Q2 Holdings, Inc. (NYSE:QTWO) Shares Acquired by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Q2 Holdings, Inc. (NYSE:QTWO) by 66.2% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 179,409 shares of the technology company’s stock after acquiring an additional 71,440 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Q2 were worth $18,058,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Proficio Capital Partners LLC acquired a new stake in shares of Q2 in the 4th quarter worth $29,000. SBI Securities Co. Ltd. acquired a new stake in shares of Q2 during the 4th quarter worth about $30,000. TCTC Holdings LLC acquired a new stake in shares of Q2 during the 4th quarter worth about $30,000. Ameliora Wealth Management Ltd. acquired a new stake in shares of Q2 during the 4th quarter worth about $32,000. Finally, NewEdge Advisors LLC increased its position in shares of Q2 by 269.6% during the 4th quarter. NewEdge Advisors LLC now owns 377 shares of the technology company’s stock worth $38,000 after purchasing an additional 275 shares during the last quarter.

Q2 Stock Performance

Shares of Q2 stock opened at $87.56 on Thursday. The business has a 50-day moving average of $81.01 and a 200 day moving average of $90.28. Q2 Holdings, Inc. has a 12 month low of $55.97 and a 12 month high of $112.82. The stock has a market capitalization of $5.46 billion, a price-to-earnings ratio of -134.71 and a beta of 1.47. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.40 and a quick ratio of 1.40.

Wall Street Analysts Forecast Growth

QTWO has been the subject of a number of recent analyst reports. Robert W. Baird raised their price objective on Q2 from $84.00 to $90.00 and gave the stock a “neutral” rating in a research report on Thursday, May 8th. Royal Bank of Canada cut their price objective on Q2 from $108.00 to $101.00 and set a “sector perform” rating for the company in a research report on Thursday, May 8th. Stifel Nicolaus raised their price objective on Q2 from $100.00 to $105.00 and gave the stock a “buy” rating in a research report on Thursday, May 8th. Needham & Company LLC cut their price objective on Q2 from $125.00 to $110.00 and set a “buy” rating for the company in a research report on Thursday, May 8th. Finally, Compass Point reissued a “neutral” rating and set a $60.00 price objective on shares of Q2 in a research report on Monday, April 7th. Eight analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, Q2 currently has a consensus rating of “Moderate Buy” and an average price target of $98.80.

Insider Activity

In other news, Director James Offerdahl sold 1,000 shares of Q2 stock in a transaction dated Thursday, May 22nd. The stock was sold at an average price of $87.77, for a total value of $87,770.00. Following the completion of the transaction, the director now owns 16,241 shares in the company, valued at approximately $1,425,472.57. This trade represents a 5.80% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Matthew P. Flake sold 56,799 shares of Q2 stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $78.28, for a total value of $4,446,225.72. Following the completion of the transaction, the chief executive officer now owns 453,849 shares of the company’s stock, valued at $35,527,299.72. The trade was a 11.12% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 194,255 shares of company stock worth $14,890,656. 3.00% of the stock is currently owned by company 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.