1,365 Shares in Q2 Holdings, Inc. (NYSE:QTWO) Acquired by 1620 Investment Advisors Inc.

1620 Investment Advisors Inc. bought a new position in shares of Q2 Holdings, Inc. (NYSE:QTWO) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 1,365 shares of the technology company’s stock, valued at approximately $137,000.

Other large investors have also recently added to or reduced their stakes in the company. Proficio Capital Partners LLC bought a new stake in Q2 during the fourth quarter worth approximately $29,000. Quarry LP boosted its position in Q2 by 988.2% during the third quarter. Quarry LP now owns 370 shares of the technology company’s stock worth $30,000 after purchasing an additional 336 shares during the period. SBI Securities Co. Ltd. bought a new stake in Q2 during the fourth quarter worth approximately $30,000. TCTC Holdings LLC bought a new stake in Q2 during the fourth quarter worth approximately $30,000. Finally, Ameliora Wealth Management Ltd. bought a new stake in Q2 during the fourth quarter worth approximately $32,000.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on QTWO. Truist Financial reaffirmed a “buy” rating and set a $110.00 target price (up previously from $100.00) on shares of Q2 in a research report on Thursday, February 13th. Royal Bank of Canada increased their price objective on Q2 from $105.00 to $108.00 and gave the company a “sector perform” rating in a research report on Thursday, February 13th. Robert W. Baird reissued a “neutral” rating and issued a $99.00 price objective (up from $89.00) on shares of Q2 in a research report on Friday, January 10th. Citigroup increased their price objective on Q2 from $96.00 to $100.00 and gave the company a “neutral” rating in a research report on Thursday, February 13th. Finally, Stephens reissued an “overweight” rating and issued a $115.00 price objective on shares of Q2 in a research report on Thursday, February 13th. Seven analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, Q2 presently has an average rating of “Moderate Buy” and an average target price of $105.27.

Insider Activity

In other news, Director James Offerdahl sold 1,000 shares of the firm’s stock in a transaction on Monday, February 24th. The stock was sold at an average price of $87.96, for a total value of $87,960.00. Following the completion of the sale, the director now directly owns 17,241 shares in the company, valued at approximately $1,516,518.36. This trade represents a 5.48 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Matthew P. Flake sold 56,799 shares of the firm’s stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $78.28, for a total value of $4,446,225.72. Following the completion of the sale, the chief executive officer now owns 453,849 shares of the company’s stock, valued at approximately $35,527,299.72. This trade represents a 11.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 157,835 shares of company stock worth $11,959,517. 3.00% of the stock is owned by corporate insiders.

Q2 Stock Performance

Q2 stock opened at $79.10 on Friday. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.40 and a quick ratio of 1.40. The stock has a fifty day moving average price of $87.85 and a two-hundred day moving average price of $90.18. Q2 Holdings, Inc. has a 52-week low of $46.50 and a 52-week high of $112.82. The firm has a market capitalization of $4.80 billion, a P/E ratio of -121.69 and a beta of 1.62.

Q2 (NYSE:QTWO) last released its quarterly earnings data on Wednesday, February 12th. The technology company reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.48 by ($0.30). Q2 had a positive return on equity of 0.85% and a negative net margin of 5.53%. As a group, analysts anticipate that Q2 Holdings, Inc. will post 0.67 EPS for the current fiscal year.

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.