Entropy Technologies LP Takes Position in Q2 Holdings, Inc. (NYSE:QTWO)

Entropy Technologies LP bought a new position in shares of Q2 Holdings, Inc. (NYSE:QTWO) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 8,661 shares of the technology company’s stock, valued at approximately $872,000.

Other hedge funds have also recently modified their holdings of the company. CWM LLC boosted its position in Q2 by 199.8% during the third quarter. CWM LLC now owns 1,442 shares of the technology company’s stock worth $115,000 after acquiring an additional 961 shares during the last quarter. Creative Planning boosted its holdings in shares of Q2 by 62.5% during the 3rd quarter. Creative Planning now owns 19,834 shares of the technology company’s stock worth $1,582,000 after purchasing an additional 7,631 shares during the last quarter. nVerses Capital LLC grew its position in shares of Q2 by 26.7% in the third quarter. nVerses Capital LLC now owns 3,800 shares of the technology company’s stock valued at $303,000 after purchasing an additional 800 shares in the last quarter. Raymond James & Associates increased its holdings in shares of Q2 by 17.9% in the third quarter. Raymond James & Associates now owns 128,654 shares of the technology company’s stock valued at $10,263,000 after purchasing an additional 19,495 shares during the last quarter. Finally, International Assets Investment Management LLC lifted its position 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 worth $146,000 after buying an additional 1,812 shares in the last quarter.

Analysts Set New Price Targets

QTWO has been the topic of several recent research reports. Robert W. Baird reissued a “neutral” rating and set a $99.00 price target (up previously from $89.00) on shares of Q2 in a research report on Friday, January 10th. Needham & Company LLC increased their price target on shares of Q2 from $90.00 to $120.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Piper Sandler lifted their price target on shares of Q2 from $74.00 to $93.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. DA Davidson upped their price objective on Q2 from $76.00 to $86.00 and gave the company a “neutral” rating in a report on Monday, November 11th. Finally, Compass Point lifted their target price on Q2 from $91.00 to $107.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Seven research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $98.07.

Q2 Stock Performance

NYSE:QTWO opened at $94.21 on Tuesday. Q2 Holdings, Inc. has a 1-year low of $41.23 and a 1-year high of $112.82. The stock has a market cap of $5.69 billion, a P/E ratio of -98.13 and a beta of 1.61. 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 firm has a 50-day moving average of $99.95 and a two-hundred day moving average of $87.70.

Insiders Place Their Bets

In related news, Director James Offerdahl sold 548 shares of the company’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $104.95, for a total transaction of $57,512.60. Following the completion of the transaction, the director now directly owns 18,241 shares in the company, valued at $1,914,392.95. This represents a 2.92 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CRO Michael A. Volanoski sold 4,178 shares of the stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $106.00, for a total transaction of $442,868.00. Following the completion of the sale, the executive now directly owns 223,494 shares in the company, valued at approximately $23,690,364. This trade represents a 1.84 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 28,836 shares of company stock valued at $3,061,035 in the last ninety days. 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.