PFG Investments LLC Buys Shares of 8,285 Q2 Holdings, Inc. (NYSE:QTWO)

PFG Investments LLC bought a new stake in Q2 Holdings, Inc. (NYSE:QTWO) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 8,285 shares of the technology company’s stock, valued at approximately $435,000.

Other hedge funds have also recently made changes to their positions in the company. Nordea Investment Management AB bought a new stake in shares of Q2 in the fourth quarter valued at $1,938,000. Vanguard Group Inc. raised its stake in shares of Q2 by 7.5% in the third quarter. Vanguard Group Inc. now owns 6,952,848 shares of the technology company’s stock valued at $224,368,000 after buying an additional 487,111 shares during the period. Jennison Associates LLC raised its stake in shares of Q2 by 32.0% in the fourth quarter. Jennison Associates LLC now owns 1,616,825 shares of the technology company’s stock valued at $70,186,000 after buying an additional 391,539 shares during the period. Deutsche Bank AG raised its stake in shares of Q2 by 13.4% in the third quarter. Deutsche Bank AG now owns 29,559 shares of the technology company’s stock valued at $954,000 after buying an additional 3,496 shares during the period. Finally, Lisanti Capital Growth LLC bought a new stake in shares of Q2 in the third quarter valued at $5,534,000.

Insider Activity

In other Q2 news, Director R. H. Seale sold 9,000 shares of the company’s stock in a transaction that occurred on Friday, April 19th. The stock was sold at an average price of $50.10, for a total transaction of $450,900.00. Following the completion of the transaction, the director now owns 363,754 shares of the company’s stock, valued at approximately $18,224,075.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Q2 news, Director R. H. Seale sold 9,000 shares of the company’s stock in a transaction that occurred on Friday, April 19th. The stock was sold at an average price of $50.10, for a total transaction of $450,900.00. Following the completion of the transaction, the director now owns 363,754 shares of the company’s stock, valued at approximately $18,224,075.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Matthew P. Flake sold 46,937 shares of the stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $42.20, for a total value of $1,980,741.40. Following the completion of the transaction, the chief executive officer now directly owns 473,411 shares of the company’s stock, valued at approximately $19,977,944.20. The disclosure for this sale can be found here. In the last quarter, insiders sold 337,639 shares of company stock valued at $14,994,784. Insiders own 3.60% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on QTWO shares. The Goldman Sachs Group boosted their price objective on Q2 from $39.00 to $51.00 and gave the company a “buy” rating in a research note on Tuesday, January 23rd. Stifel Nicolaus boosted their price objective on Q2 from $48.00 to $60.00 and gave the company a “buy” rating in a research note on Wednesday, April 24th. Robert W. Baird boosted their price objective on Q2 from $50.00 to $60.00 and gave the company an “outperform” rating in a research note on Monday, March 18th. DA Davidson boosted their price objective on Q2 from $48.00 to $58.00 and gave the company a “buy” rating in a research note on Tuesday, February 27th. Finally, Needham & Company LLC boosted their target price on Q2 from $50.00 to $58.00 and gave the stock a “buy” rating in a research report on Thursday, February 22nd. Four research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat.com, Q2 presently has an average rating of “Moderate Buy” and a consensus target price of $48.20.

Q2 Price Performance

Shares of QTWO traded down $1.12 during midday trading on Tuesday, reaching $51.37. The stock had a trading volume of 749,071 shares, compared to its average volume of 608,907. The company’s 50-day moving average is $50.07 and its 200 day moving average is $42.77. Q2 Holdings, Inc. has a 12-month low of $21.21 and a 12-month high of $54.50. The company has a current ratio of 2.23, a quick ratio of 2.23 and a debt-to-equity ratio of 1.09. The company has a market capitalization of $3.03 billion, a price-to-earnings ratio of -45.46 and a beta of 1.49.

Q2 (NYSE:QTWO) last posted its quarterly earnings data on Wednesday, February 21st. The technology company reported ($0.06) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.10) by $0.04. Q2 had a negative return on equity of 6.75% and a negative net margin of 10.47%. The firm had revenue of $162.12 million during the quarter, compared to analysts’ expectations of $161.31 million. On average, equities analysts predict that Q2 Holdings, Inc. will post -0.05 EPS for the current fiscal year.

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.