1,900 Shares in Q2 Holdings, Inc. (NYSE:QTWO) Purchased by Heck Capital Advisors LLC

Heck Capital Advisors LLC acquired a new position in Q2 Holdings, Inc. (NYSE:QTWO) during the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 1,900 shares of the technology company’s stock, valued at approximately $191,000.

Other institutional investors have also added to or reduced their stakes in the company. Quarry LP grew its stake in shares of Q2 by 988.2% during the third quarter. Quarry LP now owns 370 shares of the technology company’s stock valued at $30,000 after buying an additional 336 shares during the last quarter. CWM LLC grew its position in Q2 by 199.8% in the 3rd quarter. CWM LLC now owns 1,442 shares of the technology company’s stock valued at $115,000 after acquiring an additional 961 shares during the last quarter. International Assets Investment Management LLC lifted its position in shares of Q2 by 7,878.3% during the third quarter. International Assets Investment Management LLC now owns 1,835 shares of the technology company’s stock worth $146,000 after purchasing an additional 1,812 shares during the last quarter. Asset Management One Co. Ltd. lifted its position in shares of Q2 by 108.1% during 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. Finally, Diversified Trust Co bought a new position in shares of Q2 in the fourth quarter worth about $203,000.

Q2 Price Performance

Shares of QTWO opened at $94.96 on Friday. The company has a 50 day moving average of $101.06 and a two-hundred day moving average of $86.62. The company has a market cap of $5.74 billion, a price-to-earnings ratio of -98.91 and a beta of 1.61. The company has a quick ratio of 2.50, a current ratio of 2.50 and a debt-to-equity ratio of 0.99. Q2 Holdings, Inc. has a twelve month low of $40.60 and a twelve month high of $112.82.

Wall Street Analysts Forecast Growth

QTWO has been the subject of a number of research analyst reports. DA Davidson lifted their price objective on shares of Q2 from $76.00 to $86.00 and gave the company a “neutral” rating in a report on Monday, November 11th. Robert W. Baird reiterated a “neutral” rating and issued a $99.00 price target (up previously from $89.00) on shares of Q2 in a report on Friday, January 10th. Truist Financial restated a “buy” rating and set a $100.00 price objective (up from $78.00) on shares of Q2 in a report on Thursday, November 7th. Stephens increased their price target on Q2 from $75.00 to $100.00 and gave the stock an “overweight” rating in a research report on Thursday, November 7th. Finally, Compass Point raised their price target on Q2 from $91.00 to $107.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Seven research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, Q2 has an average rating of “Moderate Buy” and a consensus price target of $98.07.

Insider Transactions at Q2

In related news, President Kirk L. Coleman sold 10,428 shares of Q2 stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $106.42, for a total value of $1,109,747.76. Following the completion of the sale, the president now directly owns 337,643 shares in the company, valued at $35,931,968.06. This trade represents a 3.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CRO Michael A. Volanoski sold 5,123 shares of the company’s stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $106.12, for a total transaction of $543,652.76. Following the transaction, the executive now owns 218,371 shares in the company, valued at $23,173,530.52. The trade was a 2.29 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 28,836 shares of company stock valued at $3,061,035 in the last quarter. 3.00% of the stock is currently owned by corporate insiders.

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.