Vontobel Holding Ltd. Invests $1.30 Million in Q2 Holdings, Inc. (NYSE:QTWO)

Vontobel Holding Ltd. bought a new stake in Q2 Holdings, Inc. (NYSE:QTWO) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 12,905 shares of the technology company’s stock, valued at approximately $1,299,000.

Other hedge funds have also recently bought and sold shares of the company. Quarry LP grew its position in shares of Q2 by 988.2% in the 3rd quarter. Quarry LP now owns 370 shares of the technology company’s stock worth $30,000 after acquiring an additional 336 shares in the last quarter. Ameliora Wealth Management Ltd. bought a new stake in shares of Q2 in the 4th quarter worth approximately $32,000. CWM LLC raised its stake in Q2 by 199.8% during the 3rd quarter. CWM LLC now owns 1,442 shares of the technology company’s stock valued at $115,000 after acquiring an additional 961 shares in the last quarter. International Assets Investment Management LLC raised its stake in Q2 by 7,878.3% during the 3rd quarter. International Assets Investment Management LLC now owns 1,835 shares of the technology company’s stock valued at $146,000 after acquiring an additional 1,812 shares in the last quarter. Finally, Asset Management One Co. Ltd. raised its stake in Q2 by 108.1% during the 3rd quarter. Asset Management One Co. Ltd. now owns 1,856 shares of the technology company’s stock valued at $148,000 after acquiring an additional 964 shares in the last quarter.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. Raymond James lifted their target price on Q2 from $100.00 to $110.00 and gave the stock an “outperform” rating in a report on Thursday, February 13th. Truist Financial restated a “buy” rating and issued a $110.00 target price (up from $100.00) on shares of Q2 in a report on Thursday, February 13th. Piper Sandler lifted their price target on Q2 from $74.00 to $93.00 and gave the company a “neutral” rating in a report on Thursday, November 7th. Morgan Stanley lifted their price target on Q2 from $65.00 to $90.00 and gave the company an “equal weight” rating in a report on Thursday, November 7th. Finally, DA Davidson lifted their price target on Q2 from $76.00 to $86.00 and gave the company a “neutral” rating in a report on Monday, November 11th. Seven equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, Q2 currently has an average rating of “Moderate Buy” and an average price target of $102.13.

Insider Activity

In other Q2 news, CRO Michael A. Volanoski sold 5,123 shares of the business’s stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $106.12, for a total transaction of $543,652.76. Following the transaction, the executive now owns 218,371 shares of the company’s stock, valued at $23,173,530.52. The trade was a 2.29 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, President Kirk L. Coleman sold 10,428 shares of the business’s stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $106.42, for a total value of $1,109,747.76. Following the sale, the president now owns 337,643 shares of the company’s stock, valued at approximately $35,931,968.06. This represents a 3.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 28,836 shares of company stock valued at $3,061,035 in the last 90 days. 3.00% of the stock is owned by company insiders.

Q2 Stock Down 1.7 %

NYSE:QTWO opened at $91.26 on Tuesday. The stock’s fifty day moving average price is $97.97 and its two-hundred day moving average price is $88.73. Q2 Holdings, Inc. has a 52-week low of $41.23 and a 52-week high of $112.82. The company has a debt-to-equity ratio of 0.99, a quick ratio of 2.50 and a current ratio of 2.50. The company has a market cap of $5.51 billion, a price-to-earnings ratio of -95.06 and a beta of 1.61.

Q2 (NYSE:QTWO) last posted its quarterly earnings results 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 8.40% and a negative return on equity of 2.30%. On average, analysts anticipate that Q2 Holdings, Inc. will post 0.08 EPS for the current year.

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.