Capital Fund Management S.A. Takes Position in Q2 Holdings, Inc. $QTWO

Capital Fund Management S.A. bought a new stake in Q2 Holdings, Inc. (NYSE:QTWO) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 81,010 shares of the technology company’s stock, valued at approximately $6,482,000. Capital Fund Management S.A. owned about 0.13% of Q2 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. NewEdge Advisors LLC raised its stake in shares of Q2 by 269.6% in the fourth quarter. NewEdge Advisors LLC now owns 377 shares of the technology company’s stock valued at $38,000 after acquiring an additional 275 shares during the last quarter. Versant Capital Management Inc acquired a new stake in shares of Q2 in the first quarter valued at approximately $33,000. Larson Financial Group LLC increased its holdings in shares of Q2 by 2,630.0% in the first quarter. Larson Financial Group LLC now owns 546 shares of the technology company’s stock valued at $44,000 after purchasing an additional 526 shares in the last quarter. TCTC Holdings LLC increased its holdings in shares of Q2 by 103.1% in the first quarter. TCTC Holdings LLC now owns 597 shares of the technology company’s stock valued at $48,000 after purchasing an additional 303 shares in the last quarter. Finally, Summit Securities Group LLC acquired a new stake in shares of Q2 in the first quarter valued at approximately $64,000.

Insider Buying and Selling at Q2

In other news, CRO Michael A. Volanoski sold 1,428 shares of the business’s stock in a transaction on Thursday, June 12th. The shares were sold at an average price of $88.88, for a total value of $126,920.64. Following the completion of the transaction, the executive owned 175,812 shares of the company’s stock, valued at $15,626,170.56. The trade was a 0.81% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider John E. Breeden sold 6,105 shares of the business’s 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 transaction, the insider directly 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 disclosure for this sale can be found here. Over the last ninety days, insiders have sold 9,485 shares of company stock valued at $750,307. 0.31% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on QTWO. Cantor Fitzgerald began coverage on shares of Q2 in a report on Tuesday, June 3rd. They issued an “overweight” rating and a $110.00 price target for the company. Stifel Nicolaus raised their price target on shares of Q2 from $105.00 to $110.00 and gave the company a “buy” rating in a report on Thursday, July 31st. Needham & Company LLC raised their price target on shares of Q2 from $110.00 to $115.00 and gave the company a “buy” rating in a report on Thursday, July 31st. Zacks Research raised shares of Q2 to a “strong-buy” rating in a report on Friday, August 8th. Finally, Raymond James Financial lowered their price target on shares of Q2 from $110.00 to $105.00 and set an “outperform” rating for the company in a report on Thursday, May 8th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and eight have issued a Hold rating to the company’s stock. According to MarketBeat.com, Q2 currently has an average rating of “Moderate Buy” and an average price target of $101.06.

Q2 Stock Performance

Shares of QTWO stock opened at $79.53 on Friday. Q2 Holdings, Inc. has a 52-week low of $63.61 and a 52-week high of $112.82. The stock has a market cap of $4.97 billion, a PE ratio of 1,590.92 and a beta of 1.47. The firm’s 50 day moving average price is $86.09 and its two-hundred day moving average price is $84.20.

Q2 Company 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.