PEAK6 Investments LLC Purchases 28,215 Shares of Q2 Holdings, Inc. (NYSE:QTWO)

PEAK6 Investments LLC lifted its position in shares of Q2 Holdings, Inc. (NYSE:QTWOFree Report) by 68.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 69,205 shares of the technology company’s stock after acquiring an additional 28,215 shares during the quarter. PEAK6 Investments LLC owned approximately 0.12% of Q2 worth $3,004,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Vanguard Group Inc. boosted its stake in Q2 by 7.5% in the third quarter. Vanguard Group Inc. now owns 6,952,848 shares of the technology company’s stock valued at $224,368,000 after acquiring an additional 487,111 shares during the last quarter. Conestoga Capital Advisors LLC grew its stake in shares of Q2 by 13.2% during the fourth quarter. Conestoga Capital Advisors LLC now owns 2,203,414 shares of the technology company’s stock worth $95,650,000 after purchasing an additional 256,802 shares during the period. North Reef Capital Management LP grew its stake in shares of Q2 by 21.2% during the third quarter. North Reef Capital Management LP now owns 2,070,000 shares of the technology company’s stock worth $66,799,000 after purchasing an additional 362,227 shares during the period. Jennison Associates LLC increased its holdings in Q2 by 32.0% in the fourth quarter. Jennison Associates LLC now owns 1,616,825 shares of the technology company’s stock valued at $70,186,000 after purchasing an additional 391,539 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its stake in Q2 by 8.5% in the third quarter. Massachusetts Financial Services Co. MA now owns 1,147,474 shares of the technology company’s stock valued at $37,029,000 after buying an additional 89,674 shares during the period.

Insider Buying and Selling

In other Q2 news, Director Jeffrey T. Diehl sold 27,248 shares of the firm’s stock in a transaction on Wednesday, May 29th. The stock was sold at an average price of $62.51, for a total transaction of $1,703,272.48. Following the completion of the sale, the director now owns 750,314 shares of the company’s stock, valued at approximately $46,902,128.14. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director Jeffrey T. Diehl sold 27,248 shares of the stock in a transaction dated Wednesday, May 29th. The shares were sold at an average price of $62.51, for a total value 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director R. H. Seale sold 9,000 shares of the firm’s stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $48.49, for a total transaction of $436,410.00. Following the sale, the director now owns 372,754 shares of the company’s stock, valued at approximately $18,074,841.46. The disclosure for this sale can be found here. In the last three months, insiders have sold 62,535 shares of company stock valued at $3,469,670. 3.60% of the stock is owned by insiders.

Q2 Price Performance

Shares of NYSE QTWO opened at $61.14 on Friday. The company has a debt-to-equity ratio of 1.06, a current ratio of 2.38 and a quick ratio of 2.38. The business has a 50-day moving average of $57.19 and a 200-day moving average of $48.29. The stock has a market capitalization of $3.67 billion, a price-to-earnings ratio of -45.29 and a beta of 1.53. Q2 Holdings, Inc. has a fifty-two week low of $27.17 and a fifty-two week high of $64.17.

Q2 (NYSE:QTWOGet Free Report) last released its quarterly earnings data on Wednesday, May 1st. The technology company reported ($0.04) EPS for the quarter, beating the consensus estimate of ($0.05) by $0.01. The company had revenue of $165.51 million during the quarter, compared to the consensus estimate of $163.58 million. Q2 had a negative return on equity of 5.88% and a negative net margin of 12.35%. As a group, sell-side analysts predict that Q2 Holdings, Inc. will post -0.05 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms recently weighed in on QTWO. Royal Bank of Canada lifted their price objective on shares of Q2 from $46.00 to $60.00 and gave the stock a “sector perform” rating in a research note on Thursday, May 2nd. Canaccord Genuity Group boosted their price target on shares of Q2 from $40.00 to $55.00 and gave the company a “buy” rating in a report on Friday, February 23rd. Stifel Nicolaus raised their price objective on Q2 from $48.00 to $60.00 and gave the stock a “buy” rating in a research note on Wednesday, April 24th. Morgan Stanley reissued an “equal weight” rating and issued a $50.00 target price (up from $40.00) on shares of Q2 in a research note on Thursday, May 2nd. Finally, Piper Sandler lifted their price objective on Q2 from $47.00 to $61.00 and gave the company a “neutral” rating in a report on Friday, May 3rd. Four investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat.com, Q2 has an average rating of “Moderate Buy” and an average target price of $55.33.

Check Out Our Latest Stock Analysis on QTWO

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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