EP Wealth Advisors LLC Makes New $576,000 Investment in Q2 Holdings, Inc. (NYSE:QTWO)

EP Wealth Advisors LLC bought a new position in shares of Q2 Holdings, Inc. (NYSE:QTWO - Free Report) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 7,219 shares of the technology company's stock, valued at approximately $576,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in QTWO. Quarry LP increased its position in Q2 by 988.2% during the third quarter. Quarry LP now owns 370 shares of the technology company's stock worth $30,000 after purchasing an additional 336 shares during the last quarter. CWM LLC raised its position in shares of Q2 by 54.2% in the 2nd quarter. CWM LLC now owns 481 shares of the technology company's stock valued at $29,000 after purchasing an additional 169 shares in the last quarter. International Assets Investment Management LLC raised its position in shares of Q2 by 7,878.3% in the 3rd quarter. International Assets Investment Management LLC now owns 1,835 shares of the technology company's stock valued at $146,000 after purchasing an additional 1,812 shares in the last quarter. Asset Management One Co. Ltd. raised its position in shares of Q2 by 108.1% in the 3rd quarter. Asset Management One Co. Ltd. now owns 1,856 shares of the technology company's stock valued at $148,000 after purchasing an additional 964 shares in the last quarter. Finally, Quest Partners LLC acquired a new position in shares of Q2 in the 2nd quarter valued at approximately $153,000.

Q2 Price Performance

NYSE:QTWO traded down $1.09 during mid-day trading on Thursday, reaching $105.90. 392,374 shares of the stock were exchanged, compared to its average volume of 604,234. The business has a fifty day moving average price of $93.55 and a 200 day moving average price of $76.78. The firm has a market capitalization of $6.40 billion, a PE ratio of -110.76 and a beta of 1.60. Q2 Holdings, Inc. has a 1-year low of $38.04 and a 1-year high of $112.82. The company has a current ratio of 2.50, a quick ratio of 2.50 and a debt-to-equity ratio of 0.99.

Insider Activity at Q2

In related news, Director James Offerdahl sold 548 shares of the stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $104.95, for a total value of $57,512.60. Following the completion of the transaction, the director now owns 18,241 shares in the company, valued at $1,914,392.95. This trade represents a 2.92 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 3.00% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on QTWO shares. BTIG Research upped their price target on Q2 from $75.00 to $82.00 and gave the company a "buy" rating in a research report on Monday, August 26th. Morgan Stanley upped their price target on Q2 from $65.00 to $90.00 and gave the company an "equal weight" rating in a research report on Thursday, November 7th. Truist Financial reissued a "buy" rating and set a $100.00 price target (up from $78.00) on shares of Q2 in a research report on Thursday, November 7th. Compass Point upped their price objective on Q2 from $91.00 to $107.00 and gave the stock a "buy" rating in a research note on Thursday, November 7th. Finally, Piper Sandler increased their price target on Q2 from $74.00 to $93.00 and gave the stock a "neutral" rating in a research note on Thursday, November 7th. Five equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $91.50.

Q2 Company 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.