2 weeks Ago By ABMN Staff
Renaissance Technologies LLC cut its stake in shares of Q2 Holdings, Inc. ( NYSE:QTWO – Free Report ) by 39.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC.
The institutional investor owned 47,100 shares of the technology company’s stock after selling 30,800 shares during the quarter. Renaissance Technologies LLC owned approximately 0.08% of Q2 worth $4,741,000 at the end of the most recent reporting period.
Other hedge funds have also recently added to or reduced their stakes in the company. Proficio Capital Partners LLC acquired a new stake in shares of Q2 in the 4th quarter valued at $29,000. SBI Securities Co.
Ltd. purchased a new stake in Q2 during the 4th quarter worth about $30,000. TCTC Holdings LLC purchased a new position in shares of Q2 in the 4th quarter valued at about $30,000.
Ameliora Wealth Management Ltd. acquired a new stake in shares of Q2 during the 4th quarter worth about $32,000. Finally, 1620 Investment Advisors Inc.
purchased a new stake in Q2 during the fourth quarter worth approximately $137,000. Q2 Trading Down 3.6 % Shares of Q2 stock opened at $72.
28 on Tuesday. The company has a 50-day moving average of $79.72 and a two-hundred day moving average of $90.
33. The stock has a market cap of $4.39 billion, a PE ratio of -111.
20 and a beta of 1.61. The company has a current ratio of 1.
40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.58.
Q2 Holdings, Inc. has a 12-month low of $50.04 and a 12-month high of $112.
82. Insider Buying and Selling In other Q2 news, CEO Matthew P. Flake sold 56,799 shares of the company’s stock in a transaction dated 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 transaction, the chief executive officer now directly owns 453,849 shares in the company, valued at approximately $35,527,299.72. This represents a 11.
12 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link . Also, Director James Offerdahl sold 1,000 shares of Q2 stock in a transaction dated 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 of the company’s stock, valued at approximately $1,516,518.36. This trade represents a 5.
48 % decrease in their ownership of the stock. The disclosure for this sale can be found here . Insiders sold 193,858 shares of company stock worth $14,853,965 in the last ninety days.
Insiders own 3.00% of the company’s stock. Analyst Ratings Changes Several brokerages have recently weighed in on QTWO.
Robert W. Baird restated a “neutral” rating and set a $99.00 price objective (up previously from $89.
00) on shares of Q2 in a research report on Friday, January 10th. Compass Point reissued a “neutral” rating and issued a $60.00 target price on shares of Q2 in a report on Monday, April 7th.
Baird R W lowered Q2 from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 10th. Stephens reissued an “overweight” rating and issued a $115.00 price objective on shares of Q2 in a report 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 company a “buy” rating in a report on Thursday, February 13th.
Eight research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $102.33.
Get Our Latest Stock Analysis on Q2 About Q2 ( Free Report ) 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. See Also Want to see what other hedge funds are holding QTWO? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for Q2 Holdings, Inc. ( NYSE:QTWO – Free Report ). Receive News & Ratings for Q2 Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Q2 and related companies with MarketBeat.
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