Q2 Holdings, Inc. (NYSE:QTWO) Shares Purchased by Geode Capital Management LLC

Geode Capital Management LLC raised its holdings in shares of Q2 Holdings, Inc. (NYSE:QTWO) by 1.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,353,156 shares of the technology company’s stock after buying an additional 19,520 shares during the period. Geode Capital Management LLC owned about 2.24% of Q2 worth $107,963,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. CWM LLC lifted its holdings in shares of Q2 by 54.2% during the 2nd quarter. CWM LLC now owns 481 shares of the technology company’s stock valued at $29,000 after acquiring an additional 169 shares in the last quarter. Quarry LP grew its stake in shares of Q2 by 988.2% in the third quarter. Quarry LP now owns 370 shares of the technology company’s stock valued at $30,000 after buying an additional 336 shares in the last quarter. International Assets Investment Management LLC raised its holdings in shares of Q2 by 7,878.3% during the 3rd quarter. International Assets Investment Management LLC now owns 1,835 shares of the technology company’s stock valued at $146,000 after buying an additional 1,812 shares during the period. Asset Management One Co. Ltd. lifted its position in Q2 by 108.1% during the 3rd quarter. Asset Management One Co. Ltd. now owns 1,856 shares of the technology company’s stock worth $148,000 after acquiring an additional 964 shares in the last quarter. Finally, Quest Partners LLC purchased a new position in Q2 in the 2nd quarter worth approximately $153,000.

Insider Activity at Q2

In other Q2 news, CRO Michael A. Volanoski sold 4,178 shares of the stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of $106.00, for a total value of $442,868.00. Following the completion of the sale, the executive now owns 223,494 shares in the company, valued at $23,690,364. This represents a 1.84 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director James Offerdahl sold 548 shares of Q2 stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $104.95, for a total value of $57,512.60. Following the sale, the director now directly owns 18,241 shares of the company’s stock, valued at approximately $1,914,392.95. The trade was a 2.92 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 28,836 shares of company stock valued at $3,061,035 over the last 90 days. 3.00% of the stock is currently owned by corporate insiders.

Q2 Trading Down 2.1 %

NYSE:QTWO opened at $102.34 on Thursday. The stock has a market cap of $6.18 billion, a price-to-earnings ratio of -106.60 and a beta of 1.60. The company has a debt-to-equity ratio of 0.99, a quick ratio of 2.50 and a current ratio of 2.50. The business has a fifty day moving average of $96.06 and a 200-day moving average of $78.28. Q2 Holdings, Inc. has a 1 year low of $39.66 and a 1 year high of $112.82.

Analyst Ratings Changes

A number of analysts have recently issued reports on QTWO shares. Citigroup lowered shares of Q2 from a “buy” rating to a “neutral” rating and lifted their price objective for the company from $72.00 to $90.00 in a research note on Friday, October 18th. Truist Financial reaffirmed a “buy” rating and set a $100.00 price target (up previously from $78.00) on shares of Q2 in a research note on Thursday, November 7th. KeyCorp raised shares of Q2 from a “sector weight” rating to an “overweight” rating and set a $126.00 price objective for the company in a research report on Wednesday. Stifel Nicolaus lifted their target price on Q2 from $100.00 to $115.00 and gave the stock a “buy” rating in a research report on Wednesday. Finally, Needham & Company LLC increased their price target on Q2 from $90.00 to $120.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Five equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $95.80.

About Q2

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.