Q2 Holdings, Inc. (NYSE:QTWO) Shares Purchased by Creative Planning

Creative Planning increased its holdings in shares of Q2 Holdings, Inc. (NYSE:QTWO - Free Report) by 62.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 19,834 shares of the technology company's stock after purchasing an additional 7,631 shares during the quarter. Creative Planning's holdings in Q2 were worth $1,582,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Hood River Capital Management LLC acquired a new position in Q2 during the 1st quarter worth about $62,765,000. American Century Companies Inc. lifted its position in shares of Q2 by 5,990.6% during the second quarter. American Century Companies Inc. now owns 1,210,143 shares of the technology company's stock worth $73,008,000 after purchasing an additional 1,190,274 shares in the last quarter. Perpetual Ltd purchased a new position in shares of Q2 in the third quarter valued at approximately $80,788,000. Price T Rowe Associates Inc. MD grew its holdings in shares of Q2 by 1,910.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 719,767 shares of the technology company's stock valued at $37,832,000 after purchasing an additional 683,957 shares in the last quarter. Finally, Mesirow Institutional Investment Management Inc. purchased a new stake in Q2 during the 1st quarter worth approximately $19,101,000.

Q2 Stock Performance

Shares of NYSE QTWO traded up $0.69 during midday trading on Wednesday, reaching $85.50. 125,476 shares of the company were exchanged, compared to its average volume of 579,423. The stock has a market cap of $5.15 billion, a P/E ratio of -73.89 and a beta of 1.59. Q2 Holdings, Inc. has a 1 year low of $28.91 and a 1 year high of $86.25. The stock has a fifty day simple moving average of $77.77 and a 200 day simple moving average of $67.47. The company has a current ratio of 2.44, a quick ratio of 2.44 and a debt-to-equity ratio of 1.02.

Q2 (NYSE:QTWO - Get Free Report) last issued its quarterly earnings results on Wednesday, July 31st. The technology company reported ($0.06) earnings per share for the quarter, missing the consensus estimate of ($0.03) by ($0.03). The company had revenue of $172.89 million for the quarter, compared to analyst estimates of $170.67 million. Q2 had a negative return on equity of 3.95% and a negative net margin of 10.40%. On average, research analysts forecast that Q2 Holdings, Inc. will post -0.01 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. Stifel Nicolaus upped their price objective on Q2 from $65.00 to $85.00 and gave the stock a "buy" rating in a research report on Thursday, August 1st. Citigroup cut Q2 from a "buy" rating to a "neutral" rating and lifted their price objective for the company from $72.00 to $90.00 in a research note on Friday, October 18th. The Goldman Sachs Group boosted their price objective on Q2 from $59.00 to $86.00 and gave the stock a "buy" rating in a research report on Thursday, August 1st. Royal Bank of Canada reiterated a "sector perform" rating on shares of Q2 in a report on Friday, October 18th. Finally, Needham & Company LLC reiterated an "underperform" rating on shares of Q2 in a research note on Friday, October 18th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $73.64.

Insider Buying and Selling at Q2

In other Q2 news, General Counsel Michael S. Kerr sold 517 shares of the firm's stock in a transaction on 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 sale, the general counsel now owns 61,130 shares of the company's stock, valued at approximately $4,331,671.80. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, General Counsel Michael S. Kerr sold 517 shares of the business's stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $70.86, for a total transaction of $36,634.62. Following the sale, the general counsel now owns 61,130 shares of the company's stock, valued at $4,331,671.80. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Jonathan Price sold 11,000 shares of the firm's stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $71.64, for a total value of $788,040.00. Following the completion of the transaction, the executive vice president now directly owns 215,079 shares of the company's stock, valued at $15,408,259.56. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 41,963 shares of company stock valued at $3,109,699. 3.00% of the stock is owned by corporate insiders.

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.