Nomura Holdings Inc. Acquires 42,570 Shares of Q2 Holdings, Inc. (NYSE:QTWO)

Nomura Holdings Inc. boosted its stake in shares of Q2 Holdings, Inc. (NYSE:QTWO - Free Report) by 48.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 129,888 shares of the technology company's stock after purchasing an additional 42,570 shares during the period. Nomura Holdings Inc. owned approximately 0.22% of Q2 worth $13,073,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the company. Janney Montgomery Scott LLC acquired a new position in Q2 in the fourth quarter valued at approximately $288,000. Charles Schwab Investment Management Inc. grew its stake in shares of Q2 by 2.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 507,065 shares of the technology company's stock valued at $51,036,000 after buying an additional 10,636 shares during the period. Dakota Wealth Management raised its stake in shares of Q2 by 189.8% in the 4th quarter. Dakota Wealth Management now owns 16,030 shares of the technology company's stock valued at $1,613,000 after acquiring an additional 10,498 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of Q2 during the fourth quarter worth about $18,271,000. Finally, Inspire Investing LLC lifted its holdings in shares of Q2 by 103.7% in the 4th quarter. Inspire Investing LLC now owns 13,032 shares of the technology company's stock valued at $1,312,000 after purchasing an additional 6,633 shares during the last quarter.

Insider Buying and Selling

In related news, insider Kimberly Anne Rutledge sold 6,656 shares of the stock in a transaction that occurred on Wednesday, March 12th. The stock was sold at an average price of $74.12, for a total transaction of $493,342.72. Following the completion of the sale, the insider now owns 113,278 shares in the company, valued at $8,396,165.36. This represents a 5.55% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, General Counsel Michael S. Kerr sold 397 shares of the company's stock in a transaction that occurred 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 transaction, the general counsel now owns 58,441 shares of the company's stock, valued at approximately $5,429,168.90. This trade represents a 0.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 194,255 shares of company stock worth $14,890,846. Insiders own 0.31% of the company's stock.

Analyst Ratings Changes

QTWO has been the topic of several research analyst reports. Citigroup boosted their target price on shares of Q2 from $96.00 to $100.00 and gave the stock a "neutral" rating in a research report on Thursday, February 13th. Truist Financial restated a "buy" rating and issued a $110.00 price target (up previously from $100.00) on shares of Q2 in a report on Thursday, February 13th. Royal Bank of Canada lowered their target price on Q2 from $108.00 to $101.00 and set a "sector perform" rating on the stock in a report on Thursday, May 8th. Raymond James dropped their price target on Q2 from $110.00 to $105.00 and set an "outperform" rating for the company in a research report on Thursday, May 8th. Finally, Stephens reissued an "overweight" rating and set a $115.00 price target on shares of Q2 in a research note on Thursday, February 13th. Eight equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to data from MarketBeat.com, Q2 presently has a consensus rating of "Moderate Buy" and a consensus target price of $98.80.

Q2 Stock Down 0.3%

NYSE QTWO traded down $0.30 during trading on Tuesday, reaching $89.68. 84,290 shares of the company's stock were exchanged, compared to its average volume of 647,515. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.58. The firm has a market capitalization of $5.59 billion, a PE ratio of -138.13 and a beta of 1.47. The company's fifty day simple moving average is $79.49 and its 200-day simple moving average is $90.51. Q2 Holdings, Inc. has a fifty-two week low of $55.97 and a fifty-two week 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.