Versor Investments LP Makes New $590,000 Investment in Q2 Holdings, Inc. (NYSE:QTWO)

Versor Investments LP bought a new stake in shares of Q2 Holdings, Inc. (NYSE:QTWO) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 7,400 shares of the technology company’s stock, valued at approximately $590,000.

Several other large investors have also recently made changes to their positions in QTWO. Venturi Wealth Management LLC increased its position in Q2 by 139.5% during the 3rd quarter. Venturi Wealth Management LLC now owns 608,721 shares of the technology company’s stock valued at $48,558,000 after buying an additional 354,524 shares in the last quarter. Principal Financial Group Inc. grew its stake in shares of Q2 by 38.6% in the third quarter. Principal Financial Group Inc. now owns 176,695 shares of the technology company’s stock worth $14,095,000 after acquiring an additional 49,233 shares during the last quarter. Asset Management One Co. Ltd. increased its holdings in shares of 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 acquiring an additional 964 shares in the last quarter. Emerald Advisers LLC raised its position in shares of Q2 by 2.6% in the 3rd quarter. Emerald Advisers LLC now owns 620,877 shares of the technology company’s stock worth $49,527,000 after purchasing an additional 15,581 shares during the last quarter. Finally, Pembroke Management LTD boosted its stake in Q2 by 77.3% in the 3rd quarter. Pembroke Management LTD now owns 214,638 shares of the technology company’s stock worth $17,122,000 after purchasing an additional 93,582 shares in the last quarter.

Insider Activity

In related news, General Counsel Michael S. Kerr sold 517 shares of the firm’s stock in a transaction 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 transaction, the general counsel now directly owns 61,130 shares of the company’s stock, valued at approximately $4,331,671.80. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Q2 news, General Counsel Michael S. Kerr sold 517 shares of the firm’s stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $70.86, for a total transaction of $36,634.62. Following the sale, the general counsel now owns 61,130 shares in the company, valued at approximately $4,331,671.80. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CRO Michael A. Volanoski sold 1,428 shares of the company’s stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $71.93, for a total transaction of $102,716.04. Following the completion of the transaction, the executive now owns 227,672 shares of the company’s stock, valued at approximately $16,376,446.96. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 41,963 shares of company stock valued at $3,109,699 in the last 90 days. Company insiders own 3.00% of the company’s stock.

Q2 Stock Performance

Shares of NYSE QTWO opened at $103.30 on Thursday. The company has a current ratio of 2.50, a quick ratio of 2.50 and a debt-to-equity ratio of 0.99. Q2 Holdings, Inc. has a 12-month low of $34.47 and a 12-month high of $105.00. The firm has a market capitalization of $6.24 billion, a price-to-earnings ratio of -107.60 and a beta of 1.58. The firm has a 50 day moving average of $82.11 and a 200 day moving average of $70.58.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on QTWO shares. The Goldman Sachs Group raised their price objective on shares of Q2 from $86.00 to $103.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. DA Davidson upped their price objective on Q2 from $76.00 to $86.00 and gave the company a “neutral” rating in a research report on Monday. Needham & Company LLC increased their target price on Q2 from $90.00 to $120.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Stifel Nicolaus boosted their price target on Q2 from $65.00 to $85.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Finally, Morgan Stanley increased their price objective on Q2 from $65.00 to $90.00 and gave the company an “equal weight” rating in a research report on Thursday, November 7th. Five analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $91.50.

Q2 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.