Conestoga Capital Advisors LLC raised its stake in shares of Q2 Holdings, Inc. (NYSE:QTWO – Free Report) by 1.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,308,194 shares of the technology company’s stock after acquiring an additional 34,300 shares during the period. Q2 comprises approximately 2.5% of Conestoga Capital Advisors LLC’s investment portfolio, making the stock its 15th largest holding. Conestoga Capital Advisors LLC owned 3.83% of Q2 worth $184,125,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also recently bought and sold shares of the company. Hood River Capital Management LLC purchased a new position in Q2 in the first quarter worth $62,765,000. American Century Companies Inc. raised its position in Q2 by 5,990.6% in the second quarter. American Century Companies Inc. now owns 1,210,143 shares of the technology company’s stock worth $73,008,000 after acquiring an additional 1,190,274 shares during the period. Perpetual Ltd purchased a new position in Q2 in the third quarter valued at about $80,788,000. Price T Rowe Associates Inc. MD grew its position in shares of Q2 by 1,910.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 719,767 shares of the technology company’s stock valued at $37,832,000 after acquiring an additional 683,957 shares during the period. Finally, Mesirow Institutional Investment Management Inc. purchased a new stake in shares of Q2 during the 1st quarter worth approximately $19,101,000.
Q2 Price Performance
NYSE QTWO traded up $1.41 during trading hours on Friday, reaching $86.07. 223,848 shares of the stock traded hands, compared to its average volume of 578,517. The stock has a 50 day simple moving average of $78.26 and a two-hundred day simple moving average of $67.71. Q2 Holdings, Inc. has a 1 year low of $30.89 and a 1 year high of $86.25. The company has a debt-to-equity ratio of 1.02, a current ratio of 2.44 and a quick ratio of 2.44. The company has a market cap of $5.19 billion, a price-to-earnings ratio of -72.98 and a beta of 1.59.
Insider Activity
In related news, General Counsel Michael S. Kerr sold 517 shares of Q2 stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of $70.86, for a total value of $36,634.62. Following the transaction, the general counsel now owns 61,130 shares in the company, valued at $4,331,671.80. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, General Counsel Michael S. Kerr sold 517 shares of Q2 stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of $70.86, for a total value of $36,634.62. Following the transaction, the general counsel now directly owns 61,130 shares of the company’s stock, valued at $4,331,671.80. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CRO Michael A. Volanoski sold 1,428 shares of the stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $71.93, for a total transaction of $102,716.04. Following the sale, the executive now directly owns 227,672 shares of the company’s stock, valued at $16,376,446.96. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 41,963 shares of company stock valued at $3,109,699. Corporate insiders own 3.00% of the company’s stock.
Analyst Ratings Changes
QTWO has been the subject of several research reports. BTIG Research increased their price objective on Q2 from $75.00 to $82.00 and gave the company a “buy” rating in a report on Monday, August 26th. Truist Financial reiterated a “buy” rating and set a $78.00 target price (up previously from $68.00) on shares of Q2 in a research report on Thursday, August 1st. Needham & Company LLC restated an “underperform” rating on shares of Q2 in a research note on Friday, October 18th. Royal Bank of Canada reaffirmed a “sector perform” rating on shares of Q2 in a report on Friday, October 18th. Finally, Compass Point started coverage on shares of Q2 in a research report on Wednesday, September 4th. They issued a “buy” rating and a $91.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $73.64.
View Our Latest Analysis on Q2
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.
Featured Articles
- Five stocks we like better than Q2
- What Are the U.K. Market Holidays? How to Invest and Trade
- Meta’s Q3 Earnings Beat—Is This Dip a Golden Entry Opportunity?
- How Can Retail Investors Trade the Toronto Stock Exchange (TSX)?
- Top Nuclear Stocks Thriving on Soaring Energy Demand
- Low PE Growth Stocks: Unlocking Investment Opportunities
- Apple Earnings – When Really Good Just Isn’t Good Enough
Want to see what other hedge funds are holding QTWO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Q2 Holdings, Inc. (NYSE:QTWO – Free Report).
Receive News & Ratings for Q2 Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Q2 and related companies with MarketBeat.com's FREE daily email newsletter.