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

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Q2 Holdings, Inc. (NYSE:QTWO - Free Report) by 66.2% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 179,409 shares of the technology company's stock after acquiring an additional 71,440 shares during the period. 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 reporting period.

Several other institutional investors have also made changes to their positions in the business. William Blair Investment Management LLC acquired a new position in Q2 in the fourth quarter valued at approximately $202,645,000. Capital Research Global Investors lifted its holdings in Q2 by 11.2% in the fourth quarter. Capital Research Global Investors now owns 1,518,376 shares of the technology company's stock valued at $152,825,000 after buying an additional 152,872 shares during the period. Geode Capital Management LLC increased its stake in Q2 by 2.7% in the fourth quarter. Geode Capital Management LLC now owns 1,389,181 shares of the technology company's stock valued at $140,175,000 after purchasing an additional 36,025 shares in the last quarter. Massachusetts Financial Services Co. MA increased its stake in Q2 by 107.9% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,345,741 shares of the technology company's stock valued at $135,449,000 after purchasing an additional 698,464 shares in the last quarter. Finally, Ameriprise Financial Inc. increased its stake in Q2 by 105.8% in the fourth quarter. Ameriprise Financial Inc. now owns 1,012,787 shares of the technology company's stock valued at $101,937,000 after purchasing an additional 520,649 shares in the last quarter.

Q2 Stock Performance

Shares of NYSE QTWO traded up $0.81 during mid-day trading on Friday, reaching $87.55. 549,432 shares of the company were exchanged, compared to its average volume of 648,093. The company's 50-day simple moving average is $81.09 and its 200-day simple moving average is $90.18. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.58. The stock has a market capitalization of $5.45 billion, a P/E ratio of -134.69 and a beta of 1.47. Q2 Holdings, Inc. has a twelve month low of $55.97 and a twelve month high of $112.82.

Insider Activity at Q2

In other Q2 news, CFO Jonathan Price sold 42,652 shares of the business's stock in a transaction that occurred on Wednesday, March 12th. The shares were sold at an average price of $74.37, for a total transaction of $3,172,029.24. Following the sale, the chief financial officer now directly owns 209,378 shares of the company's stock, valued at $15,571,441.86. The trade was a 16.92% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director James Offerdahl sold 1,000 shares of the business's stock in a transaction that occurred on Thursday, May 22nd. The stock was sold at an average price of $87.77, for a total transaction of $87,770.00. Following the sale, the director now directly owns 16,241 shares in the company, valued at $1,425,472.57. The trade was a 5.80% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 194,255 shares of company stock valued at $14,890,656. 3.00% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Robert W. Baird upped their target price on shares of Q2 from $84.00 to $90.00 and gave the company a "neutral" rating in a research note on Thursday, May 8th. Needham & Company LLC lowered their target price on shares of Q2 from $125.00 to $110.00 and set a "buy" rating for the company in a research note on Thursday, May 8th. Morgan Stanley upped their target price on shares of Q2 from $89.00 to $93.00 and gave the company an "equal weight" rating in a research note on Thursday, May 8th. Royal Bank of Canada lowered their target price on shares of Q2 from $108.00 to $101.00 and set a "sector perform" rating for the company in a research note on Thursday, May 8th. Finally, The Goldman Sachs Group lowered their price objective on shares of Q2 from $119.00 to $106.00 and set a "buy" rating for the company in a research report on Friday, March 28th. Eight research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $98.80.

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.