Cubist Systematic Strategies LLC Takes Position in Q2 Holdings, Inc. (NYSE:QTWO)

Cubist Systematic Strategies LLC acquired a new position in shares of Q2 Holdings, Inc. (NYSE:QTWO) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 42,308 shares of the technology company’s stock, valued at approximately $4,258,000.

Several other large investors have also bought and sold shares of the business. Janney Montgomery Scott LLC acquired a new stake in shares of Q2 in the 4th quarter valued at approximately $288,000. Charles Schwab Investment Management Inc. boosted its position in Q2 by 2.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 507,065 shares of the technology company’s stock valued at $51,036,000 after buying an additional 10,636 shares in the last quarter. Dakota Wealth Management increased its holdings in shares of Q2 by 189.8% during the fourth quarter. Dakota Wealth Management now owns 16,030 shares of the technology company’s stock worth $1,613,000 after buying an additional 10,498 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of Q2 in the 4th quarter valued at $18,271,000. Finally, Inspire Investing LLC boosted its holdings in shares of Q2 by 103.7% during the 4th quarter. Inspire Investing LLC now owns 13,032 shares of the technology company’s stock valued at $1,312,000 after acquiring an additional 6,633 shares in the last quarter.

Insider Activity

In other Q2 news, Director James Offerdahl sold 1,000 shares of Q2 stock in a transaction on Monday, February 24th. The shares were sold at an average price of $87.96, for a total transaction of $87,960.00. Following the transaction, the director now directly owns 17,241 shares of the company’s stock, valued at $1,516,518.36. The trade was a 5.48 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Matthew P. Flake sold 56,799 shares of the company’s stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $78.28, for a total transaction of $4,446,225.72. Following the completion of the sale, the chief executive officer now owns 453,849 shares of the company’s stock, valued at approximately $35,527,299.72. The trade was a 11.12 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 193,858 shares of company stock worth $14,853,965 over the last quarter. 3.00% of the stock is currently owned by corporate insiders.

Q2 Stock Down 1.3 %

Shares of NYSE QTWO opened at $89.58 on Friday. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.58. The firm has a market cap of $5.58 billion, a PE ratio of -137.81 and a beta of 1.47. The company’s fifty day simple moving average is $77.63 and its 200 day simple moving average is $90.14. Q2 Holdings, Inc. has a 12-month low of $55.97 and a 12-month high of $112.82.

Q2 (NYSE:QTWO) last issued its 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%. As a group, sell-side analysts forecast that Q2 Holdings, Inc. will post 0.67 earnings per share for the current fiscal year.

Analyst Ratings Changes

QTWO has been the subject of a number of recent research reports. Citigroup upped their target price on Q2 from $96.00 to $100.00 and gave the stock a “neutral” rating in a report on Thursday, February 13th. Morgan Stanley raised their price objective on shares of Q2 from $89.00 to $93.00 and gave the company an “equal weight” rating in a report on Thursday. Needham & Company LLC decreased their price target on shares of Q2 from $125.00 to $110.00 and set a “buy” rating for the company in a research report on Thursday. The Goldman Sachs Group cut 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. Finally, Robert W. Baird increased their price objective on Q2 from $84.00 to $90.00 and gave the company a “neutral” rating in a report on Thursday. Eight research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $98.80.

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.