Chase Investment Counsel Corp Buys 1,951 Shares of Q2 Holdings, Inc. (NYSE:QTWO)

Chase Investment Counsel Corp raised its stake in Q2 Holdings, Inc. (NYSE:QTWO) by 4.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 48,365 shares of the technology company’s stock after buying an additional 1,951 shares during the period. Chase Investment Counsel Corp owned about 0.08% of Q2 worth $3,858,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. CWM LLC lifted its holdings in shares of Q2 by 54.2% in the 2nd quarter. CWM LLC now owns 481 shares of the technology company’s stock worth $29,000 after acquiring an additional 169 shares during the last quarter. Natixis Advisors LLC increased its holdings in shares of Q2 by 1.4% in the second quarter. Natixis Advisors LLC now owns 16,691 shares of the technology company’s stock worth $1,007,000 after buying an additional 237 shares during the period. Panagora Asset Management Inc. lifted its stake in shares of Q2 by 3.1% in the 2nd quarter. Panagora Asset Management Inc. now owns 13,659 shares of the technology company’s stock valued at $824,000 after acquiring an additional 407 shares during the last quarter. Arizona State Retirement System boosted its holdings in Q2 by 2.6% during the 2nd quarter. Arizona State Retirement System now owns 16,537 shares of the technology company’s stock valued at $998,000 after acquiring an additional 423 shares during the period. Finally, RiverPark Advisors LLC grew its position in Q2 by 9.6% during the 2nd quarter. RiverPark Advisors LLC now owns 6,737 shares of the technology company’s stock worth $406,000 after acquiring an additional 591 shares during the last quarter.

Q2 Trading Down 0.1 %

NYSE:QTWO opened at $101.92 on Wednesday. The company has a 50 day simple moving average of $80.93 and a two-hundred day simple moving average of $70.01. The company has a market cap of $6.16 billion, a PE ratio of -106.17 and a beta of 1.58. The company has a current ratio of 2.50, a quick ratio of 2.50 and a debt-to-equity ratio of 0.99. Q2 Holdings, Inc. has a 12 month low of $33.17 and a 12 month high of $105.00.

Insider Activity at Q2

In related news, Director Jeffrey T. Diehl sold 28,005 shares of the firm’s stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $75.25, for a total value of $2,107,376.25. Following the transaction, the director now owns 397,702 shares of the company’s stock, valued at approximately $29,927,075.50. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other news, Director James Offerdahl sold 1,013 shares of Q2 stock in a transaction dated Wednesday, August 28th. The stock was sold at an average price of $73.97, for a total transaction of $74,931.61. Following the transaction, the director now directly owns 18,789 shares of the company’s stock, valued at $1,389,822.33. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Jeffrey T. Diehl sold 28,005 shares of the firm’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $75.25, for a total transaction of $2,107,376.25. Following the sale, the director now owns 397,702 shares in the company, valued at approximately $29,927,075.50. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 41,963 shares of company stock worth $3,109,699. 3.00% of the stock is owned by insiders.

Analyst Ratings Changes

A number of analysts have recently weighed in on QTWO shares. Needham & Company LLC increased their price objective on Q2 from $90.00 to $120.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Piper Sandler increased their price target on shares of Q2 from $74.00 to $93.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. Morgan Stanley boosted their price objective 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. Royal Bank of Canada increased their target price on shares of Q2 from $76.00 to $105.00 and gave the stock a “sector perform” rating in a report on Thursday, November 7th. Finally, DA Davidson upped their price target on Q2 from $76.00 to $86.00 and gave the company a “neutral” rating in a research report on Monday. Five research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $91.50.

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.