Universal Beteiligungs und Servicegesellschaft mbH Takes Position in Q2 Holdings, Inc. (NYSE:QTWO)

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH acquired 35,791 shares of Q2 Holdings, valued at approximately $2.86 million, representing about 0.06% ownership of the company.
• Multiple large investors have increased their stakes in Q2, including Massachusetts Financial Services and Conestoga Capital Advisors, highlighting growing institutional interest.
• Analysts have mixed views on Q2 Holdings, with price targets ranging from $60 to $105, resulting in a consensus rating of "Moderate Buy" and an average price target of $100.41.

Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of Q2 Holdings, Inc. (NYSE:QTWO - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund bought 35,791 shares of the technology company's stock, valued at approximately $2,864,000. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.06% of Q2 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Conestoga Capital Advisors LLC lifted its holdings in shares of Q2 by 1.6% during the first quarter. Conestoga Capital Advisors LLC now owns 1,957,893 shares of the technology company's stock worth $156,651,000 after buying an additional 30,480 shares during the last quarter. Massachusetts Financial Services Co. MA grew its position in Q2 by 28.1% in the first quarter. Massachusetts Financial Services Co. MA now owns 1,724,135 shares of the technology company's stock valued at $137,948,000 after acquiring an additional 378,394 shares during the period. Capital Research Global Investors grew its position in Q2 by 11.2% in the fourth quarter. Capital Research Global Investors now owns 1,518,376 shares of the technology company's stock valued at $152,825,000 after acquiring an additional 152,872 shares during the period. Geode Capital Management LLC grew its position in Q2 by 2.7% in the fourth quarter. Geode Capital Management LLC now owns 1,389,181 shares of the technology company's stock valued at $140,175,000 after acquiring an additional 36,025 shares during the period. Finally, Jennison Associates LLC grew its position in Q2 by 3.3% in the first quarter. Jennison Associates LLC now owns 1,301,772 shares of the technology company's stock valued at $104,155,000 after acquiring an additional 41,412 shares during the period.

Wall Street Analysts Forecast Growth

QTWO has been the topic of several research analyst reports. Wall Street Zen cut Q2 from a "strong-buy" rating to a "buy" rating in a report on Sunday, June 8th. Robert W. Baird increased their target price on Q2 from $84.00 to $90.00 and gave the stock a "neutral" rating in a report on Thursday, May 8th. Raymond James Financial decreased their target price on Q2 from $110.00 to $105.00 and set an "outperform" rating on the stock in a report on Thursday, May 8th. Stifel Nicolaus increased their target price on Q2 from $105.00 to $110.00 and gave the stock a "buy" rating in a report on Thursday. Finally, Compass Point reiterated a "neutral" rating and issued a $60.00 price target on shares of Q2 in a report on Monday, April 7th. Eight investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, Q2 has a consensus rating of "Moderate Buy" and an average target price of $101.06.

Q2 Price Performance

QTWO stock traded down $4.68 during trading on Friday, reaching $76.52. The company's stock had a trading volume of 1,368,285 shares, compared to its average volume of 676,694. The company's fifty day moving average is $90.18 and its 200-day moving average is $86.29. Q2 Holdings, Inc. has a 1 year low of $61.51 and a 1 year high of $112.82. The company has a market capitalization of $4.77 billion, a P/E ratio of 1,530.71 and a beta of 1.48. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 0.55.

Insider Activity

In related news, Director James Offerdahl sold 1,000 shares of the business's stock in a transaction on Thursday, May 22nd. The shares were sold at an average price of $87.77, for a total transaction of $87,770.00. Following the completion of the transaction, the director directly owned 16,241 shares in the company, valued at $1,425,472.57. The trade was a 5.80% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, General Counsel Michael S. Kerr sold 397 shares of the business's stock in a transaction on Wednesday, May 14th. The shares were sold at an average price of $92.90, for a total transaction of $36,881.30. Following the transaction, the general counsel owned 58,441 shares of the company's stock, valued at $5,429,168.90. This represents a 0.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 3,991 shares of company stock valued at $357,153. Corporate insiders own 0.31% 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.