3,064 Shares in Q2 Holdings, Inc. (NYSE:QTWO) Purchased by Fox Run Management L.L.C.

Fox Run Management L.L.C. bought a new stake in Q2 Holdings, Inc. (NYSE:QTWO) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 3,064 shares of the technology company’s stock, valued at approximately $308,000.

Other institutional investors also recently added to or reduced their stakes in the company. Proficio Capital Partners LLC acquired a new stake in shares of Q2 in the fourth quarter worth $29,000. Quarry LP grew its position in Q2 by 988.2% in the 3rd quarter. Quarry LP now owns 370 shares of the technology company’s stock worth $30,000 after purchasing an additional 336 shares during the last quarter. SBI Securities Co. Ltd. bought a new position in shares of Q2 during the 4th quarter worth about $30,000. TCTC Holdings LLC acquired a new position in shares of Q2 during the fourth quarter valued at about $30,000. Finally, Ameliora Wealth Management Ltd. bought a new stake in shares of Q2 in the fourth quarter valued at about $32,000.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Citigroup boosted their price target on Q2 from $96.00 to $100.00 and gave the company a “neutral” rating in a research note on Thursday, February 13th. KeyCorp upgraded Q2 from a “sector weight” rating to an “overweight” rating and set a $126.00 target price for the company in a research note on Wednesday, December 18th. Raymond James raised their target price on Q2 from $100.00 to $110.00 and gave the stock an “outperform” rating in a research report on Thursday, February 13th. Baird R W lowered shares of Q2 from a “strong-buy” rating to a “hold” rating in a report on Friday, January 10th. Finally, Stephens reiterated an “overweight” rating and set a $115.00 target price on shares of Q2 in a research report on Thursday, February 13th. Seven equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $105.27.

Insider Activity

In related news, CRO Michael A. Volanoski sold 15,005 shares of the firm’s stock in a transaction dated Wednesday, March 12th. The stock was sold at an average price of $74.12, for a total value of $1,112,170.60. Following the transaction, the executive now owns 197,966 shares in the company, valued at $14,673,239.92. This trade represents a 7.05 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director James Offerdahl sold 1,000 shares of the company’s stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $87.96, for a total transaction of $87,960.00. Following the transaction, the director now owns 17,241 shares in the company, valued at approximately $1,516,518.36. The trade was a 5.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 157,835 shares of company stock valued at $11,959,517 over the last three months. 3.00% of the stock is owned by insiders.

Q2 Price Performance

Q2 stock opened at $82.83 on Friday. The business’s fifty day moving average is $87.11 and its two-hundred day moving average is $90.47. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.40 and a current ratio of 1.40. The firm has a market cap of $5.03 billion, a P/E ratio of -127.43 and a beta of 1.62. Q2 Holdings, Inc. has a 52 week low of $46.50 and a 52 week high of $112.82.

Q2 (NYSE:QTWO) last issued its quarterly 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%. Equities research analysts forecast that Q2 Holdings, Inc. will post 0.67 earnings per share 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.