Cetera Investment Advisers Acquires 1,689 Shares of Q2 Holdings, Inc. $QTWO

Cetera Investment Advisers raised its holdings in Q2 Holdings, Inc. (NYSE:QTWO) by 56.1% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 4,700 shares of the technology company’s stock after acquiring an additional 1,689 shares during the quarter. Cetera Investment Advisers’ holdings in Q2 were worth $376,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of QTWO. Raymond James Financial Inc. bought a new position in Q2 during the 4th quarter worth $18,271,000. Rhumbline Advisers raised its position in shares of Q2 by 6.9% during the first quarter. Rhumbline Advisers now owns 87,324 shares of the technology company’s stock worth $6,987,000 after acquiring an additional 5,672 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new position in shares of Q2 in the fourth quarter worth approximately $140,000. Mariner LLC boosted its holdings in Q2 by 36.2% in the fourth quarter. Mariner LLC now owns 3,644 shares of the technology company’s stock valued at $367,000 after acquiring an additional 968 shares during the last quarter. Finally, SG Americas Securities LLC boosted its holdings in Q2 by 377.9% in the first quarter. SG Americas Securities LLC now owns 12,214 shares of the technology company’s stock valued at $977,000 after acquiring an additional 9,658 shares during the last quarter.

Analyst Ratings Changes

A number of research analysts have recently issued reports on QTWO shares. Needham & Company LLC boosted their price target on shares of Q2 from $110.00 to $115.00 and gave the stock a “buy” rating in a research report on Thursday, July 31st. Royal Bank Of Canada lifted their target price on shares of Q2 from $101.00 to $102.00 and gave the stock a “sector perform” rating in a research note on Thursday, July 31st. Cantor Fitzgerald assumed coverage on shares of Q2 in a research report on Tuesday, June 3rd. They set an “overweight” rating and a $110.00 price target on the stock. Robert W. Baird lifted their price objective on Q2 from $84.00 to $90.00 and gave the stock a “neutral” rating in a research report on Thursday, May 8th. Finally, Zacks Research raised Q2 to a “strong-buy” rating in a research note on Friday, August 8th. Eight research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $101.06.

Insiders Place Their Bets

In other news, Director James Offerdahl sold 786 shares of the business’s stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $74.15, for a total transaction of $58,281.90. Following the completion of the sale, the director directly owned 17,792 shares of the company’s stock, valued at $1,319,276.80. The trade was a 4.23% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CRO Michael A. Volanoski sold 1,428 shares of the firm’s stock in a transaction dated Thursday, June 12th. The shares were sold at an average price of $88.88, for a total transaction of $126,920.64. Following the completion of the transaction, the executive directly owned 175,812 shares in the company, valued at approximately $15,626,170.56. The trade was a 0.81% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 4,380 shares of company stock valued at $378,554 in the last 90 days. 0.31% of the stock is currently owned by company insiders.

Q2 Stock Up 1.5%

Shares of NYSE:QTWO opened at $75.69 on Tuesday. Q2 Holdings, Inc. has a twelve month low of $63.61 and a twelve month high of $112.82. The stock’s 50 day moving average is $87.04 and its 200-day moving average is $84.57. The firm has a market capitalization of $4.73 billion, a price-to-earnings ratio of 1,514.18 and a beta of 1.47.

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.