Level Four Advisory Services LLC Acquires 5,009 Shares of Q2 Holdings, Inc. (NYSE:QTWO)

Level Four Advisory Services LLC lifted its holdings in Q2 Holdings, Inc. (NYSE:QTWOFree Report) by 36.1% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 18,874 shares of the technology company’s stock after buying an additional 5,009 shares during the quarter. Level Four Advisory Services LLC’s holdings in Q2 were worth $819,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in QTWO. Nordea Investment Management AB bought a new stake in Q2 during the 4th quarter worth about $1,938,000. Summit Creek Advisors LLC bought a new position in Q2 during the 4th quarter worth approximately $9,170,000. Vanguard Group Inc. grew its holdings in Q2 by 7.5% during the third quarter. Vanguard Group Inc. now owns 6,952,848 shares of the technology company’s stock valued at $224,368,000 after purchasing an additional 487,111 shares during the period. Jennison Associates LLC increased its stake in Q2 by 32.0% in the fourth quarter. Jennison Associates LLC now owns 1,616,825 shares of the technology company’s stock valued at $70,186,000 after purchasing an additional 391,539 shares in the last quarter. Finally, Deutsche Bank AG raised its holdings in Q2 by 13.4% in the third quarter. Deutsche Bank AG now owns 29,559 shares of the technology company’s stock worth $954,000 after purchasing an additional 3,496 shares during the period.

Q2 Stock Up 3.4 %

Shares of NYSE:QTWO opened at $63.31 on Monday. The business’s 50-day moving average is $53.85 and its 200-day moving average is $45.40. Q2 Holdings, Inc. has a 1 year low of $26.54 and a 1 year high of $63.50. The company has a debt-to-equity ratio of 1.06, a current ratio of 2.38 and a quick ratio of 2.38.

Q2 (NYSE:QTWOGet Free Report) last announced its quarterly earnings data on Wednesday, February 21st. The technology company reported ($0.06) EPS for the quarter, topping the consensus estimate of ($0.10) by $0.04. The company had revenue of $162.12 million during the quarter, compared to the consensus estimate of $161.31 million. Q2 had a negative net margin of 12.35% and a negative return on equity of 5.88%. On average, research analysts anticipate that Q2 Holdings, Inc. will post -0.05 EPS for the current fiscal year.

Insider Transactions at Q2

In other Q2 news, Director James Offerdahl sold 1,040 shares of the business’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $44.81, for a total transaction of $46,602.40. Following the completion of the sale, the director now owns 17,130 shares in the company, valued at approximately $767,595.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Q2 news, CEO Matthew P. Flake sold 29,149 shares of Q2 stock in a transaction on Monday, March 4th. The shares were sold at an average price of $46.01, for a total transaction of $1,341,145.49. Following the transaction, the chief executive officer now directly owns 444,262 shares of the company’s stock, valued at approximately $20,440,494.62. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director James Offerdahl sold 1,040 shares of the firm’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $44.81, for a total transaction of $46,602.40. Following the transaction, the director now directly owns 17,130 shares in the company, valued at $767,595.30. The disclosure for this sale can be found here. Insiders have sold 167,181 shares of company stock valued at $7,851,375 over the last ninety days. 3.60% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. Royal Bank of Canada upped their price objective on shares of Q2 from $46.00 to $60.00 and gave the company a “sector perform” rating in a research report on Thursday, May 2nd. Needham & Company LLC raised their price target on Q2 from $58.00 to $65.00 and gave the stock a “buy” rating in a research report on Thursday, May 2nd. Piper Sandler boosted their price objective on Q2 from $47.00 to $61.00 and gave the company a “neutral” rating in a research report on Friday, May 3rd. The Goldman Sachs Group raised their target price on shares of Q2 from $52.00 to $59.00 and gave the stock a “buy” rating in a report on Thursday, May 2nd. Finally, Truist Financial reiterated a “buy” rating and issued a $65.00 price target (up previously from $60.00) on shares of Q2 in a report on Thursday, May 2nd. Four research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $55.33.

Get Our Latest Research Report on QTWO

Q2 Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Q2 (NYSE:QTWO)

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