Handelsbanken Fonder AB Purchases 2,000 Shares of Q2 Holdings, Inc. (NYSE:QTWO)

Handelsbanken Fonder AB lifted its holdings in shares of Q2 Holdings, Inc. (NYSE:QTWO) by 0.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 473,816 shares of the technology company’s stock after buying an additional 2,000 shares during the quarter. Handelsbanken Fonder AB owned about 0.79% of Q2 worth $37,796,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. PEAK6 Investments LLC grew its stake in shares of Q2 by 68.8% during the fourth quarter. PEAK6 Investments LLC now owns 69,205 shares of the technology company’s stock worth $3,004,000 after purchasing an additional 28,215 shares during the period. Seven Eight Capital LP increased its stake in shares of Q2 by 79.6% in the 4th quarter. Seven Eight Capital LP now owns 18,823 shares of the technology company’s stock valued at $817,000 after acquiring an additional 8,344 shares during the last quarter. Los Angeles Capital Management LLC raised its position in shares of Q2 by 35.9% in the 1st quarter. Los Angeles Capital Management LLC now owns 18,558 shares of the technology company’s stock valued at $975,000 after acquiring an additional 4,905 shares during the period. Contravisory Investment Management Inc. boosted its stake in Q2 by 4.4% during the 1st quarter. Contravisory Investment Management Inc. now owns 7,164 shares of the technology company’s stock worth $377,000 after acquiring an additional 304 shares during the last quarter. Finally, Diversified Trust Co grew its holdings in Q2 by 6.5% during the first quarter. Diversified Trust Co now owns 14,556 shares of the technology company’s stock valued at $765,000 after purchasing an additional 886 shares during the period.

Q2 Stock Up 2.3 %

QTWO traded up $1.78 on Friday, hitting $79.59. 368,848 shares of the company were exchanged, compared to its average volume of 519,292. The stock’s fifty day moving average is $73.29 and its 200-day moving average is $63.77. Q2 Holdings, Inc. has a 12 month low of $28.91 and a 12 month high of $82.72. The company has a debt-to-equity ratio of 1.02, a quick ratio of 2.44 and a current ratio of 2.44. The company has a market cap of $4.80 billion, a PE ratio of -58.96 and a beta of 1.59.

Q2 (NYSE:QTWO) last announced its quarterly earnings data on Wednesday, July 31st. The technology company reported ($0.06) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.03). Q2 had a negative return on equity of 3.95% and a negative net margin of 10.40%. The company had revenue of $172.89 million for the quarter, compared to the consensus estimate of $170.67 million. Equities research analysts predict that Q2 Holdings, Inc. will post -0.01 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on QTWO shares. BTIG Research lifted their price target on shares of Q2 from $75.00 to $82.00 and gave the stock a “buy” rating in a research report on Monday, August 26th. Compass Point began coverage on shares of Q2 in a report on Wednesday, September 4th. They set a “buy” rating and a $91.00 target price on the stock. Stifel Nicolaus upped their price target on shares of Q2 from $65.00 to $85.00 and gave the company a “buy” rating in a report on Thursday, August 1st. The Goldman Sachs Group raised their price objective on shares of Q2 from $59.00 to $86.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Finally, Truist Financial reaffirmed a “buy” rating and issued a $78.00 target price (up from $68.00) on shares of Q2 in a research note on Thursday, August 1st. Four research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, Q2 presently has a consensus rating of “Moderate Buy” and a consensus target price of $72.38.

Insider Buying and Selling at Q2

In related news, Director James Offerdahl sold 1,013 shares of Q2 stock in a transaction dated Wednesday, August 28th. The stock was sold at an average price of $73.97, for a total transaction of $74,931.61. Following the completion of the transaction, the director now owns 18,789 shares in the company, valued at approximately $1,389,822.33. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, Director James Offerdahl sold 1,013 shares of the firm’s stock in a transaction that occurred on Wednesday, August 28th. The stock was sold at an average price of $73.97, for a total value of $74,931.61. Following the completion of the sale, the director now directly owns 18,789 shares of the company’s stock, valued at $1,389,822.33. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Jeffrey T. Diehl sold 28,005 shares of Q2 stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $75.25, for a total value of $2,107,376.25. Following the transaction, the director now owns 397,702 shares of the company’s stock, valued at $29,927,075.50. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 43,916 shares of company stock worth $3,236,644 over the last quarter. 3.60% of the stock is currently owned by insiders.

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.