Two Sigma Advisers LP Takes Position in Q2 Holdings, Inc. (NYSE:QTWO)

Two Sigma Advisers LP acquired a new stake in shares of Q2 Holdings, Inc. (NYSE:QTWO - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 6,500 shares of the technology company's stock, valued at approximately $654,000.

Other institutional investors also recently made changes to their positions in the company. Janney Montgomery Scott LLC purchased a new stake in Q2 during the 4th quarter worth $288,000. Charles Schwab Investment Management Inc. boosted its position in Q2 by 2.1% during 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 during the period. Raymond James Financial Inc. acquired a new position in Q2 in the 4th quarter worth $18,271,000. SBI Securities Co. Ltd. acquired a new position in Q2 in the 4th quarter worth $30,000. Finally, Entropy Technologies LP acquired a new position in Q2 in the 4th quarter worth $872,000.

Q2 Stock Performance

QTWO traded up $1.40 on Friday, hitting $91.38. 409,820 shares of the company's stock were exchanged, compared to its average volume of 646,534. The firm has a market cap of $5.69 billion, a PE ratio of -140.58 and a beta of 1.48. Q2 Holdings, Inc. has a twelve month low of $55.97 and a twelve month high of $112.82. The stock has a fifty day moving average of $81.96 and a two-hundred day moving average of $89.76. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.58.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on QTWO shares. Compass Point reiterated a "neutral" rating and issued a $60.00 price objective on shares of Q2 in a report on Monday, April 7th. Raymond James cut their price objective on shares of Q2 from $110.00 to $105.00 and set an "outperform" rating on the stock in a report on Thursday, May 8th. Citigroup boosted their price objective on shares of Q2 from $96.00 to $100.00 and gave the stock a "neutral" rating in a report on Thursday, February 13th. Stifel Nicolaus boosted their price objective on shares of Q2 from $100.00 to $105.00 and gave the stock a "buy" rating in a report on Thursday, May 8th. Finally, Royal Bank of Canada cut their target price on shares of Q2 from $108.00 to $101.00 and set a "sector perform" rating on the stock in a research note on Thursday, May 8th. Eight investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $99.50.

Insider Buying and Selling

In other Q2 news, CEO Matthew P. Flake sold 35,723 shares of the firm's stock in a transaction that occurred on Wednesday, March 12th. The shares were sold at an average price of $74.12, for a total value of $2,647,788.76. Following the sale, the chief executive officer now owns 578,714 shares in the company, valued at approximately $42,894,281.68. This trade represents a 5.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Jonathan Price sold 42,652 shares of the firm's stock in a transaction that occurred on Wednesday, March 12th. The shares were sold at an average price of $74.37, for a total transaction of $3,172,029.24. Following the completion of the sale, the chief financial officer now owns 209,378 shares in the company, valued at $15,571,441.86. The trade was a 16.92% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 137,456 shares of company stock worth $10,444,431 over the last quarter. 0.31% of the stock is 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.