Q2 Holdings, Inc. $QTWO Shares Bought by Invst LLC

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

Other hedge funds also recently made changes to their positions in the company. Versant Capital Management Inc bought a new stake in shares of Q2 during the first quarter valued at approximately $33,000. WPG Advisers LLC bought a new stake in shares of Q2 during the first quarter valued at approximately $35,000. Larson Financial Group LLC raised its holdings in shares of Q2 by 2,630.0% during the first quarter. Larson Financial Group LLC now owns 546 shares of the technology company's stock valued at $44,000 after buying an additional 526 shares during the last quarter. TCTC Holdings LLC raised its holdings in shares of Q2 by 103.1% during the first quarter. TCTC Holdings LLC now owns 597 shares of the technology company's stock valued at $48,000 after buying an additional 303 shares during the last quarter. Finally, SVB Wealth LLC bought a new stake in shares of Q2 during the first quarter valued at approximately $58,000.

Q2 Price Performance

Shares of NYSE:QTWO opened at $82.23 on Friday. Q2 Holdings, Inc. has a 12 month low of $63.61 and a 12 month high of $112.82. The stock has a market cap of $5.13 billion, a price-to-earnings ratio of 1,644.93 and a beta of 1.49. The stock's 50 day moving average price is $82.51 and its 200 day moving average price is $82.99.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. JPMorgan Chase & Co. assumed coverage on Q2 in a report on Wednesday, June 18th. They set an "overweight" rating and a $115.00 price target on the stock. Needham & Company LLC lifted their price target on Q2 from $110.00 to $115.00 and gave the company a "buy" rating in a report on Thursday, July 31st. Royal Bank Of Canada boosted their target price on Q2 from $101.00 to $102.00 and gave the stock a "sector perform" rating in a report on Thursday, July 31st. Cantor Fitzgerald assumed coverage on Q2 in a report on Tuesday, June 3rd. They set an "overweight" rating and a $110.00 target price on the stock. Finally, Stifel Nicolaus boosted their target price on Q2 from $105.00 to $110.00 and gave the stock a "buy" rating in a report on Thursday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $102.25.

Insider Activity at Q2

In other Q2 news, insider John E. Breeden sold 6,105 shares of Q2 stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $75.27, for a total value of $459,523.35. Following the transaction, the insider owned 149,643 shares in the company, valued at approximately $11,263,628.61. The trade was a 3.92% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director James Offerdahl sold 786 shares of Q2 stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $74.15, for a total transaction of $58,281.90. Following the completion of the transaction, the director owned 17,792 shares in the company, valued at approximately $1,319,276.80. This trade represents a 4.23% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.31% of the company's stock.

About Q2

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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