Nordea Investment Management AB Purchases 42,433 Shares of Q2 Holdings, Inc. (NYSE:QTWO)

Nordea Investment Management AB boosted its stake in shares of Q2 Holdings, Inc. (NYSE:QTWO - Free Report) by 61.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 111,110 shares of the technology company's stock after acquiring an additional 42,433 shares during the quarter. Nordea Investment Management AB owned 0.18% of Q2 worth $11,208,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Quarry LP raised its stake in shares of Q2 by 988.2% during the third quarter. Quarry LP now owns 370 shares of the technology company's stock valued at $30,000 after acquiring an additional 336 shares during the last quarter. CWM LLC lifted its holdings in Q2 by 199.8% in the 3rd quarter. CWM LLC now owns 1,442 shares of the technology company's stock worth $115,000 after buying an additional 961 shares during the period. International Assets Investment Management LLC grew its position in shares of Q2 by 7,878.3% in the 3rd quarter. International Assets Investment Management LLC now owns 1,835 shares of the technology company's stock worth $146,000 after buying an additional 1,812 shares during the last quarter. Asset Management One Co. Ltd. grew its position in shares of Q2 by 108.1% in the 3rd 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 last quarter. Finally, Quest Partners LLC purchased a new position in shares of Q2 during the second quarter valued at approximately $153,000.

Insider Transactions at Q2

In other news, President Kirk L. Coleman sold 10,428 shares of the stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $106.42, for a total transaction of $1,109,747.76. Following the transaction, the president now directly owns 337,643 shares of the company's stock, valued at $35,931,968.06. This represents a 3.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director James Offerdahl sold 548 shares of the firm's stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $104.95, for a total value of $57,512.60. Following the completion of the transaction, the director now owns 18,241 shares in the company, valued at approximately $1,914,392.95. This trade represents a 2.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 28,836 shares of company stock worth $3,061,035. Corporate insiders own 3.00% of the company's stock.

Q2 Stock Up 1.5 %

Shares of QTWO traded up $1.43 during trading hours on Thursday, hitting $99.97. The company had a trading volume of 499,419 shares, compared to its average volume of 519,501. The stock has a market capitalization of $6.04 billion, a price-to-earnings ratio of -104.13 and a beta of 1.61. The firm has a fifty day moving average price of $101.91 and a 200-day moving average price of $82.79. Q2 Holdings, Inc. has a 52-week low of $40.60 and a 52-week high of $112.82. The company has a debt-to-equity ratio of 0.99, a quick ratio of 2.50 and a current ratio of 2.50.

Analyst Ratings Changes

Several analysts recently weighed in on QTWO shares. The Goldman Sachs Group lifted their price target on shares of Q2 from $86.00 to $103.00 and gave the company a "buy" rating in a report on Thursday, November 7th. Compass Point lifted their target price on shares of Q2 from $91.00 to $107.00 and gave the company a "buy" rating in a research note on Thursday, November 7th. Citigroup downgraded shares of Q2 from a "buy" rating to a "neutral" rating and increased their price target for the stock from $72.00 to $90.00 in a research note on Friday, October 18th. Royal Bank of Canada lifted their price objective on Q2 from $76.00 to $105.00 and gave the company a "sector perform" rating in a research report on Thursday, November 7th. Finally, Piper Sandler increased their target price on Q2 from $74.00 to $93.00 and gave the stock a "neutral" rating in a research report on Thursday, November 7th. Five research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $95.80.

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.