Fox Run Management L.L.C. Boosts Stake in Q2 Holdings, Inc. $QTWO

Key Points

• Fox Run Management L.L.C. significantly increased its stake in Q2 Holdings, Inc. by 458.7% during the first quarter, owning 17,118 shares valued at approximately $1.37 million.
• Wall Street analysts have largely positive outlooks on Q2, with recent price target upgrades and an average rating of "Moderate Buy".
• Insider trading activity saw Director James Offerdahl and CRO Michael A. Volanoski sell shares, with a total of 4,380 shares valued at $378,554 sold in the last quarter.

Fox Run Management L.L.C. lifted its stake in shares of Q2 Holdings, Inc. (NYSE:QTWO - Free Report) by 458.7% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 17,118 shares of the technology company's stock after purchasing an additional 14,054 shares during the quarter. Fox Run Management L.L.C.'s holdings in Q2 were worth $1,370,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the business. Versant Capital Management Inc bought a new position in Q2 in the first quarter valued at about $33,000. NewEdge Advisors LLC increased its holdings in Q2 by 269.6% in the fourth quarter. NewEdge Advisors LLC now owns 377 shares of the technology company's stock worth $38,000 after purchasing an additional 275 shares in the last quarter. 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 worth $44,000 after purchasing an additional 526 shares in the last quarter. TCTC Holdings LLC increased its holdings in Q2 by 103.1% in the first quarter. TCTC Holdings LLC now owns 597 shares of the technology company's stock worth $48,000 after purchasing an additional 303 shares in the last quarter. Finally, Transce3nd LLC acquired a new stake in Q2 in the fourth quarter valued at approximately $98,000.

Analyst Ratings Changes

Several research analysts recently issued reports on the company. Robert W. Baird lifted their target price on Q2 from $84.00 to $90.00 and gave the company a "neutral" rating in a research report on Thursday, May 8th. Zacks Research raised Q2 to a "strong-buy" rating in a research report on Friday, August 8th. Raymond James Financial cut their price objective on Q2 from $110.00 to $105.00 and set an "outperform" rating on the stock in a research report on Thursday, May 8th. Needham & Company LLC boosted their price objective on Q2 from $110.00 to $115.00 and gave the stock a "buy" rating in a research report on Thursday, July 31st. Finally, Wall Street Zen lowered Q2 from a "strong-buy" rating to a "buy" rating in a research note on Sunday, June 8th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $101.06.

Q2 Trading Down 1.0%

Shares of QTWO traded down $0.7690 during midday trading on Tuesday, reaching $74.9410. The stock had a trading volume of 351,447 shares, compared to its average volume of 709,383. The company's 50-day moving average is $87.04 and its 200 day moving average is $84.57. Q2 Holdings, Inc. has a 12-month low of $63.61 and a 12-month high of $112.82. The company has a market capitalization of $4.68 billion, a price-to-earnings ratio of 1,501.40 and a beta of 1.47.

Insider Activity at Q2

In other Q2 news, Director James Offerdahl sold 786 shares of the stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $74.15, for a total value of $58,281.90. Following the completion of 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 the SEC website. Also, CRO Michael A. Volanoski sold 1,428 shares of the firm's stock in a transaction that occurred on Thursday, June 12th. The shares were sold at an average price of $88.88, for a total value of $126,920.64. Following the transaction, the executive directly owned 175,812 shares of the company's stock, valued at approximately $15,626,170.56. This trade represents a 0.81% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 4,380 shares of company stock valued at $378,554. Company 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.