Quarry LP Buys 336 Shares of Q2 Holdings, Inc. (NYSE:QTWO)

Quarry LP lifted its stake in shares of Q2 Holdings, Inc. (NYSE:QTWO) by 988.2% during the third quarter, Holdings Channel.com reports. The firm owned 370 shares of the technology company’s stock after acquiring an additional 336 shares during the period. Quarry LP’s holdings in Q2 were worth $30,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the company. Conestoga Capital Advisors LLC boosted its holdings in Q2 by 1.5% in the third quarter. Conestoga Capital Advisors LLC now owns 2,308,194 shares of the technology company’s stock worth $184,125,000 after acquiring an additional 34,300 shares in the last quarter. Hood River Capital Management LLC lifted its holdings in shares of Q2 by 5.7% in the 2nd quarter. Hood River Capital Management LLC now owns 1,261,924 shares of the technology company’s stock worth $76,132,000 after purchasing an additional 67,757 shares in the last quarter. American Century Companies Inc. grew its position in Q2 by 5,990.6% in the 2nd quarter. American Century Companies Inc. now owns 1,210,143 shares of the technology company’s stock valued at $73,008,000 after purchasing an additional 1,190,274 shares during the period. Perpetual Ltd bought a new stake in Q2 during the 3rd quarter valued at $80,788,000. Finally, Dimensional Fund Advisors LP raised its holdings in Q2 by 9.4% during the second quarter. Dimensional Fund Advisors LP now owns 1,002,372 shares of the technology company’s stock worth $60,474,000 after buying an additional 86,329 shares during the last quarter.

Insider Activity

In other news, 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 transaction, the director now owns 18,241 shares in the company, valued at approximately $1,914,392.95. This represents a 2.92 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, President Kirk L. Coleman sold 10,428 shares of the firm’s stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $106.42, for a total transaction of $1,109,747.76. Following the sale, the president now directly owns 337,643 shares of the company’s stock, valued at $35,931,968.06. This trade represents a 3.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 28,836 shares of company stock worth $3,061,035. Insiders own 3.00% of the company’s stock.

Q2 Stock Down 1.0 %

Shares of Q2 stock opened at $105.92 on Friday. Q2 Holdings, Inc. has a 1 year low of $38.04 and a 1 year high of $112.82. 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 50-day moving average of $94.11 and a 200 day moving average of $76.98. The firm has a market cap of $6.40 billion, a price-to-earnings ratio of -110.33 and a beta of 1.60.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Piper Sandler lifted their price target on Q2 from $74.00 to $93.00 and gave the company a “neutral” rating in a research note on Thursday, November 7th. Stephens upped their price target on Q2 from $75.00 to $100.00 and gave the stock an “overweight” rating in a report on Thursday, November 7th. BTIG Research raised their price objective on Q2 from $75.00 to $82.00 and gave the company a “buy” rating in a research note on Monday, August 26th. Needham & Company LLC upped their target price on shares of Q2 from $90.00 to $120.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Finally, Morgan Stanley raised 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. Five equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $91.50.

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.