Swiss National Bank Has $9.37 Million Stock Position in Q2 Holdings, Inc. (NYSE:QTWO)

Swiss National Bank decreased its stake in Q2 Holdings, Inc. (NYSE:QTWO) by 1.2% in the first quarter, HoldingsChannel reports. The firm owned 117,100 shares of the technology company’s stock after selling 1,400 shares during the period. Swiss National Bank’s holdings in Q2 were worth $9,369,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. NewEdge Advisors LLC boosted its position in shares of Q2 by 269.6% in the 4th quarter. NewEdge Advisors LLC now owns 377 shares of the technology company’s stock valued at $38,000 after purchasing an additional 275 shares during the period. Versant Capital Management Inc acquired a new position in shares of Q2 in the 1st quarter valued at $33,000. Larson Financial Group LLC boosted its position in shares of Q2 by 2,630.0% in the 1st quarter. Larson Financial Group LLC now owns 546 shares of the technology company’s stock valued at $44,000 after purchasing an additional 526 shares during the period. TCTC Holdings LLC boosted its position in shares of Q2 by 103.1% in the 1st quarter. TCTC Holdings LLC now owns 597 shares of the technology company’s stock valued at $48,000 after purchasing an additional 303 shares during the period. Finally, Transce3nd LLC acquired a new position in shares of Q2 in the 4th quarter valued at $98,000.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the company. Zacks Research upgraded Q2 to a “strong-buy” rating in a research report on Friday, August 8th. Stifel Nicolaus increased their price target on Q2 from $105.00 to $110.00 and gave the company a “buy” rating in a research report on Thursday, July 31st. Wall Street Zen lowered Q2 from a “strong-buy” rating to a “buy” rating in a research report on Sunday, June 8th. Raymond James Financial reduced their price objective on Q2 from $110.00 to $105.00 and set an “outperform” rating for the company in a research note on Thursday, May 8th. Finally, Morgan Stanley increased their price objective on Q2 from $89.00 to $93.00 and gave the stock an “equal weight” rating in a research note on Thursday, May 8th. Eight equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Q2 presently has a consensus rating of “Moderate Buy” and a consensus price target of $101.06.

Q2 Price Performance

Shares of Q2 stock opened at $74.55 on Friday. The firm has a market cap of $4.66 billion, a price-to-earnings ratio of 1,491.30 and a beta of 1.47. Q2 Holdings, Inc. has a 52-week low of $63.61 and a 52-week high of $112.82. The stock has a 50-day simple moving average of $87.35 and a 200-day simple moving average of $84.87.

Insider Activity

In other news, Director James Offerdahl sold 786 shares of Q2 stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $74.15, for a total transaction of $58,281.90. Following the completion of the sale, the director directly owned 17,792 shares in the company, valued at $1,319,276.80. The trade was a 4.23% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CRO Michael A. Volanoski sold 1,428 shares of Q2 stock in a transaction dated Thursday, June 12th. The shares were sold at an average price of $88.88, for a total value of $126,920.64. Following the sale, the executive owned 175,812 shares of the company’s stock, valued at approximately $15,626,170.56. This represents a 0.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 4,380 shares of company stock valued at $378,554. 0.31% of the stock is owned by corporate insiders.

Q2 Company 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.