Intech Investment Management LLC Buys Shares of 15,378 Q2 Holdings, Inc. (NYSE:QTWO)

Intech Investment Management LLC purchased a new stake in Q2 Holdings, Inc. (NYSE:QTWO - Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 15,378 shares of the technology company's stock, valued at approximately $1,227,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. CWM LLC raised its stake in shares of Q2 by 54.2% in the second quarter. CWM LLC now owns 481 shares of the technology company's stock worth $29,000 after purchasing an additional 169 shares during the last quarter. International Assets Investment Management LLC grew its holdings in Q2 by 7,878.3% during the third quarter. International Assets Investment Management LLC now owns 1,835 shares of the technology company's stock worth $146,000 after buying an additional 1,812 shares in the last quarter. Asset Management One Co. Ltd. raised its position in 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 buying an additional 964 shares during the last quarter. Quest Partners LLC bought a new position in Q2 during the 2nd quarter valued at $153,000. Finally, nVerses Capital LLC bought a new position in Q2 during the 2nd quarter valued at $181,000.

Insider Activity

In other Q2 news, General Counsel Michael S. Kerr sold 517 shares of the firm's stock in a transaction dated Wednesday, September 11th. The stock was sold at an average price of $70.86, for a total value of $36,634.62. Following the completion of the transaction, the general counsel now owns 61,130 shares in the company, valued at $4,331,671.80. This trade represents a 0.84 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director James Offerdahl sold 548 shares of Q2 stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $104.95, for a total value of $57,512.60. Following the transaction, the director now directly owns 18,241 shares of the company's stock, valued at $1,914,392.95. The trade was a 2.92 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 2,493 shares of company stock valued at $196,863 over the last quarter. Company insiders own 3.00% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on QTWO. Stifel Nicolaus increased their target price on shares of Q2 from $65.00 to $85.00 and gave the company a "buy" rating in a report on Thursday, August 1st. BTIG Research upped their price objective on shares of Q2 from $75.00 to $82.00 and gave the stock a "buy" rating in a research report on Monday, August 26th. Needham & Company LLC lifted their target price on shares of Q2 from $90.00 to $120.00 and gave the stock a "buy" rating in a research report on Thursday, November 7th. DA Davidson upped their target price on Q2 from $76.00 to $86.00 and gave the company a "neutral" rating in a report on Monday, November 11th. Finally, Stephens lifted their price target on Q2 from $75.00 to $100.00 and gave the stock an "overweight" rating in a report on Thursday, November 7th. Five research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $91.50.

Q2 Price Performance

Shares of Q2 stock opened at $106.99 on Wednesday. Q2 Holdings, Inc. has a 52-week low of $34.59 and a 52-week high of $108.00. The company has a debt-to-equity ratio of 0.99, a quick ratio of 2.50 and a current ratio of 2.50. The stock's 50-day simple moving average is $87.32 and its 200 day simple moving average is $73.41.

About Q2

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.