Inspire Advisors LLC Reduces Stock Position in Q2 Holdings, Inc. (NYSE:QTWO)

Inspire Advisors LLC cut its stake in Q2 Holdings, Inc. (NYSE:QTWO) by 19.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 32,770 shares of the technology company’s stock after selling 7,754 shares during the period. Q2 makes up approximately 0.4% of Inspire Advisors LLC’s holdings, making the stock its 26th largest holding. Inspire Advisors LLC’s holdings in Q2 were worth $3,298,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. purchased a new position in shares of Q2 during the 4th quarter worth approximately $30,000. Ameliora Wealth Management Ltd. purchased a new position in shares of Q2 during the 4th quarter worth approximately $32,000. Quarry LP increased its stake in shares of Q2 by 988.2% during the 3rd quarter. Quarry LP now owns 370 shares of the technology company’s stock worth $30,000 after purchasing an additional 336 shares in the last quarter. Arcadia Investment Management Corp MI purchased a new position in shares of Q2 during the 4th quarter worth approximately $179,000. Finally, Asset Management One Co. Ltd. increased its stake in shares of Q2 by 108.1% during the 3rd quarter. Asset Management One Co. Ltd. now owns 1,856 shares of the technology company’s stock worth $148,000 after purchasing an additional 964 shares in the last quarter.

Insider Activity at Q2

In related news, Director James Offerdahl sold 1,000 shares of Q2 stock in a transaction on Monday, February 24th. The shares were sold at an average price of $87.96, for a total transaction of $87,960.00. Following the transaction, the director now owns 17,241 shares in the company, valued at approximately $1,516,518.36. The trade was a 5.48 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, President Kirk L. Coleman sold 10,428 shares of Q2 stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $106.42, for a total transaction of $1,109,747.76. Following the transaction, the president now owns 337,643 shares in the company, valued at $35,931,968.06. The trade was a 3.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 73,350 shares of company stock worth $6,187,586. 3.00% of the stock is currently owned by corporate insiders.

Q2 Stock Down 5.9 %

Shares of QTWO opened at $71.39 on Tuesday. The firm has a market cap of $4.34 billion, a PE ratio of -109.82 and a beta of 1.62. The company’s fifty day moving average is $91.93 and its two-hundred day moving average is $90.26. Q2 Holdings, Inc. has a fifty-two week low of $46.50 and a fifty-two week high of $112.82. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.58.

Q2 (NYSE:QTWO) last announced its quarterly 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%. Analysts forecast that Q2 Holdings, Inc. will post 0.67 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts have recently weighed in on QTWO shares. DA Davidson raised their price objective on shares of Q2 from $76.00 to $86.00 and gave the stock a “neutral” rating in a research note on Monday, November 11th. KeyCorp raised shares of Q2 from a “sector weight” rating to an “overweight” rating and set a $126.00 target price for the company in a research note on Wednesday, December 18th. Baird R W cut shares of Q2 from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 10th. Stifel Nicolaus lifted their target price on shares of Q2 from $115.00 to $125.00 and gave the stock a “buy” rating in a research note on Thursday, February 13th. Finally, Needham & Company LLC lifted their target price on shares of Q2 from $120.00 to $125.00 and gave the stock a “buy” rating in a research note on Thursday, February 13th. Seven research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $105.27.

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.