Cubist Systematic Strategies LLC Invests $4.26 Million in Q2 Holdings, Inc. (NYSE:QTWO)

Cubist Systematic Strategies LLC purchased a new stake in Q2 Holdings, Inc. (NYSE:QTWO - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 42,308 shares of the technology company's stock, valued at approximately $4,258,000. Cubist Systematic Strategies LLC owned approximately 0.07% of Q2 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. TCTC Holdings LLC acquired a new position in shares of Q2 during the 4th quarter worth about $30,000. SBI Securities Co. Ltd. acquired a new position in Q2 during the fourth quarter valued at approximately $30,000. Ameliora Wealth Management Ltd. acquired a new position in Q2 during the fourth quarter valued at approximately $32,000. NewEdge Advisors LLC grew its stake in Q2 by 269.6% in the fourth quarter. NewEdge Advisors LLC now owns 377 shares of the technology company's stock valued at $38,000 after purchasing an additional 275 shares in the last quarter. Finally, Transce3nd LLC acquired a new position in shares of Q2 during the 4th quarter worth approximately $98,000.

Q2 Stock Performance

NYSE:QTWO traded up $2.34 during mid-day trading on Monday, hitting $91.96. 865,564 shares of the stock were exchanged, compared to its average volume of 646,424. The firm's 50-day simple moving average is $77.85 and its 200 day simple moving average is $90.30. The stock has a market capitalization of $5.73 billion, a price-to-earnings ratio of -141.48 and a beta of 1.47. Q2 Holdings, Inc. has a fifty-two week low of $55.97 and a fifty-two week high of $112.82. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.40 and a current ratio of 1.40.

Q2 (NYSE:QTWO - Get Free Report) last announced its earnings results on Wednesday, February 12th. The technology company reported $0.18 earnings per share (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 anticipate that Q2 Holdings, Inc. will post 0.67 EPS for the current fiscal year.

Insider Activity at Q2

In other Q2 news, CFO Jonathan Price sold 42,652 shares of the business's stock in a transaction that occurred on Wednesday, March 12th. The shares were sold at an average price of $74.37, for a total transaction of $3,172,029.24. Following the completion of the transaction, the chief financial officer now directly owns 209,378 shares in the company, valued at $15,571,441.86. The trade was a 16.92% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director James Offerdahl sold 1,000 shares of the company's stock in a transaction on Monday, February 24th. The stock was sold at an average price of $87.96, for a total value of $87,960.00. Following the sale, the director now owns 17,241 shares of the company's stock, valued at $1,516,518.36. The trade was a 5.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 193,858 shares of company stock worth $14,853,965. Company insiders own 0.31% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on QTWO shares. Raymond James cut their price objective on Q2 from $110.00 to $105.00 and set an "outperform" rating for the company in a report on Thursday. Stifel Nicolaus increased their price target on shares of Q2 from $100.00 to $105.00 and gave the company a "buy" rating in a research note on Thursday. Compass Point reissued a "neutral" rating and issued a $60.00 price objective on shares of Q2 in a research report on Monday, April 7th. Royal Bank of Canada dropped their target price on shares of Q2 from $108.00 to $101.00 and set a "sector perform" rating on the stock in a report on Thursday. Finally, Stephens reiterated an "overweight" rating and set a $115.00 price target on shares of Q2 in a report on Thursday, February 13th. Eight research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $98.80.

About Q2

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.