Intech Investment Management LLC Makes New $1.23 Million Investment in Q2 Holdings, Inc. (NYSE:QTWO)

Intech Investment Management LLC acquired a new stake in Q2 Holdings, Inc. (NYSE:QTWO) during the third quarter, Holdings Channel.com reports. The firm acquired 15,378 shares of the technology company’s stock, valued at approximately $1,227,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. CWM LLC increased its holdings in Q2 by 54.2% in the second quarter. CWM LLC now owns 481 shares of the technology company’s stock worth $29,000 after purchasing an additional 169 shares in the last quarter. International Assets Investment Management LLC increased its stake in shares of Q2 by 7,878.3% in the 3rd quarter. International Assets Investment Management LLC now owns 1,835 shares of the technology company’s stock valued at $146,000 after acquiring an additional 1,812 shares in the last quarter. Asset Management One Co. Ltd. lifted its position in shares of Q2 by 108.1% during the 3rd quarter. Asset Management One Co. Ltd. now owns 1,856 shares of the technology company’s stock valued at $148,000 after acquiring an additional 964 shares during the period. Quest Partners LLC acquired a new stake in Q2 in the second quarter worth $153,000. Finally, nVerses Capital LLC acquired a new stake in Q2 in the second quarter worth $181,000.

Insider Activity

In other Q2 news, CRO Michael A. Volanoski sold 1,428 shares of the business’s 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 transaction, the executive now directly owns 227,672 shares in the company, valued at $16,376,446.96. The trade was a 0.62 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director James Offerdahl sold 548 shares of the firm’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $104.95, for a total transaction of $57,512.60. Following the sale, the director now owns 18,241 shares of the company’s stock, valued at approximately $1,914,392.95. The trade was a 2.92 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 2,493 shares of company stock valued at $196,863 over the last three months. Corporate insiders own 3.00% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on QTWO. Royal Bank of Canada increased their price objective on shares of Q2 from $76.00 to $105.00 and gave the stock a “sector perform” rating in a research report on Thursday, November 7th. Needham & Company LLC increased their price target on Q2 from $90.00 to $120.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Truist Financial restated a “buy” rating and set a $100.00 price objective (up previously from $78.00) on shares of Q2 in a report on Thursday, November 7th. Stephens increased their target price on Q2 from $75.00 to $100.00 and gave the stock an “overweight” rating in a report on Thursday, November 7th. Finally, Morgan Stanley boosted their price target on shares of Q2 from $65.00 to $90.00 and gave the company an “equal weight” rating in a research note on Thursday, November 7th. Five investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $91.50.

Q2 Trading Down 0.3 %

NYSE:QTWO opened at $106.99 on Wednesday. Q2 Holdings, Inc. has a 52 week low of $34.59 and a 52 week high of $108.00. The firm has a 50-day moving average price of $86.70 and a two-hundred day moving average price of $73.09. The company has a debt-to-equity ratio of 0.99, a quick ratio of 2.50 and a current ratio of 2.50. The firm has a market cap of $6.46 billion, a price-to-earnings ratio of -111.45 and a beta of 1.58.

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.