Invst LLC Makes New Investment in Q2 Holdings, Inc. (NYSE:QTWO)

Invst LLC purchased a new position in shares of Q2 Holdings, Inc. (NYSE:QTWO - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 4,120 shares of the technology company's stock, valued at approximately $415,000.

Several other institutional investors have also made changes to their positions in QTWO. Proficio Capital Partners LLC acquired a new position in Q2 during the fourth quarter valued at approximately $29,000. SBI Securities Co. Ltd. acquired a new position in shares of Q2 in the 4th quarter valued at $30,000. TCTC Holdings LLC bought a new position in Q2 during the fourth quarter worth about $30,000. Ameliora Wealth Management Ltd. acquired a new stake in Q2 during the fourth quarter valued at approximately $32,000. Finally, NewEdge Advisors LLC grew its stake in shares of Q2 by 269.6% in the 4th quarter. NewEdge Advisors LLC now owns 377 shares of the technology company's stock valued at $38,000 after purchasing an additional 275 shares during the period.

Insider Transactions at Q2

In other news, Director James Offerdahl sold 1,000 shares of the stock in a transaction on Thursday, May 22nd. The shares were sold at an average price of $87.77, for a total transaction of $87,770.00. Following the completion of the sale, the director now owns 16,241 shares of the company's stock, valued at $1,425,472.57. This represents a 5.80% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, General Counsel Michael S. Kerr sold 397 shares of the firm's stock in a transaction on Wednesday, May 14th. The stock was sold at an average price of $92.90, for a total transaction of $36,881.30. Following the sale, the general counsel now 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 disclosure for this sale can be found here. In the last ninety days, insiders sold 194,255 shares of company stock worth $14,890,656. 3.00% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of brokerages have weighed in on QTWO. Robert W. Baird upped their price target on Q2 from $84.00 to $90.00 and gave the company a "neutral" rating in a research report on Thursday, May 8th. Citigroup increased their target price on shares of Q2 from $96.00 to $100.00 and gave the stock a "neutral" rating in a research report on Thursday, February 13th. Morgan Stanley upped their price objective on shares of Q2 from $89.00 to $93.00 and gave the stock an "equal weight" rating in a research note on Thursday, May 8th. Stephens reaffirmed an "overweight" rating and set a $115.00 price objective on shares of Q2 in a report on Thursday, February 13th. Finally, Royal Bank of Canada reduced their target price on Q2 from $108.00 to $101.00 and set a "sector perform" rating on the stock in a report on Thursday, May 8th. Eight analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, Q2 presently has an average rating of "Moderate Buy" and an average price target of $98.80.

Q2 Trading Down 0.3%

Shares of Q2 stock traded down $0.25 during trading on Friday, reaching $86.50. 114,715 shares of the company were exchanged, compared to its average volume of 645,715. The business has a 50-day moving average price of $81.01 and a 200-day moving average price of $90.28. The firm has a market capitalization of $5.39 billion, a price-to-earnings ratio of -133.08 and a beta of 1.47. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.58. Q2 Holdings, Inc. has a twelve month low of $55.97 and a twelve month high of $112.82.

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.