Captrust Financial Advisors Has $390,000 Stock Holdings in Q2 Holdings, Inc. (NYSE:QTWO)

Captrust Financial Advisors grew its position in Q2 Holdings, Inc. (NYSE:QTWO) by 20.1% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 4,892 shares of the technology company’s stock after buying an additional 820 shares during the period. Captrust Financial Advisors’ holdings in Q2 were worth $390,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Versor Investments LP acquired a new position in Q2 in the third quarter valued at approximately $590,000. Perpetual Ltd bought a new position in shares of Q2 in the 3rd quarter worth $80,788,000. BNP Paribas Financial Markets increased its holdings in Q2 by 32.2% in the third quarter. BNP Paribas Financial Markets now owns 30,720 shares of the technology company’s stock valued at $2,451,000 after purchasing an additional 7,475 shares during the last quarter. Intech Investment Management LLC acquired a new position in Q2 in the third quarter valued at about $1,227,000. Finally, Creative Planning boosted its holdings in Q2 by 62.5% during the third quarter. Creative Planning now owns 19,834 shares of the technology company’s stock worth $1,582,000 after buying an additional 7,631 shares during the last quarter.

Q2 Stock Performance

Shares of QTWO opened at $105.17 on Friday. The company has a current ratio of 2.50, a quick ratio of 2.50 and a debt-to-equity ratio of 0.99. The firm’s fifty day simple moving average is $94.11 and its two-hundred day simple moving average is $76.98. Q2 Holdings, Inc. has a 12 month low of $39.64 and a 12 month high of $112.82. The stock has a market capitalization of $6.35 billion, a P/E ratio of -109.48 and a beta of 1.60.

Insider Activity at Q2

In related news, Director James Offerdahl sold 548 shares of the stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $104.95, for a total transaction of $57,512.60. Following the transaction, the director now directly owns 18,241 shares of the company’s stock, valued at $1,914,392.95. This represents a 2.92 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed 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 transaction, the president now owns 340,903 shares in the company, valued at $36,135,718. This represents a 2.45 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 28,836 shares of company stock worth $3,061,035 in the last 90 days. Corporate insiders own 3.00% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on QTWO. Stephens lifted their price objective on shares of Q2 from $75.00 to $100.00 and gave the stock an “overweight” rating in a research note on Thursday, November 7th. The Goldman Sachs Group raised their price objective on Q2 from $86.00 to $103.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Compass Point raised their target price on shares of Q2 from $91.00 to $107.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Morgan Stanley increased their target price on Q2 from $65.00 to $90.00 and gave the stock an “equal weight” rating in a report on Thursday, November 7th. Finally, Truist Financial restated a “buy” rating and issued a $100.00 price target (up from $78.00) on shares of Q2 in a report on Thursday, November 7th. Five analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Q2 has an average 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.