Robeco Institutional Asset Management B.V. Decreases Position in Q2 Holdings, Inc. (NYSE:QTWO)

Robeco Institutional Asset Management B.V. lowered its position in Q2 Holdings, Inc. (NYSE:QTWO) by 7.2% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 130,251 shares of the technology company’s stock after selling 10,104 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Q2 were worth $13,110,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Versor Investments LP purchased a new stake in Q2 in the third quarter valued at approximately $590,000. Perpetual Ltd purchased a new stake in Q2 in the third quarter valued at approximately $80,788,000. State Street Corp increased its holdings in shares of Q2 by 0.3% in the third quarter. State Street Corp now owns 1,668,767 shares of the technology company’s stock valued at $133,118,000 after purchasing an additional 5,000 shares during the period. BNP Paribas Financial Markets increased its holdings in shares of Q2 by 32.2% in the third quarter. BNP Paribas Financial Markets now owns 30,720 shares of the technology company’s stock valued at $2,451,000 after purchasing an additional 7,475 shares during the period. Finally, Nordea Investment Management AB increased its holdings in shares of Q2 by 61.8% in the fourth quarter. Nordea Investment Management AB now owns 111,110 shares of the technology company’s stock valued at $11,208,000 after purchasing an additional 42,433 shares during the period.

Q2 Stock Down 2.8 %

QTWO opened at $94.96 on Friday. The business’s fifty day moving average is $101.06 and its two-hundred day moving average is $86.51. The company has a debt-to-equity ratio of 0.99, a quick ratio of 2.50 and a current ratio of 2.50. The company has a market cap of $5.74 billion, a price-to-earnings ratio of -98.91 and a beta of 1.61. Q2 Holdings, Inc. has a one year low of $40.60 and a one year high of $112.82.

Insiders Place Their Bets

In other news, President Kirk L. Coleman sold 10,428 shares of the company’s stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $106.42, for a total value of $1,109,747.76. Following the sale, the president now directly owns 337,643 shares in the company, valued at $35,931,968.06. This represents a 3.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CRO Michael A. Volanoski sold 5,123 shares of the company’s stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $106.12, for a total value of $543,652.76. Following the completion of the sale, the executive now owns 218,371 shares in the company, valued at $23,173,530.52. This represents a 2.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 28,836 shares of company stock worth $3,061,035. 3.00% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. Royal Bank of Canada boosted their target price on Q2 from $76.00 to $105.00 and gave the company a “sector perform” rating in a report on Thursday, November 7th. Citigroup lowered Q2 from a “buy” rating to a “neutral” rating and boosted their target price for the company from $72.00 to $90.00 in a report on Friday, October 18th. Truist Financial reissued a “buy” rating and issued a $100.00 target price (up previously from $78.00) on shares of Q2 in a report on Thursday, November 7th. Piper Sandler upped their price objective on Q2 from $74.00 to $93.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. Finally, Needham & Company LLC upped their price objective on Q2 from $90.00 to $120.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Seven 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, the stock presently has an average rating of “Moderate Buy” and an average target price of $98.07.

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.