Q2 Holdings, Inc. (NYSE:QTWO) Shares Purchased by Dakota Wealth Management

Dakota Wealth Management lifted its position in shares of Q2 Holdings, Inc. (NYSE:QTWO) by 189.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,030 shares of the technology company’s stock after purchasing an additional 10,498 shares during the period. Dakota Wealth Management’s holdings in Q2 were worth $1,613,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the company. Conestoga Capital Advisors LLC lifted its position in shares of Q2 by 1.5% during the third quarter. Conestoga Capital Advisors LLC now owns 2,308,194 shares of the technology company’s stock worth $184,125,000 after purchasing an additional 34,300 shares in the last quarter. State Street Corp lifted its position in shares of Q2 by 0.3% during the third quarter. State Street Corp now owns 1,668,767 shares of the technology company’s stock worth $133,118,000 after purchasing an additional 5,000 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Q2 by 1.5% during the third quarter. Geode Capital Management LLC now owns 1,353,156 shares of the technology company’s stock worth $107,963,000 after purchasing an additional 19,520 shares in the last quarter. Perpetual Ltd acquired a new position in shares of Q2 during the third quarter worth $80,788,000. Finally, Dimensional Fund Advisors LP lifted its position in shares of Q2 by 9.4% during the second quarter. Dimensional Fund Advisors LP now owns 1,002,372 shares of the technology company’s stock worth $60,474,000 after purchasing an additional 86,329 shares in the last quarter.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. Royal Bank of Canada boosted their target price 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. The Goldman Sachs Group lifted their price target on shares of Q2 from $86.00 to $103.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Citigroup lowered shares of Q2 from a “buy” rating to a “neutral” rating and lifted their price target for the stock from $72.00 to $90.00 in a research note on Friday, October 18th. Compass Point lifted their price target on shares of Q2 from $91.00 to $107.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Finally, Needham & Company LLC lifted their price target on shares of Q2 from $90.00 to $120.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Seven research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $98.07.

Insider Transactions at Q2

In related news, Director James Offerdahl sold 548 shares of the company’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $104.95, for a total value of $57,512.60. Following the completion of the sale, the director now owns 18,241 shares of the company’s stock, valued at $1,914,392.95. This represents a 2.92 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, 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 completion of the sale, the president now directly owns 337,643 shares of the company’s stock, valued at $35,931,968.06. The trade was a 3.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 28,836 shares of company stock worth $3,061,035. Insiders own 3.00% of the company’s stock.

Q2 Stock Up 0.6 %

Q2 stock opened at $94.61 on Friday. The company has a 50-day simple moving average of $101.76 and a 200-day simple moving average of $85.12. The firm has a market capitalization of $5.71 billion, a P/E ratio of -98.56 and a beta of 1.61. 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 one year low of $40.60 and a one year high of $112.82.

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.