Voloridge Investment Management LLC purchased a new stake in shares of Q2 Holdings, Inc. (NYSE:QTWO - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 5,261 shares of the technology company's stock, valued at approximately $530,000.
Other large investors have also added to or reduced their stakes in the company. Barclays PLC lifted its stake in shares of Q2 by 104.0% in the 3rd quarter. Barclays PLC now owns 163,138 shares of the technology company's stock valued at $13,012,000 after acquiring an additional 83,181 shares during the last quarter. Janney Montgomery Scott LLC bought a new stake in Q2 during the 4th quarter valued at approximately $288,000. KBC Group NV boosted its position in shares of Q2 by 44.8% in the 4th quarter. KBC Group NV now owns 2,622 shares of the technology company's stock worth $264,000 after purchasing an additional 811 shares in the last quarter. Highland Capital Management LLC boosted its position in shares of Q2 by 6.6% in the 4th quarter. Highland Capital Management LLC now owns 2,775 shares of the technology company's stock worth $279,000 after purchasing an additional 172 shares in the last quarter. Finally, Heck Capital Advisors LLC bought a new stake in shares of Q2 in the 4th quarter worth approximately $191,000.
Q2 Price Performance
QTWO traded up $1.90 on Tuesday, reaching $89.54. 557,189 shares of the company's stock were exchanged, compared to its average volume of 647,382. The stock has a market cap of $5.58 billion, a PE ratio of -137.75 and a beta of 1.47. Q2 Holdings, Inc. has a twelve month low of $55.97 and a twelve month high of $112.82. The stock's fifty day moving average price is $81.39 and its 200-day moving average price is $89.87. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.40 and a quick ratio of 1.40.
Analyst Ratings Changes
A number of brokerages recently weighed in on QTWO. Robert W. Baird boosted their price objective on shares of Q2 from $84.00 to $90.00 and gave the stock a "neutral" rating in a report on Thursday, May 8th. Truist Financial reissued a "buy" rating and set a $110.00 price objective (up previously from $100.00) on shares of Q2 in a research report on Thursday, February 13th. Compass Point reissued a "neutral" rating and set a $60.00 price objective on shares of Q2 in a research report on Monday, April 7th. Cantor Fitzgerald initiated coverage on shares of Q2 in a report on Tuesday. They issued an "overweight" rating and a $110.00 target price for the company. Finally, Royal Bank of Canada dropped their price objective 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. Eight equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Q2 presently has a consensus rating of "Moderate Buy" and an average price target of $99.50.
Check Out Our Latest Report on Q2
Insider Activity at Q2
In related news, Director James Offerdahl sold 1,000 shares of the firm's stock in a transaction dated Thursday, May 22nd. The shares were sold at an average price of $87.77, for a total value of $87,770.00. Following the completion of the sale, the director now owns 16,241 shares in the company, valued at $1,425,472.57. This trade represents a 5.80% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, General Counsel Michael S. Kerr sold 397 shares of Q2 stock in a transaction dated Wednesday, May 14th. The stock was sold at an average price of $92.90, for a total transaction of $36,881.30. Following the transaction, the general counsel now owns 58,441 shares of the company's stock, valued at approximately $5,429,168.90. The trade was a 0.67% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 194,255 shares of company stock valued at $14,890,656 in the last ninety days. Insiders own 0.31% of the company's stock.
Q2 Company Profile
(
Free Report)
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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