Invst LLC Purchases 3,861 Shares of Q2 Holdings, Inc. $QTWO

Key Points

• Invst LLC increased its holdings in Q2 Holdings, Inc. by 93.7% during the first quarter, owning 7,981 shares valued at $639,000.
• Multiple hedge funds have made significant changes to their positions in Q2, with Larson Financial Group raising its holdings by 2,630.0% during the same period.
• Analyst ratings for Q2 range from "Strong Buy" to "Hold," reflecting a consensus price target of $102.25.

Invst LLC lifted its position in Q2 Holdings, Inc. (NYSE:QTWO - Free Report) by 93.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,981 shares of the technology company's stock after buying an additional 3,861 shares during the quarter. Invst LLC's holdings in Q2 were worth $639,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Rhumbline Advisers lifted its stake in Q2 by 6.9% in the first quarter. Rhumbline Advisers now owns 87,324 shares of the technology company's stock valued at $6,987,000 after acquiring an additional 5,672 shares during the last quarter. Strs Ohio acquired a new stake in Q2 in the 1st quarter valued at about $4,329,000. Intech Investment Management LLC grew its holdings in Q2 by 67.0% during the first quarter. Intech Investment Management LLC now owns 34,561 shares of the technology company's stock worth $2,765,000 after purchasing an additional 13,866 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in Q2 by 3.9% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 186,318 shares of the technology company's stock worth $14,907,000 after buying an additional 6,909 shares during the last quarter. Finally, Goldman Sachs Group Inc. raised its stake in Q2 by 21.6% in the first quarter. Goldman Sachs Group Inc. now owns 537,717 shares of the technology company's stock valued at $43,023,000 after buying an additional 95,440 shares during the period.

Analysts Set New Price Targets

QTWO has been the topic of several research reports. Needham & Company LLC upped their price objective on shares of Q2 from $110.00 to $115.00 and gave the company a "buy" rating in a report on Thursday, July 31st. Cantor Fitzgerald initiated coverage on shares of Q2 in a research report on Tuesday, June 3rd. They set an "overweight" rating and a $110.00 price objective for the company. Royal Bank Of Canada upped their target price on Q2 from $101.00 to $102.00 and gave the company a "sector perform" rating in a research report on Thursday, July 31st. Wall Street Zen cut Q2 from a "strong-buy" rating to a "buy" rating in a report on Sunday, June 8th. Finally, Zacks Research raised Q2 to a "strong-buy" rating in a report on Friday, August 8th. One investment 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 company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $102.25.

Insider Transactions at Q2

In related news, General Counsel Michael S. Kerr sold 967 shares of the company's stock in a transaction on Monday, September 15th. The stock was sold at an average price of $82.60, for a total transaction of $79,874.20. Following the completion of the sale, the general counsel directly owned 56,228 shares in the company, valued at $4,644,432.80. This represents a 1.69% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider John E. Breeden sold 6,105 shares of Q2 stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $75.27, for a total value of $459,523.35. Following the completion of the transaction, the insider owned 149,643 shares in the company, valued at approximately $11,263,628.61. This represents a 3.92% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 8,499 shares of company stock valued at $650,658. Corporate insiders own 0.31% of the company's stock.

Q2 Stock Performance

Shares of Q2 stock traded up $1.16 on Thursday, reaching $84.15. 554,043 shares of the stock were exchanged, compared to its average volume of 741,818. The firm has a market cap of $5.25 billion, a PE ratio of 1,684.12 and a beta of 1.49. The firm's 50 day moving average is $81.82 and its 200-day moving average is $82.91. Q2 Holdings, Inc. has a one year low of $63.61 and a one year high of $112.82.

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.