Janney Montgomery Scott LLC acquired a new stake in shares of Q2 Holdings, Inc. (NYSE:QTWO - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 2,863 shares of the technology company's stock, valued at approximately $288,000.
Other institutional investors also recently added to or reduced their stakes in the company. Quarry LP boosted its holdings in Q2 by 988.2% in the third quarter. Quarry LP now owns 370 shares of the technology company's stock worth $30,000 after acquiring an additional 336 shares in the last quarter. CWM LLC boosted its holdings in Q2 by 199.8% in the third quarter. CWM LLC now owns 1,442 shares of the technology company's stock worth $115,000 after acquiring an additional 961 shares in the last quarter. International Assets Investment Management LLC boosted its holdings in 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 worth $146,000 after acquiring an additional 1,812 shares in the last quarter. Asset Management One Co. Ltd. boosted its holdings in Q2 by 108.1% in the third quarter. Asset Management One Co. Ltd. now owns 1,856 shares of the technology company's stock worth $148,000 after acquiring an additional 964 shares in the last quarter. Finally, Diversified Trust Co acquired a new stake in Q2 in the fourth quarter worth about $203,000.
Wall Street Analysts Forecast Growth
Several equities research analysts have weighed in on the company. Compass Point raised their price target on Q2 from $91.00 to $107.00 and gave the stock a "buy" rating in a report on Thursday, November 7th. Baird R W downgraded Q2 from a "strong-buy" rating to a "hold" rating in a report on Friday, January 10th. The Goldman Sachs Group raised their price objective on Q2 from $86.00 to $103.00 and gave the stock a "buy" rating in a research note on Thursday, November 7th. Stephens restated an "overweight" rating and issued a $115.00 price objective on shares of Q2 in a research note on Thursday. Finally, Stifel Nicolaus raised their price objective on Q2 from $115.00 to $125.00 and gave the stock a "buy" rating in a research note on Thursday. Seven research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $102.13.
Get Our Latest Stock Report on Q2
Insider Activity
In other news, CRO Michael A. Volanoski sold 5,123 shares of the business's stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $106.12, for a total value of $543,652.76. Following the completion of the sale, the executive now directly owns 218,371 shares in the company, valued at $23,173,530.52. The trade was a 2.29 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, President Kirk L. Coleman sold 10,428 shares of the business's stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $106.42, for a total value of $1,109,747.76. Following the completion of the sale, the president now owns 337,643 shares of the company's stock, valued at $35,931,968.06. This trade represents a 3.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 28,836 shares of company stock worth $3,061,035 over the last three months. 3.00% of the stock is currently owned by corporate insiders.
Q2 Stock Performance
QTWO stock traded down $1.60 during trading on Friday, hitting $91.26. 787,677 shares of the company traded hands, compared to its average volume of 594,098. The stock's 50-day simple moving average is $98.27 and its 200 day simple moving average is $88.43. The company has a debt-to-equity ratio of 0.99, a current ratio of 2.50 and a quick ratio of 2.50. The company has a market cap of $5.51 billion, a PE ratio of -95.06 and a beta of 1.61. Q2 Holdings, Inc. has a 1 year low of $41.23 and a 1 year high of $112.82.
Q2 (NYSE:QTWO - Get Free Report) last announced its quarterly earnings results on Wednesday, February 12th. The technology company reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.48 by ($0.30). Q2 had a negative net margin of 8.40% and a negative return on equity of 2.30%. On average, equities analysts expect that Q2 Holdings, Inc. will post 0.08 earnings per share for the current fiscal year.
About Q2
(
Free Report)
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.
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