Q2 Holdings, Inc. (NYSE:QTWO) Shares Purchased by Nordea Investment Management AB

Nordea Investment Management AB raised its holdings in shares of Q2 Holdings, Inc. (NYSE:QTWO) by 61.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 111,110 shares of the technology company’s stock after purchasing an additional 42,433 shares during the period. Nordea Investment Management AB owned about 0.18% of Q2 worth $11,208,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Natixis Advisors LLC grew its position in shares of Q2 by 1.4% during the 2nd quarter. Natixis Advisors LLC now owns 16,691 shares of the technology company’s stock valued at $1,007,000 after buying an additional 237 shares during the last quarter. Rhumbline Advisers grew its holdings in shares of Q2 by 6.9% during the second quarter. Rhumbline Advisers now owns 86,849 shares of the technology company’s stock valued at $5,240,000 after purchasing an additional 5,583 shares during the last quarter. Arizona State Retirement System raised its position in shares of Q2 by 2.6% during the 2nd quarter. Arizona State Retirement System now owns 16,537 shares of the technology company’s stock worth $998,000 after purchasing an additional 423 shares during the period. Quest Partners LLC bought a new stake in shares of Q2 in the 2nd quarter worth approximately $153,000. Finally, American Century Companies Inc. lifted its holdings in shares of Q2 by 5,990.6% in the 2nd quarter. American Century Companies Inc. now owns 1,210,143 shares of the technology company’s stock worth $73,008,000 after purchasing an additional 1,190,274 shares during the last quarter.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on QTWO. The Goldman Sachs Group increased their target price on Q2 from $86.00 to $103.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Morgan Stanley increased their price objective on shares of Q2 from $65.00 to $90.00 and gave the stock an “equal weight” rating in a report on Thursday, November 7th. Stifel Nicolaus boosted their target price on shares of Q2 from $100.00 to $115.00 and gave the company a “buy” rating in a research note on Wednesday, December 18th. Needham & Company LLC raised their price target on shares of Q2 from $90.00 to $120.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Finally, Stephens boosted 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 ten have assigned a buy rating to the stock. According to data from MarketBeat.com, Q2 has an average rating of “Moderate Buy” and a consensus target price of $95.80.

Q2 Trading Up 1.5 %

Shares of QTWO stock opened at $99.97 on Thursday. The company has a quick ratio of 2.50, a current ratio of 2.50 and a debt-to-equity ratio of 0.99. The stock has a 50-day simple moving average of $101.62 and a 200 day simple moving average of $82.67. Q2 Holdings, Inc. has a fifty-two week low of $40.60 and a fifty-two week high of $112.82. The stock has a market capitalization of $6.04 billion, a P/E ratio of -104.13 and a beta of 1.61.

Insider Activity

In other news, President Kirk L. Coleman sold 8,559 shares of the firm’s stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $106.00, for a total transaction of $907,254.00. Following the completion of the sale, the president now directly owns 340,903 shares of the company’s stock, valued at $36,135,718. This trade represents a 2.45 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director James Offerdahl sold 548 shares of Q2 stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $104.95, for a total value of $57,512.60. Following the completion of the transaction, the director now owns 18,241 shares in the company, valued at $1,914,392.95. The trade was a 2.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 28,836 shares of company stock worth $3,061,035. Corporate insiders own 3.00% of the company’s stock.

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.