Pathstone Holdings LLC Purchases 2,035 Shares of Q2 Holdings, Inc. (NYSE:QTWO)

Pathstone Holdings LLC grew its position in shares of Q2 Holdings, Inc. (NYSE:QTWO) by 7.0% during the 3rd quarter, Holdings Channel.com reports. The firm owned 31,191 shares of the technology company’s stock after acquiring an additional 2,035 shares during the period. Pathstone Holdings LLC’s holdings in Q2 were worth $2,488,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. American Century Companies Inc. boosted its position in Q2 by 5,990.6% during the second quarter. American Century Companies Inc. now owns 1,210,143 shares of the technology company’s stock valued at $73,008,000 after buying an additional 1,190,274 shares during the period. Perpetual Ltd bought a new position in Q2 during the 3rd quarter worth approximately $80,788,000. Price T Rowe Associates Inc. MD increased its stake in Q2 by 1,910.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 719,767 shares of the technology company’s stock worth $37,832,000 after purchasing an additional 683,957 shares during the period. Venturi Wealth Management LLC lifted its position in Q2 by 139.5% in the third quarter. Venturi Wealth Management LLC now owns 608,721 shares of the technology company’s stock valued at $48,558,000 after purchasing an additional 354,524 shares during the last quarter. Finally, Clearbridge Investments LLC purchased a new stake in shares of Q2 during the second quarter valued at approximately $13,490,000.

Insider Buying and Selling

In related news, 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 value of $102,716.04. Following the sale, the executive now owns 227,672 shares in the company, valued at $16,376,446.96. This represents a 0.62 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director James Offerdahl sold 1,013 shares of Q2 stock in a transaction on Wednesday, August 28th. The shares were sold at an average price of $73.97, for a total value of $74,931.61. Following the transaction, the director now owns 18,789 shares of the company’s stock, valued at $1,389,822.33. The trade was a 5.12 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 3,506 shares of company stock worth $271,795 in the last three months. 3.00% of the stock is owned by corporate insiders.

Q2 Price Performance

QTWO opened at $107.36 on Tuesday. 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 company has a market cap of $6.48 billion, a price-to-earnings ratio of -110.80 and a beta of 1.58. The stock has a fifty day simple moving average of $86.05 and a two-hundred day simple moving average of $72.78. Q2 Holdings, Inc. has a 12-month low of $34.59 and a 12-month high of $107.96.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. Compass Point lifted their target price on shares of Q2 from $91.00 to $107.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. DA Davidson upped their price objective on shares of Q2 from $76.00 to $86.00 and gave the company a “neutral” rating in a research note on Monday, November 11th. The Goldman Sachs Group increased their target price on shares of Q2 from $86.00 to $103.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Royal Bank of Canada boosted their price target on Q2 from $76.00 to $105.00 and gave the company a “sector perform” rating in a report on Thursday, November 7th. Finally, Needham & Company LLC increased their price objective on Q2 from $90.00 to $120.00 and gave the stock a “buy” rating 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. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target 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.