Q2 Holdings, Inc. (NYSE:QTWO) Shares Acquired by Conestoga Capital Advisors LLC

Conestoga Capital Advisors LLC increased its position in Q2 Holdings, Inc. (NYSE:QTWO - Free Report) by 1.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,957,893 shares of the technology company's stock after buying an additional 30,480 shares during the quarter. Q2 comprises about 2.4% of Conestoga Capital Advisors LLC's investment portfolio, making the stock its 16th biggest position. Conestoga Capital Advisors LLC owned 3.22% of Q2 worth $156,651,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in QTWO. Arizona State Retirement System raised its stake in shares of Q2 by 1.1% in the 4th quarter. Arizona State Retirement System now owns 17,495 shares of the technology company's stock valued at $1,761,000 after acquiring an additional 190 shares during the period. Summit Investment Advisors Inc. raised its position in Q2 by 3.3% in the fourth quarter. Summit Investment Advisors Inc. now owns 6,156 shares of the technology company's stock valued at $620,000 after purchasing an additional 195 shares during the period. Moran Wealth Management LLC raised its position in Q2 by 2.7% in the fourth quarter. Moran Wealth Management LLC now owns 8,115 shares of the technology company's stock valued at $817,000 after purchasing an additional 215 shares during the period. Summit Global Investments lifted its stake in shares of Q2 by 2.6% during the first quarter. Summit Global Investments now owns 9,902 shares of the technology company's stock worth $792,000 after purchasing an additional 255 shares in the last quarter. Finally, NewEdge Advisors LLC boosted its position in shares of Q2 by 269.6% in the fourth quarter. NewEdge Advisors LLC now owns 377 shares of the technology company's stock worth $38,000 after buying an additional 275 shares during the period.

Q2 Stock Down 0.4%

Shares of QTWO traded down $0.36 during midday trading on Friday, hitting $88.59. The company had a trading volume of 1,040,685 shares, compared to its average volume of 690,923. The stock has a market cap of $5.52 billion, a price-to-earnings ratio of -253.11 and a beta of 1.48. The company's 50 day moving average price is $84.68 and its 200 day moving average price is $88.72. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 0.55. Q2 Holdings, Inc. has a 52 week low of $55.97 and a 52 week high of $112.82.

Insider Buying and Selling

In other Q2 news, General Counsel Michael S. Kerr sold 397 shares of the stock in a transaction on Wednesday, May 14th. The shares were sold at an average price of $92.90, for a total transaction of $36,881.30. Following the sale, the general counsel now directly owns 58,441 shares of the company's stock, valued at approximately $5,429,168.90. This represents a 0.67% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CRO Michael A. Volanoski sold 1,428 shares of the firm's stock in a transaction dated Thursday, June 12th. The stock was sold at an average price of $88.88, for a total transaction 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. The trade was a 0.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 40,014 shares of company stock worth $3,251,601. Corporate insiders own 0.31% of the company's stock.

Wall Street Analysts Forecast Growth

QTWO has been the topic of several analyst reports. Robert W. Baird raised their target price on Q2 from $84.00 to $90.00 and gave the company a "neutral" rating in a report on Thursday, May 8th. Wall Street Zen downgraded shares of Q2 from a "strong-buy" rating to a "buy" rating in a research report on Sunday, June 8th. JPMorgan Chase & Co. assumed coverage on shares of Q2 in a research note on Wednesday. They set an "overweight" rating and a $115.00 price objective on the stock. Compass Point reissued a "neutral" rating and set a $60.00 target price on shares of Q2 in a research report on Monday, April 7th. Finally, The Goldman Sachs Group lowered their price target on shares of Q2 from $119.00 to $106.00 and set a "buy" rating for the company in a report on Friday, March 28th. Eight analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $100.41.

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.