Barclays PLC Grows Stock Holdings in Q2 Holdings, Inc. (NYSE:QTWO)

Barclays PLC boosted its stake in Q2 Holdings, Inc. (NYSE:QTWO - Free Report) by 104.0% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 163,138 shares of the technology company's stock after buying an additional 83,181 shares during the period. Barclays PLC owned approximately 0.27% of Q2 worth $13,012,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of QTWO. American Century Companies Inc. grew its stake in shares of Q2 by 5,990.6% in the second quarter. American Century Companies Inc. now owns 1,210,143 shares of the technology company's stock valued at $73,008,000 after buying an additional 1,190,274 shares in the last quarter. Perpetual Ltd purchased a new position in Q2 during the 3rd quarter valued at about $80,788,000. Venturi Wealth Management LLC grew its position in Q2 by 139.5% in the 3rd quarter. Venturi Wealth Management LLC now owns 608,721 shares of the technology company's stock valued at $48,558,000 after acquiring an additional 354,524 shares in the last quarter. Clearbridge Investments LLC purchased a new stake in Q2 during the second quarter worth about $13,490,000. Finally, Renaissance Technologies LLC lifted its position in shares of Q2 by 171.6% during the second quarter. Renaissance Technologies LLC now owns 204,000 shares of the technology company's stock worth $12,307,000 after purchasing an additional 128,900 shares in the last quarter.

Wall Street Analysts Forecast Growth

QTWO has been the subject of a number of research reports. Piper Sandler lifted their price objective on shares of Q2 from $74.00 to $93.00 and gave the company a "neutral" rating in a report on Thursday, November 7th. Compass Point boosted their price target on shares of Q2 from $91.00 to $107.00 and gave the stock a "buy" rating in a research note on Thursday, November 7th. BTIG Research increased their price objective on Q2 from $75.00 to $82.00 and gave the company a "buy" rating in a research note on Monday, August 26th. The Goldman Sachs Group boosted their target price on Q2 from $86.00 to $103.00 and gave the stock a "buy" rating in a research note on Thursday, November 7th. Finally, Citigroup downgraded Q2 from a "buy" rating to a "neutral" rating and upped their price target for the stock from $72.00 to $90.00 in a report on Friday, October 18th. Five investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $91.50.

Q2 Stock Up 0.3 %

Q2 stock traded up $0.28 during mid-day trading on Monday, hitting $105.38. The company had a trading volume of 562,032 shares, compared to its average volume of 604,299. The company has a quick ratio of 2.50, a current ratio of 2.50 and a debt-to-equity ratio of 0.99. Q2 Holdings, Inc. has a 1 year low of $39.66 and a 1 year high of $112.82. The business has a fifty day moving average of $94.62 and a 200 day moving average of $77.49. The stock has a market cap of $6.37 billion, a price-to-earnings ratio of -109.63 and a beta of 1.60.

Insider Activity

In other news, Director James Offerdahl sold 548 shares of the business's stock in a transaction dated 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 sale, the director now directly owns 18,241 shares of the company's stock, valued at approximately $1,914,392.95. The trade was a 2.92 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, President Kirk L. Coleman sold 10,428 shares of the firm's stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $106.42, for a total value of $1,109,747.76. Following the transaction, the president now owns 337,643 shares in the company, valued at $35,931,968.06. This represents a 3.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 28,836 shares of company stock worth $3,061,035. Corporate insiders own 3.00% of the company's stock.

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.