Two Sigma Advisers LP Takes Position in Q2 Holdings, Inc. (NYSE:QTWO)

Two Sigma Advisers LP purchased a new stake in shares of Q2 Holdings, Inc. (NYSE:QTWO) in the fourth quarter, according to its most recent 13F filing with the SEC. The fund purchased 6,500 shares of the technology company’s stock, valued at approximately $654,000.

A number of other hedge funds have also recently made changes to their positions in QTWO. Proficio Capital Partners LLC purchased a new position in shares of Q2 during the 4th quarter valued at $29,000. SBI Securities Co. Ltd. bought a new stake in shares of Q2 during the 4th quarter worth $30,000. TCTC Holdings LLC bought a new stake in Q2 in the fourth quarter worth $30,000. Ameliora Wealth Management Ltd. bought a new stake in Q2 in the fourth quarter worth $32,000. Finally, NewEdge Advisors LLC lifted its stake in Q2 by 269.6% in the fourth quarter. NewEdge Advisors LLC now owns 377 shares of the technology company’s stock worth $38,000 after purchasing an additional 275 shares during the last quarter.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on QTWO shares. Truist Financial reissued a “buy” rating and issued a $110.00 price target (up from $100.00) on shares of Q2 in a research note on Thursday, February 13th. Compass Point reissued a “neutral” rating and issued a $60.00 price target on shares of Q2 in a research note on Monday, April 7th. Needham & Company LLC lowered their price target on shares of Q2 from $125.00 to $110.00 and set a “buy” rating for the company in a research note on Thursday, May 8th. Robert W. Baird boosted their price target on shares of Q2 from $84.00 to $90.00 and gave the stock a “neutral” rating in a research note on Thursday, May 8th. Finally, Citigroup boosted their price target on shares of Q2 from $96.00 to $100.00 and gave the stock a “neutral” rating in a research note on Thursday, February 13th. Eight equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $99.50.

Q2 Price Performance

Shares of NYSE QTWO opened at $89.54 on Wednesday. Q2 Holdings, Inc. has a 1 year low of $55.97 and a 1 year high of $112.82. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.40 and a quick ratio of 1.40. The company’s 50-day moving average is $81.39 and its 200 day moving average is $89.87. The stock has a market capitalization of $5.58 billion, a P/E ratio of -137.75 and a beta of 1.47.

Insider Activity at Q2

In other Q2 news, CEO Matthew P. Flake sold 56,799 shares of the company’s stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $78.28, for a total value of $4,446,225.72. Following the sale, the chief executive officer now owns 453,849 shares in the company, valued at approximately $35,527,299.72. This represents a 11.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director James Offerdahl sold 1,000 shares of the company’s stock in a transaction dated Thursday, May 22nd. The stock was sold at an average price of $87.77, for a total transaction of $87,770.00. Following the completion of the sale, the director now owns 16,241 shares in the company, valued at approximately $1,425,472.57. This trade represents a 5.80% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 194,255 shares of company stock worth $14,890,656 over the last 90 days. 0.31% of the stock is owned by company insiders.

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.