Capital Fund Management S.A. Buys New Shares in Q2 Holdings, Inc. $QTWO

Key Points

• Capital Fund Management S.A. acquired 81,010 shares of Q2 Holdings, Inc. ($QTWO) in Q1, valued at approximately $6.48 million, which represents a 0.13% ownership stake in the company.
• Multiple institutional investors have increased their holdings in Q2, with notable increases including NewEdge Advisors LLC raising its stake by 269.6% and Larson Financial Group LLC increasing by 2,630%.
• Analysts exhibit a generally positive outlook for Q2, with the stock receiving ten Buy ratings and an average price target reaching $101.06 according to recent reports.

Capital Fund Management S.A. bought a new position in shares of Q2 Holdings, Inc. (NYSE:QTWO - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 81,010 shares of the technology company's stock, valued at approximately $6,482,000. Capital Fund Management S.A. owned approximately 0.13% of Q2 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Rhumbline Advisers grew its position in Q2 by 6.9% in the 1st quarter. Rhumbline Advisers now owns 87,324 shares of the technology company's stock worth $6,987,000 after purchasing an additional 5,672 shares in the last quarter. Public Employees Retirement System of Ohio purchased a new position in Q2 in the fourth quarter valued at about $140,000. Mariner LLC boosted its stake in Q2 by 36.2% in the fourth quarter. Mariner LLC now owns 3,644 shares of the technology company's stock valued at $367,000 after acquiring an additional 968 shares during the last quarter. SG Americas Securities LLC boosted its stake in Q2 by 377.9% in the first quarter. SG Americas Securities LLC now owns 12,214 shares of the technology company's stock valued at $977,000 after acquiring an additional 9,658 shares during the last quarter. Finally, Johnson Financial Group Inc. purchased a new position in Q2 in the fourth quarter valued at about $102,000.

Q2 Stock Performance

NYSE QTWO traded up $1.38 on Wednesday, hitting $78.10. The stock had a trading volume of 344,443 shares, compared to its average volume of 712,367. Q2 Holdings, Inc. has a 52-week low of $63.61 and a 52-week high of $112.82. The company has a market capitalization of $4.88 billion, a price-to-earnings ratio of 1,559.53 and a beta of 1.47. The firm has a 50-day moving average of $85.70 and a 200-day moving average of $83.89.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on QTWO. Morgan Stanley boosted their target price on shares of Q2 from $89.00 to $93.00 and gave the company an "equal weight" rating in a research note on Thursday, May 8th. JPMorgan Chase & Co. initiated coverage on shares of Q2 in a research note on Wednesday, June 18th. They set an "overweight" rating and a $115.00 price target on the stock. Wall Street Zen cut shares of Q2 from a "strong-buy" rating to a "buy" rating in a research note on Sunday, June 8th. Needham & Company LLC upped their price target on shares of Q2 from $110.00 to $115.00 and gave the company a "buy" rating in a research note on Thursday, July 31st. Finally, Royal Bank Of Canada upped their price target on shares of Q2 from $101.00 to $102.00 and gave the company a "sector perform" rating in a research note on Thursday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat.com, Q2 presently has an average rating of "Moderate Buy" and a consensus price target of $102.25.

Insiders Place Their Bets

In other news, Director James Offerdahl sold 786 shares of the firm's stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $74.15, for a total transaction of $58,281.90. Following the sale, the director owned 17,792 shares in the company, valued at approximately $1,319,276.80. This trade represents a 4.23% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider John E. Breeden sold 6,105 shares of the firm's stock in a transaction on Monday, August 18th. The shares were sold at an average price of $75.27, for a total transaction of $459,523.35. Following the sale, the insider owned 149,643 shares in the company, valued at approximately $11,263,628.61. This trade represents a 3.92% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 9,485 shares of company stock worth $750,307 in the last three months. 3.00% of the stock is currently owned by corporate insiders.

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.