Q2 Holdings, Inc. (NYSE:QTWO) Shares Sold by PFG Investments LLC

PFG Investments LLC reduced its holdings in Q2 Holdings, Inc. (NYSE:QTWO) by 1.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 8,002 shares of the technology company’s stock after selling 150 shares during the period. PFG Investments LLC’s holdings in Q2 were worth $805,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Versor Investments LP acquired a new stake in Q2 in the third quarter valued at approximately $590,000. Perpetual Ltd acquired a new stake in shares of Q2 in the third quarter worth approximately $80,788,000. State Street Corp boosted its stake in shares of Q2 by 0.3% in the third quarter. State Street Corp now owns 1,668,767 shares of the technology company’s stock worth $133,118,000 after acquiring an additional 5,000 shares during the last quarter. BNP Paribas Financial Markets boosted its stake in shares of Q2 by 32.2% in the third quarter. BNP Paribas Financial Markets now owns 30,720 shares of the technology company’s stock worth $2,451,000 after acquiring an additional 7,475 shares during the last quarter. Finally, Nordea Investment Management AB boosted its stake in shares of Q2 by 61.8% in the fourth quarter. Nordea Investment Management AB now owns 111,110 shares of the technology company’s stock worth $11,208,000 after acquiring an additional 42,433 shares during the last quarter.

Analyst Ratings Changes

QTWO has been the topic of a number of research analyst reports. The Goldman Sachs Group lifted their price target on Q2 from $86.00 to $103.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. DA Davidson lifted their price target on Q2 from $76.00 to $86.00 and gave the stock a “neutral” rating in a research note on Monday, November 11th. Stephens lifted their price target on Q2 from $75.00 to $100.00 and gave the stock an “overweight” rating in a research note on Thursday, November 7th. Morgan Stanley boosted their price objective on Q2 from $65.00 to $90.00 and gave the stock an “equal weight” rating in a research note on Thursday, November 7th. Finally, Truist Financial reissued a “buy” rating and set a $100.00 price objective (up previously from $78.00) on shares of Q2 in a research note on Thursday, November 7th. Seven analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $98.07.

Insider Activity at Q2

In other Q2 news, President Kirk L. Coleman sold 10,428 shares of the company’s stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $106.42, for a total transaction of $1,109,747.76. Following the sale, the president now owns 337,643 shares in the company, valued at $35,931,968.06. This represents a 3.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director James Offerdahl sold 548 shares of the company’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $104.95, for a total value of $57,512.60. Following the sale, the director now owns 18,241 shares in the company, valued at approximately $1,914,392.95. This trade represents a 2.92 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 28,836 shares of company stock worth $3,061,035. 3.00% of the stock is currently owned by company insiders.

Q2 Price Performance

QTWO stock opened at $97.34 on Wednesday. The company has a current ratio of 2.50, a quick ratio of 2.50 and a debt-to-equity ratio of 0.99. The company has a market capitalization of $5.88 billion, a PE ratio of -101.39 and a beta of 1.61. Q2 Holdings, Inc. has a 12-month low of $40.60 and a 12-month high of $112.82. The business’s fifty day moving average price is $101.52 and its 200 day moving average price is $86.17.

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.