US Bancorp DE Raises Stock Position in Q2 Holdings, Inc. (NYSE:QTWO)

US Bancorp DE grew its holdings in Q2 Holdings, Inc. (NYSE:QTWOFree Report) by 5.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 29,668 shares of the technology company’s stock after acquiring an additional 1,403 shares during the period. US Bancorp DE owned about 0.05% of Q2 worth $1,288,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. Nordea Investment Management AB purchased a new stake in Q2 during the 4th quarter worth $1,938,000. Summit Creek Advisors LLC purchased a new stake in Q2 during the 4th quarter worth $9,170,000. Vanguard Group Inc. increased its stake in Q2 by 7.5% during the 3rd quarter. Vanguard Group Inc. now owns 6,952,848 shares of the technology company’s stock worth $224,368,000 after buying an additional 487,111 shares during the period. Jennison Associates LLC increased its stake in Q2 by 32.0% during the 4th quarter. Jennison Associates LLC now owns 1,616,825 shares of the technology company’s stock worth $70,186,000 after buying an additional 391,539 shares during the period. Finally, Deutsche Bank AG increased its stake in Q2 by 13.4% during the 3rd quarter. Deutsche Bank AG now owns 29,559 shares of the technology company’s stock worth $954,000 after buying an additional 3,496 shares during the period.

Q2 Trading Down 0.4 %

NYSE QTWO opened at $60.82 on Monday. Q2 Holdings, Inc. has a one year low of $27.17 and a one year high of $64.17. The company has a 50-day simple moving average of $56.27 and a 200-day simple moving average of $47.48. The company has a debt-to-equity ratio of 1.06, a quick ratio of 2.38 and a current ratio of 2.38. The firm has a market capitalization of $3.66 billion, a PE ratio of -45.05 and a beta of 1.53.

Q2 (NYSE:QTWOGet Free Report) last posted its quarterly earnings results on Wednesday, May 1st. The technology company reported ($0.04) EPS for the quarter, beating the consensus estimate of ($0.05) by $0.01. Q2 had a negative net margin of 12.35% and a negative return on equity of 5.88%. The business had revenue of $165.51 million during the quarter, compared to analyst estimates of $163.58 million. On average, equities analysts forecast that Q2 Holdings, Inc. will post -0.05 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on QTWO shares. Robert W. Baird lifted their price target on shares of Q2 from $60.00 to $65.00 and gave the stock an “outperform” rating in a research note on Thursday, May 2nd. Morgan Stanley reaffirmed an “equal weight” rating and set a $50.00 price target (up previously from $40.00) on shares of Q2 in a research note on Thursday, May 2nd. Stifel Nicolaus lifted their price target on shares of Q2 from $48.00 to $60.00 and gave the stock a “buy” rating in a research note on Wednesday, April 24th. DA Davidson raised their price objective on shares of Q2 from $58.00 to $65.00 and gave the stock a “buy” rating in a report on Friday, May 3rd. Finally, BTIG Research raised their price objective on shares of Q2 from $48.00 to $60.00 and gave the stock a “buy” rating in a report on Thursday, May 2nd. Four investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $55.33.

Get Our Latest Research Report on QTWO

Insider Buying and Selling at Q2

In other Q2 news, Director Jeffrey T. Diehl sold 27,248 shares of the business’s stock in a transaction dated Wednesday, May 29th. The shares were sold at an average price of $62.51, for a total transaction of $1,703,272.48. Following the completion of the transaction, the director now directly owns 750,314 shares of the company’s stock, valued at approximately $46,902,128.14. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Q2 news, Director R. H. Seale sold 9,000 shares of the business’s stock in a transaction dated Friday, April 19th. The shares were sold at an average price of $50.10, for a total transaction of $450,900.00. Following the completion of the transaction, the director now directly owns 363,754 shares of the company’s stock, valued at approximately $18,224,075.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Jeffrey T. Diehl sold 27,248 shares of the business’s stock in a transaction dated Wednesday, May 29th. The shares were sold at an average price of $62.51, for a total transaction of $1,703,272.48. Following the transaction, the director now directly owns 750,314 shares of the company’s stock, valued at $46,902,128.14. The disclosure for this sale can be found here. Insiders sold 130,172 shares of company stock valued at $6,599,431 in the last ninety days. Company insiders own 3.60% of the company’s stock.

About Q2

(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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