Natixis Advisors LLC Has $1.39 Million Stock Holdings in Q2 Holdings, Inc. (NYSE:QTWO)

Natixis Advisors LLC raised its holdings in Q2 Holdings, Inc. (NYSE:QTWO) by 4.5% in the 3rd quarter, HoldingsChannel reports. The fund owned 17,435 shares of the technology company’s stock after acquiring an additional 744 shares during the period. Natixis Advisors LLC’s holdings in Q2 were worth $1,391,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. 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 valued at $29,000 after purchasing an additional 169 shares during the period. Panagora Asset Management Inc. grew its position in shares of Q2 by 3.1% in the 2nd quarter. Panagora Asset Management Inc. now owns 13,659 shares of the technology company’s stock valued at $824,000 after buying an additional 407 shares during the last quarter. Arizona State Retirement System increased its stake in shares of Q2 by 2.6% in the second quarter. Arizona State Retirement System now owns 16,537 shares of the technology company’s stock valued at $998,000 after buying an additional 423 shares during the period. RiverPark Advisors LLC raised its position in shares of Q2 by 9.6% during the second quarter. RiverPark Advisors LLC now owns 6,737 shares of the technology company’s stock worth $406,000 after acquiring an additional 591 shares during the last quarter. Finally, nVerses Capital LLC lifted its stake in shares of Q2 by 26.7% in the third quarter. nVerses Capital LLC now owns 3,800 shares of the technology company’s stock worth $303,000 after acquiring an additional 800 shares during the period.

Analyst Ratings Changes

QTWO has been the subject of a number of recent analyst reports. Citigroup downgraded shares of Q2 from a “buy” rating to a “neutral” rating and increased their target price for the company from $72.00 to $90.00 in a research report on Friday, October 18th. BTIG Research increased their price objective on shares of Q2 from $75.00 to $82.00 and gave the stock a “buy” rating in a research report on Monday, August 26th. Piper Sandler boosted their target price on shares of Q2 from $74.00 to $93.00 and gave the company a “neutral” rating in a report on Thursday, November 7th. Royal Bank of Canada upped their price target on shares of Q2 from $76.00 to $105.00 and gave the company a “sector perform” rating in a research report on Thursday, November 7th. Finally, Truist Financial reissued a “buy” rating and issued a $100.00 price objective (up from $78.00) on shares of Q2 in a research note on Thursday, November 7th. Five equities research 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 presently has an average rating of “Moderate Buy” and an average target price of $91.50.

Insider Transactions at Q2

In other news, General Counsel Michael S. Kerr sold 517 shares of the business’s stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $70.86, for a total transaction of $36,634.62. Following the completion of the sale, the general counsel now directly owns 61,130 shares of the company’s stock, valued at $4,331,671.80. The trade was a 0.84 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CRO Michael A. Volanoski sold 1,428 shares of Q2 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 owns 227,672 shares of the company’s stock, valued at $16,376,446.96. This trade represents a 0.62 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 2,493 shares of company stock valued at $196,863 over the last ninety days. 3.00% of the stock is owned by company insiders.

Q2 Stock Down 0.3 %

Shares of NYSE:QTWO opened at $106.99 on Wednesday. The company has a debt-to-equity ratio of 0.99, a quick ratio of 2.50 and a current ratio of 2.50. Q2 Holdings, Inc. has a 52-week low of $34.59 and a 52-week high of $108.00. The business’s 50 day simple moving average is $86.70 and its two-hundred day simple moving average is $73.09. The firm has a market cap of $6.46 billion, a P/E ratio of -110.83 and a beta of 1.58.

Q2 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.