US Bancorp DE Buys 2,816 Shares of Q2 Holdings, Inc. (NYSE:QTWO)

US Bancorp DE grew its stake in Q2 Holdings, Inc. (NYSE:QTWO) by 10.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,632 shares of the technology company’s stock after buying an additional 2,816 shares during the period. US Bancorp DE’s holdings in Q2 were worth $2,364,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the stock. Highland Capital Management LLC purchased a new position in shares of Q2 in the 3rd quarter worth about $208,000. Dakota Wealth Management boosted its stake in Q2 by 41.6% in the third quarter. Dakota Wealth Management now owns 5,532 shares of the technology company’s stock worth $441,000 after buying an additional 1,626 shares in the last quarter. International Assets Investment Management LLC grew its position in Q2 by 7,878.3% during the third 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 last quarter. Raymond James & Associates grew its position in Q2 by 17.9% during the third quarter. Raymond James & Associates now owns 128,654 shares of the technology company’s stock valued at $10,263,000 after acquiring an additional 19,495 shares during the last quarter. Finally, nVerses Capital LLC raised its stake in shares of Q2 by 26.7% during the third quarter. nVerses Capital LLC now owns 3,800 shares of the technology company’s stock worth $303,000 after acquiring an additional 800 shares in the last quarter.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Needham & Company LLC reaffirmed an “underperform” rating on shares of Q2 in a research note on Friday, October 18th. BTIG Research raised their price objective on Q2 from $75.00 to $82.00 and gave the company a “buy” rating in a research note on Monday, August 26th. DA Davidson reiterated a “neutral” rating and issued a $76.00 price objective on shares of Q2 in a report on Monday, September 30th. Truist Financial restated a “buy” rating and set a $78.00 target price (up from $68.00) on shares of Q2 in a report on Thursday, August 1st. Finally, Compass Point initiated coverage on Q2 in a research note on Wednesday, September 4th. They issued a “buy” rating and a $91.00 price target on the stock. One research analyst has rated the stock with a sell rating, five have given a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $73.64.

Q2 Trading Up 5.0 %

NYSE:QTWO opened at $90.50 on Thursday. The company has a 50-day moving average price of $79.23 and a 200-day moving average price of $68.85. The stock has a market cap of $5.46 billion, a price-to-earnings ratio of -78.02 and a beta of 1.58. The company has a current ratio of 2.44, a quick ratio of 2.44 and a debt-to-equity ratio of 1.02. Q2 Holdings, Inc. has a 12 month low of $32.97 and a 12 month high of $92.10.

Insiders Place Their Bets

In other news, General Counsel Michael S. Kerr sold 517 shares of the stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $70.86, for a total value of $36,634.62. Following the completion of the transaction, the general counsel now owns 61,130 shares of the company’s stock, valued at approximately $4,331,671.80. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, EVP Jonathan Price sold 11,000 shares of the business’s stock in a transaction on Friday, August 16th. The shares were sold at an average price of $71.64, for a total transaction of $788,040.00. Following the sale, the executive vice president now owns 215,079 shares in the company, valued at approximately $15,408,259.56. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, General Counsel Michael S. Kerr sold 517 shares of the 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 transaction, the general counsel now owns 61,130 shares of the company’s stock, valued at approximately $4,331,671.80. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 41,963 shares of company stock worth $3,109,699 over the last three months. Company insiders own 3.00% of the company’s stock.

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.