Raymond James Financial Inc. Purchases Shares of 181,534 Q2 Holdings, Inc. (NYSE:QTWO)

Raymond James Financial Inc. purchased a new position in Q2 Holdings, Inc. (NYSE:QTWO) during the 4th quarter, HoldingsChannel.com reports. The institutional investor purchased 181,534 shares of the technology company’s stock, valued at approximately $18,271,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Nordea Investment Management AB raised its stake in Q2 by 61.8% during the fourth quarter. Nordea Investment Management AB now owns 111,110 shares of the technology company’s stock valued at $11,208,000 after purchasing an additional 42,433 shares in the last quarter. Janney Montgomery Scott LLC purchased a new stake in shares of Q2 during the 4th quarter valued at about $288,000. Charles Schwab Investment Management Inc. grew its position in Q2 by 2.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 507,065 shares of the technology company’s stock worth $51,036,000 after acquiring an additional 10,636 shares in the last quarter. Dakota Wealth Management increased its stake in Q2 by 189.8% during the fourth quarter. Dakota Wealth Management now owns 16,030 shares of the technology company’s stock worth $1,613,000 after acquiring an additional 10,498 shares during the last quarter. Finally, Inspire Investing LLC raised its position in Q2 by 103.7% during the fourth quarter. Inspire Investing LLC now owns 13,032 shares of the technology company’s stock valued at $1,312,000 after purchasing an additional 6,633 shares during the period.

Q2 Stock Up 0.1 %

Q2 stock opened at $74.97 on Monday. Q2 Holdings, Inc. has a twelve month low of $50.04 and a twelve month high of $112.82. The business has a fifty day moving average of $80.11 and a two-hundred day moving average of $90.38. The firm has a market cap of $4.55 billion, a P/E ratio of -115.34 and a beta of 1.61. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.58.

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

Insider Transactions at Q2

In other Q2 news, CRO Michael A. Volanoski sold 15,005 shares of the firm’s stock in a transaction dated Wednesday, March 12th. The stock was sold at an average price of $74.12, for a total value of $1,112,170.60. Following the completion of the sale, the executive now owns 197,966 shares of the company’s stock, valued at approximately $14,673,239.92. This trade represents a 7.05 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Matthew P. Flake sold 56,799 shares of the company’s stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $78.28, for a total transaction of $4,446,225.72. Following the transaction, the chief executive officer now owns 453,849 shares in the company, valued at approximately $35,527,299.72. This trade represents a 11.12 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 193,858 shares of company stock valued at $14,853,965 in the last 90 days. Insiders own 3.00% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on QTWO shares. Stephens reissued an “overweight” rating and set a $115.00 target price on shares of Q2 in a research report on Thursday, February 13th. Truist Financial restated a “buy” rating and issued a $110.00 target price (up previously from $100.00) on shares of Q2 in a report on Thursday, February 13th. Stifel Nicolaus upped their price target on shares of Q2 from $115.00 to $125.00 and gave the company a “buy” rating in a report on Thursday, February 13th. Citigroup raised their price objective on shares of Q2 from $96.00 to $100.00 and gave the stock a “neutral” rating in a research note on Thursday, February 13th. Finally, Royal Bank of Canada lifted their target price on Q2 from $105.00 to $108.00 and gave the stock a “sector perform” rating in a research report on Thursday, February 13th. Eight research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $102.33.

About Q2

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.