4,962 Shares in Q2 Holdings, Inc. (NYSE:QTWO) Acquired by AlphaQuest LLC

AlphaQuest LLC bought a new position in Q2 Holdings, Inc. (NYSE:QTWO - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 4,962 shares of the technology company's stock, valued at approximately $499,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Highland Capital Management LLC increased its holdings in 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 acquiring an additional 172 shares in the last quarter. Arizona State Retirement System increased its holdings in Q2 by 1.1% in the 4th quarter. Arizona State Retirement System now owns 17,495 shares of the technology company's stock worth $1,761,000 after acquiring an additional 190 shares in the last quarter. Parallax Volatility Advisers L.P. increased its holdings in Q2 by 5.5% in the 3rd quarter. Parallax Volatility Advisers L.P. now owns 5,549 shares of the technology company's stock worth $443,000 after acquiring an additional 288 shares in the last quarter. SBI Securities Co. Ltd. purchased a new stake in Q2 in the 4th quarter worth approximately $30,000. Finally, Ameliora Wealth Management Ltd. purchased a new stake in Q2 in the 4th quarter worth approximately $32,000.

Insider Buying and Selling

In other news, CEO Matthew P. Flake sold 56,799 shares of Q2 stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $78.28, for a total transaction of $4,446,225.72. Following the completion of the sale, the chief executive officer now directly owns 453,849 shares in the company, valued at approximately $35,527,299.72. This trade represents a 11.12 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director James Offerdahl sold 1,000 shares of Q2 stock in a transaction on Monday, February 24th. The stock was sold at an average price of $87.96, for a total value of $87,960.00. Following the sale, the director now owns 17,241 shares of the company's stock, valued at approximately $1,516,518.36. This trade represents a 5.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.00% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms recently issued reports on QTWO. Stephens reissued an "overweight" rating and issued a $115.00 target price on shares of Q2 in a report on Thursday, February 13th. Truist Financial reaffirmed a "buy" rating and set a $110.00 price objective (up from $100.00) on shares of Q2 in a report on Thursday, February 13th. Royal Bank of Canada increased their price objective on shares of Q2 from $105.00 to $108.00 and gave the company a "sector perform" rating in a report on Thursday, February 13th. Baird R W lowered shares of Q2 from a "strong-buy" rating to a "hold" rating in a report on Friday, January 10th. Finally, KeyCorp raised shares of Q2 from a "sector weight" rating to an "overweight" rating and set a $126.00 price objective for the company in a report on Wednesday, December 18th. Seven analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $105.27.

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Q2 Stock Up 1.9 %

NYSE QTWO opened at $75.25 on Thursday. The company has a market capitalization of $4.57 billion, a P/E ratio of -115.76 and a beta of 1.62. The stock has a 50 day moving average price of $90.88 and a 200-day moving average price of $90.15. Q2 Holdings, Inc. has a one year low of $46.50 and a one year high of $112.82. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.40 and a current ratio of 1.40.

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

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.

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