Creative Planning Buys 7,631 Shares of Q2 Holdings, Inc. (NYSE:QTWO)

Creative Planning raised its stake in Q2 Holdings, Inc. (NYSE:QTWO - Free Report) by 62.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,834 shares of the technology company's stock after acquiring an additional 7,631 shares during the quarter. Creative Planning's holdings in Q2 were worth $1,582,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in QTWO. Diversified Trust Co boosted its stake in shares of Q2 by 6.5% in the 1st quarter. Diversified Trust Co now owns 14,556 shares of the technology company's stock valued at $765,000 after purchasing an additional 886 shares during the last quarter. Accel Wealth Management bought a new position in shares of Q2 in the 1st quarter valued at about $220,000. BNP Paribas Financial Markets boosted its stake in shares of Q2 by 16.2% in the 1st quarter. BNP Paribas Financial Markets now owns 53,701 shares of the technology company's stock valued at $2,823,000 after purchasing an additional 7,503 shares during the last quarter. Fidelis Capital Partners LLC bought a new position in shares of Q2 in the 1st quarter valued at about $50,000. Finally, Nordea Investment Management AB boosted its stake in shares of Q2 by 45.2% in the 1st quarter. Nordea Investment Management AB now owns 64,826 shares of the technology company's stock valued at $3,456,000 after purchasing an additional 20,195 shares during the last quarter.

Q2 Stock Up 1.0 %

Shares of NYSE QTWO traded up $0.83 during midday trading on Wednesday, reaching $85.64. The company's stock had a trading volume of 304,446 shares, compared to its average volume of 580,275. 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 Holdings, Inc. has a fifty-two week low of $28.91 and a fifty-two week high of $86.25. The stock has a market capitalization of $5.16 billion, a price-to-earnings ratio of -73.89 and a beta of 1.59. The stock has a 50 day simple moving average of $77.77 and a 200-day simple moving average of $67.47.

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

Insider Activity

In other news, Director Jeffrey T. Diehl sold 28,005 shares of Q2 stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $75.25, for a total value of $2,107,376.25. Following the sale, the director now directly owns 397,702 shares in the company, valued at $29,927,075.50. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Q2 news, General Counsel Michael S. Kerr sold 517 shares of the company's stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of $70.86, for a total transaction of $36,634.62. Following the sale, the general counsel now directly owns 61,130 shares of the company's stock, valued at approximately $4,331,671.80. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Jeffrey T. Diehl sold 28,005 shares of the company's stock in a transaction on Monday, August 26th. The stock was sold at an average price of $75.25, for a total transaction of $2,107,376.25. Following the sale, the director now directly owns 397,702 shares in the company, valued at $29,927,075.50. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 41,963 shares of company stock worth $3,109,699 over the last ninety days. Insiders own 3.00% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on QTWO. BTIG Research lifted their price objective on shares of Q2 from $75.00 to $82.00 and gave the stock a "buy" rating in a research note on Monday, August 26th. Royal Bank of Canada reissued a "sector perform" rating on shares of Q2 in a research note on Friday, October 18th. Compass Point began coverage on shares of Q2 in a research note on Wednesday, September 4th. They set a "buy" rating and a $91.00 price objective on the stock. The Goldman Sachs Group lifted their price objective on shares of Q2 from $59.00 to $86.00 and gave the stock a "buy" rating in a research note on Thursday, August 1st. Finally, Truist Financial reissued a "buy" rating and set a $78.00 price objective (up previously from $68.00) on shares of Q2 in a research note on Thursday, August 1st. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $73.64.

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.