Versor Investments LP purchased a new position in shares of Q2 Holdings, Inc. (NYSE:QTWO - Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 7,400 shares of the technology company's stock, valued at approximately $590,000.
A number of other large investors have also modified their holdings of the company. CWM LLC grew its stake in shares of Q2 by 54.2% in the second quarter. CWM LLC now owns 481 shares of the technology company's stock worth $29,000 after purchasing an additional 169 shares in the last quarter. International Assets Investment Management LLC increased its stake in Q2 by 7,878.3% during the 3rd quarter. International Assets Investment Management LLC now owns 1,835 shares of the technology company's stock valued at $146,000 after buying an additional 1,812 shares during the period. Asset Management One Co. Ltd. raised its position in shares of Q2 by 108.1% during 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 in the last quarter. Quest Partners LLC bought a new stake in shares of Q2 during the 2nd quarter worth about $153,000. Finally, SG Americas Securities LLC acquired a new stake in shares of Q2 in the 1st quarter worth approximately $173,000.
Insider Activity
In other Q2 news, EVP Jonathan Price sold 11,000 shares of the stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $71.64, for a total value of $788,040.00. Following the transaction, the executive vice president now owns 215,079 shares of the company's stock, valued at approximately $15,408,259.56. This represents a 4.87 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Jeffrey T. Diehl sold 28,005 shares of the stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $75.25, for a total transaction of $2,107,376.25. Following the completion of the sale, the director now owns 397,702 shares in the company, valued at $29,927,075.50. This represents a 6.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 41,963 shares of company stock worth $3,109,699. Corporate insiders own 3.00% of the company's stock.
Wall Street Analysts Forecast Growth
Several brokerages have recently issued reports on QTWO. Truist Financial reiterated a "buy" rating and set a $100.00 price target (up from $78.00) on shares of Q2 in a research report on Thursday, November 7th. DA Davidson lifted their target price on Q2 from $76.00 to $86.00 and gave the stock a "neutral" rating in a report on Monday. Piper Sandler upped their price target on shares of Q2 from $74.00 to $93.00 and gave the company a "neutral" rating in a report on Thursday, November 7th. Royal Bank of Canada raised their price objective on shares of Q2 from $76.00 to $105.00 and gave the company a "sector perform" rating in a research report on Thursday, November 7th. Finally, Needham & Company LLC increased their target price on shares of Q2 from $90.00 to $120.00 and gave the company a "buy" rating in a research note on Thursday, November 7th. Five equities research 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 stock has a consensus rating of "Moderate Buy" and a consensus target price of $91.50.
Read Our Latest Stock Analysis on QTWO
Q2 Stock Performance
Shares of QTWO stock traded down $5.47 during mid-day trading on Thursday, reaching $97.83. The stock had a trading volume of 718,443 shares, compared to its average volume of 597,084. The firm has a market cap of $5.91 billion, a PE ratio of -102.63 and a beta of 1.58. The company has a quick ratio of 2.50, a current ratio of 2.50 and a debt-to-equity ratio of 0.99. Q2 Holdings, Inc. has a one year low of $34.59 and a one year high of $105.00. The firm's 50 day simple moving average is $82.11 and its 200 day simple moving average is $70.58.
About Q2
(
Free Report)
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.
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