Dakota Wealth Management Has $1.61 Million Stake in Q2 Holdings, Inc. (NYSE:QTWO)

Dakota Wealth Management grew its holdings in shares of Q2 Holdings, Inc. (NYSE:QTWO - Free Report) by 189.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 16,030 shares of the technology company's stock after purchasing an additional 10,498 shares during the period. Dakota Wealth Management's holdings in Q2 were worth $1,613,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Quarry LP lifted its position in shares of Q2 by 988.2% in the 3rd quarter. Quarry LP now owns 370 shares of the technology company's stock valued at $30,000 after acquiring an additional 336 shares in the last quarter. CWM LLC lifted 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 purchasing an additional 961 shares in the last quarter. International Assets Investment Management LLC lifted its holdings in shares of 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 valued at $146,000 after purchasing an additional 1,812 shares in the last quarter. Asset Management One Co. Ltd. boosted its position in shares of 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 buying an additional 964 shares during the period. Finally, Diversified Trust Co purchased a new position in shares of Q2 during the fourth quarter valued at $203,000.

Q2 Trading Down 0.7 %

Shares of QTWO traded down $0.70 on Friday, reaching $94.00. 503,890 shares of the company's stock were exchanged, compared to its average volume of 631,733. Q2 Holdings, Inc. has a 12 month low of $40.60 and a 12 month high of $112.82. The stock has a market capitalization of $5.68 billion, a P/E ratio of -97.91 and a beta of 1.61. The company has a current ratio of 2.50, a quick ratio of 2.50 and a debt-to-equity ratio of 0.99. The business has a 50 day moving average price of $101.63 and a two-hundred day moving average price of $85.41.

Analyst Ratings Changes

Several equities analysts have recently commented on QTWO shares. KeyCorp upgraded shares of Q2 from a "sector weight" rating to an "overweight" rating and set a $126.00 price target on the stock in a report on Wednesday, December 18th. Royal Bank of Canada upped their target price on Q2 from $76.00 to $105.00 and gave the stock a "sector perform" rating in a research report on Thursday, November 7th. Stifel Nicolaus increased their price objective on Q2 from $100.00 to $115.00 and gave the stock a "buy" rating in a report on Wednesday, December 18th. Morgan Stanley lifted their target price on shares of Q2 from $65.00 to $90.00 and gave the company an "equal weight" rating in a research note on Thursday, November 7th. Finally, The Goldman Sachs Group increased their price target on shares of Q2 from $86.00 to $103.00 and gave the stock a "buy" rating in a research note on Thursday, November 7th. Seven analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $98.07.

Insider Buying and Selling

In other Q2 news, President Kirk L. Coleman sold 8,559 shares of the firm's stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of $106.00, for a total transaction of $907,254.00. Following the sale, the president now directly owns 340,903 shares in the company, valued at approximately $36,135,718. This trade represents a 2.45 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CRO Michael A. Volanoski sold 4,178 shares of the stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $106.00, for a total transaction of $442,868.00. Following the sale, the executive now directly owns 223,494 shares of the company's stock, valued at $23,690,364. This represents a 1.84 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 28,836 shares of company stock valued at $3,061,035 in the last 90 days. 3.00% of the stock is owned by insiders.

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.