Natixis Advisors LLC Acquires 744 Shares of Q2 Holdings, Inc. (NYSE:QTWO)

Natixis Advisors LLC boosted its holdings in Q2 Holdings, Inc. (NYSE:QTWO) by 4.5% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 17,435 shares of the technology company’s stock after acquiring an additional 744 shares during the period. Natixis Advisors LLC’s holdings in Q2 were worth $1,391,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in QTWO. CWM LLC raised its position in shares of Q2 by 54.2% in the second quarter. CWM LLC now owns 481 shares of the technology company’s stock valued at $29,000 after purchasing an additional 169 shares during the period. Panagora Asset Management Inc. grew its stake in Q2 by 3.1% in the 2nd quarter. Panagora Asset Management Inc. now owns 13,659 shares of the technology company’s stock valued at $824,000 after buying an additional 407 shares during the last quarter. Arizona State Retirement System raised its holdings in Q2 by 2.6% in the 2nd quarter. Arizona State Retirement System now owns 16,537 shares of the technology company’s stock valued at $998,000 after acquiring an additional 423 shares during the period. RiverPark Advisors LLC lifted its position in Q2 by 9.6% during the second quarter. RiverPark Advisors LLC now owns 6,737 shares of the technology company’s stock worth $406,000 after acquiring an additional 591 shares during the last quarter. Finally, nVerses Capital LLC boosted its holdings in shares of Q2 by 26.7% during the third quarter. nVerses Capital LLC now owns 3,800 shares of the technology company’s stock worth $303,000 after acquiring an additional 800 shares during the period.

Q2 Trading Down 0.3 %

Shares of QTWO stock opened at $106.99 on Wednesday. The company has a debt-to-equity ratio of 0.99, a quick ratio of 2.50 and a current ratio of 2.50. Q2 Holdings, Inc. has a fifty-two week low of $34.59 and a fifty-two week high of $108.00. The company has a market cap of $6.46 billion, a PE ratio of -110.83 and a beta of 1.58. The stock’s fifty day moving average price is $86.70 and its two-hundred day moving average price is $73.09.

Analyst Ratings Changes

A number of brokerages have recently weighed in on QTWO. Morgan Stanley increased their target price on Q2 from $65.00 to $90.00 and gave the stock an “equal weight” rating in a research note on Thursday, November 7th. Royal Bank of Canada lifted their target price on Q2 from $76.00 to $105.00 and gave the stock a “sector perform” rating in a report on Thursday, November 7th. The Goldman Sachs Group boosted their target price on shares of Q2 from $86.00 to $103.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Stifel Nicolaus raised their price target on shares of Q2 from $65.00 to $85.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Finally, Stephens boosted their price objective on shares of Q2 from $75.00 to $100.00 and gave the company an “overweight” rating in a report on Thursday, November 7th. Five analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $91.50.

Insider Activity at Q2

In related news, CRO Michael A. Volanoski sold 1,428 shares of the stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $71.93, for a total value of $102,716.04. Following the completion of the transaction, the executive now owns 227,672 shares of the company’s stock, valued at $16,376,446.96. This represents a 0.62 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director James Offerdahl sold 548 shares of the business’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $104.95, for a total transaction of $57,512.60. Following the sale, the director now directly owns 18,241 shares in the company, valued at approximately $1,914,392.95. The trade was a 2.92 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 2,493 shares of company stock valued at $196,863 over the last ninety days. 3.00% of the stock is owned by corporate 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.