Barclays PLC Has $13.01 Million Position in Q2 Holdings, Inc. (NYSE:QTWO)

Barclays PLC raised its holdings in Q2 Holdings, Inc. (NYSE:QTWO) by 104.0% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 163,138 shares of the technology company’s stock after acquiring an additional 83,181 shares during the quarter. Barclays PLC owned about 0.27% of Q2 worth $13,012,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. CWM LLC lifted its stake in shares of Q2 by 54.2% in the 2nd quarter. CWM LLC now owns 481 shares of the technology company’s stock valued at $29,000 after purchasing an additional 169 shares during the last quarter. Quarry LP raised its holdings in 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 in the last quarter. International Assets Investment Management LLC lifted its holdings in Q2 by 7,878.3% in the 3rd 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 stake in shares of 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 buying an additional 964 shares during the last quarter. Finally, Quest Partners LLC acquired a new position in Q2 during the 2nd quarter worth $153,000.

Insider Buying and Selling at Q2

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

Analysts Set New Price Targets

Several research firms recently weighed in on QTWO. Piper Sandler boosted their price objective on Q2 from $74.00 to $93.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. Morgan Stanley upped their price target on Q2 from $65.00 to $90.00 and gave the stock an “equal weight” rating in a report on Thursday, November 7th. Needham & Company LLC raised their price objective on shares of Q2 from $90.00 to $120.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. The Goldman Sachs Group upped their target price on shares of Q2 from $86.00 to $103.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Finally, BTIG Research raised their price target on shares of Q2 from $75.00 to $82.00 and gave the stock a “buy” rating in a research report on Monday, August 26th. Five research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $91.50.

Q2 Trading Down 0.8 %

NYSE QTWO opened at $105.10 on Monday. Q2 Holdings, Inc. has a twelve month low of $39.64 and a twelve month high of $112.82. The company has a debt-to-equity ratio of 0.99, a current ratio of 2.50 and a quick ratio of 2.50. The company’s 50-day simple moving average is $94.62 and its 200 day simple moving average is $77.49.

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.