Cookson Peirce & Co. Inc. Buys New Stake in Q2 Holdings, Inc. (NYSE:QTWO)

Cookson Peirce & Co. Inc. purchased a new stake in Q2 Holdings, Inc. (NYSE:QTWO) during the 4th quarter, HoldingsChannel.com reports. The institutional investor purchased 116,060 shares of the technology company’s stock, valued at approximately $11,681,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. purchased a new position in Q2 in the fourth quarter valued at $30,000. Ameliora Wealth Management Ltd. acquired a new position in Q2 during the fourth quarter worth $32,000. Quarry LP lifted 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 purchasing an additional 336 shares in the last quarter. Arcadia Investment Management Corp MI acquired a new stake in shares of Q2 in the fourth quarter valued at about $179,000. Finally, International Assets Investment Management LLC lifted its stake 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 valued at $146,000 after buying an additional 1,812 shares in the last quarter.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. DA Davidson boosted their price target on Q2 from $76.00 to $86.00 and gave the stock a “neutral” rating in a research report on Monday, November 11th. Morgan Stanley boosted their price target on shares of Q2 from $65.00 to $90.00 and gave the company an “equal weight” rating in a research report on Thursday, November 7th. Needham & Company LLC lifted their target price on shares of Q2 from $120.00 to $125.00 and gave the stock a “buy” rating in a research note on Thursday, February 13th. Compass Point increased their price target on shares of Q2 from $91.00 to $107.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Finally, Stifel Nicolaus raised their price target on shares of Q2 from $115.00 to $125.00 and gave the stock a “buy” rating in a report on Thursday, February 13th. Seven research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, Q2 currently has a consensus rating of “Moderate Buy” and a consensus target price of $105.27.

Insider Activity

In other Q2 news, CRO Michael A. Volanoski sold 4,178 shares of the company’s stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $106.00, for a total transaction of $442,868.00. Following the sale, the executive now owns 223,494 shares in the company, valued at $23,690,364. This represents a 1.84 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, President Kirk L. Coleman sold 10,428 shares of Q2 stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $106.42, for a total value of $1,109,747.76. Following the completion of the transaction, 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 position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 29,288 shares of company stock valued at $3,091,483. 3.00% of the stock is currently owned by company insiders.

Q2 Stock Down 4.2 %

NYSE:QTWO opened at $80.56 on Wednesday. Q2 Holdings, Inc. has a 52 week low of $45.41 and a 52 week high of $112.82. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.58. The stock’s fifty day moving average is $94.11 and its two-hundred day moving average is $90.17. The stock has a market capitalization of $4.89 billion, a price-to-earnings ratio of -123.93 and a beta of 1.61.

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

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.