Curi RMB Capital LLC Acquires 47,261 Shares of Q2 Holdings, Inc. (NYSE:QTWO)

Curi RMB Capital LLC boosted its stake in shares of Q2 Holdings, Inc. (NYSE:QTWO) by 150.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 78,656 shares of the technology company’s stock after buying an additional 47,261 shares during the period. Curi RMB Capital LLC owned 0.13% of Q2 worth $7,917,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Proficio Capital Partners LLC acquired a new position in shares of Q2 during the fourth quarter worth $29,000. SBI Securities Co. Ltd. purchased a new position in shares of Q2 in the fourth quarter worth about $30,000. TCTC Holdings LLC acquired a new stake in shares of Q2 during the fourth quarter worth about $30,000. Ameliora Wealth Management Ltd. purchased a new stake in Q2 in the fourth quarter valued at approximately $32,000. Finally, NewEdge Advisors LLC boosted its position in Q2 by 269.6% in the fourth quarter. NewEdge Advisors LLC now owns 377 shares of the technology company’s stock valued at $38,000 after buying an additional 275 shares during the last quarter.

Analysts Set New Price Targets

Several analysts have commented on the stock. Truist Financial restated a “buy” rating and set a $110.00 price objective (up from $100.00) on shares of Q2 in a research note on Thursday, February 13th. The Goldman Sachs Group lowered their price target on shares of Q2 from $119.00 to $106.00 and set a “buy” rating on the stock in a report on Friday, March 28th. Baird R W lowered Q2 from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 10th. Royal Bank of Canada upped their target price on Q2 from $105.00 to $108.00 and gave the stock a “sector perform” rating in a research note on Thursday, February 13th. Finally, Citigroup lifted their price target on Q2 from $96.00 to $100.00 and gave the company a “neutral” rating in a research report on Thursday, February 13th. Eight research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $102.33.

Q2 Stock Up 0.1 %

QTWO opened at $74.97 on Friday. Q2 Holdings, Inc. has a twelve month low of $50.04 and a twelve month high of $112.82. The company has a market cap of $4.55 billion, a PE ratio of -115.34 and a beta of 1.61. The company has a 50-day moving average price of $80.11 and a 200 day moving average price of $90.29. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.58.

Q2 (NYSE:QTWO) last released its quarterly earnings results on Wednesday, February 12th. The technology company reported $0.18 EPS for the quarter, missing the consensus estimate of $0.48 by ($0.30). Q2 had a negative net margin of 5.53% and a positive return on equity of 0.85%. Sell-side analysts expect that Q2 Holdings, Inc. will post 0.67 earnings per share for the current fiscal year.

Insider Activity

In other Q2 news, Director James Offerdahl sold 1,000 shares of the 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 sale, the director now owns 17,241 shares in the company, valued at approximately $1,516,518.36. This represents a 5.48 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Kimberly Anne Rutledge sold 6,656 shares of Q2 stock in a transaction dated Wednesday, March 12th. The stock was sold at an average price of $74.12, for a total transaction of $493,342.72. Following the sale, the insider now owns 113,278 shares of the company’s stock, valued at approximately $8,396,165.36. This trade represents a 5.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 193,858 shares of company stock valued at $14,853,965 over the last quarter. Corporate insiders own 3.00% of the company’s stock.

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.