Q2 Holdings, Inc. (NYSE:QTWO) Shares Bought by Raymond James & Associates

Raymond James & Associates boosted its position in shares of Q2 Holdings, Inc. (NYSE:QTWOGet Rating) by 0.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 109,237 shares of the technology company’s stock after buying an additional 400 shares during the period. Raymond James & Associates’ holdings in Q2 were worth $3,517,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in QTWO. Ellevest Inc. lifted its stake in shares of Q2 by 669.1% in the second quarter. Ellevest Inc. now owns 723 shares of the technology company’s stock worth $28,000 after buying an additional 629 shares in the last quarter. Canada Pension Plan Investment Board purchased a new position in Q2 in the 1st quarter worth approximately $49,000. Harbor Investment Advisory LLC boosted its holdings in shares of Q2 by 50.1% during the 2nd quarter. Harbor Investment Advisory LLC now owns 1,117 shares of the technology company’s stock worth $43,000 after purchasing an additional 373 shares during the last quarter. Captrust Financial Advisors grew its position in shares of Q2 by 370.8% in the second quarter. Captrust Financial Advisors now owns 1,243 shares of the technology company’s stock valued at $48,000 after purchasing an additional 979 shares in the last quarter. Finally, Asset Management One Co. Ltd. increased its holdings in shares of Q2 by 34.3% in the second quarter. Asset Management One Co. Ltd. now owns 1,463 shares of the technology company’s stock valued at $56,000 after purchasing an additional 374 shares during the last quarter.

Q2 Price Performance

Shares of QTWO opened at $30.65 on Friday. The firm has a market capitalization of $1.76 billion, a price-to-earnings ratio of -17.22 and a beta of 1.42. The firm’s fifty day simple moving average is $27.24 and its 200-day simple moving average is $33.84. Q2 Holdings, Inc. has a twelve month low of $20.93 and a twelve month high of $68.46. The company has a current ratio of 3.00, a quick ratio of 3.00 and a debt-to-equity ratio of 1.53.

Q2 (NYSE:QTWOGet Rating) last announced its quarterly earnings results on Monday, November 7th. The technology company reported ($0.19) EPS for the quarter, beating the consensus estimate of ($0.27) by $0.08. Q2 had a negative net margin of 18.50% and a negative return on equity of 9.53%. The company had revenue of $144.75 million for the quarter, compared to analyst estimates of $146.61 million. Equities analysts forecast that Q2 Holdings, Inc. will post -0.78 EPS for the current fiscal year.

Insider Buying and Selling

In other Q2 news, CFO David J. Mehok sold 1,202 shares of the company’s stock in a transaction on Monday, December 12th. The shares were sold at an average price of $27.03, for a total value of $32,490.06. Following the completion of the transaction, the chief financial officer now owns 87,678 shares in the company, valued at $2,369,936.34. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CFO David J. Mehok sold 1,202 shares of the company’s stock in a transaction dated Monday, December 12th. The stock was sold at an average price of $27.03, for a total value of $32,490.06. Following the completion of the sale, the chief financial officer now directly owns 87,678 shares of the company’s stock, valued at approximately $2,369,936.34. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Kirk L. Coleman sold 2,874 shares of the firm’s stock in a transaction that occurred on Monday, December 12th. The stock was sold at an average price of $27.03, for a total value of $77,684.22. Following the transaction, the insider now owns 106,029 shares in the company, valued at approximately $2,865,963.87. The disclosure for this sale can be found here. 3.50% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on QTWO shares. Canaccord Genuity Group lowered their price objective on Q2 from $100.00 to $60.00 and set a “buy” rating on the stock in a research note on Tuesday, November 8th. Stephens dropped their price target on shares of Q2 from $55.00 to $30.00 and set an “equal weight” rating for the company in a research note on Tuesday, November 8th. Stifel Nicolaus reduced their price target on shares of Q2 from $70.00 to $60.00 in a research report on Tuesday, October 4th. Canaccord Genuity Group cut their target price on Q2 from $100.00 to $60.00 in a research note on Tuesday, November 8th. Finally, Morgan Stanley reduced their target price on Q2 from $50.00 to $28.00 and set an “equal weight” rating on the stock in a research report on Tuesday, November 8th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $46.92.

Q2 Profile

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Q2 Holdings, Inc provides cloud-based digital banking solutions to regional and community financial institutions (RCFIs) in the United States. The company offers Q2 Consumer Banking, a browser-based digital banking solution and comprehensive financial institution branded digital banking capabilities; Q2 Small Business and Commercial, a mobile and tablet digital banking solution; Q2mobile Remote Deposit Capture, a partnered solution that allows remote check deposit capture.

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Institutional Ownership by Quarter for Q2 (NYSE:QTWO)

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