Nordea Investment Management AB Has $11.21 Million Position in Q2 Holdings, Inc. (NYSE:QTWO)

Nordea Investment Management AB lifted its holdings in Q2 Holdings, Inc. (NYSE:QTWO) by 61.8% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 111,110 shares of the technology company’s stock after acquiring an additional 42,433 shares during the quarter. Nordea Investment Management AB’s holdings in Q2 were worth $11,208,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Conestoga Capital Advisors LLC boosted its position in Q2 by 1.5% during the 3rd 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 during the period. State Street Corp lifted its position in shares of Q2 by 0.3% in the third quarter. State Street Corp now owns 1,668,767 shares of the technology company’s stock worth $133,118,000 after purchasing an additional 5,000 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Q2 by 1.5% during the third quarter. Geode Capital Management LLC now owns 1,353,156 shares of the technology company’s stock worth $107,963,000 after purchasing an additional 19,520 shares during the period. Hood River Capital Management LLC grew its position in Q2 by 5.7% during 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 purchasing an additional 67,757 shares in the last quarter. Finally, American Century Companies Inc. increased its stake 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 buying an additional 1,190,274 shares during the period.

Q2 Stock Up 1.5 %

Q2 stock opened at $99.97 on Thursday. The firm has a market cap of $6.04 billion, a price-to-earnings ratio of -104.13 and a beta of 1.61. The firm has a fifty day moving average price of $101.62 and a two-hundred day moving average price of $82.67. Q2 Holdings, Inc. has a fifty-two week low of $40.60 and a fifty-two week 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.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on QTWO shares. Royal Bank of Canada lifted their target price on shares of Q2 from $76.00 to $105.00 and gave the company a “sector perform” rating in a research note on Thursday, November 7th. Compass Point boosted their target price on Q2 from $91.00 to $107.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Stephens lifted their price target on Q2 from $75.00 to $100.00 and gave the company an “overweight” rating in a report on Thursday, November 7th. Truist Financial reissued a “buy” rating and issued a $100.00 price target (up previously from $78.00) on shares of Q2 in a research note on Thursday, November 7th. Finally, The Goldman Sachs Group raised their price objective on shares of Q2 from $86.00 to $103.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Five investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $95.80.

Insider Transactions at Q2

In other news, CRO Michael A. Volanoski sold 5,123 shares of the business’s stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $106.12, for a total transaction of $543,652.76. Following the transaction, the executive now owns 218,371 shares in the company, valued at approximately $23,173,530.52. The trade was a 2.29 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, President Kirk L. Coleman sold 8,559 shares of the stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $106.00, for a total transaction of $907,254.00. Following the completion of the sale, the president now owns 340,903 shares of the company’s stock, valued at approximately $36,135,718. The trade was a 2.45 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 28,836 shares of company stock worth $3,061,035. Company insiders own 3.00% of the company’s stock.

Q2 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.