Q2 Holdings, Inc. $QTWO Holdings Boosted by Invst LLC

Invst LLC boosted its position in shares of Q2 Holdings, Inc. (NYSE:QTWO) by 93.7% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 7,981 shares of the technology company’s stock after purchasing an additional 3,861 shares during the period. Invst LLC’s holdings in Q2 were worth $639,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in QTWO. Deutsche Bank AG grew its position in Q2 by 47.5% during the 4th quarter. Deutsche Bank AG now owns 57,009 shares of the technology company’s stock worth $5,738,000 after purchasing an additional 18,346 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Q2 by 4.1% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 33,508 shares of the technology company’s stock worth $3,373,000 after purchasing an additional 1,316 shares in the last quarter. Quantinno Capital Management LP purchased a new position in Q2 during the 4th quarter worth approximately $3,648,000. ProShare Advisors LLC grew its position in Q2 by 46.4% during the 4th quarter. ProShare Advisors LLC now owns 16,845 shares of the technology company’s stock worth $1,695,000 after purchasing an additional 5,337 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new position in Q2 during the 4th quarter worth approximately $207,000.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the stock. Stifel Nicolaus lifted their price objective on shares of Q2 from $105.00 to $110.00 and gave the stock a “buy” rating in a research report on Thursday, July 31st. Cantor Fitzgerald assumed coverage on shares of Q2 in a report on Tuesday, June 3rd. They set an “overweight” rating and a $110.00 price target on the stock. Royal Bank Of Canada boosted their price target on shares of Q2 from $101.00 to $102.00 and gave the company a “sector perform” rating in a report on Thursday, July 31st. Needham & Company LLC boosted their price target on shares of Q2 from $110.00 to $115.00 and gave the company a “buy” rating in a report on Thursday, July 31st. Finally, JPMorgan Chase & Co. assumed coverage on shares of Q2 in a report on Wednesday, June 18th. They set an “overweight” rating and a $115.00 price target on the stock. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $102.25.

Q2 Trading Down 0.6%

QTWO stock opened at $82.23 on Friday. Q2 Holdings, Inc. has a 1 year low of $63.61 and a 1 year high of $112.82. The company has a fifty day simple moving average of $82.51 and a 200 day simple moving average of $82.99. The firm has a market cap of $5.13 billion, a PE ratio of 1,644.93 and a beta of 1.49.

Insider Buying and Selling at Q2

In related news, insider John E. Breeden sold 6,105 shares of Q2 stock in a transaction on Monday, August 18th. The shares were sold at an average price of $75.27, for a total value of $459,523.35. Following the completion of the sale, the insider owned 149,643 shares of the company’s stock, valued at approximately $11,263,628.61. The trade was a 3.92% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director James Offerdahl sold 786 shares of the business’s stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $74.15, for a total transaction of $58,281.90. Following the transaction, the director directly owned 17,792 shares of the company’s stock, valued at approximately $1,319,276.80. This represents a 4.23% decrease in their position. The disclosure for this sale can be found here. 0.31% of the stock is currently owned by insiders.

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.