4,962 Shares in Q2 Holdings, Inc. (NYSE:QTWO) Acquired by AlphaQuest LLC

AlphaQuest LLC bought a new position in Q2 Holdings, Inc. (NYSE:QTWO) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 4,962 shares of the technology company’s stock, valued at approximately $499,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Highland Capital Management LLC increased its holdings in Q2 by 6.6% in the 4th quarter. Highland Capital Management LLC now owns 2,775 shares of the technology company’s stock worth $279,000 after acquiring an additional 172 shares in the last quarter. Arizona State Retirement System increased its holdings in Q2 by 1.1% in the 4th quarter. Arizona State Retirement System now owns 17,495 shares of the technology company’s stock worth $1,761,000 after acquiring an additional 190 shares in the last quarter. Parallax Volatility Advisers L.P. increased its holdings in Q2 by 5.5% in the 3rd quarter. Parallax Volatility Advisers L.P. now owns 5,549 shares of the technology company’s stock worth $443,000 after acquiring an additional 288 shares in the last quarter. SBI Securities Co. Ltd. purchased a new stake in Q2 in the 4th quarter worth approximately $30,000. Finally, Ameliora Wealth Management Ltd. purchased a new stake in Q2 in the 4th quarter worth approximately $32,000.

Insider Buying and Selling

In other news, CEO Matthew P. Flake sold 56,799 shares of Q2 stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $78.28, for a total transaction of $4,446,225.72. Following the completion of the sale, the chief executive officer now directly owns 453,849 shares in the company, valued at approximately $35,527,299.72. This trade represents a 11.12 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director James Offerdahl sold 1,000 shares of Q2 stock in a transaction on Monday, February 24th. The stock was sold at an average price of $87.96, for a total value of $87,960.00. Following the sale, the director now owns 17,241 shares of the company’s stock, valued at approximately $1,516,518.36. This trade represents a 5.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.00% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms recently issued reports on QTWO. Stephens reissued an “overweight” rating and issued a $115.00 target price on shares of Q2 in a report on Thursday, February 13th. Truist Financial reaffirmed a “buy” rating and set a $110.00 price objective (up from $100.00) on shares of Q2 in a report on Thursday, February 13th. Royal Bank of Canada increased their price objective on shares of Q2 from $105.00 to $108.00 and gave the company a “sector perform” rating in a report on Thursday, February 13th. Baird R W lowered shares of Q2 from a “strong-buy” rating to a “hold” rating in a report on Friday, January 10th. Finally, KeyCorp raised shares of Q2 from a “sector weight” rating to an “overweight” rating and set a $126.00 price objective for the company in a report on Wednesday, December 18th. Seven analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $105.27.

Q2 Stock Up 1.9 %

NYSE QTWO opened at $75.25 on Thursday. The company has a market capitalization of $4.57 billion, a P/E ratio of -115.76 and a beta of 1.62. The stock has a 50 day moving average price of $90.88 and a 200-day moving average price of $90.15. Q2 Holdings, Inc. has a one year low of $46.50 and a one year high of $112.82. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.40 and a current ratio of 1.40.

Q2 (NYSE:QTWO) last issued its quarterly earnings results on Wednesday, February 12th. The technology company reported $0.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.30). Q2 had a positive return on equity of 0.85% and a negative net margin of 5.53%. As a group, equities analysts predict that Q2 Holdings, Inc. will post 0.67 EPS for the current fiscal year.

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.