Q2 Holdings, Inc. (NYSE:QTWO) Shares Acquired by Swiss National Bank

Swiss National Bank increased its stake in shares of Q2 Holdings, Inc. (NYSE:QTWO) by 1.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 117,400 shares of the technology company’s stock after buying an additional 1,200 shares during the quarter. Swiss National Bank owned about 0.19% of Q2 worth $9,365,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the company. Natixis Advisors LLC grew its stake in Q2 by 4.5% during the 3rd quarter. Natixis Advisors LLC now owns 17,435 shares of the technology company’s stock valued at $1,391,000 after purchasing an additional 744 shares during the last quarter. Parametrica Management Ltd acquired a new stake in shares of Q2 during the third quarter worth about $236,000. Chase Investment Counsel Corp boosted its position in Q2 by 4.2% in the third quarter. Chase Investment Counsel Corp now owns 48,365 shares of the technology company’s stock valued at $3,858,000 after buying an additional 1,951 shares during the last quarter. Versor Investments LP purchased a new position in Q2 during the 3rd quarter worth approximately $590,000. Finally, Venturi Wealth Management LLC lifted its stake 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 acquiring an additional 354,524 shares during the period.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on QTWO shares. Citigroup lowered shares of Q2 from a “buy” rating to a “neutral” rating and increased their price objective for the stock from $72.00 to $90.00 in a research note on Friday, October 18th. DA Davidson lifted 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. Compass Point upped their target price on Q2 from $91.00 to $107.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Morgan Stanley lifted their price target on Q2 from $65.00 to $90.00 and gave the company an “equal weight” rating in a research report on Thursday, November 7th. Finally, Stephens upped their price objective on Q2 from $75.00 to $100.00 and gave the stock an “overweight” rating in a research report on Thursday, November 7th. Five analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $91.50.

Insider Buying and Selling

In other news, General Counsel Michael S. Kerr sold 517 shares of the firm’s stock in a transaction dated Wednesday, September 11th. The shares were 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 0.84 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CRO Michael A. Volanoski sold 1,428 shares of the company’s stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $71.93, for a total transaction of $102,716.04. Following the sale, the executive now directly owns 227,672 shares of the company’s stock, valued at approximately $16,376,446.96. This represents a 0.62 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 2,958 shares of company stock worth $214,282 in the last 90 days. Insiders own 3.00% of the company’s stock.

Q2 Stock Performance

QTWO opened at $106.37 on Monday. The firm’s fifty day simple moving average is $86.05 and its two-hundred day simple moving average is $72.71. Q2 Holdings, Inc. has a 52-week low of $34.59 and a 52-week high of $106.53. The company has a market cap of $6.42 billion, a price-to-earnings 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.