Graham Capital Management L.P. Makes New Investment in Q2 Holdings, Inc. $QTWO

Key Points

• Graham Capital Management L.P. has acquired a new position in Q2 Holdings, Inc. worth approximately $692,000, purchasing 8,646 shares during the first quarter.
• Several other investors have also increased their stakes in Q2, with notable increases from firms like Larson Financial Group LLC and TCTC Holdings LLC, raising their holdings significantly.
• Q2 stock opened at $77.33 with a market cap of $4.83 billion and has seen a one-year low of $63.61 and a high of $112.82.

Graham Capital Management L.P. bought a new position in shares of Q2 Holdings, Inc. (NYSE:QTWO - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 8,646 shares of the technology company's stock, valued at approximately $692,000.

A number of other large investors have also recently bought and sold shares of the stock. DRW Securities LLC bought a new position in shares of Q2 during the first quarter valued at $254,000. The Manufacturers Life Insurance Company increased its position in shares of Q2 by 30.5% during the 1st quarter. The Manufacturers Life Insurance Company now owns 565,503 shares of the technology company's stock worth $45,246,000 after purchasing an additional 132,038 shares in the last quarter. WPG Advisers LLC acquired a new stake in shares of Q2 during the 1st quarter worth about $35,000. State of Wyoming lifted its holdings in Q2 by 43.6% during the 1st quarter. State of Wyoming now owns 5,677 shares of the technology company's stock valued at $454,000 after purchasing an additional 1,723 shares during the last quarter. Finally, Next Century Growth Investors LLC boosted its position in Q2 by 7.7% in the first quarter. Next Century Growth Investors LLC now owns 224,703 shares of the technology company's stock valued at $17,978,000 after buying an additional 16,035 shares in the last quarter.

Q2 Price Performance

Shares of NYSE QTWO traded down $1.88 during mid-day trading on Wednesday, hitting $82.27. The company's stock had a trading volume of 1,201,361 shares, compared to its average volume of 871,806. Q2 Holdings, Inc. has a one year low of $63.61 and a one year high of $112.82. The company's fifty day simple moving average is $82.92 and its 200-day simple moving average is $83.03. The stock has a market cap of $5.14 billion, a price-to-earnings ratio of 1,645.67 and a beta of 1.49.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on QTWO. Zacks Research raised shares of Q2 to a "strong-buy" rating in a report on Friday, August 8th. Wall Street Zen cut Q2 from a "strong-buy" rating to a "buy" rating in a report on Sunday, June 8th. JPMorgan Chase & Co. initiated coverage on Q2 in a research report on Wednesday, June 18th. They issued an "overweight" rating and a $115.00 price objective for the company. Needham & Company LLC increased their target price on Q2 from $110.00 to $115.00 and gave the stock a "buy" rating in a report on Thursday, July 31st. Finally, Royal Bank Of Canada lifted their price target on Q2 from $101.00 to $102.00 and gave the company a "sector perform" rating in a report on Thursday, July 31st. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and eight have given a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $102.25.

Insiders Place Their Bets

In related news, Director James Offerdahl sold 786 shares of Q2 stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $74.15, for a total transaction of $58,281.90. Following the completion of the sale, the director directly owned 17,792 shares of the company's stock, valued at $1,319,276.80. The trade was a 4.23% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CRO Michael A. Volanoski sold 1,428 shares of the stock in a transaction dated Thursday, June 12th. The shares were sold at an average price of $88.88, for a total value of $126,920.64. Following the completion of the transaction, the executive directly owned 175,812 shares in the company, valued at $15,626,170.56. The trade was a 0.81% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 8,319 shares of company stock valued at $644,726. Company insiders own 0.31% of the company's stock.

About Q2

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.