Q2 Holdings, Inc. $QTWO Stock Position Lowered by Motley Fool Asset Management LLC

Motley Fool Asset Management LLC lessened its position in Q2 Holdings, Inc. (NYSE:QTWO) by 30.4% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 25,032 shares of the technology company’s stock after selling 10,958 shares during the period. Motley Fool Asset Management LLC’s holdings in Q2 were worth $2,343,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Invesco Ltd. raised its stake in shares of Q2 by 2.3% in the 1st quarter. Invesco Ltd. now owns 2,675,224 shares of the technology company’s stock worth $214,045,000 after buying an additional 60,958 shares in the last quarter. Massachusetts Financial Services Co. MA raised its position in shares of Q2 by 28.1% during the first quarter. Massachusetts Financial Services Co. MA now owns 1,724,135 shares of the technology company’s stock worth $137,948,000 after purchasing an additional 378,394 shares during the period. Jennison Associates LLC raised its position in shares of Q2 by 3.3% during the first quarter. Jennison Associates LLC now owns 1,301,772 shares of the technology company’s stock worth $104,155,000 after purchasing an additional 41,412 shares during the period. Federated Hermes Inc. raised its position in shares of Q2 by 5.4% during the first quarter. Federated Hermes Inc. now owns 746,938 shares of the technology company’s stock worth $59,763,000 after purchasing an additional 38,315 shares during the period. Finally, Nuveen LLC acquired a new stake in shares of Q2 during the first quarter worth $51,960,000.

Q2 Trading Down 0.6%

NYSE:QTWO opened at $61.91 on Wednesday. The firm has a market capitalization of $3.87 billion, a price-to-earnings ratio of 1,238.45 and a beta of 1.47. Q2 Holdings, Inc. has a 1-year low of $58.57 and a 1-year high of $112.82. The business’s fifty day moving average price is $72.37 and its 200 day moving average price is $80.94.

Insiders Place Their Bets

In other Q2 news, General Counsel Michael S. Kerr sold 967 shares of the company’s stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $82.60, for a total value of $79,874.20. Following the transaction, the general counsel directly owned 56,228 shares of the company’s stock, valued at $4,644,432.80. This represents a 1.69% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider John E. Breeden sold 6,105 shares of the company’s stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $75.27, for a total value of $459,523.35. Following the completion of the transaction, the insider directly owned 149,643 shares in the company, valued at approximately $11,263,628.61. The trade was a 3.92% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 8,499 shares of company stock valued at $650,658 in the last three months. Insiders own 3.00% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on QTWO shares. JPMorgan Chase & Co. cut their target price on Q2 from $115.00 to $110.00 and set an “overweight” rating on the stock in a research report on Wednesday, September 24th. Needham & Company LLC boosted their target price on Q2 from $110.00 to $115.00 and gave the stock a “buy” rating in a research report on Thursday, July 31st. Stifel Nicolaus cut their target price on Q2 from $110.00 to $90.00 and set a “buy” rating on the stock in a research report on Wednesday, October 15th. Wall Street Zen lowered Q2 from a “buy” rating to a “hold” rating in a research report on Friday, September 26th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Q2 in a research report on Wednesday, October 8th. Nine investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $100.69.

Q2 Company 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.