Raymond James Financial Inc. Makes New Investment in Q2 Holdings, Inc. (NYSE:QTWO)

Raymond James Financial Inc. acquired a new stake in Q2 Holdings, Inc. (NYSE:QTWO - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 181,534 shares of the technology company's stock, valued at approximately $18,271,000. Raymond James Financial Inc. owned 0.30% of Q2 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Barclays PLC raised its holdings in Q2 by 104.0% in the 3rd quarter. Barclays PLC now owns 163,138 shares of the technology company's stock valued at $13,012,000 after acquiring an additional 83,181 shares in the last quarter. Tidal Investments LLC increased its position in shares of Q2 by 48.7% during the third quarter. Tidal Investments LLC now owns 10,646 shares of the technology company's stock valued at $849,000 after purchasing an additional 3,486 shares during the period. Franklin Resources Inc. raised its stake in shares of Q2 by 17.5% in the third quarter. Franklin Resources Inc. now owns 47,461 shares of the technology company's stock valued at $3,888,000 after purchasing an additional 7,053 shares in the last quarter. Principal Financial Group Inc. lifted its position in Q2 by 38.6% in the third quarter. Principal Financial Group Inc. now owns 176,695 shares of the technology company's stock worth $14,095,000 after purchasing an additional 49,233 shares during the period. Finally, Nordea Investment Management AB boosted its stake in Q2 by 61.8% during the fourth quarter. Nordea Investment Management AB now owns 111,110 shares of the technology company's stock worth $11,208,000 after buying an additional 42,433 shares in the last quarter.

Analyst Upgrades and Downgrades

QTWO has been the subject of a number of recent research reports. Stephens restated an "overweight" rating and issued a $115.00 price objective on shares of Q2 in a research note on Thursday, February 13th. Baird R W cut shares of Q2 from a "strong-buy" rating to a "hold" rating in a research note on Friday, January 10th. Needham & Company LLC upped their price objective on Q2 from $120.00 to $125.00 and gave the company a "buy" rating in a research note on Thursday, February 13th. Stifel Nicolaus raised their target price on Q2 from $115.00 to $125.00 and gave the stock a "buy" rating in a research report on Thursday, February 13th. Finally, The Goldman Sachs Group decreased their price target on Q2 from $119.00 to $106.00 and set a "buy" rating on the stock in a research note on Friday, March 28th. Eight investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, Q2 presently has a consensus rating of "Moderate Buy" and an average target price of $102.33.

Insider Activity at Q2

In other Q2 news, CFO Jonathan Price sold 42,652 shares of the firm's stock in a transaction dated Wednesday, March 12th. The stock was sold at an average price of $74.37, for a total transaction of $3,172,029.24. Following the transaction, the chief financial officer now owns 209,378 shares in the company, valued at approximately $15,571,441.86. This trade represents a 16.92 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Matthew P. Flake sold 56,799 shares of the 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 in the company, valued at $35,527,299.72. This represents a 11.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 193,858 shares of company stock worth $14,853,965 over the last ninety days. Company insiders own 3.00% of the company's stock.

Q2 Price Performance

Shares of NYSE QTWO traded up $2.46 during trading on Wednesday, reaching $77.42. The company had a trading volume of 535,418 shares, compared to its average volume of 651,763. Q2 Holdings, Inc. has a 52 week low of $50.91 and a 52 week high of $112.82. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.40 and a current ratio of 1.40. The business's 50 day moving average price is $79.36 and its 200-day moving average price is $90.22. The stock has a market cap of $4.70 billion, a PE ratio of -119.11 and a beta of 1.61.

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

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.