MCF Advisors LLC Sells 218 Shares of Q2 Holdings, Inc. (NYSE:QTWO)

MCF Advisors LLC decreased its holdings in Q2 Holdings, Inc. (NYSE:QTWO) by 35.6% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 395 shares of the technology company’s stock after selling 218 shares during the period. MCF Advisors LLC’s holdings in Q2 were worth $32,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in QTWO. Nordea Investment Management AB boosted its stake in Q2 by 45.2% in the 1st quarter. Nordea Investment Management AB now owns 64,826 shares of the technology company’s stock worth $3,456,000 after purchasing an additional 20,195 shares during the period. Jennison Associates LLC boosted its position in shares of Q2 by 14.6% during the first quarter. Jennison Associates LLC now owns 1,852,407 shares of the technology company’s stock worth $97,363,000 after acquiring an additional 235,582 shares during the last quarter. DekaBank Deutsche Girozentrale grew its stake in Q2 by 67.4% during the first quarter. DekaBank Deutsche Girozentrale now owns 55,617 shares of the technology company’s stock valued at $2,908,000 after acquiring an additional 22,400 shares in the last quarter. Perpetual Ltd bought a new stake in Q2 in the 3rd quarter valued at $80,788,000. Finally, Oppenheimer & Co. Inc. purchased a new stake in Q2 in the 1st quarter worth $1,055,000.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. Needham & Company LLC restated an “underperform” rating on shares of Q2 in a research report on Friday, October 18th. Royal Bank of Canada reaffirmed a “sector perform” rating on shares of Q2 in a research note on Friday, October 18th. Compass Point initiated coverage on shares of Q2 in a report on Wednesday, September 4th. They issued a “buy” rating and a $91.00 target price for the company. Citigroup downgraded shares of Q2 from a “buy” rating to a “neutral” rating and upped their price target for the company from $72.00 to $90.00 in a research note on Friday, October 18th. Finally, Truist Financial reissued a “buy” rating and issued a $78.00 price objective (up from $68.00) on shares of Q2 in a research note on Thursday, August 1st. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $73.64.

Q2 Price Performance

Shares of QTWO stock opened at $83.36 on Friday. The stock has a 50 day moving average price of $77.30 and a 200 day moving average price of $66.91. Q2 Holdings, Inc. has a 52-week low of $28.91 and a 52-week high of $84.82. 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 firm has a market capitalization of $5.02 billion, a P/E ratio of -71.86 and a beta of 1.59.

Q2 (NYSE:QTWO) last issued 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). The company had revenue of $172.89 million for the quarter, compared to analysts’ expectations of $170.67 million. Q2 had a negative net margin of 10.40% and a negative return on equity of 3.95%. As a group, sell-side analysts predict that Q2 Holdings, Inc. will post -0.01 earnings per share for the current year.

Insider Buying and Selling at Q2

In other news, Director Jeffrey T. Diehl sold 28,005 shares of Q2 stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $75.25, for a total transaction of $2,107,376.25. Following the completion of the sale, the director now owns 397,702 shares of the company’s stock, valued at approximately $29,927,075.50. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other Q2 news, EVP Jonathan Price sold 11,000 shares of the firm’s stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $71.64, for a total transaction of $788,040.00. Following the transaction, the executive vice president now owns 215,079 shares of the company’s stock, valued at approximately $15,408,259.56. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Jeffrey T. Diehl sold 28,005 shares of the business’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $75.25, for a total transaction of $2,107,376.25. Following the completion of the sale, the director now owns 397,702 shares of the company’s stock, valued at approximately $29,927,075.50. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 41,963 shares of company stock valued at $3,109,699 in the last three months. Company insiders own 3.00% of the company’s stock.

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.