Hilltop National Bank Invests $177,000 in Q2 Holdings, Inc. $QTWO

Hilltop National Bank acquired a new stake in Q2 Holdings, Inc. (NYSE:QTWO) in the second quarter, Holdings Channel reports. The fund acquired 1,892 shares of the technology company’s stock, valued at approximately $177,000.

Other hedge funds also recently modified their holdings of the company. Rhumbline Advisers lifted its position in shares of Q2 by 6.9% during the 1st quarter. Rhumbline Advisers now owns 87,324 shares of the technology company’s stock valued at $6,987,000 after buying an additional 5,672 shares during the last quarter. Strs Ohio purchased a new stake in Q2 during the 1st quarter valued at about $4,329,000. SG Americas Securities LLC boosted its holdings in Q2 by 377.9% during the 1st quarter. SG Americas Securities LLC now owns 12,214 shares of the technology company’s stock valued at $977,000 after acquiring an additional 9,658 shares during the period. Intech Investment Management LLC grew its position in shares of Q2 by 67.0% in the 1st quarter. Intech Investment Management LLC now owns 34,561 shares of the technology company’s stock worth $2,765,000 after buying an additional 13,866 shares during the last quarter. Finally, Sheets Smith Wealth Management bought a new stake in shares of Q2 in the 2nd quarter worth approximately $511,000.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Zacks Research cut Q2 from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 29th. Needham & Company LLC raised their target price on Q2 from $110.00 to $115.00 and gave the company a “buy” rating in a research note on Thursday, July 31st. Weiss Ratings restated a “hold (c-)” rating on shares of Q2 in a research note on Saturday, September 27th. Stifel Nicolaus raised their price objective on Q2 from $105.00 to $110.00 and gave the company a “buy” rating in a research report on Thursday, July 31st. Finally, Wall Street Zen lowered Q2 from a “buy” rating to a “hold” rating in a report on Friday, September 26th. Nine research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to data from MarketBeat, Q2 currently has an average rating of “Hold” and an average price target of $101.94.

Q2 Stock Up 1.4%

Q2 stock opened at $67.65 on Friday. The business has a fifty day moving average of $77.93 and a two-hundred day moving average of $82.72. The firm has a market cap of $4.22 billion, a P/E ratio of 1,353.31 and a beta of 1.47. Q2 Holdings, Inc. has a twelve month low of $63.61 and a twelve month high of $112.82.

Insider Buying and Selling

In other news, Director James Offerdahl sold 786 shares of the firm’s stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $74.15, for a total transaction of $58,281.90. Following the sale, the director directly owned 17,792 shares in the company, valued at $1,319,276.80. This trade represents a 4.23% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, General Counsel Michael S. Kerr sold 967 shares of the firm’s stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $82.60, for a total transaction of $79,874.20. Following the completion of the transaction, the general counsel directly owned 56,228 shares in the company, valued at $4,644,432.80. This represents a 1.69% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 8,499 shares of company stock worth $650,658 in the last 90 days. Insiders own 0.31% 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.