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

Several other large investors have also added to or reduced their stakes in QTWO. Invesco Ltd. lifted its holdings in shares of Q2 by 2.3% during the first quarter. Invesco Ltd. now owns 2,675,224 shares of the technology company's stock worth $214,045,000 after purchasing an additional 60,958 shares during the period. Conestoga Capital Advisors LLC increased its holdings in Q2 by 1.6% in the 1st 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 during the period. Massachusetts Financial Services Co. MA raised its position in Q2 by 28.1% during the 1st 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 during the last quarter. Capital Research Global Investors lifted its stake in Q2 by 11.2% during the 4th quarter. Capital Research Global Investors now owns 1,518,376 shares of the technology company's stock valued at $152,825,000 after acquiring an additional 152,872 shares during the period. Finally, Jennison Associates LLC boosted its holdings in shares of Q2 by 3.3% in the 1st quarter. Jennison Associates LLC now owns 1,301,772 shares of the technology company's stock valued at $104,155,000 after acquiring an additional 41,412 shares during the last quarter.

Insider Buying and Selling

In related news, Director James Offerdahl sold 786 shares of the company's stock in a transaction dated Tuesday, August 12th. The shares were 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 represents a 4.23% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CRO Michael A. Volanoski sold 1,428 shares of the firm's stock in a transaction dated Thursday, June 12th. The shares were sold at an average price of $88.88, for a total transaction of $126,920.64. Following the completion of the transaction, the executive directly owned 175,812 shares in the company, valued at $15,626,170.56. This represents a 0.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 10,485 shares of company stock valued at $838,077. 0.31% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on QTWO shares. Zacks Research upgraded shares of Q2 to a "strong-buy" rating in a research note on Friday, August 8th. Cantor Fitzgerald assumed coverage on shares of Q2 in a report on Tuesday, June 3rd. They issued an "overweight" rating and a $110.00 price target on the stock. Morgan Stanley increased their price target on Q2 from $89.00 to $93.00 and gave the stock an "equal weight" rating in a research report on Thursday, May 8th. Royal Bank Of Canada boosted their price objective on Q2 from $101.00 to $102.00 and gave the company a "sector perform" rating in a report on Thursday, July 31st. Finally, Robert W. Baird upped their target price on Q2 from $84.00 to $90.00 and gave the stock a "neutral" rating in a research note on Thursday, May 8th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and eight have given a Hold rating to the company's stock. Based on data from MarketBeat, Q2 currently has an average rating of "Moderate Buy" and a consensus price target of $101.06.

Q2 Stock Up 0.1%

Shares of QTWO stock traded up $0.06 during trading hours on Wednesday, hitting $75.41. 590,740 shares of the company's stock were exchanged, compared to its average volume of 1,020,673. Q2 Holdings, Inc. has a fifty-two week low of $63.61 and a fifty-two week high of $112.82. The firm has a market cap of $4.71 billion, a P/E ratio of 1,508.50 and a beta of 1.47. The firm has a 50 day moving average of $86.46 and a two-hundred day moving average of $84.44.

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.