Emerald Mutual Fund Advisers Trust Sells 38,674 Shares of Q2 Holdings, Inc. (NYSE:QTWO)

Emerald Mutual Fund Advisers Trust decreased its stake in shares of Q2 Holdings, Inc. (NYSE:QTWO) by 7.8% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 455,818 shares of the technology company’s stock after selling 38,674 shares during the period. Q2 makes up 1.9% of Emerald Mutual Fund Advisers Trust’s holdings, making the stock its 6th biggest holding. Emerald Mutual Fund Advisers Trust’s holdings in Q2 were worth $36,361,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in QTWO. Hood River Capital Management LLC acquired a new position in Q2 during the 1st quarter worth about $62,765,000. American Century Companies Inc. raised its holdings in Q2 by 5,990.6% during the 2nd quarter. American Century Companies Inc. now owns 1,210,143 shares of the technology company’s stock worth $73,008,000 after purchasing an additional 1,190,274 shares during the last quarter. Perpetual Ltd bought a new stake in Q2 during the 3rd quarter worth about $80,788,000. Price T Rowe Associates Inc. MD raised its holdings in Q2 by 1,910.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 719,767 shares of the technology company’s stock worth $37,832,000 after purchasing an additional 683,957 shares during the last quarter. Finally, Mesirow Institutional Investment Management Inc. bought a new stake in Q2 during the 1st quarter worth about $19,101,000.

Insider Buying and Selling

In other Q2 news, CRO Michael A. Volanoski sold 1,428 shares of the company’s stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $71.93, for a total transaction of $102,716.04. Following the completion of the transaction, the executive now owns 227,672 shares of the company’s stock, valued at $16,376,446.96. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other Q2 news, CRO Michael A. Volanoski sold 1,428 shares of the company’s stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $71.93, for a total transaction of $102,716.04. Following the completion of the transaction, the executive now owns 227,672 shares of the company’s stock, valued at $16,376,446.96. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, General Counsel Michael S. Kerr sold 517 shares of the company’s stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $70.86, for a total value of $36,634.62. Following the transaction, the general counsel now directly owns 61,130 shares of the company’s stock, valued at approximately $4,331,671.80. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 41,963 shares of company stock valued at $3,109,699. 3.00% of the stock is owned by corporate insiders.

Q2 Price Performance

NYSE QTWO opened at $85.09 on Friday. The business has a 50 day simple moving average of $78.47 and a 200 day simple moving average of $68.07. Q2 Holdings, Inc. has a 52-week low of $30.89 and a 52-week high of $86.25. The company has a debt-to-equity ratio of 1.02, a quick ratio of 2.44 and a current ratio of 2.44. The stock has a market cap of $5.13 billion, a price-to-earnings ratio of -73.35 and a beta of 1.58.

Q2 (NYSE:QTWO) last posted its earnings results on Wednesday, July 31st. The technology company reported ($0.06) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.03). Q2 had a negative return on equity of 3.95% and a negative net margin of 10.40%. The business had revenue of $172.89 million for the quarter, compared to the consensus estimate of $170.67 million. Analysts anticipate that Q2 Holdings, Inc. will post -0.02 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts have weighed in on the company. The Goldman Sachs Group boosted their price objective on Q2 from $59.00 to $86.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. BTIG Research boosted their price objective on Q2 from $75.00 to $82.00 and gave the stock a “buy” rating in a report on Monday, August 26th. Stifel Nicolaus boosted their price objective on Q2 from $65.00 to $85.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Citigroup cut Q2 from a “buy” rating to a “neutral” rating and boosted their price objective for the stock from $72.00 to $90.00 in a report on Friday, October 18th. Finally, Compass Point initiated coverage on Q2 in a research note on Wednesday, September 4th. They issued a “buy” rating and a $91.00 price target for the company. One research analyst has rated the stock with a sell rating, five have given a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $73.64.

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.