Raymond James Financial Inc. Takes $18.27 Million Position in Q2 Holdings, Inc. (NYSE:QTWO)

Raymond James Financial Inc. bought a new position in Q2 Holdings, Inc. (NYSE:QTWO - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 181,534 shares of the technology company's stock, valued at approximately $18,271,000. Raymond James Financial Inc. owned about 0.30% of Q2 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of QTWO. Proficio Capital Partners LLC purchased a new stake in shares of Q2 during the 4th quarter valued at approximately $29,000. Quarry LP raised its position in Q2 by 988.2% in the 3rd quarter. Quarry LP now owns 370 shares of the technology company's stock worth $30,000 after purchasing an additional 336 shares during the period. SBI Securities Co. Ltd. purchased a new stake in Q2 during the fourth quarter valued at about $30,000. Ameliora Wealth Management Ltd. purchased a new position in shares of Q2 in the fourth quarter worth about $32,000. Finally, Arcadia Investment Management Corp MI bought a new stake in shares of Q2 in the 4th quarter valued at about $179,000.

Q2 Price Performance

NYSE:QTWO traded up $0.49 during trading hours on Friday, hitting $79.10. 847,598 shares of the stock traded hands, compared to its average volume of 615,683. The company has a market cap of $4.80 billion, a price-to-earnings ratio of -121.69 and a beta of 1.62. Q2 Holdings, Inc. has a 1 year low of $46.50 and a 1 year high of $112.82. The stock has a 50 day moving average price of $88.04 and a 200 day moving average price of $90.14. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.58.

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Q2 (NYSE:QTWO - Get Free Report) last announced its quarterly earnings data on Wednesday, February 12th. The technology company reported $0.18 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.48 by ($0.30). Q2 had a negative net margin of 5.53% and a positive return on equity of 0.85%. Sell-side analysts forecast that Q2 Holdings, Inc. will post 0.67 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Matthew P. Flake sold 56,799 shares of Q2 stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $78.28, for a total transaction of $4,446,225.72. Following the completion of the sale, the chief executive officer now owns 453,849 shares of the company's stock, valued at approximately $35,527,299.72. The trade was a 11.12 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director James Offerdahl sold 1,000 shares of the firm's stock in a transaction on Monday, February 24th. The stock was sold at an average price of $87.96, for a total value of $87,960.00. Following the transaction, the director now owns 17,241 shares in the company, valued at $1,516,518.36. The trade was a 5.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 157,835 shares of company stock valued at $11,959,517 over the last ninety days. 3.00% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. KeyCorp upgraded Q2 from a "sector weight" rating to an "overweight" rating and set a $126.00 price objective for the company in a research report on Wednesday, December 18th. Stifel Nicolaus upped their price target on Q2 from $115.00 to $125.00 and gave the company a "buy" rating in a research report on Thursday, February 13th. Needham & Company LLC lifted their price objective on Q2 from $120.00 to $125.00 and gave the stock a "buy" rating in a research report on Thursday, February 13th. Stephens reiterated an "overweight" rating and issued a $115.00 price objective on shares of Q2 in a report on Thursday, February 13th. Finally, Raymond James upped their price target on shares of Q2 from $100.00 to $110.00 and gave the stock an "outperform" rating in a research note on Thursday, February 13th. Seven research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $105.27.

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.