Versor Investments LP Acquires 8,688 Shares of Q2 Holdings, Inc. $QTWO

Key Points

• Versor Investments LP has significantly increased its stake in Q2 Holdings, acquiring an additional 8,688 shares and totaling 13,488 shares, making their holdings worth approximately $1,079,000.
• Investment analysts have raised their price targets for Q2 Holdings, with estimates now ranging from $90.00 to $115.00, as multiple firms rate the stock with a consensus of "Moderate Buy."
• In recent insider activity, Q2's CRO and a director sold shares, which reflects ongoing adjustments in institutional ownership, with insiders holding about 3.00% of the stock.

Versor Investments LP grew its stake in Q2 Holdings, Inc. (NYSE:QTWO - Free Report) by 181.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,488 shares of the technology company's stock after buying an additional 8,688 shares during the quarter. Versor Investments LP's holdings in Q2 were worth $1,079,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Invesco Ltd. increased its position in Q2 by 2.3% in the first quarter. Invesco Ltd. now owns 2,675,224 shares of the technology company's stock worth $214,045,000 after buying an additional 60,958 shares in the last quarter. Conestoga Capital Advisors LLC increased its position in Q2 by 1.6% in the first quarter. Conestoga Capital Advisors LLC now owns 1,957,893 shares of the technology company's stock worth $156,651,000 after buying an additional 30,480 shares in the last quarter. Massachusetts Financial Services Co. MA increased its position in Q2 by 28.1% in the first quarter. Massachusetts Financial Services Co. MA now owns 1,724,135 shares of the technology company's stock worth $137,948,000 after buying an additional 378,394 shares in the last quarter. Capital Research Global Investors increased its position in Q2 by 11.2% in the fourth quarter. Capital Research Global Investors now owns 1,518,376 shares of the technology company's stock worth $152,825,000 after buying an additional 152,872 shares in the last quarter. Finally, Jennison Associates LLC increased its position in Q2 by 3.3% in the first quarter. Jennison Associates LLC now owns 1,301,772 shares of the technology company's stock worth $104,155,000 after buying an additional 41,412 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of analysts have commented on QTWO shares. Wall Street Zen cut Q2 from a "strong-buy" rating to a "buy" rating in a research report on Sunday, June 8th. Royal Bank Of Canada upped their price target on Q2 from $101.00 to $102.00 and gave the stock a "sector perform" rating in a research report on Thursday, July 31st. Cantor Fitzgerald initiated coverage on Q2 in a research report on Tuesday, June 3rd. They issued an "overweight" rating and a $110.00 price target for the company. Needham & Company LLC increased their target price on Q2 from $110.00 to $115.00 and gave the stock a "buy" rating in a research report on Thursday, July 31st. Finally, Stifel Nicolaus increased their target price on Q2 from $105.00 to $110.00 and gave the stock a "buy" rating in a research report on Thursday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and eight have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $101.06.

Insider Buying and Selling at Q2

In other Q2 news, Director James Offerdahl sold 786 shares of the firm's 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 $1,319,276.80. This trade represents a 4.23% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CRO Michael A. Volanoski sold 1,428 shares of the firm's stock in a transaction that occurred on Thursday, June 12th. The shares were sold at an average price of $88.88, for a total value of $126,920.64. Following the transaction, the executive owned 175,812 shares of the company's stock, valued at $15,626,170.56. This represents a 0.81% decrease in their position. The disclosure for this sale can be found here. Insiders sold 9,485 shares of company stock worth $750,307 in the last quarter. 0.31% of the stock is owned by corporate insiders.

Q2 Stock Up 5.1%

NYSE QTWO traded up $3.89 during trading on Friday, hitting $79.53. 1,043,098 shares of the stock traded hands, compared to its average volume of 1,048,693. The company has a market capitalization of $4.97 billion, a P/E ratio of 1,590.92 and a beta of 1.47. The firm has a 50-day simple moving average of $86.09 and a 200-day simple moving average of $84.20. Q2 Holdings, Inc. has a 12-month low of $63.61 and a 12-month high of $112.82.

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.