Entropy Technologies LP Makes New $872,000 Investment in Q2 Holdings, Inc. (NYSE:QTWO)

Entropy Technologies LP bought a new stake in Q2 Holdings, Inc. (NYSE:QTWO) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 8,661 shares of the technology company’s stock, valued at approximately $872,000.

A number of other hedge funds have also made changes to their positions in QTWO. Quarry LP lifted 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 during the last quarter. Ameliora Wealth Management Ltd. bought a new position in Q2 during the fourth quarter valued at approximately $32,000. CWM LLC lifted its stake in Q2 by 199.8% in the third quarter. CWM LLC now owns 1,442 shares of the technology company’s stock valued at $115,000 after acquiring an additional 961 shares during the last quarter. International Assets Investment Management LLC grew its position in Q2 by 7,878.3% in the third quarter. International Assets Investment Management LLC now owns 1,835 shares of the technology company’s stock worth $146,000 after acquiring an additional 1,812 shares in the last quarter. Finally, Asset Management One Co. Ltd. increased its stake 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 purchasing an additional 964 shares during the last quarter.

Q2 Trading Up 0.5 %

NYSE QTWO opened at $94.21 on Tuesday. The company has a market cap of $5.69 billion, a PE ratio of -98.13 and a beta of 1.61. Q2 Holdings, Inc. has a 12 month low of $41.23 and a 12 month high of $112.82. The stock has a 50 day moving average of $99.95 and a 200-day moving average of $87.70. The company has a current ratio of 2.50, a quick ratio of 2.50 and a debt-to-equity ratio of 0.99.

Insider Transactions at Q2

In related news, Director James Offerdahl sold 548 shares of the company’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $104.95, for a total value of $57,512.60. Following the transaction, the director now owns 18,241 shares in the company, valued at approximately $1,914,392.95. This represents a 2.92 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, President Kirk L. Coleman sold 8,559 shares of the company’s stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of $106.00, for a total value of $907,254.00. Following the completion of the transaction, the president now directly owns 340,903 shares in the company, valued at $36,135,718. The trade was a 2.45 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 28,836 shares of company stock worth $3,061,035. 3.00% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on QTWO shares. Morgan Stanley raised their target price on Q2 from $65.00 to $90.00 and gave the company an “equal weight” rating in a report on Thursday, November 7th. Royal Bank of Canada boosted their target price on Q2 from $76.00 to $105.00 and gave the stock a “sector perform” rating in a report on Thursday, November 7th. Truist Financial reaffirmed a “buy” rating and set a $100.00 target price (up previously from $78.00) on shares of Q2 in a research report on Thursday, November 7th. Robert W. Baird reissued a “neutral” rating and issued a $99.00 price target (up previously from $89.00) on shares of Q2 in a research report on Friday, January 10th. Finally, The Goldman Sachs Group upped their price objective on shares of Q2 from $86.00 to $103.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Seven investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $98.07.

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.