Cookson Peirce & Co. Inc. Increases Stake in Q2 Holdings, Inc. (NYSE:QTWO)

Cookson Peirce & Co. Inc. lifted its stake in shares of Q2 Holdings, Inc. (NYSE:QTWOFree Report) by 0.6% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 116,814 shares of the technology company’s stock after buying an additional 754 shares during the quarter. Cookson Peirce & Co. Inc.’s holdings in Q2 were worth $9,346,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. Summit Investment Advisors Inc. increased its holdings in shares of Q2 by 3.3% in the 4th quarter. Summit Investment Advisors Inc. now owns 6,156 shares of the technology company’s stock valued at $620,000 after acquiring an additional 195 shares during the last quarter. Xponance Inc. boosted its holdings in Q2 by 5.1% in the first quarter. Xponance Inc. now owns 4,576 shares of the technology company’s stock valued at $366,000 after purchasing an additional 224 shares in the last quarter. Mutual of America Capital Management LLC raised its holdings in Q2 by 0.6% during the first quarter. Mutual of America Capital Management LLC now owns 42,820 shares of the technology company’s stock worth $3,426,000 after purchasing an additional 248 shares in the last quarter. Summit Global Investments lifted its position in shares of Q2 by 2.6% during the 1st quarter. Summit Global Investments now owns 9,902 shares of the technology company’s stock worth $792,000 after buying an additional 255 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. grew its position in shares of Q2 by 10.0% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 2,861 shares of the technology company’s stock valued at $229,000 after buying an additional 259 shares during the last quarter.

Insider Buying and Selling at Q2

In other Q2 news, Director James Offerdahl sold 1,000 shares of the business’s stock in a transaction on Thursday, May 22nd. The shares were sold at an average price of $87.77, for a total transaction of $87,770.00. Following the sale, the director directly owned 16,241 shares in the company, valued at approximately $1,425,472.57. The trade was a 5.80% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CRO Michael A. Volanoski sold 1,428 shares of the company’s stock in a transaction on Thursday, June 12th. The stock was sold at an average price of $88.88, for a total transaction of $126,920.64. Following the transaction, the executive directly owned 175,812 shares in the company, valued at approximately $15,626,170.56. This trade represents a 0.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 4,380 shares of company stock valued at $378,554 in the last quarter. 0.31% of the stock is currently owned by company insiders.

Q2 Price Performance

QTWO opened at $76.33 on Thursday. Q2 Holdings, Inc. has a 12 month low of $63.61 and a 12 month high of $112.82. The stock has a market capitalization of $4.77 billion, a P/E ratio of 1,526.91 and a beta of 1.47. The business has a 50 day simple moving average of $87.98 and a 200-day simple moving average of $85.16.

Analysts Set New Price Targets

QTWO has been the subject of several research analyst reports. Wall Street Zen downgraded shares of Q2 from a “strong-buy” rating to a “buy” rating in a research note on Sunday, June 8th. Stifel Nicolaus upped their target price on Q2 from $105.00 to $110.00 and gave the company a “buy” rating in a research report on Thursday, July 31st. Needham & Company LLC raised their price target on Q2 from $110.00 to $115.00 and gave the stock a “buy” rating in a research note on Thursday, July 31st. Royal Bank Of Canada boosted their price objective on Q2 from $101.00 to $102.00 and gave the company a “sector perform” rating in a research note on Thursday, July 31st. Finally, Robert W. Baird lifted their price objective on shares of Q2 from $84.00 to $90.00 and gave the company a “neutral” rating in a research note on Thursday, May 8th. Eight investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $101.06.

Read Our Latest Stock Analysis on QTWO

Q2 Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Q2 (NYSE:QTWO)

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