Highland Capital Management LLC Purchases 172 Shares of Q2 Holdings, Inc. (NYSE:QTWO)

Highland Capital Management LLC boosted its position in shares of Q2 Holdings, Inc. (NYSE:QTWO) by 6.6% during the 4th quarter, HoldingsChannel.com reports. The firm owned 2,775 shares of the technology company’s stock after acquiring an additional 172 shares during the quarter. Highland Capital Management LLC’s holdings in Q2 were worth $279,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Versor Investments LP bought a new position in shares of Q2 during the third quarter valued at approximately $590,000. Perpetual Ltd bought a new position in Q2 in the 3rd quarter valued at $80,788,000. State Street Corp increased its stake in Q2 by 0.3% in the third quarter. State Street Corp now owns 1,668,767 shares of the technology company’s stock worth $133,118,000 after purchasing an additional 5,000 shares during the period. BNP Paribas Financial Markets lifted its position in shares of Q2 by 32.2% during the third quarter. BNP Paribas Financial Markets now owns 30,720 shares of the technology company’s stock worth $2,451,000 after purchasing an additional 7,475 shares during the last quarter. Finally, Nordea Investment Management AB boosted its stake in shares of Q2 by 61.8% during the fourth quarter. Nordea Investment Management AB now owns 111,110 shares of the technology company’s stock valued at $11,208,000 after purchasing an additional 42,433 shares during the period.

Analyst Ratings Changes

QTWO has been the topic of several recent analyst reports. KeyCorp raised shares of Q2 from a “sector weight” rating to an “overweight” rating and set a $126.00 price target on the stock in a research note on Wednesday, December 18th. DA Davidson lifted their price target on shares of Q2 from $76.00 to $86.00 and gave the company a “neutral” rating in a research note on Monday, November 11th. Morgan Stanley increased their price objective on Q2 from $65.00 to $90.00 and gave the stock an “equal weight” rating in a research note on Thursday, November 7th. Compass Point lifted their target price on Q2 from $91.00 to $107.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Finally, Stifel Nicolaus increased their price target on Q2 from $100.00 to $115.00 and gave the stock a “buy” rating in a research report on Wednesday, December 18th. Seven investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, Q2 has a consensus rating of “Moderate Buy” and an average price target of $98.07.

Q2 Stock Down 2.8 %

NYSE:QTWO opened at $94.96 on Friday. The company has a debt-to-equity ratio of 0.99, a quick ratio of 2.50 and a current ratio of 2.50. The stock has a market capitalization of $5.74 billion, a P/E ratio of -98.91 and a beta of 1.61. The company’s 50-day simple moving average is $101.06 and its 200-day simple moving average is $86.51. Q2 Holdings, Inc. has a fifty-two week low of $40.60 and a fifty-two week high of $112.82.

Insiders Place Their Bets

In other Q2 news, Director James Offerdahl sold 548 shares of the company’s stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $104.95, for a total transaction of $57,512.60. Following the transaction, the director now owns 18,241 shares in the company, valued at approximately $1,914,392.95. This represents a 2.92 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, President Kirk L. Coleman sold 10,428 shares of Q2 stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $106.42, for a total transaction of $1,109,747.76. Following the sale, the president now owns 337,643 shares of the company’s stock, valued at $35,931,968.06. The trade was a 3.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 28,836 shares of company stock valued at $3,061,035. 3.00% of the stock is currently owned by insiders.

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.