Heck Capital Advisors LLC Takes Position in Q2 Holdings, Inc. (NYSE:QTWO)

Heck Capital Advisors LLC acquired a new position in Q2 Holdings, Inc. (NYSE:QTWO) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 1,900 shares of the technology company’s stock, valued at approximately $191,000.

A number of other hedge funds also recently bought and sold shares of QTWO. Quarry LP grew its stake in shares of Q2 by 988.2% during the 3rd quarter. Quarry LP now owns 370 shares of the technology company’s stock valued at $30,000 after purchasing an additional 336 shares during the period. CWM LLC grew its position in Q2 by 199.8% during the third quarter. CWM LLC now owns 1,442 shares of the technology company’s stock valued at $115,000 after buying an additional 961 shares during the period. International Assets Investment Management LLC increased its holdings in Q2 by 7,878.3% during the third 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 during the last quarter. Asset Management One Co. Ltd. raised its position in Q2 by 108.1% in the third quarter. Asset Management One Co. Ltd. now owns 1,856 shares of the technology company’s stock worth $148,000 after acquiring an additional 964 shares during the period. Finally, Diversified Trust Co purchased a new position in shares of Q2 during the 4th quarter worth $203,000.

Analyst Ratings Changes

QTWO has been the topic of a number of recent research reports. Truist Financial reaffirmed a “buy” rating and issued a $100.00 target price (up from $78.00) on shares of Q2 in a report on Thursday, November 7th. Piper Sandler lifted their price objective on Q2 from $74.00 to $93.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. The Goldman Sachs Group increased their target price on shares of Q2 from $86.00 to $103.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Needham & Company LLC lifted their price target on shares of Q2 from $90.00 to $120.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Finally, Baird R W cut shares of Q2 from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 10th. Seven analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $98.07.

Q2 Stock Performance

NYSE:QTWO opened at $94.96 on Friday. The company has a debt-to-equity ratio of 0.99, a current ratio of 2.50 and a quick ratio of 2.50. The company has a market cap of $5.74 billion, a price-to-earnings ratio of -98.91 and a beta of 1.61. Q2 Holdings, Inc. has a 1 year low of $40.60 and a 1 year high of $112.82. The stock’s 50 day simple moving average is $101.06 and its two-hundred day simple moving average is $86.62.

Insider Buying and Selling

In other Q2 news, CRO Michael A. Volanoski sold 4,178 shares of the business’s stock in a transaction that occurred on 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 directly owns 223,494 shares of the company’s stock, valued at $23,690,364. The trade was a 1.84 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director James Offerdahl sold 548 shares of the company’s stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $104.95, for a total value of $57,512.60. Following the sale, the director now owns 18,241 shares in the company, valued at approximately $1,914,392.95. This trade represents a 2.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 28,836 shares of company stock worth $3,061,035. Insiders own 3.00% of the company’s stock.

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.