Cibc World Markets Corp Buys Shares of 5,506 Q2 Holdings, Inc. (NYSE:QTWO)

Cibc World Markets Corp bought a new stake in Q2 Holdings, Inc. (NYSE:QTWO) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 5,506 shares of the technology company’s stock, valued at approximately $554,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Proficio Capital Partners LLC purchased a new position in Q2 during the 4th quarter valued at about $29,000. Quarry LP grew its holdings in shares of Q2 by 988.2% in the third quarter. Quarry LP now owns 370 shares of the technology company’s stock valued at $30,000 after purchasing an additional 336 shares in the last quarter. SBI Securities Co. Ltd. purchased a new stake in Q2 during the 4th quarter worth approximately $30,000. Ameliora Wealth Management Ltd. purchased a new stake in Q2 during the 4th quarter worth approximately $32,000. Finally, Arcadia Investment Management Corp MI purchased a new stake in Q2 during the 4th quarter worth approximately $179,000.

Q2 Stock Up 0.6 %

QTWO stock opened at $79.10 on Friday. Q2 Holdings, Inc. has a one year low of $46.50 and a one year high of $112.82. The stock has a market capitalization of $4.80 billion, a PE ratio of -121.69 and a beta of 1.62. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.40 and a current ratio of 1.40. The company has a fifty day moving average of $87.85 and a 200-day moving average of $90.30.

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

Insider Activity at Q2

In related news, Director James Offerdahl sold 1,000 shares of the firm’s stock in a transaction dated Monday, February 24th. The shares were 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 owns 17,241 shares in the company, valued at $1,516,518.36. This trade represents a 5.48 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Matthew P. Flake sold 56,799 shares of the firm’s stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $78.28, for a total transaction of $4,446,225.72. Following the transaction, the chief executive officer now owns 453,849 shares of the company’s stock, valued at $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. Insiders sold 157,835 shares of company stock worth $11,959,517 over the last 90 days. Company insiders own 3.00% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently weighed in on QTWO. Robert W. Baird reaffirmed a “neutral” rating and set a $99.00 target price (up from $89.00) on shares of Q2 in a research note on Friday, January 10th. Needham & Company LLC increased their price objective on shares of Q2 from $120.00 to $125.00 and gave the company a “buy” rating in a research report on Thursday, February 13th. Royal Bank of Canada increased their price objective on shares of Q2 from $105.00 to $108.00 and gave the company a “sector perform” rating in a research report on Thursday, February 13th. Citigroup increased their price objective on shares of Q2 from $96.00 to $100.00 and gave the company a “neutral” rating in a research report on Thursday, February 13th. Finally, KeyCorp raised shares of Q2 from a “sector weight” rating to an “overweight” rating and set a $126.00 price objective on the stock in a research report on Wednesday, December 18th. Seven research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $105.27.

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.