Cibc World Markets Corp Acquires New Holdings in Q2 Holdings, Inc. (NYSE:QTWO)

Cibc World Markets Corp acquired a new stake in shares of Q2 Holdings, Inc. (NYSE:QTWO) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 5,506 shares of the technology company’s stock, valued at approximately $554,000.

A number of other institutional investors also recently added to or reduced their stakes in QTWO. Proficio Capital Partners LLC acquired a new stake in Q2 in the fourth quarter worth about $29,000. Quarry LP boosted its holdings in Q2 by 988.2% in the third quarter. Quarry LP now owns 370 shares of the technology company’s stock worth $30,000 after acquiring an additional 336 shares in the last quarter. SBI Securities Co. Ltd. acquired a new stake in Q2 in the fourth quarter worth about $30,000. Ameliora Wealth Management Ltd. acquired a new stake in Q2 in the fourth quarter worth about $32,000. Finally, Arcadia Investment Management Corp MI acquired a new stake in Q2 in the fourth quarter worth about $179,000.

Insider Transactions at Q2

In other Q2 news, Director James Offerdahl sold 1,000 shares of the business’s stock in a transaction on Monday, February 24th. The stock was 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 of the company’s stock, valued at approximately $1,516,518.36. The trade was a 5.48 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CRO Michael A. Volanoski sold 15,005 shares of the business’s stock in a transaction on 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 directly owns 197,966 shares in the company, valued at $14,673,239.92. This trade represents a 7.05 % decrease in their position. 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 ninety days. Insiders own 3.00% of the company’s stock.

Q2 Stock Up 0.6 %

Q2 stock opened at $79.10 on Friday. The stock has a market capitalization of $4.80 billion, a PE ratio of -121.69 and a beta of 1.62. Q2 Holdings, Inc. has a 12 month low of $46.50 and a 12 month high of $112.82. The business has a 50 day simple moving average of $87.85 and a 200-day simple moving average of $90.30. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.40 and a quick ratio of 1.40.

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 analysts’ consensus estimates of $0.48 by ($0.30). Q2 had a positive return on equity of 0.85% and a negative net margin of 5.53%. On average, analysts anticipate that Q2 Holdings, Inc. will post 0.67 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have weighed in on QTWO shares. Truist Financial reissued a “buy” rating and issued a $110.00 price target (up previously from $100.00) on shares of Q2 in a report on Thursday, February 13th. Citigroup raised their price objective on Q2 from $96.00 to $100.00 and gave the stock a “neutral” rating in a research note on Thursday, February 13th. Baird R W cut Q2 from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 10th. Robert W. Baird restated a “neutral” rating and issued a $99.00 price objective (up from $89.00) on shares of Q2 in a research note on Friday, January 10th. Finally, Raymond James raised their price objective on Q2 from $100.00 to $110.00 and gave the stock an “outperform” rating in a research note on Thursday, February 13th. Seven investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $105.27.

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.