Jump Financial LLC Takes Position in Q2 Holdings, Inc. $QTWO

Key Points

• Jump Financial LLC acquired a new stake in Q2 Holdings, Inc. ($QTWO), purchasing 134,212 shares valued at approximately $10.7 million during the first quarter.
• Various other investors also increased their positions in Q2 holdings, highlighting a growing interest in the company's stock.
• Analysts have adjusted their target prices for Q2, with Morgan Stanley raising it to $93, indicating a positive outlook despite some ratings being adjusted downwards.

Jump Financial LLC bought a new position in Q2 Holdings, Inc. (NYSE:QTWO - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 134,212 shares of the technology company's stock, valued at approximately $10,738,000. Jump Financial LLC owned about 0.22% of Q2 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also bought and sold shares of the company. Rhumbline Advisers raised its holdings in Q2 by 6.9% in the first quarter. Rhumbline Advisers now owns 87,324 shares of the technology company's stock worth $6,987,000 after buying an additional 5,672 shares during the last quarter. Public Employees Retirement System of Ohio purchased a new position in Q2 in the fourth quarter worth about $140,000. Mariner LLC raised its holdings in Q2 by 36.2% in the fourth quarter. Mariner LLC now owns 3,644 shares of the technology company's stock worth $367,000 after buying an additional 968 shares during the last quarter. SG Americas Securities LLC raised its holdings in Q2 by 377.9% in the first quarter. SG Americas Securities LLC now owns 12,214 shares of the technology company's stock worth $977,000 after buying an additional 9,658 shares during the last quarter. Finally, Johnson Financial Group Inc. purchased a new position in Q2 in the fourth quarter worth about $102,000.

Q2 Trading Up 0.9%

Shares of NYSE:QTWO traded up $0.73 during midday trading on Thursday, reaching $78.88. 559,336 shares of the company were exchanged, compared to its average volume of 713,446. The business's fifty day moving average is $85.48 and its two-hundred day moving average is $83.85. Q2 Holdings, Inc. has a one year low of $63.61 and a one year high of $112.82. The stock has a market cap of $4.93 billion, a PE ratio of 1,577.84 and a beta of 1.47.

Insider Activity at Q2

In other news, Director James Offerdahl sold 786 shares of the stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $74.15, for a total value of $58,281.90. Following the sale, the director owned 17,792 shares of the company's stock, valued at approximately $1,319,276.80. This represents a 4.23% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CRO Michael A. Volanoski sold 1,428 shares of the 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 sale, the executive directly owned 175,812 shares in the company, valued at approximately $15,626,170.56. This represents a 0.81% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 9,485 shares of company stock valued at $750,307 over the last 90 days. 0.31% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. JPMorgan Chase & Co. assumed coverage on shares of Q2 in a report on Wednesday, June 18th. They set an "overweight" rating and a $115.00 price objective for the company. Stifel Nicolaus boosted their price objective on shares of Q2 from $105.00 to $110.00 and gave the company a "buy" rating in a report on Thursday, July 31st. Cantor Fitzgerald assumed coverage on shares of Q2 in a report on Tuesday, June 3rd. They set an "overweight" rating and a $110.00 price objective for the company. Zacks Research raised shares of Q2 to a "strong-buy" rating in a report on Friday, August 8th. Finally, Robert W. Baird boosted their price objective on shares of Q2 from $84.00 to $90.00 and gave the company a "neutral" rating in a report on Thursday, May 8th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $102.25.

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.