Nkcfo LLC Takes $604,000 Position in Q2 Holdings, Inc. (NYSE:QTWO)

Nkcfo LLC bought a new position in shares of Q2 Holdings, Inc. (NYSE:QTWO) during the fourth quarter, Holdings Channel reports. The firm bought 6,000 shares of the technology company’s stock, valued at approximately $604,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Quarry LP grew its holdings 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 purchasing an additional 336 shares during the period. Ameliora Wealth Management Ltd. bought a new position in shares of Q2 during the 4th quarter worth $32,000. CWM LLC increased its holdings in Q2 by 199.8% in the 3rd quarter. CWM LLC now owns 1,442 shares of the technology company’s stock worth $115,000 after acquiring an additional 961 shares during the last quarter. International Assets Investment Management LLC raised its stake in Q2 by 7,878.3% in 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 during the period. Finally, Asset Management One Co. Ltd. lifted its holdings in Q2 by 108.1% during the third quarter. Asset Management One Co. Ltd. now owns 1,856 shares of the technology company’s stock valued at $148,000 after purchasing an additional 964 shares during the last quarter.

Q2 Trading Down 1.7 %

Shares of NYSE:QTWO opened at $91.26 on Friday. Q2 Holdings, Inc. has a one year low of $41.23 and a one year high of $112.82. The company has a debt-to-equity ratio of 0.99, a current ratio of 2.50 and a quick ratio of 2.50. The company’s fifty day moving average price is $98.27 and its 200-day moving average price is $88.43.

Q2 (NYSE:QTWO) last released its quarterly earnings results on Wednesday, February 12th. The technology company reported $0.18 earnings per share for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.30). Q2 had a negative net margin of 8.40% and a negative return on equity of 2.30%. As a group, analysts anticipate that Q2 Holdings, Inc. will post 0.08 EPS for the current year.

Insider Buying and Selling

In related news, CRO Michael A. Volanoski sold 5,123 shares of Q2 stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $106.12, for a total value of $543,652.76. Following the transaction, the executive now owns 218,371 shares in the company, valued at $23,173,530.52. This trade represents a 2.29 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, President Kirk L. Coleman sold 8,559 shares of the company’s stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $106.00, for a total transaction of $907,254.00. Following the sale, the president now owns 340,903 shares of the company’s stock, valued at approximately $36,135,718. The trade was a 2.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 28,836 shares of company stock worth $3,061,035 in the last quarter. 3.00% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on QTWO shares. DA Davidson lifted their target price on shares of Q2 from $76.00 to $86.00 and gave the stock a “neutral” rating in a research note on Monday, November 11th. Piper Sandler boosted their target price on shares of Q2 from $74.00 to $93.00 and gave the company a “neutral” rating in a report on Thursday, November 7th. Raymond James increased their target price on Q2 from $100.00 to $110.00 and gave the stock an “outperform” rating in a research report on Thursday. Royal Bank of Canada lifted their price target on Q2 from $105.00 to $108.00 and gave the company a “sector perform” rating in a research report on Thursday. Finally, Morgan Stanley increased their price objective on Q2 from $65.00 to $90.00 and gave the stock an “equal weight” rating in a report on Thursday, November 7th. Seven investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, Q2 presently has an average rating of “Moderate Buy” and a consensus target price of $102.13.

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.