36,247 Shares in Q2 Holdings, Inc. (NYSE:QTWO) Purchased by Quantinno Capital Management LP

Quantinno Capital Management LP purchased a new position in Q2 Holdings, Inc. (NYSE:QTWO - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 36,247 shares of the technology company's stock, valued at approximately $3,648,000. Quantinno Capital Management LP owned 0.06% of Q2 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of QTWO. Barclays PLC lifted its holdings in Q2 by 104.0% in the 3rd quarter. Barclays PLC now owns 163,138 shares of the technology company's stock worth $13,012,000 after purchasing an additional 83,181 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in shares of Q2 by 38.6% in the third quarter. Principal Financial Group Inc. now owns 176,695 shares of the technology company's stock worth $14,095,000 after buying an additional 49,233 shares in the last quarter. Atomi Financial Group Inc. bought a new position in shares of Q2 during the fourth quarter worth $348,000. Dakota Wealth Management grew its stake in Q2 by 189.8% during the fourth quarter. Dakota Wealth Management now owns 16,030 shares of the technology company's stock valued at $1,613,000 after acquiring an additional 10,498 shares in the last quarter. Finally, Janney Montgomery Scott LLC purchased a new position in Q2 during the fourth quarter valued at $288,000.

Q2 Trading Down 0.3%

Shares of NYSE QTWO traded down $0.28 during midday trading on Friday, hitting $87.02. The company's stock had a trading volume of 119,996 shares, compared to its average volume of 735,454. Q2 Holdings, Inc. has a 12-month low of $55.97 and a 12-month high of $112.82. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.58. The firm has a market cap of $5.42 billion, a P/E ratio of -133.86 and a beta of 1.47. The business's 50 day moving average is $80.27 and its two-hundred day moving average is $90.51.

Analyst Ratings Changes

Several analysts have commented on QTWO shares. Citigroup boosted their price target on shares of Q2 from $96.00 to $100.00 and gave the stock a "neutral" rating in a research note on Thursday, February 13th. Truist Financial reissued a "buy" rating and set a $110.00 price target (up from $100.00) on shares of Q2 in a research note on Thursday, February 13th. The Goldman Sachs Group reduced their price objective on Q2 from $119.00 to $106.00 and set a "buy" rating on the stock in a research note on Friday, March 28th. Raymond James decreased their price objective on Q2 from $110.00 to $105.00 and set an "outperform" rating on the stock in a report on Thursday, May 8th. Finally, Needham & Company LLC cut their target price on shares of Q2 from $125.00 to $110.00 and set a "buy" rating for the company in a report on Thursday, May 8th. Eight research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $98.80.

Insider Buying and Selling at Q2

In other news, insider Kimberly Anne Rutledge sold 6,656 shares of Q2 stock in a transaction that occurred on Wednesday, March 12th. The shares were sold at an average price of $74.12, for a total transaction of $493,342.72. Following the completion of the sale, the insider now owns 113,278 shares of the company's stock, valued at approximately $8,396,165.36. The trade was a 5.55% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Matthew P. Flake sold 56,799 shares of the business's stock in a transaction that occurred on 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 completion of the sale, the chief executive officer now owns 453,849 shares of the company's stock, valued at $35,527,299.72. The trade was a 11.12% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 194,255 shares of company stock valued at $14,890,846 in the last quarter. 0.31% of the stock is owned by insiders.

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.