Oppenheimer Asset Management Inc. Has $2.92 Million Position in Q2 Holdings, Inc. (NYSE:QTWO)

Oppenheimer Asset Management Inc. reduced its position in shares of Q2 Holdings, Inc. (NYSE:QTWO) by 4.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 36,638 shares of the technology company’s stock after selling 1,794 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Q2 were worth $2,923,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in QTWO. Hood River Capital Management LLC acquired a new stake in Q2 during the 1st quarter valued at $62,765,000. American Century Companies Inc. grew its holdings in shares of Q2 by 5,990.6% during the 2nd quarter. American Century Companies Inc. now owns 1,210,143 shares of the technology company’s stock valued at $73,008,000 after acquiring an additional 1,190,274 shares in the last quarter. Perpetual Ltd purchased a new position in shares of Q2 during the 3rd quarter valued at $80,788,000. Price T Rowe Associates Inc. MD grew its holdings in shares of Q2 by 1,910.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 719,767 shares of the technology company’s stock valued at $37,832,000 after acquiring an additional 683,957 shares in the last quarter. Finally, Venturi Wealth Management LLC grew its holdings in shares of Q2 by 139.5% during the 3rd quarter. Venturi Wealth Management LLC now owns 608,721 shares of the technology company’s stock valued at $48,558,000 after acquiring an additional 354,524 shares in the last quarter.

Wall Street Analyst Weigh In

QTWO has been the topic of several research analyst reports. Morgan Stanley boosted their price target on shares of Q2 from $65.00 to $90.00 and gave the company an “equal weight” rating in a report on Thursday, November 7th. DA Davidson boosted their price target on shares of Q2 from $76.00 to $86.00 and gave the company a “neutral” rating in a report on Monday, November 11th. Truist Financial restated a “buy” rating and set a $100.00 price target (up from $78.00) on shares of Q2 in a report on Thursday, November 7th. Stephens boosted their price target on shares of Q2 from $75.00 to $100.00 and gave the company an “overweight” rating in a report on Thursday, November 7th. Finally, Piper Sandler upped their price objective on shares of Q2 from $74.00 to $93.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. Five equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $91.50.

Q2 Stock Down 0.7 %

QTWO stock opened at $97.13 on Friday. The company has a debt-to-equity ratio of 0.99, a current ratio of 2.50 and a quick ratio of 2.50. Q2 Holdings, Inc. has a 52-week low of $34.59 and a 52-week high of $105.00. The company has a 50-day moving average of $82.61 and a two-hundred day moving average of $70.77. The stock has a market capitalization of $5.87 billion, a price-to-earnings ratio of -101.17 and a beta of 1.58.

Insider Buying and Selling at Q2

In other news, CRO Michael A. Volanoski sold 1,428 shares of the company’s stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $71.93, for a total transaction of $102,716.04. Following the completion of the transaction, the executive now owns 227,672 shares of the company’s stock, valued at approximately $16,376,446.96. This represents a 0.62 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, General Counsel Michael S. Kerr sold 517 shares of the company’s stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $70.86, for a total transaction of $36,634.62. Following the transaction, the general counsel now directly owns 61,130 shares of the company’s stock, valued at $4,331,671.80. This represents a 0.84 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 30,963 shares of company stock worth $2,321,659 over the last ninety days. Company insiders own 3.00% of the company’s stock.

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.