International Assets Investment Management LLC Has $146,000 Stock Holdings in Q2 Holdings, Inc. (NYSE:QTWO)

International Assets Investment Management LLC lifted its position in Q2 Holdings, Inc. (NYSE:QTWO) by 7,878.3% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 1,835 shares of the technology company’s stock after purchasing an additional 1,812 shares during the quarter. International Assets Investment Management LLC’s holdings in Q2 were worth $146,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. DekaBank Deutsche Girozentrale grew its stake in Q2 by 67.4% during the first quarter. DekaBank Deutsche Girozentrale now owns 55,617 shares of the technology company’s stock worth $2,908,000 after buying an additional 22,400 shares during the last quarter. Perpetual Ltd bought a new stake in Q2 during the 3rd quarter worth approximately $80,788,000. Oppenheimer & Co. Inc. acquired a new stake in Q2 during the 1st quarter valued at $1,055,000. Picton Mahoney Asset Management bought a new position in Q2 in the 1st quarter valued at $5,591,000. Finally, Price T Rowe Associates Inc. MD boosted its stake in Q2 by 1,910.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 719,767 shares of the technology company’s stock worth $37,832,000 after purchasing an additional 683,957 shares in the last quarter.

Q2 Price Performance

Shares of QTWO stock opened at $102.17 on Friday. The firm has a market capitalization of $6.16 billion, a price-to-earnings ratio of -88.08 and a beta of 1.58. Q2 Holdings, Inc. has a 12-month low of $32.97 and a 12-month high of $105.00. 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 firm has a fifty day moving average of $79.80 and a 200-day moving average of $69.08.

Q2 (NYSE:QTWO) last announced its quarterly earnings results on Wednesday, November 6th. The technology company reported ($0.03) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.04) by $0.01. Q2 had a negative return on equity of 3.95% and a negative net margin of 10.40%. The company had revenue of $175.02 million during the quarter, compared to the consensus estimate of $173.31 million. On average, equities research analysts forecast that Q2 Holdings, Inc. will post -0.02 earnings per share for the current year.

Insiders Place Their Bets

In other news, EVP Jonathan Price sold 11,000 shares of the company’s stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $71.64, for a total value of $788,040.00. Following the completion of the transaction, the executive vice president now owns 215,079 shares in the company, valued at $15,408,259.56. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Q2 news, EVP Jonathan Price sold 11,000 shares of Q2 stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $71.64, for a total value of $788,040.00. Following the sale, the executive vice president now owns 215,079 shares of the company’s stock, valued at $15,408,259.56. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, General Counsel Michael S. Kerr sold 517 shares of the company’s stock in a transaction dated 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 directly owns 61,130 shares of the company’s stock, valued at $4,331,671.80. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 41,963 shares of company stock worth $3,109,699. Company insiders own 3.00% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on QTWO shares. BTIG Research raised their target price on Q2 from $75.00 to $82.00 and gave the company a “buy” rating in a research note on Monday, August 26th. Compass Point lifted their target price on Q2 from $91.00 to $107.00 and gave the company a “buy” rating in a research note on Thursday. The Goldman Sachs Group raised their target price on shares of Q2 from $86.00 to $103.00 and gave the company a “buy” rating in a research note on Thursday. Stephens boosted their price target on shares of Q2 from $75.00 to $100.00 and gave the stock an “overweight” rating in a research note on Thursday. Finally, Stifel Nicolaus raised their price objective on shares of Q2 from $65.00 to $85.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Five research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $90.79.

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.