Robeco Institutional Asset Management B.V. Sells 10,000 Shares of Q2 Holdings, Inc. (NYSE:QTWO)

Robeco Institutional Asset Management B.V. trimmed its holdings in shares of Q2 Holdings, Inc. (NYSE:QTWO) by 6.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 140,000 shares of the technology company’s stock after selling 10,000 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Q2 were worth $6,077,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its position in shares of Q2 by 7.5% in the third quarter. Vanguard Group Inc. now owns 6,952,848 shares of the technology company’s stock worth $224,368,000 after purchasing an additional 487,111 shares during the period. Victory Capital Management Inc. boosted its position in shares of Q2 by 855.4% in the fourth quarter. Victory Capital Management Inc. now owns 451,647 shares of the technology company’s stock worth $19,606,000 after purchasing an additional 404,372 shares during the period. Jennison Associates LLC boosted its position in shares of Q2 by 32.0% in the fourth quarter. Jennison Associates LLC now owns 1,616,825 shares of the technology company’s stock worth $70,186,000 after purchasing an additional 391,539 shares during the period. North Reef Capital Management LP boosted its position in shares of Q2 by 21.2% in the third quarter. North Reef Capital Management LP now owns 2,070,000 shares of the technology company’s stock worth $66,799,000 after purchasing an additional 362,227 shares during the period. Finally, Conestoga Capital Advisors LLC boosted its position in shares of Q2 by 13.2% in the fourth quarter. Conestoga Capital Advisors LLC now owns 2,203,414 shares of the technology company’s stock worth $95,650,000 after purchasing an additional 256,802 shares during the period.

Q2 Trading Up 1.0 %

Shares of QTWO opened at $63.92 on Tuesday. Q2 Holdings, Inc. has a twelve month low of $26.54 and a twelve month high of $64.17. The company has a debt-to-equity ratio of 1.06, a current ratio of 2.38 and a quick ratio of 2.38. The company’s fifty day simple moving average is $53.85 and its 200-day simple moving average is $45.51.

Q2 (NYSE:QTWO) last announced its earnings results on Wednesday, February 21st. The technology company reported ($0.06) earnings per share for the quarter, beating the consensus estimate of ($0.10) by $0.04. Q2 had a negative net margin of 12.35% and a negative return on equity of 5.88%. The business had revenue of $162.12 million for the quarter, compared to the consensus estimate of $161.31 million. On average, equities research analysts expect that Q2 Holdings, Inc. will post -0.05 earnings per share for the current year.

Analyst Ratings Changes

Several research firms have recently commented on QTWO. The Goldman Sachs Group boosted their target price on shares of Q2 from $52.00 to $59.00 and gave the stock a “buy” rating in a report on Thursday, May 2nd. Piper Sandler boosted their target price on shares of Q2 from $47.00 to $61.00 and gave the stock a “neutral” rating in a report on Friday, May 3rd. Stifel Nicolaus boosted their target price on shares of Q2 from $48.00 to $60.00 and gave the stock a “buy” rating in a report on Wednesday, April 24th. DA Davidson boosted their target price on shares of Q2 from $58.00 to $65.00 and gave the stock a “buy” rating in a report on Friday, May 3rd. Finally, Truist Financial reissued a “buy” rating and issued a $65.00 target price (up previously from $60.00) on shares of Q2 in a report on Thursday, May 2nd. Four investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $55.33.

Insider Activity

In other news, Director James Offerdahl sold 1,040 shares of the stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $44.81, for a total value of $46,602.40. Following the sale, the director now owns 17,130 shares of the company’s stock, valued at $767,595.30. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, Director R. H. Seale sold 689 shares of the company’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $48.75, for a total value of $33,588.75. Following the transaction, the director now directly owns 420,769 shares in the company, valued at $20,512,488.75. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director James Offerdahl sold 1,040 shares of the company’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $44.81, for a total transaction of $46,602.40. Following the completion of the transaction, the director now owns 17,130 shares in the company, valued at $767,595.30. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 167,181 shares of company stock valued at $7,851,375. 3.60% of the stock is currently owned by company insiders.

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.