Q2 Holdings, Inc. (NYSE:QTWO) Shares Purchased by Nordea Investment Management AB

Nordea Investment Management AB increased its holdings in shares of Q2 Holdings, Inc. (NYSE:QTWO - Free Report) by 45.2% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 64,826 shares of the technology company's stock after purchasing an additional 20,195 shares during the quarter. Nordea Investment Management AB owned approximately 0.11% of Q2 worth $3,456,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Natixis Advisors L.P. raised its position in Q2 by 1.6% during the fourth quarter. Natixis Advisors L.P. now owns 16,188 shares of the technology company's stock worth $702,000 after acquiring an additional 259 shares in the last quarter. Contravisory Investment Management Inc. grew its stake in Q2 by 4.4% during the first quarter. Contravisory Investment Management Inc. now owns 7,164 shares of the technology company's stock worth $377,000 after buying an additional 304 shares in the last quarter. Diversified Trust Co boosted its stake in shares of Q2 by 2.7% in the 4th quarter. Diversified Trust Co now owns 13,670 shares of the technology company's stock valued at $593,000 after purchasing an additional 363 shares in the last quarter. MCF Advisors LLC boosted its stake in shares of Q2 by 156.5% in the 4th quarter. MCF Advisors LLC now owns 613 shares of the technology company's stock valued at $27,000 after purchasing an additional 374 shares in the last quarter. Finally, Glenmede Trust Co. NA boosted its stake in shares of Q2 by 4.5% in the 3rd quarter. Glenmede Trust Co. NA now owns 9,502 shares of the technology company's stock valued at $307,000 after purchasing an additional 405 shares in the last quarter.

Analysts Set New Price Targets

Several research firms have issued reports on QTWO. Stifel Nicolaus raised their price target on shares of Q2 from $48.00 to $60.00 and gave the stock a "buy" rating in a report on Wednesday, April 24th. Morgan Stanley reaffirmed an "equal weight" rating and set a $50.00 price objective (up from $40.00) on shares of Q2 in a report on Thursday, May 2nd. Royal Bank of Canada lifted their price objective on shares of Q2 from $46.00 to $60.00 and gave the stock a "sector perform" rating in a report on Thursday, May 2nd. Robert W. Baird lifted their target price on Q2 from $60.00 to $65.00 and gave the stock an "outperform" rating in a research note on Thursday, May 2nd. Finally, Piper Sandler boosted their price objective on Q2 from $47.00 to $61.00 and gave the company a "neutral" rating in a research note on Friday, May 3rd. Four research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $55.53.

Q2 Stock Performance

Shares of Q2 stock traded down $0.42 during trading hours on Wednesday, reaching $60.68. 260,395 shares of the stock traded hands, compared to its average volume of 599,248. The company has a 50 day moving average price of $60.74 and a 200 day moving average price of $51.66. The firm has a market capitalization of $3.65 billion, a price-to-earnings ratio of -44.95 and a beta of 1.55. Q2 Holdings, Inc. has a one year low of $28.91 and a one year high of $64.17. The company has a quick ratio of 2.38, a current ratio of 2.38 and a debt-to-equity ratio of 1.06.

Q2 (NYSE:QTWO - Get Free Report) last posted its quarterly earnings data on Wednesday, May 1st. The technology company reported ($0.04) earnings per share for the quarter, beating analysts' consensus estimates of ($0.05) by $0.01. Q2 had a negative return on equity of 5.88% and a negative net margin of 12.35%. The firm had revenue of $165.51 million for the quarter, compared to analysts' expectations of $163.58 million. On average, equities research analysts expect that Q2 Holdings, Inc. will post -0.05 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, EVP Jonathan Price sold 11,000 shares of the business's stock in a transaction that occurred on Thursday, June 27th. The stock was sold at an average price of $60.00, for a total value of $660,000.00. Following the transaction, the executive vice president now directly owns 226,079 shares of the company's stock, valued at approximately $13,564,740. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, EVP Jonathan Price sold 11,000 shares of the company's stock in a transaction that occurred on Thursday, June 27th. The stock was sold at an average price of $60.00, for a total transaction of $660,000.00. Following the sale, the executive vice president now directly owns 226,079 shares of the company's stock, valued at approximately $13,564,740. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Jeffrey T. Diehl sold 27,248 shares of the company's stock in a transaction that occurred on Wednesday, May 29th. The stock was sold at an average price of $62.51, for a total value of $1,703,272.48. Following the sale, the director now directly owns 750,314 shares in the company, valued at $46,902,128.14. The disclosure for this sale can be found here. In the last three months, insiders have sold 91,684 shares of company stock valued at $5,548,275. Corporate insiders own 3.60% of the company's stock.

Q2 Company 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.