Universal Beteiligungs und Servicegesellschaft mbH Purchases New 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 acquired a new position in Q2 Holdings, Inc. (NYSE:QTWO - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 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 quarter.

Several other hedge funds have also bought and sold shares of the stock. NewEdge Advisors LLC boosted its position in shares of Q2 by 269.6% during the fourth quarter. NewEdge Advisors LLC now owns 377 shares of the technology company's stock worth $38,000 after buying an additional 275 shares during the period. Versant Capital Management Inc purchased a new position in Q2 in the first quarter valued at $33,000. Larson Financial Group LLC increased its holdings in Q2 by 2,630.0% in the first quarter. Larson Financial Group LLC now owns 546 shares of the technology company's stock valued at $44,000 after buying an additional 526 shares during the last quarter. Transce3nd LLC acquired a new position in Q2 in the fourth quarter valued at $98,000. Finally, Johnson Financial Group Inc. acquired a new position in Q2 in the fourth quarter valued at $102,000.

Insiders Place Their Bets

In other news, Director James Offerdahl sold 1,000 shares of the stock in a transaction that occurred on Thursday, May 22nd. The stock was sold at an average price of $87.77, for a total value of $87,770.00. Following the completion of the sale, the director owned 16,241 shares of the company's stock, valued at approximately $1,425,472.57. This represents a 5.80% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, General Counsel Michael S. Kerr sold 397 shares of the stock in a transaction on Wednesday, May 14th. The shares were sold at an average price of $92.90, for a total value of $36,881.30. Following the completion of the sale, the general counsel owned 58,441 shares in the company, valued at approximately $5,429,168.90. This trade represents a 0.67% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 3,991 shares of company stock worth $357,153. Company insiders own 0.31% of the company's stock.

Q2 Stock Performance

Shares of NYSE QTWO traded down $4.68 during trading on Friday, reaching $76.52. The company had a trading volume of 1,368,285 shares, compared to its average volume of 536,969. Q2 Holdings, Inc. has a 52 week low of $61.51 and a 52 week high of $112.82. The business's 50 day moving average price is $89.97 and its 200-day moving average price is $86.18. The stock has a market cap of $4.78 billion, a PE ratio of 1,530.71 and a beta of 1.47.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on QTWO shares. Raymond James Financial reduced their target price on shares of Q2 from $110.00 to $105.00 and set an "outperform" rating for the company in a report on Thursday, May 8th. Royal Bank Of Canada boosted their price objective on shares of Q2 from $101.00 to $102.00 and gave the stock a "sector perform" rating in a report on Thursday. Cantor Fitzgerald began coverage on shares of Q2 in a research report on Tuesday, June 3rd. They set an "overweight" rating and a $110.00 target price for the company. Morgan Stanley lifted their price target on shares of Q2 from $89.00 to $93.00 and gave the stock an "equal weight" rating in a report on Thursday, May 8th. Finally, Robert W. Baird raised their target price on shares of Q2 from $84.00 to $90.00 and gave the stock a "neutral" rating in a research report on Thursday, May 8th. Eight research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $101.06.

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.