Pathstone Holdings LLC Increases Stock Holdings in Q2 Holdings, Inc. (NYSE:QTWO)

Pathstone Holdings LLC boosted its stake in Q2 Holdings, Inc. (NYSE:QTWO) by 7.0% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 31,191 shares of the technology company’s stock after buying an additional 2,035 shares during the quarter. Pathstone Holdings LLC owned approximately 0.05% of Q2 worth $2,488,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of QTWO. CWM LLC raised its holdings in shares of Q2 by 54.2% in the second quarter. CWM LLC now owns 481 shares of the technology company’s stock valued at $29,000 after purchasing an additional 169 shares during the last quarter. International Assets Investment Management LLC lifted its position 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 worth $146,000 after buying an additional 1,812 shares in the last quarter. Asset Management One Co. Ltd. boosted its stake in shares of Q2 by 108.1% in the 3rd quarter. Asset Management One Co. Ltd. now owns 1,856 shares of the technology company’s stock worth $148,000 after buying an additional 964 shares during the last quarter. Quest Partners LLC bought a new position in shares of Q2 in the second quarter valued at approximately $153,000. Finally, Highland Capital Management LLC purchased a new stake in shares of Q2 during the third quarter valued at approximately $208,000.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. DA Davidson upped their price objective on Q2 from $76.00 to $86.00 and gave the company a “neutral” rating in a research note on Monday, November 11th. Truist Financial restated a “buy” rating and set a $100.00 price target (up previously from $78.00) on shares of Q2 in a research report on Thursday, November 7th. BTIG Research lifted their price objective on shares of Q2 from $75.00 to $82.00 and gave the stock a “buy” rating in a research report on Monday, August 26th. Stephens increased their target price on shares of Q2 from $75.00 to $100.00 and gave the company an “overweight” rating in a research report on Thursday, November 7th. Finally, Royal Bank of Canada lifted their price target on shares of Q2 from $76.00 to $105.00 and gave the stock a “sector perform” rating in a report on Thursday, November 7th. Five investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $91.50.

Insiders Place Their Bets

In other news, General Counsel Michael S. Kerr sold 517 shares of Q2 stock in a transaction dated Wednesday, September 11th. The stock was sold at an average price of $70.86, for a total transaction of $36,634.62. Following the completion of the sale, the general counsel now owns 61,130 shares in the company, valued at approximately $4,331,671.80. This trade represents a 0.84 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director James Offerdahl sold 548 shares of the company’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $104.95, for a total transaction of $57,512.60. Following the completion of the transaction, the director now owns 18,241 shares in the company, valued at approximately $1,914,392.95. This trade represents a 2.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 3,506 shares of company stock worth $271,795 in the last three months. 3.00% of the stock is currently owned by corporate insiders.

Q2 Stock Up 0.9 %

QTWO stock opened at $107.36 on Tuesday. The stock has a 50-day simple moving average of $86.05 and a two-hundred day simple moving average of $72.78. Q2 Holdings, Inc. has a twelve month low of $34.59 and a twelve month high of $107.96. The firm has a market capitalization of $6.48 billion, a PE ratio of -110.80 and a beta of 1.58. The company has a quick ratio of 2.50, a current ratio of 2.50 and a debt-to-equity ratio of 0.99.

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.