Raymond James Financial Inc. Acquires New Holdings in Q2 Holdings, Inc. (NYSE:QTWO)

Raymond James Financial Inc. purchased a new stake in Q2 Holdings, Inc. (NYSE:QTWO) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 181,534 shares of the technology company’s stock, valued at approximately $18,271,000. Raymond James Financial Inc. owned 0.30% of Q2 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Natixis Advisors LLC boosted its stake in shares of Q2 by 4.5% in the 3rd quarter. Natixis Advisors LLC now owns 17,435 shares of the technology company’s stock valued at $1,391,000 after purchasing an additional 744 shares in the last quarter. Swiss National Bank raised its holdings in shares of Q2 by 1.0% in the third quarter. Swiss National Bank now owns 117,400 shares of the technology company’s stock valued at $9,365,000 after buying an additional 1,200 shares during the last quarter. Pathstone Holdings LLC raised its holdings in shares of Q2 by 7.0% in the third quarter. Pathstone Holdings LLC now owns 31,191 shares of the technology company’s stock valued at $2,488,000 after buying an additional 2,035 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG bought a new position in shares of Q2 in the third quarter valued at about $2,559,000. Finally, Segall Bryant & Hamill LLC raised its holdings in shares of Q2 by 3.9% in the third quarter. Segall Bryant & Hamill LLC now owns 266,079 shares of the technology company’s stock valued at $21,225,000 after buying an additional 9,976 shares during the last quarter.

Insider Activity at Q2

In other Q2 news, CRO Michael A. Volanoski sold 15,005 shares of the stock in a transaction on Wednesday, March 12th. The stock was sold at an average price of $74.12, for a total transaction of $1,112,170.60. Following the transaction, the executive now owns 197,966 shares in the company, valued at $14,673,239.92. This trade represents a 7.05 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Kimberly Anne Rutledge sold 6,656 shares of the stock in a transaction on Wednesday, March 12th. The stock was sold at an average price of $74.12, for a total value of $493,342.72. Following the transaction, the insider now owns 113,278 shares in the company, valued at $8,396,165.36. The trade was a 5.55 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 157,835 shares of company stock worth $11,959,517. Company insiders own 3.00% of the company’s stock.

Q2 Trading Up 1.7 %

NYSE:QTWO opened at $77.19 on Tuesday. Q2 Holdings, Inc. has a twelve month low of $46.50 and a twelve month high of $112.82. The company has a market cap of $4.69 billion, a P/E ratio of -118.75 and a beta of 1.62. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.58. The business has a 50 day moving average price of $89.34 and a two-hundred day moving average price of $90.29.

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

Analysts Set New Price Targets

Several analysts have weighed in on QTWO shares. Robert W. Baird reissued a “neutral” rating and set a $99.00 price objective (up from $89.00) on shares of Q2 in a report on Friday, January 10th. Baird R W cut Q2 from a “strong-buy” rating to a “hold” rating in a report on Friday, January 10th. Citigroup boosted their price objective on Q2 from $96.00 to $100.00 and gave the stock a “neutral” rating in a report on Thursday, February 13th. Needham & Company LLC boosted their target price on Q2 from $120.00 to $125.00 and gave the stock a “buy” rating in a research report on Thursday, February 13th. Finally, Stifel Nicolaus boosted their target price on Q2 from $115.00 to $125.00 and gave the stock a “buy” rating in a research report on Thursday, February 13th. Seven equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $105.27.

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.