Q2 Holdings, Inc. (NYSE:QTWO) Shares Sold by Perpetual Ltd

Perpetual Ltd lowered its position in shares of Q2 Holdings, Inc. (NYSE:QTWOFree Report) by 25.8% in the fourth quarter, Holdings Channel reports. The firm owned 751,976 shares of the technology company’s stock after selling 260,790 shares during the period. Perpetual Ltd’s holdings in Q2 were worth $75,686,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Quarry LP lifted its position in Q2 by 988.2% during the third quarter. Quarry LP now owns 370 shares of the technology company’s stock valued at $30,000 after buying an additional 336 shares in the last quarter. CWM LLC lifted its holdings in shares of Q2 by 199.8% during the 3rd quarter. CWM LLC now owns 1,442 shares of the technology company’s stock valued at $115,000 after acquiring an additional 961 shares in the last quarter. International Assets Investment Management LLC lifted its holdings in shares of Q2 by 7,878.3% during the 3rd quarter. International Assets Investment Management LLC now owns 1,835 shares of the technology company’s stock valued at $146,000 after acquiring an additional 1,812 shares in the last quarter. Asset Management One Co. Ltd. boosted its position in Q2 by 108.1% during the 3rd quarter. Asset Management One Co. Ltd. now owns 1,856 shares of the technology company’s stock worth $148,000 after purchasing an additional 964 shares during the period. Finally, Diversified Trust Co acquired a new stake in Q2 in the 4th quarter valued at $203,000.

Analysts Set New Price Targets

QTWO has been the topic of a number of recent research reports. Compass Point boosted their price objective on Q2 from $91.00 to $107.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Stifel Nicolaus boosted their price target on Q2 from $100.00 to $115.00 and gave the stock a “buy” rating in a research report on Wednesday, December 18th. Baird R W lowered shares of Q2 from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 10th. Needham & Company LLC upped their target price on shares of Q2 from $90.00 to $120.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Finally, Robert W. Baird reaffirmed a “neutral” rating and set a $99.00 price target (up from $89.00) on shares of Q2 in a report on Friday, January 10th. Seven investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $98.07.

Get Our Latest Stock Analysis on QTWO

Q2 Trading Up 0.5 %

Shares of QTWO opened at $93.84 on Tuesday. Q2 Holdings, Inc. has a 52 week low of $40.60 and a 52 week high of $112.82. The company has a current ratio of 2.50, a quick ratio of 2.50 and a debt-to-equity ratio of 0.99. The stock has a 50 day moving average of $102.08 and a 200-day moving average of $84.82.

Insider Buying and Selling

In other Q2 news, CRO Michael A. Volanoski sold 4,178 shares of Q2 stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $106.00, for a total value of $442,868.00. Following the completion of the transaction, the executive now directly owns 223,494 shares in the company, valued at $23,690,364. The trade was a 1.84 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director James Offerdahl sold 548 shares of the stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $104.95, for a total value of $57,512.60. Following the sale, the director now owns 18,241 shares in the company, valued at $1,914,392.95. The trade was a 2.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 28,836 shares of company stock worth $3,061,035 over the last ninety days. 3.00% of the stock is owned by insiders.

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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