Janney Montgomery Scott LLC Makes New $288,000 Investment in Q2 Holdings, Inc. (NYSE:QTWO)

Janney Montgomery Scott LLC acquired a new stake in Q2 Holdings, Inc. (NYSE:QTWO) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 2,863 shares of the technology company’s stock, valued at approximately $288,000.

A number of other institutional investors also recently modified their holdings of QTWO. Dakota Wealth Management increased its stake in Q2 by 189.8% in the fourth quarter. Dakota Wealth Management now owns 16,030 shares of the technology company’s stock valued at $1,613,000 after purchasing an additional 10,498 shares in the last quarter. Atomi Financial Group Inc. acquired a new stake in shares of Q2 in the 4th quarter valued at about $348,000. Diversified Trust Co bought a new stake in Q2 in the 4th quarter valued at about $203,000. Nordea Investment Management AB raised its stake in Q2 by 61.8% during the 4th quarter. Nordea Investment Management AB now owns 111,110 shares of the technology company’s stock worth $11,208,000 after buying an additional 42,433 shares during the period. Finally, Principal Financial Group Inc. boosted its holdings in Q2 by 38.6% in the third quarter. Principal Financial Group Inc. now owns 176,695 shares of the technology company’s stock worth $14,095,000 after acquiring an additional 49,233 shares in the last quarter.

Insider Activity

In other news, Director James Offerdahl sold 548 shares of the firm’s stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $104.95, for a total transaction of $57,512.60. Following the completion of the sale, the director now owns 18,241 shares in the company, valued at $1,914,392.95. This trade represents a 2.92 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, President Kirk L. Coleman sold 10,428 shares of the company’s stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $106.42, for a total value of $1,109,747.76. Following the completion of the transaction, the president now owns 337,643 shares in the company, valued at approximately $35,931,968.06. The trade was a 3.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 28,836 shares of company stock valued at $3,061,035 in the last ninety days. 3.00% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

QTWO has been the subject of several recent research reports. Robert W. Baird restated a “neutral” rating and set a $99.00 price objective (up previously from $89.00) on shares of Q2 in a report on Friday, January 10th. The Goldman Sachs Group upped their price objective on shares of Q2 from $86.00 to $103.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Needham & Company LLC lifted their price objective on shares of Q2 from $90.00 to $120.00 and gave the company a “buy” rating in a report on Thursday, November 7th. DA Davidson boosted their target price on shares of Q2 from $76.00 to $86.00 and gave the stock a “neutral” rating in a research report on Monday, November 11th. Finally, KeyCorp raised shares of Q2 from a “sector weight” rating to an “overweight” rating and set a $126.00 price target on the stock in a research report on Wednesday, December 18th. Seven equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, Q2 presently has an average rating of “Moderate Buy” and a consensus target price of $98.07.

Q2 Stock Performance

Shares of Q2 stock opened at $91.69 on Wednesday. The business’s fifty day simple moving average is $99.70 and its 200 day simple moving average is $87.89. The company has a current ratio of 2.50, a quick ratio of 2.50 and a debt-to-equity ratio of 0.99. Q2 Holdings, Inc. has a 12 month low of $41.23 and a 12 month high of $112.82. The firm has a market capitalization of $5.54 billion, a P/E ratio of -95.51 and a beta of 1.61.

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.