Q2 Holdings, Inc. (NYSE:QTWO) Holdings Increased by Inspire Investing LLC

Inspire Investing LLC boosted its holdings in shares of Q2 Holdings, Inc. (NYSE:QTWO - Free Report) by 103.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 13,032 shares of the technology company's stock after acquiring an additional 6,633 shares during the period. Inspire Investing LLC's holdings in Q2 were worth $1,312,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Quarry LP raised its stake in Q2 by 988.2% in the 3rd quarter. Quarry LP now owns 370 shares of the technology company's stock valued at $30,000 after purchasing an additional 336 shares during the last quarter. CWM LLC grew its holdings in shares of Q2 by 199.8% during the third quarter. CWM LLC now owns 1,442 shares of the technology company's stock worth $115,000 after buying an additional 961 shares in the last quarter. International Assets Investment Management LLC raised its position in shares of Q2 by 7,878.3% in the third quarter. International Assets Investment Management LLC now owns 1,835 shares of the technology company's stock valued at $146,000 after buying an additional 1,812 shares during the last quarter. Asset Management One Co. Ltd. lifted its stake in shares of Q2 by 108.1% during the third quarter. Asset Management One Co. Ltd. now owns 1,856 shares of the technology company's stock valued at $148,000 after buying an additional 964 shares during the period. Finally, Diversified Trust Co acquired a new stake in Q2 during the fourth quarter worth approximately $203,000.

Q2 Stock Down 0.7 %

Shares of NYSE QTWO traded down $0.70 on Friday, hitting $94.00. The company had a trading volume of 503,890 shares, compared to its average volume of 631,733. The firm has a market capitalization of $5.68 billion, a P/E ratio of -97.91 and a beta of 1.61. 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 12-month low of $40.60 and a 12-month high of $112.82. The business has a 50 day moving average of $101.76 and a two-hundred day moving average of $85.12.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on QTWO. Morgan Stanley raised their price objective on Q2 from $65.00 to $90.00 and gave the stock an "equal weight" rating in a report on Thursday, November 7th. KeyCorp raised Q2 from a "sector weight" rating to an "overweight" rating and set a $126.00 price target on the stock in a research note on Wednesday, December 18th. Stifel Nicolaus upped their price objective on shares of Q2 from $100.00 to $115.00 and gave the company a "buy" rating in a research note on Wednesday, December 18th. Robert W. Baird reissued a "neutral" rating and issued a $99.00 target price (up from $89.00) on shares of Q2 in a research report on Friday, January 10th. Finally, Stephens upped their price target on shares of Q2 from $75.00 to $100.00 and gave the stock an "overweight" rating in a research report on Thursday, November 7th. Seven analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $98.07.

Insiders Place Their Bets

In other news, President Kirk L. Coleman sold 10,428 shares of Q2 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 completion of the transaction, the president now owns 337,643 shares in the company, valued at approximately $35,931,968.06. This trade represents a 3.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CRO Michael A. Volanoski sold 4,178 shares of the company's stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of $106.00, for a total value of $442,868.00. Following the sale, the executive now directly owns 223,494 shares in the company, valued at approximately $23,690,364. This represents a 1.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 28,836 shares of company stock worth $3,061,035 in the last quarter. 3.00% of the stock is owned by corporate insiders.

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.