Foundations Investment Advisors LLC Acquires 1,810 Shares of Q2 Holdings, Inc. (NYSE:QTWO)

Foundations Investment Advisors LLC lifted its stake in shares of Q2 Holdings, Inc. (NYSE:QTWO) by 13.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 14,834 shares of the technology company’s stock after purchasing an additional 1,810 shares during the period. Foundations Investment Advisors LLC’s holdings in Q2 were worth $1,493,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in QTWO. Parallax Volatility Advisers L.P. grew its stake in Q2 by 5.5% during the third quarter. Parallax Volatility Advisers L.P. now owns 5,549 shares of the technology company’s stock valued at $443,000 after acquiring an additional 288 shares in the last quarter. Quarry LP raised its holdings in shares of Q2 by 988.2% during the 3rd quarter. Quarry LP now owns 370 shares of the technology company’s stock valued at $30,000 after buying an additional 336 shares in the last quarter. King Luther Capital Management Corp raised its stake in shares of Q2 by 0.4% during the third quarter. King Luther Capital Management Corp now owns 140,700 shares of the technology company’s stock worth $11,224,000 after acquiring an additional 604 shares in the last quarter. Quadrature Capital Ltd lifted its stake in Q2 by 12.1% in the third quarter. Quadrature Capital Ltd now owns 6,446 shares of the technology company’s stock worth $514,000 after purchasing an additional 698 shares during the last quarter. Finally, Natixis Advisors LLC lifted its stake in shares of Q2 by 4.5% in the 3rd quarter. Natixis Advisors LLC now owns 17,435 shares of the technology company’s stock valued at $1,391,000 after acquiring an additional 744 shares during the last quarter.

Insider Activity

In other news, President Kirk L. Coleman sold 10,428 shares of the stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $106.42, for a total transaction of $1,109,747.76. Following the completion of the transaction, the president now directly owns 337,643 shares in the company, valued at approximately $35,931,968.06. This represents a 3.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CRO Michael A. Volanoski sold 4,178 shares of the business’s stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $106.00, for a total transaction of $442,868.00. Following the completion of the sale, the executive now owns 223,494 shares in the company, valued at $23,690,364. This represents a 1.84 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 28,836 shares of company stock worth $3,061,035 over the last 90 days. Corporate insiders own 3.00% of the company’s stock.

Wall Street Analyst Weigh In

QTWO has been the topic of a number of recent analyst reports. Piper Sandler lifted their price objective on Q2 from $74.00 to $93.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. Citigroup downgraded shares of Q2 from a “buy” rating to a “neutral” rating and raised their price target for the company from $72.00 to $90.00 in a research report on Friday, October 18th. Stephens upped their target price on shares of Q2 from $75.00 to $100.00 and gave the company an “overweight” rating in a research note on Thursday, November 7th. Robert W. Baird reaffirmed a “neutral” rating and issued a $99.00 price objective (up previously from $89.00) on shares of Q2 in a report on Friday, January 10th. Finally, Stifel Nicolaus upped their target price on shares of Q2 from $100.00 to $115.00 and gave the company a “buy” rating in a report on Wednesday, December 18th. Seven research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $98.07.

Q2 Stock Performance

QTWO opened at $97.34 on Wednesday. The stock has a market capitalization of $5.88 billion, a price-to-earnings ratio of -101.39 and a beta of 1.61. Q2 Holdings, Inc. has a fifty-two week low of $40.60 and a fifty-two week high of $112.82. The company has a debt-to-equity ratio of 0.99, a quick ratio of 2.50 and a current ratio of 2.50. The company has a fifty day moving average of $101.52 and a 200 day moving average of $86.17.

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.