3,056 Shares in Q2 Holdings, Inc. (NYSE:QTWO) Acquired by Harvest Fund Management Co. Ltd

Harvest Fund Management Co. Ltd purchased a new stake in Q2 Holdings, Inc. (NYSE:QTWO) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 3,056 shares of the technology company’s stock, valued at approximately $244,000.

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

Analyst Ratings Changes

A number of equities research analysts recently commented on QTWO shares. Citigroup lowered Q2 from a “buy” rating to a “neutral” rating and increased their price target for the stock from $72.00 to $90.00 in a research report on Friday, October 18th. Stephens increased their target price on Q2 from $75.00 to $100.00 and gave the stock an “overweight” rating in a report on Thursday, November 7th. BTIG Research lifted their price target on Q2 from $75.00 to $82.00 and gave the company a “buy” rating in a report on Monday, August 26th. Truist Financial reiterated a “buy” rating and set a $100.00 price target (up previously from $78.00) on shares of Q2 in a research report on Thursday, November 7th. Finally, Morgan Stanley raised 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. Five equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $91.50.

Insiders Place Their Bets

In related news, CRO Michael A. Volanoski sold 1,428 shares of the stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $71.93, for a total value of $102,716.04. Following the sale, the executive now directly owns 227,672 shares in the company, valued at $16,376,446.96. This trade represents a 0.62 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director James Offerdahl sold 548 shares of the business’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 transaction of $57,512.60. Following the transaction, the director now owns 18,241 shares of the company’s stock, valued at approximately $1,914,392.95. This represents a 2.92 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 2,493 shares of company stock valued at $196,863. Company insiders own 3.00% of the company’s stock.

Q2 Stock Down 0.3 %

Shares of NYSE:QTWO opened at $106.99 on Wednesday. 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 stock has a market cap of $6.46 billion, a price-to-earnings ratio of -111.45 and a beta of 1.58. The company has a 50 day moving average of $87.32 and a 200-day moving average of $73.41. Q2 Holdings, Inc. has a one year low of $34.59 and a one year high of $108.00.

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.