Charles Schwab Investment Management Inc. Acquires 234 Shares of Q2 Holdings, Inc. (NYSE:QTWO)

Charles Schwab Investment Management Inc. boosted its stake in shares of Q2 Holdings, Inc. (NYSE:QTWO) by 0.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 496,429 shares of the technology company’s stock after buying an additional 234 shares during the period. Charles Schwab Investment Management Inc. owned 0.82% of Q2 worth $39,600,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of QTWO. Intech Investment Management LLC purchased a new stake in shares of Q2 during the 3rd quarter worth $1,227,000. King Luther Capital Management Corp raised its holdings in Q2 by 0.4% in the third quarter. King Luther Capital Management Corp now owns 140,700 shares of the technology company’s stock worth $11,224,000 after purchasing an additional 604 shares in the last quarter. Moran Wealth Management LLC lifted its position in shares of Q2 by 31.0% during the third quarter. Moran Wealth Management LLC now owns 7,900 shares of the technology company’s stock valued at $630,000 after buying an additional 1,870 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in shares of Q2 by 33.2% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 221,034 shares of the technology company’s stock valued at $17,632,000 after buying an additional 55,107 shares in the last quarter. Finally, Segall Bryant & Hamill LLC grew its position in shares of Q2 by 3.9% in the 3rd quarter. Segall Bryant & Hamill LLC now owns 266,079 shares of the technology company’s stock worth $21,225,000 after buying an additional 9,976 shares during the last quarter.

Q2 Trading Up 1.8 %

Shares of Q2 stock opened at $106.61 on Tuesday. The firm has a fifty day moving average price of $89.39 and a 200 day moving average price of $74.63. The stock has a market cap of $6.44 billion, a PE ratio of -111.05 and a beta of 1.58. Q2 Holdings, Inc. has a 1 year low of $36.93 and a 1 year high of $108.22. The company has a debt-to-equity ratio of 0.99, a current ratio of 2.50 and a quick ratio of 2.50.

Analyst Ratings Changes

Several equities research analysts have weighed in on the stock. Needham & Company LLC raised their target price on shares of Q2 from $90.00 to $120.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. The Goldman Sachs Group raised their price objective on Q2 from $86.00 to $103.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. BTIG Research upped their target price on Q2 from $75.00 to $82.00 and gave the company a “buy” rating in a research report on Monday, August 26th. Royal Bank of Canada raised their price target on Q2 from $76.00 to $105.00 and gave the stock a “sector perform” rating in a report on Thursday, November 7th. Finally, DA Davidson upped their price objective on shares of Q2 from $76.00 to $86.00 and gave the company a “neutral” rating in a report on Monday, November 11th. Five analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, Q2 presently has an average rating of “Moderate Buy” and an average price target of $91.50.

Insider Transactions at Q2

In related news, Director James Offerdahl sold 548 shares of the company’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $104.95, for a total value of $57,512.60. Following the completion of the transaction, the director now owns 18,241 shares of the company’s stock, valued at approximately $1,914,392.95. This represents a 2.92 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, General Counsel Michael S. Kerr sold 517 shares of the stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $70.86, for a total value of $36,634.62. Following the transaction, the general counsel now owns 61,130 shares in the company, valued at $4,331,671.80. This represents a 0.84 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 2,493 shares of company stock worth $196,863 over the last quarter. 3.00% of the stock is currently owned by insiders.

Q2 Company Profile

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.