Q2 Holdings, Inc. $QTWO Shares Acquired by Cookson Peirce & Co. Inc.

Cookson Peirce & Co. Inc. lifted its position in shares of Q2 Holdings, Inc. (NYSE:QTWO) by 1.4% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 118,489 shares of the technology company’s stock after buying an additional 1,675 shares during the quarter. Cookson Peirce & Co. Inc.’s holdings in Q2 were worth $11,089,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of QTWO. Oppenheimer Asset Management Inc. grew its holdings in shares of Q2 by 2.4% during the first quarter. Oppenheimer Asset Management Inc. now owns 23,813 shares of the technology company’s stock worth $1,905,000 after buying an additional 562 shares in the last quarter. Asset Management One Co. Ltd. grew its holdings in shares of Q2 by 31.0% during the first quarter. Asset Management One Co. Ltd. now owns 2,445 shares of the technology company’s stock worth $196,000 after buying an additional 578 shares in the last quarter. Bessemer Group Inc. grew its holdings in shares of Q2 by 4.1% during the first quarter. Bessemer Group Inc. now owns 328,625 shares of the technology company’s stock worth $26,294,000 after buying an additional 12,879 shares in the last quarter. Robeco Institutional Asset Management B.V. grew its holdings in shares of Q2 by 7.7% during the first quarter. Robeco Institutional Asset Management B.V. now owns 140,251 shares of the technology company’s stock worth $11,221,000 after buying an additional 10,000 shares in the last quarter. Finally, Perpetual Ltd grew its holdings in shares of Q2 by 4.7% during the first quarter. Perpetual Ltd now owns 787,636 shares of the technology company’s stock worth $63,019,000 after buying an additional 35,660 shares in the last quarter.

Wall Street Analyst Weigh In

QTWO has been the subject of a number of recent research reports. Wall Street Zen downgraded shares of Q2 from a “buy” rating to a “hold” rating in a report on Friday, September 26th. Needham & Company LLC raised their target price on shares of Q2 from $110.00 to $115.00 and gave the stock a “buy” rating in a research report on Thursday, July 31st. Weiss Ratings reissued a “hold (c-)” rating on shares of Q2 in a research report on Wednesday, October 8th. Stifel Nicolaus decreased their target price on shares of Q2 from $110.00 to $90.00 and set a “buy” rating on the stock in a research report on Wednesday, October 15th. Finally, Royal Bank Of Canada raised their target price on shares of Q2 from $101.00 to $102.00 and gave the stock a “sector perform” rating in a research report on Thursday, July 31st. Nine research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $100.69.

Q2 Trading Up 3.3%

NYSE QTWO opened at $62.67 on Wednesday. The company’s fifty day simple moving average is $73.73 and its 200-day simple moving average is $81.24. Q2 Holdings, Inc. has a 52 week low of $58.57 and a 52 week high of $112.82. The stock has a market cap of $3.91 billion, a P/E ratio of 1,253.73 and a beta of 1.47.

Insider Activity at Q2

In other Q2 news, Director James Offerdahl sold 786 shares of the business’s stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $74.15, for a total transaction of $58,281.90. Following the completion of the sale, the director owned 17,792 shares in the company, valued at $1,319,276.80. The trade was a 4.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider John E. Breeden sold 6,105 shares of the business’s stock in a transaction on Monday, August 18th. The shares were sold at an average price of $75.27, for a total transaction of $459,523.35. Following the sale, the insider owned 149,643 shares of the company’s stock, valued at approximately $11,263,628.61. The trade was a 3.92% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 8,499 shares of company stock valued at $650,658 over the last ninety days. Corporate 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.