Perpetual Ltd Raises Position in Q2 Holdings, Inc. (NYSE:QTWO)

Perpetual Ltd lifted its holdings in Q2 Holdings, Inc. (NYSE:QTWO - Free Report) by 4.7% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 787,636 shares of the technology company's stock after purchasing an additional 35,660 shares during the quarter. Perpetual Ltd owned about 1.30% of Q2 worth $63,019,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in QTWO. William Blair Investment Management LLC acquired a new stake in Q2 in the fourth quarter worth about $202,645,000. Conestoga Capital Advisors LLC increased its holdings in shares of Q2 by 1.6% during the first quarter. Conestoga Capital Advisors LLC now owns 1,957,893 shares of the technology company's stock valued at $156,651,000 after acquiring an additional 30,480 shares in the last quarter. Capital Research Global Investors raised its position in shares of Q2 by 11.2% in the 4th quarter. Capital Research Global Investors now owns 1,518,376 shares of the technology company's stock valued at $152,825,000 after purchasing an additional 152,872 shares during the last quarter. Geode Capital Management LLC boosted its stake in Q2 by 2.7% in the 4th quarter. Geode Capital Management LLC now owns 1,389,181 shares of the technology company's stock worth $140,175,000 after purchasing an additional 36,025 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA grew its position in Q2 by 107.9% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,345,741 shares of the technology company's stock worth $135,449,000 after purchasing an additional 698,464 shares during the last quarter.

Insider Activity at Q2

In other news, CRO Michael A. Volanoski sold 1,428 shares of Q2 stock in a transaction dated Thursday, June 12th. The stock was sold at an average price of $88.88, for a total value 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 sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Matthew P. Flake sold 36,023 shares of the business's stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $80.35, for a total value of $2,894,448.05. Following the transaction, the chief executive officer now directly owns 485,666 shares of the company's stock, valued at approximately $39,023,263.10. This represents a 6.91% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 40,014 shares of company stock worth $3,251,601. Corporate insiders own 0.31% of the company's stock.

Q2 Stock Up 2.0%

Shares of NYSE:QTWO opened at $94.88 on Friday. The firm's 50-day moving average is $86.04 and its two-hundred day moving average is $88.24. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.43 and a quick ratio of 1.43. Q2 Holdings, Inc. has a 1 year low of $59.17 and a 1 year high of $112.82. The firm has a market capitalization of $5.91 billion, a PE ratio of -271.07 and a beta of 1.48.

Analyst Ratings Changes

QTWO has been the subject of a number of research analyst reports. Compass Point reaffirmed a "neutral" rating and issued a $60.00 price target on shares of Q2 in a report on Monday, April 7th. The Goldman Sachs Group reduced their target price on Q2 from $119.00 to $106.00 and set a "buy" rating for the company in a research note on Friday, March 28th. Needham & Company LLC lowered their price target on Q2 from $125.00 to $110.00 and set a "buy" rating for the company in a research report on Thursday, May 8th. Cantor Fitzgerald started coverage on Q2 in a report on Tuesday, June 3rd. They issued an "overweight" rating and a $110.00 price objective on the stock. Finally, Morgan Stanley lifted their target price on Q2 from $89.00 to $93.00 and gave the stock an "equal weight" rating in a report on Thursday, May 8th. Eight equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Q2 presently has an average rating of "Moderate Buy" and an average target price of $100.41.

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.

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