Q2 Holdings, Inc. (NYSE:QTWO) Shares Bought by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA boosted its holdings in shares of Q2 Holdings, Inc. (NYSE:QTWO) by 107.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,345,741 shares of the technology company’s stock after purchasing an additional 698,464 shares during the period. Massachusetts Financial Services Co. MA owned approximately 2.23% of Q2 worth $135,449,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the business. TCTC Holdings LLC purchased a new position in Q2 in the 4th quarter worth about $30,000. SBI Securities Co. Ltd. acquired a new position in shares of Q2 in the fourth quarter worth about $30,000. Ameliora Wealth Management Ltd. purchased a new position in shares of Q2 in the fourth quarter worth approximately $32,000. Quarry LP raised its holdings in shares of Q2 by 988.2% during the third quarter. Quarry LP now owns 370 shares of the technology company’s stock valued at $30,000 after acquiring an additional 336 shares during the period. Finally, 1620 Investment Advisors Inc. purchased a new stake in shares of Q2 in the 4th quarter valued at approximately $137,000.

Insider Transactions at Q2

In other news, Director James Offerdahl sold 1,000 shares of Q2 stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $87.96, for a total value of $87,960.00. Following the transaction, the director now directly owns 17,241 shares in the company, valued at approximately $1,516,518.36. The trade was a 5.48 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Matthew P. Flake sold 56,799 shares of the firm’s stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $78.28, for a total value of $4,446,225.72. Following the completion of the sale, the chief executive officer now directly owns 453,849 shares in the company, valued at $35,527,299.72. This trade represents a 11.12 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 193,858 shares of company stock worth $14,853,965. 3.00% of the stock is owned by insiders.

Q2 Trading Down 6.8 %

Q2 stock opened at $70.42 on Friday. Q2 Holdings, Inc. has a one year low of $49.56 and a one year high of $112.82. The company’s fifty day moving average price is $85.20 and its two-hundred day moving average price is $90.70. 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 company has a market capitalization of $4.28 billion, a price-to-earnings ratio of -108.33 and a beta of 1.62.

Q2 (NYSE:QTWO) last issued its quarterly earnings data on Wednesday, February 12th. The technology company reported $0.18 EPS 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%. On average, analysts forecast that Q2 Holdings, Inc. will post 0.67 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on QTWO shares. Stephens reiterated an “overweight” rating and set a $115.00 price objective on shares of Q2 in a research report on Thursday, February 13th. KeyCorp upgraded 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. Truist Financial reissued a “buy” rating and issued a $110.00 price objective (up from $100.00) on shares of Q2 in a research note on Thursday, February 13th. Raymond James lifted their target price on Q2 from $100.00 to $110.00 and gave the company an “outperform” rating in a research note on Thursday, February 13th. Finally, The Goldman Sachs Group decreased their price target on shares of Q2 from $119.00 to $106.00 and set a “buy” rating for the company in a report on Friday, March 28th. Seven equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, Q2 has an average rating of “Moderate Buy” and an average price target of $105.47.

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.