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

Captrust Financial Advisors increased its holdings in Q2 Holdings, Inc. (NYSE:QTWO) by 20.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,892 shares of the technology company’s stock after acquiring an additional 820 shares during the period. Captrust Financial Advisors’ holdings in Q2 were worth $390,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in QTWO. CWM LLC lifted its holdings in shares of Q2 by 54.2% in the second quarter. CWM LLC now owns 481 shares of the technology company’s stock valued at $29,000 after purchasing an additional 169 shares in the last quarter. Natixis Advisors LLC boosted its holdings in Q2 by 1.4% during the 2nd quarter. Natixis Advisors LLC now owns 16,691 shares of the technology company’s stock worth $1,007,000 after acquiring an additional 237 shares during the last quarter. Panagora Asset Management Inc. grew its stake in shares of Q2 by 3.1% in the 2nd quarter. Panagora Asset Management Inc. now owns 13,659 shares of the technology company’s stock worth $824,000 after acquiring an additional 407 shares in the last quarter. Arizona State Retirement System raised its holdings in shares of Q2 by 2.6% in the second quarter. Arizona State Retirement System now owns 16,537 shares of the technology company’s stock valued at $998,000 after purchasing an additional 423 shares during the last quarter. Finally, RiverPark Advisors LLC lifted its position in shares of Q2 by 9.6% during the second quarter. RiverPark Advisors LLC now owns 6,737 shares of the technology company’s stock valued at $406,000 after purchasing an additional 591 shares in the last quarter.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. BTIG Research increased their price objective on shares of Q2 from $75.00 to $82.00 and gave the company a “buy” rating in a research note on Monday, August 26th. Compass Point increased their price target on Q2 from $91.00 to $107.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Royal Bank of Canada boosted their price objective on Q2 from $76.00 to $105.00 and gave the stock a “sector perform” rating in a research report on Thursday, November 7th. Morgan Stanley raised their target price 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, Needham & Company LLC boosted their price target on shares of Q2 from $90.00 to $120.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Five research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, Q2 has an average rating of “Moderate Buy” and an average price target of $91.50.

Insider Activity at Q2

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

Q2 Price Performance

QTWO opened at $105.17 on Friday. The company has a market capitalization of $6.35 billion, a price-to-earnings ratio of -109.48 and a beta of 1.60. 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 firm has a 50-day moving average price of $94.11 and a 200-day moving average price of $76.98. Q2 Holdings, Inc. has a twelve month low of $39.64 and a twelve month high of $112.82.

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.