294 Shares in Q2 Holdings, Inc. (NYSE:QTWO) Purchased by TCTC Holdings LLC

TCTC Holdings LLC purchased a new position in Q2 Holdings, Inc. (NYSE:QTWO) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 294 shares of the technology company’s stock, valued at approximately $30,000.

Several other institutional investors also recently modified their holdings of QTWO. Raymond James Financial Inc. bought a new position in shares of Q2 in the 4th quarter worth about $18,271,000. Rockefeller Capital Management L.P. bought a new stake in Q2 during the 3rd quarter valued at about $9,847,000. Cookson Peirce & Co. Inc. bought a new stake in Q2 during the 4th quarter valued at about $11,681,000. Wealthfront Advisers LLC bought a new stake in Q2 during the 4th quarter valued at about $9,367,000. Finally, Barclays PLC increased its stake in Q2 by 104.0% during the 3rd quarter. Barclays PLC now owns 163,138 shares of the technology company’s stock valued at $13,012,000 after purchasing an additional 83,181 shares in the last quarter.

Insiders Place Their Bets

In other Q2 news, insider Kimberly Anne Rutledge sold 6,656 shares of the company’s stock in a transaction that occurred on Wednesday, March 12th. The shares were sold at an average price of $74.12, for a total value of $493,342.72. Following the completion of the transaction, the insider now directly owns 113,278 shares in the company, valued at $8,396,165.36. This represents a 5.55 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Matthew P. Flake sold 56,799 shares of the company’s stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $78.28, for a total transaction of $4,446,225.72. Following the completion of the transaction, the chief executive officer now owns 453,849 shares of the company’s stock, valued at approximately $35,527,299.72. The trade was a 11.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 157,835 shares of company stock worth $11,959,517 over the last three months. 3.00% of the stock is currently owned by company insiders.

Q2 Stock Performance

Shares of NYSE QTWO opened at $77.19 on Tuesday. The firm has a 50 day moving average of $89.34 and a 200 day moving average of $90.29. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.58. The firm has a market capitalization of $4.69 billion, a price-to-earnings ratio of -118.75 and a beta of 1.62. Q2 Holdings, Inc. has a 12-month low of $46.50 and a 12-month high of $112.82.

Q2 (NYSE:QTWO) last announced its earnings results on Wednesday, February 12th. The technology company reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.48 by ($0.30). Q2 had a negative net margin of 5.53% and a positive return on equity of 0.85%. On average, research analysts anticipate that Q2 Holdings, Inc. will post 0.67 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on QTWO. Citigroup raised their price objective on shares of Q2 from $96.00 to $100.00 and gave the company a “neutral” rating in a research note on Thursday, February 13th. Stifel Nicolaus raised their price objective on shares of Q2 from $115.00 to $125.00 and gave the company a “buy” rating in a research note on Thursday, February 13th. KeyCorp raised shares of Q2 from a “sector weight” rating to an “overweight” rating and set a $126.00 price target on the stock in a report on Wednesday, December 18th. Needham & Company LLC raised their price target on shares of Q2 from $120.00 to $125.00 and gave the company a “buy” rating in a report on Thursday, February 13th. Finally, Royal Bank of Canada raised their price target on shares of Q2 from $105.00 to $108.00 and gave the company a “sector perform” rating in a report on Thursday, February 13th. Seven research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, Q2 currently has an average rating of “Moderate Buy” and an average price target of $105.27.

Q2 Profile

Q2 Holdings, Inc provides cloud-based digital solutions to regional and community financial institutions in the United States. The company offers Digital Banking Platform, an end-to-end digital banking platform supports its financial institution customers in their delivery of unified digital banking services across digital channels.