14,272 Shares in Q2 Holdings, Inc. (NYSE:QTWO) Purchased by LMG Wealth Partners LLC

LMG Wealth Partners LLC acquired a new stake in Q2 Holdings, Inc. (NYSE:QTWO - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 14,272 shares of the technology company's stock, valued at approximately $1,436,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. CWM LLC raised its holdings in shares of Q2 by 199.8% in the third quarter. CWM LLC now owns 1,442 shares of the technology company's stock valued at $115,000 after buying an additional 961 shares during the last quarter. Creative Planning raised its stake in shares of Q2 by 62.5% in the third quarter. Creative Planning now owns 19,834 shares of the technology company's stock worth $1,582,000 after acquiring an additional 7,631 shares during the last quarter. Raymond James & Associates lifted its position in shares of Q2 by 17.9% during the third quarter. Raymond James & Associates now owns 128,654 shares of the technology company's stock worth $10,263,000 after purchasing an additional 19,495 shares in the last quarter. International Assets Investment Management LLC grew its stake in shares of 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 valued at $146,000 after purchasing an additional 1,812 shares during the last quarter. Finally, Dakota Wealth Management increased its holdings in shares of Q2 by 41.6% in the third quarter. Dakota Wealth Management now owns 5,532 shares of the technology company's stock valued at $441,000 after purchasing an additional 1,626 shares in the last quarter.

Insider Activity

In other Q2 news, President Kirk L. Coleman sold 10,428 shares of the stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $106.42, for a total transaction of $1,109,747.76. Following the sale, the president now directly owns 337,643 shares in the company, valued at $35,931,968.06. This represents a 3.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CRO Michael A. Volanoski sold 4,178 shares of the firm's stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $106.00, for a total transaction of $442,868.00. Following the completion of the transaction, 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. Over the last ninety days, insiders sold 28,288 shares of company stock worth $3,003,523. Corporate insiders own 3.00% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. Citigroup increased their price objective on Q2 from $96.00 to $100.00 and gave the company a "neutral" rating in a research report on Thursday, February 13th. Robert W. Baird reiterated a "neutral" rating and issued a $99.00 price objective (up from $89.00) on shares of Q2 in a research report on Friday, January 10th. Raymond James upped their target price on shares of Q2 from $100.00 to $110.00 and gave the company an "outperform" rating in a research report on Thursday, February 13th. KeyCorp upgraded shares of Q2 from a "sector weight" rating to an "overweight" rating and set a $126.00 price target for the company in a research report on Wednesday, December 18th. Finally, Stephens reissued an "overweight" rating and set a $115.00 price target on shares of Q2 in a research note on Thursday, February 13th. Seven equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $102.13.

Q2 Stock Performance

QTWO stock traded down $2.28 during trading hours on Friday, hitting $88.42. 574,770 shares of the stock were exchanged, compared to its average volume of 672,810. The company has a 50-day simple moving average of $97.14 and a two-hundred day simple moving average of $88.95. The firm has a market capitalization of $5.37 billion, a P/E ratio of -136.12 and a beta of 1.61. Q2 Holdings, Inc. has a 12 month low of $43.55 and a 12 month high of $112.82. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.58.

Q2 (NYSE:QTWO - Get Free Report) last issued its quarterly earnings data 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 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 earnings per share for the current fiscal 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.