Raymond James Financial Inc. Acquires New Stake in Q2 Holdings, Inc. (NYSE:QTWO)

Raymond James Financial Inc. bought a new stake in Q2 Holdings, Inc. (NYSE:QTWO) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 181,534 shares of the technology company’s stock, valued at approximately $18,271,000. Raymond James Financial Inc. owned 0.30% of Q2 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Trek Financial LLC purchased a new position in shares of Q2 in the fourth quarter worth about $346,000. Russell Investments Group Ltd. lifted its position in shares of Q2 by 21.7% during the fourth quarter. Russell Investments Group Ltd. now owns 33,489 shares of the technology company’s stock worth $3,371,000 after acquiring an additional 5,965 shares in the last quarter. Envestnet Asset Management Inc. grew its position in shares of Q2 by 1.7% in the fourth quarter. Envestnet Asset Management Inc. now owns 97,356 shares of the technology company’s stock valued at $9,799,000 after purchasing an additional 1,622 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in shares of Q2 during the 4th quarter valued at $299,000. Finally, Integrated Quantitative Investments LLC purchased a new stake in Q2 during the 4th quarter worth about $586,000.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on QTWO. Baird R W downgraded shares of Q2 from a “strong-buy” rating to a “hold” rating in a report on Friday, January 10th. Raymond James upped their price target on shares of Q2 from $100.00 to $110.00 and gave the stock an “outperform” rating in a report on Thursday, February 13th. Royal Bank of Canada lifted their price objective on Q2 from $105.00 to $108.00 and gave the company a “sector perform” rating in a research note on Thursday, February 13th. The Goldman Sachs Group dropped their price target on Q2 from $119.00 to $106.00 and set a “buy” rating for the company in a research report on Friday, March 28th. Finally, Needham & Company LLC raised their target price on shares of Q2 from $120.00 to $125.00 and gave the company a “buy” rating in a research note on Thursday, February 13th. Eight equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $102.33.

Q2 Price Performance

QTWO opened at $74.97 on Monday. Q2 Holdings, Inc. has a 12-month low of $50.04 and a 12-month high of $112.82. The company has a market cap of $4.55 billion, a price-to-earnings ratio of -115.34 and a beta of 1.61. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.58. The stock has a fifty day simple moving average of $80.11 and a two-hundred day simple moving average of $90.38.

Q2 (NYSE:QTWO) last announced its quarterly earnings data on Wednesday, February 12th. The technology company reported $0.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.30). Q2 had a negative net margin of 5.53% and a positive return on equity of 0.85%. Research analysts predict that Q2 Holdings, Inc. will post 0.67 earnings per share for the current fiscal year.

Insider Buying and Selling at Q2

In other news, Director James Offerdahl sold 1,000 shares of Q2 stock in a transaction on Monday, February 24th. The shares were sold at an average price of $87.96, for a total transaction of $87,960.00. Following the transaction, the director now owns 17,241 shares in the company, valued at $1,516,518.36. This trade represents a 5.48 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Kimberly Anne Rutledge sold 6,656 shares of the company’s stock in a transaction on Wednesday, March 12th. The stock was sold at an average price of $74.12, for a total value of $493,342.72. Following the completion of the sale, the insider now owns 113,278 shares of the company’s stock, valued at $8,396,165.36. This trade represents a 5.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 193,858 shares of company stock worth $14,853,965. Insiders own 3.00% of the company’s stock.

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.