5,506 Shares in Q2 Holdings, Inc. (NYSE:QTWO) Bought by Cibc World Markets Corp

Cibc World Markets Corp bought a new position in Q2 Holdings, Inc. (NYSE:QTWO - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 5,506 shares of the technology company's stock, valued at approximately $554,000.

A number of other hedge funds also recently bought and sold shares of QTWO. Proficio Capital Partners LLC bought a new position in Q2 in the fourth quarter worth about $29,000. Quarry LP grew its holdings in shares of Q2 by 988.2% during the 3rd quarter. Quarry LP now owns 370 shares of the technology company's stock worth $30,000 after acquiring an additional 336 shares during the period. SBI Securities Co. Ltd. bought a new position in shares of Q2 in the 4th quarter worth approximately $30,000. Ameliora Wealth Management Ltd. purchased a new position in shares of Q2 in the 4th quarter valued at approximately $32,000. Finally, Arcadia Investment Management Corp MI bought a new stake in shares of Q2 during the fourth quarter valued at approximately $179,000.

Insider Activity

In other Q2 news, Director James Offerdahl sold 1,000 shares of the business's stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $87.96, for a total transaction of $87,960.00. Following the completion of the sale, the director now owns 17,241 shares of the company's stock, valued at approximately $1,516,518.36. The trade was a 5.48 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CRO Michael A. Volanoski sold 15,005 shares of the firm's stock in a transaction dated Wednesday, March 12th. The stock was sold at an average price of $74.12, for a total value of $1,112,170.60. Following the completion of the transaction, the executive now directly owns 197,966 shares in the company, valued at $14,673,239.92. This trade represents a 7.05 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 157,835 shares of company stock valued at $11,959,517 in the last quarter. 3.00% of the stock is currently owned by insiders.

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Analyst Upgrades and Downgrades

Several equities analysts have commented on the company. Robert W. Baird reissued a "neutral" rating and set a $99.00 price objective (up previously from $89.00) on shares of Q2 in a research report on Friday, January 10th. Royal Bank of Canada increased their price target on shares of Q2 from $105.00 to $108.00 and gave the stock a "sector perform" rating in a research note on Thursday, February 13th. KeyCorp raised shares of Q2 from a "sector weight" rating to an "overweight" rating and set a $126.00 price objective on the stock in a research note on Wednesday, December 18th. Raymond James raised their target price on shares of Q2 from $100.00 to $110.00 and gave the company an "outperform" rating in a research note on Thursday, February 13th. Finally, Stephens reissued an "overweight" rating and issued a $115.00 price target on shares of Q2 in a research report on Thursday, February 13th. Seven research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, Q2 currently has a consensus rating of "Moderate Buy" and an average price target of $105.27.

Q2 Stock Performance

NYSE:QTWO traded up $1.50 during trading hours on Tuesday, reaching $84.32. The company had a trading volume of 786,355 shares, compared to its average volume of 615,499. The firm has a market cap of $5.12 billion, a price-to-earnings ratio of -129.72 and a beta of 1.62. 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's 50 day moving average price is $87.53 and its 200-day moving average price is $90.58. Q2 Holdings, Inc. has a 52 week low of $46.50 and a 52 week high of $112.82.

Q2 (NYSE:QTWO - Get Free Report) last issued 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, analysts forecast that Q2 Holdings, Inc. will post 0.67 EPS for the current 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.