2,698 Shares in Q2 Holdings, Inc. (NYSE:QTWO) Acquired by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd bought a new position in Q2 Holdings, Inc. (NYSE:QTWO) in the first quarter, Holdings Channel.com reports. The fund bought 2,698 shares of the technology company’s stock, valued at approximately $216,000.

A number of other institutional investors have also recently added to or reduced their stakes in QTWO. Commonwealth Equity Services LLC acquired a new position in shares of Q2 in the fourth quarter worth $733,000. LPL Financial LLC increased its holdings in shares of Q2 by 35.3% during the fourth quarter. LPL Financial LLC now owns 25,569 shares of the technology company’s stock worth $2,574,000 after buying an additional 6,666 shares in the last quarter. Norges Bank acquired a new stake in shares of Q2 during the fourth quarter worth approximately $21,643,000. Pictet Asset Management Holding SA increased its holdings in shares of Q2 by 25.4% during the fourth quarter. Pictet Asset Management Holding SA now owns 8,820 shares of the technology company’s stock worth $888,000 after buying an additional 1,789 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC increased its holdings in shares of Q2 by 38.2% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 7,169 shares of the technology company’s stock worth $722,000 after buying an additional 1,982 shares in the last quarter.

Wall Street Analyst Weigh In

QTWO has been the subject of a number of research reports. Royal Bank Of Canada lowered their price target on shares of Q2 from $108.00 to $101.00 and set a “sector perform” rating for the company in a report on Thursday, May 8th. Morgan Stanley raised their price target on shares of Q2 from $89.00 to $93.00 and gave the company an “equal weight” rating in a report on Thursday, May 8th. Robert W. Baird raised their price target on shares of Q2 from $84.00 to $90.00 and gave the company a “neutral” rating in a report on Thursday, May 8th. Cantor Fitzgerald began coverage on shares of Q2 in a report on Tuesday, June 3rd. They set an “overweight” rating and a $110.00 target price for the company. Finally, JPMorgan Chase & Co. began coverage on shares of Q2 in a report on Wednesday, June 18th. They set an “overweight” rating and a $115.00 target price for the company. Eight investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $100.41.

Insider Transactions at Q2

In other news, Director James Offerdahl sold 1,000 shares of Q2 stock in a transaction dated Thursday, May 22nd. The shares were sold at an average price of $87.77, for a total value of $87,770.00. Following the completion of the transaction, the director owned 16,241 shares in the company, valued at $1,425,472.57. This trade represents a 5.80% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, General Counsel Michael S. Kerr sold 397 shares of Q2 stock in a transaction dated Wednesday, May 14th. The stock was sold at an average price of $92.90, for a total transaction of $36,881.30. Following the completion of the transaction, the general counsel owned 58,441 shares of the company’s stock, valued at $5,429,168.90. The trade was a 0.67% decrease in their position. The disclosure for this sale can be found here. Insiders sold 3,991 shares of company stock worth $357,153 over the last quarter. Corporate insiders own 0.31% of the company’s stock.

Q2 Stock Down 0.3%

QTWO opened at $90.11 on Thursday. The firm has a market capitalization of $5.61 billion, a P/E ratio of -257.46 and a beta of 1.48. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.43 and a quick ratio of 1.43. Q2 Holdings, Inc. has a fifty-two week low of $61.51 and a fifty-two week high of $112.82. The company’s 50-day moving average is $90.30 and its 200 day moving average is $86.35.

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.