Q2 Holdings, Inc. $QTWO Shares Acquired by Compound Planning Inc.

Compound Planning Inc. lifted its position in Q2 Holdings, Inc. (NYSE:QTWO) by 13.0% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 3,904 shares of the technology company’s stock after buying an additional 450 shares during the period. Compound Planning Inc.’s holdings in Q2 were worth $312,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Invesco Ltd. raised its stake in shares of Q2 by 2.3% in the 1st quarter. Invesco Ltd. now owns 2,675,224 shares of the technology company’s stock worth $214,045,000 after buying an additional 60,958 shares in the last quarter. Conestoga Capital Advisors LLC raised its stake in shares of Q2 by 1.6% in the 1st quarter. Conestoga Capital Advisors LLC now owns 1,957,893 shares of the technology company’s stock worth $156,651,000 after buying an additional 30,480 shares in the last quarter. Massachusetts Financial Services Co. MA raised its stake in shares of Q2 by 28.1% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 1,724,135 shares of the technology company’s stock worth $137,948,000 after buying an additional 378,394 shares in the last quarter. Jennison Associates LLC raised its stake in shares of Q2 by 3.3% in the 1st quarter. Jennison Associates LLC now owns 1,301,772 shares of the technology company’s stock worth $104,155,000 after buying an additional 41,412 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its stake in shares of Q2 by 105.8% in the 4th quarter. Ameriprise Financial Inc. now owns 1,012,787 shares of the technology company’s stock worth $101,937,000 after buying an additional 520,649 shares in the last quarter.

Insiders Place Their Bets

In other Q2 news, insider John E. Breeden sold 6,105 shares of Q2 stock in a transaction on Monday, August 18th. The shares were sold at an average price of $75.27, for a total transaction of $459,523.35. Following the completion of the sale, the insider owned 149,643 shares of the company’s stock, valued at $11,263,628.61. This trade represents a 3.92% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director James Offerdahl sold 786 shares of the company’s stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $74.15, for a total transaction of $58,281.90. Following the completion of the transaction, the director directly owned 17,792 shares in the company, valued at $1,319,276.80. This trade represents a 4.23% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 9,485 shares of company stock worth $750,307 in the last quarter. 0.31% of the stock is currently owned by corporate insiders.

Q2 Price Performance

NYSE QTWO opened at $78.17 on Thursday. The firm has a market capitalization of $4.88 billion, a price-to-earnings ratio of 1,563.61 and a beta of 1.47. The company has a 50 day simple moving average of $85.48 and a 200-day simple moving average of $83.85. Q2 Holdings, Inc. has a 52-week low of $63.61 and a 52-week high of $112.82.

Analysts Set New Price Targets

QTWO has been the topic of a number of research reports. Morgan Stanley boosted their price objective on Q2 from $89.00 to $93.00 and gave the stock an “equal weight” rating in a research note on Thursday, May 8th. Stifel Nicolaus boosted their price objective on Q2 from $105.00 to $110.00 and gave the stock a “buy” rating in a research note on Thursday, July 31st. Needham & Company LLC upped their target price on Q2 from $110.00 to $115.00 and gave the company a “buy” rating in a report on Thursday, July 31st. JPMorgan Chase & Co. began coverage on Q2 in a research report on Wednesday, June 18th. They issued an “overweight” rating and a $115.00 price target for the company. Finally, Robert W. Baird boosted their price objective on Q2 from $84.00 to $90.00 and gave the stock a “neutral” rating in a report on Thursday, May 8th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and eight have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $102.25.

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.