Lisanti Capital Growth LLC grew its holdings in shares of Q2 Holdings Inc (NYSE:QTWO) by 2.5% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 52,583 shares of the technology company’s stock after acquiring an additional 1,300 shares during the quarter. Lisanti Capital Growth LLC’s holdings in Q2 were worth $1,938,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also bought and sold shares of the company. Artisan Partners Limited Partnership increased its stake in shares of Q2 by 4.9% during the third quarter. Artisan Partners Limited Partnership now owns 1,648,424 shares of the technology company’s stock valued at $68,657,000 after buying an additional 77,433 shares during the period. Cubist Systematic Strategies LLC purchased a new position in shares of Q2 during the second quarter valued at approximately $515,000. Teachers Advisors LLC increased its stake in shares of Q2 by 21.5% during the second quarter. Teachers Advisors LLC now owns 56,318 shares of the technology company’s stock valued at $2,081,000 after buying an additional 9,966 shares during the period. Parametric Portfolio Associates LLC increased its stake in shares of Q2 by 29.2% during the second quarter. Parametric Portfolio Associates LLC now owns 136,076 shares of the technology company’s stock valued at $5,028,000 after buying an additional 30,729 shares during the period. Finally, Ameriprise Financial Inc. increased its stake in shares of Q2 by 3.0% during the third quarter. Ameriprise Financial Inc. now owns 264,591 shares of the technology company’s stock valued at $11,020,000 after buying an additional 7,676 shares during the period. 91.54% of the stock is currently owned by hedge funds and other institutional investors.
In other Q2 news, Director Carl James Schaper sold 20,000 shares of the business’s stock in a transaction on Friday, December 29th. The stock was sold at an average price of $36.86, for a total value of $737,200.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Barry G. Benton sold 1,425 shares of the business’s stock in a transaction on Wednesday, January 31st. The stock was sold at an average price of $42.00, for a total value of $59,850.00. Following the completion of the sale, the senior vice president now directly owns 21,356 shares in the company, valued at $896,952. The disclosure for this sale can be found here. Insiders sold 941,511 shares of company stock worth $38,818,440 over the last three months. Corporate insiders own 24.50% of the company’s stock.
Several equities research analysts recently weighed in on the company. Wells Fargo & Co assumed coverage on Q2 in a research report on Thursday. They set an “outperform” rating and a $50.00 price target on the stock. Needham & Company LLC restated a “buy” rating and set a $48.00 price target on shares of Q2 in a research report on Friday, November 3rd. BidaskClub lowered Q2 from a “buy” rating to a “hold” rating in a research report on Monday, October 23rd. Loop Capital lifted their price target on Q2 from $42.00 to $49.00 and gave the company a “positive” rating in a research report on Friday, November 3rd. Finally, SunTrust Banks restated a “buy” rating on shares of Q2 in a research report on Friday, November 3rd. Seven investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $45.75.
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Q2 Holdings, Inc is a provider of cloud-based digital banking solutions. The Company enables regional and community financial institutions (RCFIs), to deliver a suite of integrated digital banking services. The Company’s solutions all operate on a common platform that supports the delivery of unified digital banking services across online, mobile and voice channels.
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