Q2 Holdings, Inc. (NYSE:QTWO) Shares Purchased by Diversified Trust Co

Diversified Trust Co boosted its holdings in shares of Q2 Holdings, Inc. (NYSE:QTWO) by 6.5% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 14,556 shares of the technology company’s stock after buying an additional 886 shares during the quarter. Diversified Trust Co’s holdings in Q2 were worth $765,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Contravisory Investment Management Inc. grew its position in shares of Q2 by 4.4% during the first quarter. Contravisory Investment Management Inc. now owns 7,164 shares of the technology company’s stock worth $377,000 after buying an additional 304 shares in the last quarter. Los Angeles Capital Management LLC increased its position in shares of Q2 by 35.9% in the 1st quarter. Los Angeles Capital Management LLC now owns 18,558 shares of the technology company’s stock valued at $975,000 after purchasing an additional 4,905 shares during the last quarter. Seven Eight Capital LP raised its holdings in shares of Q2 by 79.6% in the 4th quarter. Seven Eight Capital LP now owns 18,823 shares of the technology company’s stock valued at $817,000 after purchasing an additional 8,344 shares in the last quarter. PEAK6 Investments LLC grew its stake in shares of Q2 by 68.8% during the fourth quarter. PEAK6 Investments LLC now owns 69,205 shares of the technology company’s stock worth $3,004,000 after purchasing an additional 28,215 shares in the last quarter. Finally, Premier Fund Managers Ltd purchased a new position in Q2 in the fourth quarter valued at $294,000.

Insider Buying and Selling

In other Q2 news, CRO Michael A. Volanoski sold 1,166 shares of the business’s stock in a transaction on Monday, June 10th. The shares were sold at an average price of $61.26, for a total transaction of $71,429.16. Following the sale, the executive now directly owns 239,476 shares in the company, valued at approximately $14,670,299.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, President Kirk L. Coleman sold 3,537 shares of the company’s stock in a transaction that occurred on Monday, June 10th. The stock was sold at an average price of $61.26, for a total value of $216,676.62. Following the sale, the president now owns 352,177 shares in the company, valued at approximately $21,574,363.02. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CRO Michael A. Volanoski sold 1,166 shares of Q2 stock in a transaction on Monday, June 10th. The stock was sold at an average price of $61.26, for a total value of $71,429.16. Following the transaction, the executive now directly owns 239,476 shares of the company’s stock, valued at $14,670,299.76. The disclosure for this sale can be found here. Insiders have sold 91,684 shares of company stock valued at $5,548,275 over the last quarter. Company insiders own 3.60% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on QTWO shares. Piper Sandler upped their price objective on Q2 from $47.00 to $61.00 and gave the stock a “neutral” rating in a research report on Friday, May 3rd. BTIG Research raised their price objective on shares of Q2 from $48.00 to $60.00 and gave the stock a “buy” rating in a report on Thursday, May 2nd. Morgan Stanley reaffirmed an “equal weight” rating and issued a $50.00 target price (up from $40.00) on shares of Q2 in a research report on Thursday, May 2nd. Royal Bank of Canada lifted their price target on shares of Q2 from $46.00 to $60.00 and gave the stock a “sector perform” rating in a research note on Thursday, May 2nd. Finally, Stifel Nicolaus raised their price objective on Q2 from $48.00 to $60.00 and gave the stock a “buy” rating in a report on Wednesday, April 24th. Four analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Q2 currently has a consensus rating of “Moderate Buy” and an average target price of $55.53.

Q2 Trading Up 1.1 %

Shares of Q2 stock opened at $60.87 on Wednesday. Q2 Holdings, Inc. has a one year low of $28.91 and a one year high of $64.17. The company has a debt-to-equity ratio of 1.06, a quick ratio of 2.38 and a current ratio of 2.38. The firm has a fifty day moving average of $59.68 and a two-hundred day moving average of $50.94.

Q2 (NYSE:QTWO) last announced its quarterly earnings data on Wednesday, May 1st. The technology company reported ($0.04) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.01. The company had revenue of $165.51 million for the quarter, compared to analyst estimates of $163.58 million. Q2 had a negative return on equity of 5.88% and a negative net margin of 12.35%. As a group, equities research analysts forecast that Q2 Holdings, Inc. will post -0.05 EPS for the current fiscal year.

Q2 Company 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.