Lindenwold Advisors INC Trims Stake in Q2 Holdings, Inc. (NYSE:QTWO)

Lindenwold Advisors INC lowered its holdings in Q2 Holdings, Inc. (NYSE:QTWO) by 24.4% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,581 shares of the technology company’s stock after selling 835 shares during the quarter. Lindenwold Advisors INC’s holdings in Q2 were worth $260,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in QTWO. Highland Capital Management LLC grew its stake in Q2 by 6.6% during the 4th quarter. Highland Capital Management LLC now owns 2,775 shares of the technology company’s stock worth $279,000 after purchasing an additional 172 shares in the last quarter. Arizona State Retirement System boosted its position in shares of Q2 by 1.1% in the 4th quarter. Arizona State Retirement System now owns 17,495 shares of the technology company’s stock valued at $1,761,000 after purchasing an additional 190 shares during the period. Moran Wealth Management LLC boosted its position in shares of Q2 by 2.7% in the 4th quarter. Moran Wealth Management LLC now owns 8,115 shares of the technology company’s stock valued at $817,000 after purchasing an additional 215 shares during the period. Parallax Volatility Advisers L.P. raised its stake in Q2 by 5.5% during the 3rd quarter. Parallax Volatility Advisers L.P. now owns 5,549 shares of the technology company’s stock valued at $443,000 after acquiring an additional 288 shares during the last quarter. Finally, TCTC Holdings LLC purchased a new stake in Q2 during the 4th quarter valued at approximately $30,000.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. Robert W. Baird reissued a “neutral” rating and set a $99.00 target price (up from $89.00) on shares of Q2 in a research note on Friday, January 10th. Citigroup increased their target price on Q2 from $96.00 to $100.00 and gave the stock a “neutral” rating in a research report on Thursday, February 13th. KeyCorp raised Q2 from a “sector weight” rating to an “overweight” rating and set a $126.00 price objective on the stock in a research report on Wednesday, December 18th. Stephens reiterated an “overweight” rating and issued a $115.00 price target on shares of Q2 in a research note on Thursday, February 13th. Finally, Truist Financial restated a “buy” rating and issued a $110.00 target price (up from $100.00) on shares of Q2 in a research note on Thursday, February 13th. Seven analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, Q2 presently has a consensus rating of “Moderate Buy” and a consensus price target of $105.27.

Insiders Place Their Bets

In other news, insider Kimberly Anne Rutledge sold 6,656 shares of Q2 stock in a transaction dated Wednesday, March 12th. The stock was 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 owns 113,278 shares in the company, valued at approximately $8,396,165.36. This trade represents a 5.55 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Matthew P. Flake sold 56,799 shares of the business’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 value of $4,446,225.72. Following the sale, 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 position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 157,835 shares of company stock worth $11,959,517. Corporate insiders own 3.00% of the company’s stock.

Q2 Stock Performance

Shares of Q2 stock opened at $76.07 on Wednesday. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.40 and a quick ratio of 1.40. The stock has a market cap of $4.62 billion, a price-to-earnings ratio of -117.02 and a beta of 1.62. The firm’s 50-day moving average is $88.90 and its 200 day moving average is $90.30. Q2 Holdings, Inc. has a 1 year low of $46.50 and a 1 year high of $112.82.

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

Q2 Company 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.