Squarepoint Ops LLC Boosts Position in Q2 Holdings, Inc. (NYSE:QTWO)

Squarepoint Ops LLC raised its holdings in shares of Q2 Holdings, Inc. (NYSE:QTWO - Free Report) by 2,959.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 116,991 shares of the technology company's stock after acquiring an additional 113,167 shares during the period. Squarepoint Ops LLC owned approximately 0.19% of Q2 worth $11,775,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of QTWO. Janney Montgomery Scott LLC acquired a new stake in Q2 during the fourth quarter worth about $288,000. Charles Schwab Investment Management Inc. boosted its position in Q2 by 2.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 507,065 shares of the technology company's stock worth $51,036,000 after purchasing an additional 10,636 shares in the last quarter. Dakota Wealth Management grew its stake in shares of Q2 by 189.8% during the 4th quarter. Dakota Wealth Management now owns 16,030 shares of the technology company's stock worth $1,613,000 after purchasing an additional 10,498 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of Q2 during the 4th quarter worth approximately $18,271,000. Finally, Inspire Investing LLC lifted its stake in shares of Q2 by 103.7% in the 4th quarter. Inspire Investing LLC now owns 13,032 shares of the technology company's stock valued at $1,312,000 after purchasing an additional 6,633 shares during the period.

Insider Buying and Selling at Q2

In related news, insider Kimberly Anne Rutledge sold 6,656 shares of the stock in a transaction that occurred on Wednesday, March 12th. The stock was sold at an average price of $74.12, for a total value of $493,342.72. Following the completion of the sale, the insider now owns 113,278 shares of the company's stock, valued at approximately $8,396,165.36. This trade represents a 5.55% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Matthew P. Flake sold 56,799 shares of Q2 stock in a transaction that occurred 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 transaction, the chief executive officer now owns 453,849 shares in the company, valued at approximately $35,527,299.72. The trade was a 11.12% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 194,255 shares of company stock worth $14,890,846. Corporate insiders own 0.31% of the company's stock.

Analyst Ratings Changes

Several analysts recently commented on the stock. Morgan Stanley raised their price target on shares of Q2 from $89.00 to $93.00 and gave the company an "equal weight" rating in a research report on Thursday, May 8th. The Goldman Sachs Group dropped their target price on Q2 from $119.00 to $106.00 and set a "buy" rating on the stock in a research report on Friday, March 28th. Stifel Nicolaus upped their price target on Q2 from $100.00 to $105.00 and gave the stock a "buy" rating in a report on Thursday, May 8th. Robert W. Baird increased their price target on Q2 from $84.00 to $90.00 and gave the stock a "neutral" rating in a research report on Thursday, May 8th. Finally, Citigroup boosted their price objective on Q2 from $96.00 to $100.00 and gave the company a "neutral" rating in a research report on Thursday, February 13th. Eight equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, Q2 has a consensus rating of "Moderate Buy" and a consensus price target of $98.80.

Q2 Stock Performance

Shares of NYSE:QTWO opened at $87.41 on Friday. The business's 50 day moving average price is $80.27 and its 200-day moving average price is $90.51. Q2 Holdings, Inc. has a 1 year low of $55.97 and a 1 year high of $112.82. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.40 and a quick ratio of 1.40. The firm has a market capitalization of $5.45 billion, a PE ratio of -134.48 and a beta of 1.47.

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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