Q2 Holdings, Inc. (NYSE:QTWO) Shares Bought by Dakota Wealth Management

Dakota Wealth Management raised its holdings in Q2 Holdings, Inc. (NYSE:QTWO) by 189.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 16,030 shares of the technology company’s stock after acquiring an additional 10,498 shares during the quarter. Dakota Wealth Management’s holdings in Q2 were worth $1,613,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Versor Investments LP acquired a new stake in Q2 in the 3rd quarter valued at about $590,000. Perpetual Ltd purchased a new stake in Q2 during the third quarter valued at about $80,788,000. State Street Corp lifted its stake in Q2 by 0.3% during the third quarter. State Street Corp now owns 1,668,767 shares of the technology company’s stock valued at $133,118,000 after buying an additional 5,000 shares in the last quarter. BNP Paribas Financial Markets lifted its stake in Q2 by 32.2% during the third quarter. BNP Paribas Financial Markets now owns 30,720 shares of the technology company’s stock valued at $2,451,000 after buying an additional 7,475 shares in the last quarter. Finally, Nordea Investment Management AB lifted its stake in 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 buying an additional 42,433 shares in the last quarter.

Analyst Ratings Changes

A number of analysts have commented on the stock. Stephens upped their price objective on shares of Q2 from $75.00 to $100.00 and gave the company an “overweight” rating in a research note on Thursday, November 7th. DA Davidson upped their price objective 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. Royal Bank of Canada upped their price objective on shares of Q2 from $76.00 to $105.00 and gave the company a “sector perform” rating in a research note on Thursday, November 7th. KeyCorp raised shares of Q2 from a “sector weight” rating to an “overweight” rating and set a $126.00 price objective for the company in a research note on Wednesday, December 18th. Finally, The Goldman Sachs Group upped their target price on Q2 from $86.00 to $103.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Seven investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $98.07.

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 stock was sold at an average price of $104.95, for a total transaction of $57,512.60. Following the completion of the sale, the director now owns 18,241 shares of the company’s stock, valued at $1,914,392.95. This represents a 2.92 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CRO Michael A. Volanoski sold 5,123 shares of the stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $106.12, for a total value of $543,652.76. Following the completion of the sale, the executive now directly owns 218,371 shares of the company’s stock, valued at $23,173,530.52. This represents a 2.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 28,836 shares of company stock valued at $3,061,035 over the last 90 days. 3.00% of the stock is currently owned by company insiders.

Q2 Trading Up 0.6 %

NYSE:QTWO opened at $94.61 on Friday. The stock’s 50 day moving average price is $101.76 and its 200 day moving average price is $85.12. Q2 Holdings, Inc. has a 52 week low of $40.60 and a 52 week high of $112.82. The company has a market capitalization of $5.71 billion, a P/E ratio of -98.56 and a beta of 1.61. The company has a debt-to-equity ratio of 0.99, a quick ratio of 2.50 and a current ratio of 2.50.

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.