4,035 Shares in Q2 Holdings, Inc. $QTWO Bought by FJ Capital Management LLC

FJ Capital Management LLC bought a new position in shares of Q2 Holdings, Inc. (NYSE:QTWO) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 4,035 shares of the technology company’s stock, valued at approximately $323,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. B. Metzler seel. Sohn & Co. AG increased its position in Q2 by 1.1% during the first quarter. B. Metzler seel. Sohn & Co. AG now owns 16,687 shares of the technology company’s stock worth $1,335,000 after acquiring an additional 188 shares during the period. Xponance Inc. increased its position in Q2 by 5.1% during the first quarter. Xponance Inc. now owns 4,576 shares of the technology company’s stock worth $366,000 after acquiring an additional 224 shares during the period. Mutual of America Capital Management LLC increased its position in Q2 by 0.6% during the first quarter. Mutual of America Capital Management LLC now owns 42,820 shares of the technology company’s stock worth $3,426,000 after acquiring an additional 248 shares during the period. Summit Global Investments increased its position in Q2 by 2.6% during the first quarter. Summit Global Investments now owns 9,902 shares of the technology company’s stock worth $792,000 after acquiring an additional 255 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. increased its position in Q2 by 10.0% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 2,861 shares of the technology company’s stock worth $229,000 after acquiring an additional 259 shares during the period.

Insiders Place Their Bets

In other Q2 news, insider John E. Breeden sold 6,105 shares of the stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $75.27, for a total transaction of $459,523.35. Following the sale, the insider owned 149,643 shares of the company’s stock, valued at $11,263,628.61. This represents a 3.92% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CRO Michael A. Volanoski sold 1,428 shares of the stock in a transaction dated Thursday, June 12th. The stock was sold at an average price of $88.88, for a total transaction of $126,920.64. Following the sale, the executive directly owned 175,812 shares in the company, valued at approximately $15,626,170.56. This represents a 0.81% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 9,485 shares of company stock valued at $750,307 in the last 90 days. 3.00% of the stock is currently owned by insiders.

Q2 Stock Performance

QTWO opened at $78.84 on Monday. The firm’s 50-day simple moving average is $85.09 and its 200-day simple moving average is $83.54. Q2 Holdings, Inc. has a twelve month low of $63.61 and a twelve month high of $112.82. The firm has a market cap of $4.92 billion, a price-to-earnings ratio of 1,577.02 and a beta of 1.49.

Wall Street Analysts Forecast Growth

QTWO has been the topic of several analyst reports. JPMorgan Chase & Co. started coverage on shares of Q2 in a report on Wednesday, June 18th. They issued an “overweight” rating and a $115.00 price target on the stock. Zacks Research upgraded shares of Q2 to a “strong-buy” rating in a research note on Friday, August 8th. Wall Street Zen cut shares of Q2 from a “strong-buy” rating to a “buy” rating in a research note on Sunday, June 8th. Cantor Fitzgerald started coverage on shares of Q2 in a research note on Tuesday, June 3rd. They issued an “overweight” rating and a $110.00 price objective for the company. Finally, Morgan Stanley increased their price objective on shares of Q2 from $89.00 to $93.00 and gave the company an “equal weight” rating in a research note on Thursday, May 8th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $102.25.

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.