GAMMA Investing LLC Raises Stake in Q2 Holdings, Inc. (NYSE:QTWO)

GAMMA Investing LLC boosted its position in Q2 Holdings, Inc. (NYSE:QTWO - Free Report) by 10,149.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 28,084 shares of the technology company's stock after purchasing an additional 27,810 shares during the period. GAMMA Investing LLC's holdings in Q2 were worth $2,247,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in QTWO. Arizona State Retirement System lifted its stake in shares of Q2 by 1.1% in the fourth quarter. Arizona State Retirement System now owns 17,495 shares of the technology company's stock valued at $1,761,000 after purchasing an additional 190 shares during the period. Summit Investment Advisors Inc. increased its holdings in Q2 by 3.3% in the fourth quarter. Summit Investment Advisors Inc. now owns 6,156 shares of the technology company's stock valued at $620,000 after buying an additional 195 shares in the last quarter. Moran Wealth Management LLC lifted its position in shares of Q2 by 2.7% during the 4th quarter. Moran Wealth Management LLC now owns 8,115 shares of the technology company's stock valued at $817,000 after acquiring an additional 215 shares during the period. NewEdge Advisors LLC boosted its stake in shares of Q2 by 269.6% during the 4th quarter. NewEdge Advisors LLC now owns 377 shares of the technology company's stock worth $38,000 after acquiring an additional 275 shares in the last quarter. Finally, TCTC Holdings LLC purchased a new stake in shares of Q2 during the 4th quarter worth approximately $30,000.

Insider Activity

In related news, General Counsel Michael S. Kerr sold 397 shares of the business's stock in a transaction that occurred 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 now directly owns 58,441 shares in the company, valued at approximately $5,429,168.90. The trade was a 0.67% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CRO Michael A. Volanoski sold 1,428 shares of Q2 stock in a transaction on Thursday, June 12th. The shares were sold at an average price of $88.88, for a total transaction of $126,920.64. Following the completion of the transaction, the executive now owns 175,812 shares in the company, 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. Insiders sold a total of 40,014 shares of company stock valued at $3,251,601 in the last 90 days. 3.00% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several brokerages recently issued reports on QTWO. Needham & Company LLC reduced their price objective on Q2 from $125.00 to $110.00 and set a "buy" rating for the company in a report on Thursday, May 8th. Cantor Fitzgerald assumed coverage on Q2 in a research report on Tuesday, June 3rd. They issued an "overweight" rating and a $110.00 price target for the company. Royal Bank Of Canada decreased their price objective on shares of Q2 from $108.00 to $101.00 and set a "sector perform" rating on the stock in a research report on Thursday, May 8th. Compass Point reissued a "neutral" rating and issued a $60.00 price objective on shares of Q2 in a research note on Monday, April 7th. Finally, Wall Street Zen cut shares of Q2 from a "strong-buy" rating to a "buy" rating in a research report on Sunday, June 8th. Eight research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, Q2 currently has a consensus rating of "Moderate Buy" and a consensus target price of $99.50.

Q2 Trading Down 2.2%

QTWO stock traded down $1.92 during midday trading on Tuesday, hitting $85.93. The stock had a trading volume of 310,939 shares, compared to its average volume of 642,369. The company's 50-day moving average price is $84.11 and its 200 day moving average price is $88.84. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.43 and a quick ratio of 1.43. The firm has a market cap of $5.35 billion, a PE ratio of -245.52 and a beta of 1.48. Q2 Holdings, Inc. has a 12-month low of $55.97 and a 12-month high of $112.82.

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.