American Century Companies Inc. Sells 24,669 Shares of Q2 Holdings, Inc. (NYSE:QTWO)

American Century Companies Inc. reduced its stake in Q2 Holdings, Inc. (NYSE:QTWO) by 2.0% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,184,688 shares of the technology company’s stock after selling 24,669 shares during the period. American Century Companies Inc.’s holdings in Q2 were worth $119,239,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the stock. Proficio Capital Partners LLC acquired a new stake in Q2 in the fourth quarter worth $29,000. Quarry LP increased its position in shares of Q2 by 988.2% in the 3rd quarter. Quarry LP now owns 370 shares of the technology company’s stock valued at $30,000 after buying an additional 336 shares in the last quarter. SBI Securities Co. Ltd. acquired a new stake in Q2 during the 4th quarter worth $30,000. TCTC Holdings LLC bought a new position in Q2 during the fourth quarter worth about $30,000. Finally, Ameliora Wealth Management Ltd. acquired a new position in Q2 in the fourth quarter valued at about $32,000.

Insider Buying and Selling

In other news, Director James Offerdahl sold 1,000 shares of the company’s 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 completion of the transaction, the director now directly owns 17,241 shares in the company, valued at approximately $1,516,518.36. This represents a 5.48 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Matthew P. Flake sold 56,799 shares of the firm’s stock in a transaction 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 sale, the chief executive officer now directly owns 453,849 shares in the company, valued at approximately $35,527,299.72. This trade represents a 11.12 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 157,835 shares of company stock valued at $11,959,517. 3.00% of the stock is owned by insiders.

Q2 Stock Performance

Shares of QTWO stock opened at $79.10 on Monday. The company has a fifty day moving average price of $87.85 and a two-hundred day moving average price of $90.42. Q2 Holdings, Inc. has a one year low of $46.50 and a one year high of $112.82. The stock has a market cap of $4.80 billion, a P/E ratio of -121.69 and a beta of 1.62. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.40 and a quick ratio of 1.40.

Q2 (NYSE:QTWO) last posted its quarterly earnings results 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 positive return on equity of 0.85% and a negative net margin of 5.53%. As a group, equities analysts predict that Q2 Holdings, Inc. will post 0.67 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. Needham & Company LLC raised their price target on Q2 from $120.00 to $125.00 and gave the stock a “buy” rating in a research report on Thursday, February 13th. Baird R W lowered shares of Q2 from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 10th. Stephens reiterated an “overweight” rating and issued a $115.00 price target on shares of Q2 in a report on Thursday, February 13th. Citigroup raised their price objective on shares of Q2 from $96.00 to $100.00 and gave the stock a “neutral” rating in a report on Thursday, February 13th. Finally, Truist Financial restated a “buy” rating and issued a $110.00 price target (up from $100.00) on shares of Q2 in a report on Thursday, February 13th. Seven research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, Q2 currently has a consensus rating of “Moderate Buy” and an average target price 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.