Oppenheimer Asset Management Inc. Sells 13,387 Shares of Q2 Holdings, Inc. (NYSE:QTWO)

Oppenheimer Asset Management Inc. lessened its holdings in shares of Q2 Holdings, Inc. (NYSE:QTWO) by 36.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 23,251 shares of the technology company’s stock after selling 13,387 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Q2 were worth $2,340,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Highland Capital Management LLC boosted its stake in Q2 by 6.6% in the 4th quarter. Highland Capital Management LLC now owns 2,775 shares of the technology company’s stock worth $279,000 after purchasing an additional 172 shares in the last quarter. Parallax Volatility Advisers L.P. boosted its stake in Q2 by 5.5% in the 3rd quarter. Parallax Volatility Advisers L.P. now owns 5,549 shares of the technology company’s stock worth $443,000 after purchasing an additional 288 shares in the last quarter. Ameliora Wealth Management Ltd. bought a new position in Q2 in the 4th quarter worth about $32,000. Quarry LP boosted its stake in Q2 by 988.2% in 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. Finally, Rhumbline Advisers boosted its stake in Q2 by 0.4% in the 4th quarter. Rhumbline Advisers now owns 81,652 shares of the technology company’s stock worth $8,218,000 after purchasing an additional 355 shares in the last quarter.

Insider Activity

In related news, Director James Offerdahl sold 1,000 shares of the stock in a transaction on Monday, February 24th. The stock was sold at an average price of $87.96, for a total transaction of $87,960.00. Following the sale, the director now owns 17,241 shares in the company, valued at approximately $1,516,518.36. This represents a 5.48 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, President Kirk L. Coleman sold 10,428 shares of the stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $106.42, for a total value of $1,109,747.76. Following the sale, 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 ninety days, insiders sold 29,288 shares of company stock worth $3,091,483. 3.00% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

QTWO has been the topic of a number of analyst reports. Raymond James upped their price target on shares of Q2 from $100.00 to $110.00 and gave the stock an “outperform” rating in a research note on Thursday, February 13th. KeyCorp upgraded shares of Q2 from a “sector weight” rating to an “overweight” rating and set a $126.00 price target on the stock in a research note on Wednesday, December 18th. Royal Bank of Canada boosted their target price on Q2 from $105.00 to $108.00 and gave the stock a “sector perform” rating in a research report on Thursday, February 13th. The Goldman Sachs Group boosted their target price on Q2 from $86.00 to $103.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Finally, Robert W. Baird reissued a “neutral” rating and issued a $99.00 target price (up previously from $89.00) on shares of Q2 in a research report on Friday, January 10th. Seven investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $105.27.

Q2 Stock Up 2.7 %

NYSE QTWO opened at $87.36 on Monday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.40 and a current ratio of 1.40. The company has a market capitalization of $5.31 billion, a P/E ratio of -134.40 and a beta of 1.61. Q2 Holdings, Inc. has a one year low of $44.74 and a one year high of $112.82. The stock has a 50 day moving average price of $94.99 and a 200-day moving average price of $89.89.

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

Q2 Company 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.