Chase Investment Counsel Corp Buys 1,951 Shares of Q2 Holdings, Inc. (NYSE:QTWO)

Chase Investment Counsel Corp boosted its stake in Q2 Holdings, Inc. (NYSE:QTWO) by 4.2% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 48,365 shares of the technology company’s stock after purchasing an additional 1,951 shares during the quarter. Chase Investment Counsel Corp’s holdings in Q2 were worth $3,858,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in QTWO. CWM LLC boosted its stake in Q2 by 54.2% during the second quarter. CWM LLC now owns 481 shares of the technology company’s stock valued at $29,000 after buying an additional 169 shares during the last quarter. International Assets Investment Management LLC grew its holdings in shares of Q2 by 7,878.3% in the third quarter. International Assets Investment Management LLC now owns 1,835 shares of the technology company’s stock valued at $146,000 after purchasing an additional 1,812 shares in the last quarter. Asset Management One Co. Ltd. increased its position in Q2 by 108.1% in the third quarter. Asset Management One Co. Ltd. now owns 1,856 shares of the technology company’s stock worth $148,000 after purchasing an additional 964 shares during the last quarter. Quest Partners LLC purchased a new stake in Q2 during the second quarter valued at $153,000. Finally, Highland Capital Management LLC purchased a new position in shares of Q2 in the 3rd quarter worth $208,000.

Analysts Set New Price Targets

Several analysts have recently issued reports on QTWO shares. BTIG Research increased their price target on shares of Q2 from $75.00 to $82.00 and gave the company a “buy” rating in a report on Monday, August 26th. Truist Financial reaffirmed a “buy” rating and issued a $100.00 price objective (up from $78.00) on shares of Q2 in a research note on Thursday, November 7th. Needham & Company LLC increased their price target on Q2 from $90.00 to $120.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Citigroup cut shares of Q2 from a “buy” rating to a “neutral” rating and boosted their price objective for the company from $72.00 to $90.00 in a research report on Friday, October 18th. Finally, 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 research report on Thursday, November 7th. Five investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $91.50.

Insider Transactions at Q2

In related news, Director James Offerdahl sold 1,013 shares of the firm’s stock in a transaction on Wednesday, August 28th. The stock was sold at an average price of $73.97, for a total value of $74,931.61. Following the completion of the transaction, the director now owns 18,789 shares in the company, valued at $1,389,822.33. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. In related news, Director James Offerdahl sold 1,013 shares of the firm’s stock in a transaction on Wednesday, August 28th. The shares were sold at an average price of $73.97, for a total transaction of $74,931.61. Following the completion of the transaction, the director now owns 18,789 shares of the company’s stock, valued at $1,389,822.33. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Jeffrey T. Diehl sold 28,005 shares of the company’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $75.25, for a total transaction of $2,107,376.25. Following the completion of the sale, the director now directly owns 397,702 shares in the company, valued at approximately $29,927,075.50. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 41,963 shares of company stock worth $3,109,699. Insiders own 3.00% of the company’s stock.

Q2 Stock Performance

Shares of QTWO opened at $101.92 on Wednesday. Q2 Holdings, Inc. has a 12 month low of $33.17 and a 12 month high of $105.00. The stock has a fifty day moving average price of $80.93 and a 200-day moving average price of $70.01. 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 has a market cap of $6.16 billion, a PE ratio of -106.17 and a beta of 1.58.

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.