Q2 Holdings, Inc. (NYSE:QTWO) Shares Bought by Creative Planning

Creative Planning grew its position in Q2 Holdings, Inc. (NYSE:QTWO) by 62.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 19,834 shares of the technology company’s stock after purchasing an additional 7,631 shares during the quarter. Creative Planning’s holdings in Q2 were worth $1,582,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Diversified Trust Co raised its position in shares of Q2 by 6.5% during the 1st quarter. Diversified Trust Co now owns 14,556 shares of the technology company’s stock worth $765,000 after acquiring an additional 886 shares in the last quarter. Accel Wealth Management acquired a new stake in Q2 during the first quarter worth approximately $220,000. BNP Paribas Financial Markets lifted its position in shares of Q2 by 16.2% during the 1st quarter. BNP Paribas Financial Markets now owns 53,701 shares of the technology company’s stock worth $2,823,000 after buying an additional 7,503 shares during the last quarter. Fidelis Capital Partners LLC acquired a new position in shares of Q2 in the 1st quarter valued at $50,000. Finally, Nordea Investment Management AB grew its position in shares of Q2 by 45.2% in the 1st quarter. Nordea Investment Management AB now owns 64,826 shares of the technology company’s stock valued at $3,456,000 after buying an additional 20,195 shares during the last quarter.

Q2 Price Performance

Shares of NYSE:QTWO opened at $84.81 on Wednesday. The company has a quick ratio of 2.44, a current ratio of 2.44 and a debt-to-equity ratio of 1.02. The company has a 50-day moving average price of $77.53 and a 200 day moving average price of $67.23. Q2 Holdings, Inc. has a 52 week low of $28.91 and a 52 week high of $85.41. The company has a market cap of $5.11 billion, a P/E ratio of -73.10 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 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 business had revenue of $172.89 million for the quarter, compared to analyst estimates of $170.67 million. Research analysts predict that Q2 Holdings, Inc. will post -0.01 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. Compass Point began coverage on shares of Q2 in a research note on Wednesday, September 4th. They issued a “buy” rating and a $91.00 price objective for the company. The Goldman Sachs Group upped their target price on Q2 from $59.00 to $86.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Needham & Company LLC reaffirmed an “underperform” rating on shares of Q2 in a research report on Friday, October 18th. Citigroup lowered shares of Q2 from a “buy” rating to a “neutral” rating and raised their target price for the stock from $72.00 to $90.00 in a research report on Friday, October 18th. Finally, 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 research report on Thursday, August 1st. One analyst has rated the stock with a sell rating, five have given a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $73.64.

Insider Buying and Selling

In related news, CRO Michael A. Volanoski sold 1,428 shares of the stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $71.93, for a total value of $102,716.04. Following the sale, the executive now directly owns 227,672 shares of the company’s stock, valued at approximately $16,376,446.96. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CRO Michael A. Volanoski sold 1,428 shares of the company’s stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $71.93, for a total value of $102,716.04. Following the sale, the executive now owns 227,672 shares of the company’s stock, valued at approximately $16,376,446.96. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Jonathan Price sold 11,000 shares of the firm’s stock in a transaction on Friday, August 16th. The stock was sold at an average price of $71.64, for a total value of $788,040.00. Following the transaction, the executive vice president now directly owns 215,079 shares of the company’s stock, valued at $15,408,259.56. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 41,963 shares of company stock valued at $3,109,699. 3.00% of the stock is 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.