Legal & General Group Plc Increases Holdings in Q2 Holdings, Inc. (QTWO)

Legal & General Group Plc boosted its holdings in shares of Q2 Holdings, Inc. (NYSE:QTWO) by 19.7% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 7,256 shares of the technology company’s stock after acquiring an additional 1,195 shares during the quarter. Legal & General Group Plc’s holdings in Q2 Holdings were worth $269,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. UBS Asset Management Americas Inc. acquired a new stake in Q2 Holdings during the 1st quarter worth about $431,000. Renaissance Technologies LLC acquired a new stake in Q2 Holdings during the 1st quarter worth about $2,649,000. First Trust Advisors LP boosted its position in Q2 Holdings by 213.2% during the 2nd quarter. First Trust Advisors LP now owns 52,950 shares of the technology company’s stock worth $1,957,000 after acquiring an additional 36,046 shares during the period. Vanguard Group Inc. boosted its position in Q2 Holdings by 7.7% during the 1st quarter. Vanguard Group Inc. now owns 1,232,160 shares of the technology company’s stock worth $42,941,000 after acquiring an additional 87,771 shares during the period. Finally, OppenheimerFunds Inc. acquired a new stake in Q2 Holdings during the 1st quarter worth about $21,406,000. Hedge funds and other institutional investors own 92.74% of the company’s stock.

In other news, SVP Barry G. Benton sold 4,083 shares of the company’s stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $37.49, for a total transaction of $153,071.67. Following the completion of the transaction, the senior vice president now directly owns 24,820 shares of the company’s stock, valued at $930,501.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director James Offerdahl sold 1,000 shares of the company’s stock in a transaction dated Monday, July 17th. The stock was sold at an average price of $38.29, for a total value of $38,290.00. Following the transaction, the director now directly owns 4,043 shares of the company’s stock, valued at $154,806.47. The disclosure for this sale can be found here. Insiders have sold 252,908 shares of company stock valued at $10,165,317 over the last ninety days. 24.50% of the stock is owned by insiders.

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Shares of Q2 Holdings, Inc. (QTWO) opened at 41.80 on Wednesday. The stock’s market capitalization is $1.73 billion. Q2 Holdings, Inc. has a 1-year low of $25.23 and a 1-year high of $42.90. The stock’s 50 day moving average price is $40.71 and its 200-day moving average price is $38.57.

A number of equities research analysts have commented on QTWO shares. SunTrust Banks, Inc. started coverage on Q2 Holdings in a research report on Monday, June 26th. They set a “buy” rating and a $45.00 price objective for the company. Canaccord Genuity restated a “buy” rating and set a $43.00 price objective on shares of Q2 Holdings in a research report on Tuesday, August 1st. Zacks Investment Research upgraded Q2 Holdings from a “hold” rating to a “buy” rating and set a $42.00 price objective for the company in a research report on Wednesday, August 9th. KeyCorp restated a “hold” rating on shares of Q2 Holdings in a research report on Wednesday, September 13th. Finally, BidaskClub upgraded Q2 Holdings from a “hold” rating to a “buy” rating in a research report on Tuesday, October 3rd. Four research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $42.13.

About Q2 Holdings

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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Institutional Ownership by Quarter for Q2 Holdings (NYSE:QTWO)

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