UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Acquires 71,440 Shares of Q2 Holdings, Inc. (NYSE:QTWO)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Q2 Holdings, Inc. (NYSE:QTWO - Free Report) by 66.2% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 179,409 shares of the technology company's stock after purchasing an additional 71,440 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.30% of Q2 worth $18,058,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Voloridge Investment Management LLC purchased a new position in Q2 during the fourth quarter valued at approximately $530,000. Squarepoint Ops LLC grew its position in Q2 by 2,959.4% in the fourth quarter. Squarepoint Ops LLC now owns 116,991 shares of the technology company's stock worth $11,775,000 after acquiring an additional 113,167 shares in the last quarter. Two Sigma Advisers LP bought a new position in shares of Q2 during the 4th quarter valued at about $654,000. Tidal Investments LLC grew its position in Q2 by 1,909.2% during the fourth quarter. Tidal Investments LLC now owns 213,899 shares of the technology company's stock valued at $21,529,000 after acquiring an additional 203,253 shares during the last quarter. Finally, Royal Bank of Canada lifted its holdings in shares of Q2 by 17.3% in the 4th quarter. Royal Bank of Canada now owns 623,139 shares of the technology company's stock worth $62,719,000 after acquiring an additional 91,820 shares during the last quarter.

Wall Street Analyst Weigh In

Several equities analysts recently commented on QTWO shares. Robert W. Baird increased their target price on shares of Q2 from $84.00 to $90.00 and gave the company a "neutral" rating in a report on Thursday, May 8th. Compass Point restated a "neutral" rating and set a $60.00 price target on shares of Q2 in a research report on Monday, April 7th. Truist Financial reiterated a "buy" rating and issued a $110.00 price objective (up previously from $100.00) on shares of Q2 in a report on Thursday, February 13th. Morgan Stanley boosted their target price on Q2 from $89.00 to $93.00 and gave the company an "equal weight" rating in a research note on Thursday, May 8th. Finally, Stephens restated an "overweight" rating and set a $115.00 target price on shares of Q2 in a report on Thursday, February 13th. Eight analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, Q2 currently has a consensus rating of "Moderate Buy" and an average target price of $98.80.

Q2 Trading Up 0.1%

Shares of QTWO traded up $0.07 during mid-day trading on Monday, hitting $87.59. 535,672 shares of the company's stock traded hands, compared to its average volume of 646,646. The business's 50-day moving average price is $81.25 and its 200-day moving average price is $89.87. Q2 Holdings, Inc. has a 1 year low of $55.97 and a 1 year high of $112.82. The firm has a market capitalization of $5.46 billion, a P/E ratio of -134.75 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.

Insider Buying and Selling at Q2

In related news, Director James Offerdahl sold 1,000 shares of the company's stock in a transaction on Thursday, May 22nd. The stock was sold at an average price of $87.77, for a total value of $87,770.00. Following the sale, the director now directly 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 document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Matthew P. Flake sold 56,799 shares of the stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $78.28, for a total value of $4,446,225.72. Following the completion of the transaction, the chief executive officer now owns 453,849 shares of the company's stock, valued at approximately $35,527,299.72. This trade represents a 11.12% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 194,255 shares of company stock valued at $14,890,656. 0.31% of the stock is currently owned by company insiders.

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.