Oppenheimer Asset Management Inc. lowered its holdings in Q2 Holdings, Inc. (NYSE:QTWO – Free Report) by 3.9% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 31,712 shares of the technology company’s stock after selling 1,273 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Q2 were worth $1,023,000 at the end of the most recent reporting period.
A number of other hedge funds have also made changes to their positions in the business. Vanguard Group Inc. increased its holdings in shares of Q2 by 1.5% in the 3rd quarter. Vanguard Group Inc. now owns 5,358,013 shares of the technology company’s stock valued at $172,527,000 after acquiring an additional 80,534 shares during the last quarter. Wasatch Advisors LP increased its holdings in shares of Q2 by 37.1% in the 2nd quarter. Wasatch Advisors LP now owns 4,992,304 shares of the technology company’s stock valued at $154,262,000 after acquiring an additional 1,350,892 shares during the last quarter. Macquarie Group Ltd. increased its holdings in shares of Q2 by 2.2% in the 1st quarter. Macquarie Group Ltd. now owns 1,800,789 shares of the technology company’s stock valued at $44,335,000 after acquiring an additional 38,855 shares during the last quarter. State Street Corp increased its holdings in shares of Q2 by 13.9% in the 2nd quarter. State Street Corp now owns 1,470,709 shares of the technology company’s stock valued at $45,445,000 after acquiring an additional 179,514 shares during the last quarter. Finally, Jennison Associates LLC increased its holdings in shares of Q2 by 147.4% in the 3rd quarter. Jennison Associates LLC now owns 1,225,286 shares of the technology company’s stock valued at $39,540,000 after acquiring an additional 729,959 shares during the last quarter.
Q2 Stock Up 2.7 %
Shares of QTWO stock opened at $42.66 on Friday. The business’s 50 day moving average is $41.68 and its two-hundred day moving average is $36.19. Q2 Holdings, Inc. has a twelve month low of $18.91 and a twelve month high of $45.00. The company has a current ratio of 2.25, a quick ratio of 2.25 and a debt-to-equity ratio of 1.11.
Insider Buying and Selling at Q2
Wall Street Analysts Forecast Growth
A number of research firms have recently commented on QTWO. The Goldman Sachs Group increased their price objective on Q2 from $39.00 to $51.00 and gave the company a “buy” rating in a report on Tuesday, January 23rd. Stephens raised Q2 from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $36.00 to $46.00 in a research report on Thursday, December 7th. Canaccord Genuity Group reaffirmed a “buy” rating and set a $40.00 price target on shares of Q2 in a research report on Thursday, November 2nd. TheStreet raised Q2 from a “d+” rating to a “c-” rating in a research report on Friday, December 29th. Finally, Needham & Company LLC lifted their price target on Q2 from $40.00 to $50.00 and gave the stock a “buy” rating in a research report on Monday, December 18th. Four equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $39.47.
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.
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