Raymond James Financial Inc. Invests $18.27 Million in Q2 Holdings, Inc. (NYSE:QTWO)

Raymond James Financial Inc. bought a new stake in Q2 Holdings, Inc. (NYSE:QTWO - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 181,534 shares of the technology company's stock, valued at approximately $18,271,000. Raymond James Financial Inc. owned approximately 0.30% of Q2 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in QTWO. Barclays PLC lifted its stake in 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 purchasing an additional 83,181 shares during the last quarter. Tidal Investments LLC boosted its holdings in shares of Q2 by 48.7% during the 3rd quarter. Tidal Investments LLC now owns 10,646 shares of the technology company's stock valued at $849,000 after acquiring an additional 3,486 shares in the last quarter. Franklin Resources Inc. grew its position in Q2 by 17.5% during the 3rd quarter. Franklin Resources Inc. now owns 47,461 shares of the technology company's stock worth $3,888,000 after acquiring an additional 7,053 shares during the last quarter. Principal Financial Group Inc. grew its position in Q2 by 38.6% during the 3rd quarter. Principal Financial Group Inc. now owns 176,695 shares of the technology company's stock worth $14,095,000 after acquiring an additional 49,233 shares during the last quarter. Finally, Nordea Investment Management AB increased its holdings in Q2 by 61.8% in the 4th quarter. Nordea Investment Management AB now owns 111,110 shares of the technology company's stock worth $11,208,000 after purchasing an additional 42,433 shares in the last quarter.

Q2 Trading Down 0.9 %

NYSE QTWO traded down $0.68 during trading hours on Friday, hitting $78.30. 107,039 shares of the company's stock were exchanged, compared to its average volume of 649,040. Q2 Holdings, Inc. has a 1-year low of $50.91 and a 1-year high of $112.82. 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 stock has a 50-day simple moving average of $78.84 and a 200 day simple moving average of $90.13. The firm has a market cap of $4.76 billion, a price-to-earnings ratio of -120.46 and a beta of 1.61.

Q2 (NYSE:QTWO - Get Free Report) last announced its quarterly earnings data on Wednesday, February 12th. The technology company reported $0.18 EPS for the quarter, missing the consensus estimate of $0.48 by ($0.30). Q2 had a positive return on equity of 0.85% and a negative net margin of 5.53%. On average, equities analysts forecast that Q2 Holdings, Inc. will post 0.67 EPS for the current fiscal year.

Insider Buying and Selling at Q2

In related news, CEO Matthew P. Flake sold 56,799 shares of Q2 stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $78.28, for a total value of $4,446,225.72. Following the completion of the sale, the chief executive officer now owns 453,849 shares of the company's stock, valued at approximately $35,527,299.72. This trade represents a 11.12 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CRO Michael A. Volanoski sold 15,005 shares of the company's stock in a transaction on Wednesday, March 12th. The stock was sold at an average price of $74.12, for a total transaction of $1,112,170.60. Following the transaction, the executive now owns 197,966 shares in the company, valued at approximately $14,673,239.92. The trade was a 7.05 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 193,858 shares of company stock valued at $14,853,965. Corporate insiders own 3.00% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on QTWO. Raymond James lifted their price target on Q2 from $100.00 to $110.00 and gave the company an "outperform" rating in a research note on Thursday, February 13th. Stephens reissued an "overweight" rating and set a $115.00 target price on shares of Q2 in a report on Thursday, February 13th. Compass Point restated a "neutral" rating and issued a $60.00 price target on shares of Q2 in a research report on Monday, April 7th. Truist Financial reiterated a "buy" rating and set a $110.00 price target (up previously from $100.00) on shares of Q2 in a report on Thursday, February 13th. Finally, Robert W. Baird restated a "neutral" rating and issued a $99.00 price objective (up from $89.00) on shares of Q2 in a report on Friday, January 10th. Eight research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $102.33.

Q2 Profile

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.