Q2 Holdings, Inc. (NYSE:QTWO) Shares Bought by Squarepoint Ops LLC

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 Form 13F filing with the Securities and Exchange Commission. The fund owned 116,991 shares of the technology company's stock after purchasing an additional 113,167 shares during the quarter. Squarepoint Ops LLC owned 0.19% of Q2 worth $11,775,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Highland Capital Management LLC raised its holdings in shares of Q2 by 6.6% in the fourth quarter. Highland Capital Management LLC now owns 2,775 shares of the technology company's stock valued at $279,000 after acquiring an additional 172 shares in the last quarter. Arizona State Retirement System raised its holdings in shares of Q2 by 1.1% in the fourth 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 in the last quarter. Summit Investment Advisors Inc. raised its holdings in shares of 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 acquiring an additional 195 shares in the last quarter. Moran Wealth Management LLC raised its holdings in shares of 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 acquiring an additional 215 shares in the last quarter. Finally, NewEdge Advisors LLC raised its holdings in shares of Q2 by 269.6% in the fourth quarter. NewEdge Advisors LLC now owns 377 shares of the technology company's stock valued at $38,000 after acquiring an additional 275 shares in the last quarter.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Stephens restated an "overweight" rating and issued a $115.00 price objective on shares of Q2 in a report on Thursday, February 13th. Needham & Company LLC reduced their target price on shares of Q2 from $125.00 to $110.00 and set a "buy" rating for the company in a report on Thursday, May 8th. Truist Financial reiterated a "buy" rating and issued a $110.00 target price (up from $100.00) on shares of Q2 in a report on Thursday, February 13th. Royal Bank of Canada reduced their target price on shares of Q2 from $108.00 to $101.00 and set a "sector perform" rating for the company in a report on Thursday, May 8th. Finally, Robert W. Baird boosted their target price on shares of Q2 from $84.00 to $90.00 and gave the stock a "neutral" rating in a report on Thursday, May 8th. Eight investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, Q2 has an average rating of "Moderate Buy" and a consensus target price of $98.80.

Q2 Stock Performance

NYSE:QTWO traded down $1.09 during trading hours on Wednesday, reaching $87.50. The company had a trading volume of 63,039 shares, compared to its average volume of 646,601. Q2 Holdings, Inc. has a 1-year low of $55.97 and a 1-year high of $112.82. The firm has a market cap of $5.45 billion, a PE ratio of -134.60 and a beta of 1.47. The business's 50 day moving average price is $80.84 and its 200-day moving average price is $90.30. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.40 and a quick ratio of 1.40.

Insider Transactions at Q2

In related news, General Counsel Michael S. Kerr sold 397 shares of the stock in a transaction on Wednesday, May 14th. The stock was sold at an average price of $92.90, for a total value of $36,881.30. Following the completion of the transaction, 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Kimberly Anne Rutledge sold 6,656 shares of the company's stock in a transaction on Wednesday, March 12th. The shares were 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. The trade was a 5.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 194,255 shares of company stock valued at $14,890,656 in the last three months. 3.00% of the stock is currently owned by company insiders.

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.