Aberdeen Group plc Sells 8,520 Shares of Q2 Holdings, Inc. $QTWO

Key Points

• Aberdeen Group plc sold 8,520 shares of Q2 Holdings, Inc. (NYSE:QTWO), reducing their stake by 2.5% and leaving them with approximately 0.54% ownership valued at $31.6 million.
• Several investors, including Larson Financial Group LLC and SVB Wealth LLC, have made significant adjustments to their positions in Q2, with changes ranging from acquisitions to substantial increases in stakes.
• Q2's stock has been subject to mixed analyst ratings, with some firms raising price targets while others have downgraded their recommendations, resulting in a consensus rating of "Hold."

Aberdeen Group plc trimmed its holdings in Q2 Holdings, Inc. (NYSE:QTWO - Free Report) by 2.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 337,398 shares of the technology company's stock after selling 8,520 shares during the quarter. Aberdeen Group plc owned about 0.54% of Q2 worth $31,577,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. WPG Advisers LLC acquired a new position in Q2 in the first quarter valued at approximately $35,000. Larson Financial Group LLC increased its stake in shares of Q2 by 2,630.0% in the 1st quarter. Larson Financial Group LLC now owns 546 shares of the technology company's stock valued at $44,000 after acquiring an additional 526 shares in the last quarter. TCTC Holdings LLC lifted its position in shares of Q2 by 103.1% during the 1st quarter. TCTC Holdings LLC now owns 597 shares of the technology company's stock valued at $48,000 after acquiring an additional 303 shares during the period. SVB Wealth LLC bought a new position in Q2 during the first quarter worth $58,000. Finally, Summit Securities Group LLC acquired a new stake in Q2 in the first quarter worth $64,000.

Insider Transactions at Q2

In other Q2 news, Director James Offerdahl sold 786 shares of the company's stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $74.15, for a total value of $58,281.90. Following the completion of the transaction, the director owned 17,792 shares in the company, valued at $1,319,276.80. This represents a 4.23% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider John E. Breeden sold 6,105 shares of the firm's stock in a transaction on Monday, August 18th. The shares were sold at an average price of $75.27, for a total value of $459,523.35. Following the sale, the insider directly owned 149,643 shares of the company's stock, valued at approximately $11,263,628.61. This represents a 3.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have 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 Stock Performance

Q2 stock opened at $62.19 on Monday. Q2 Holdings, Inc. has a fifty-two week low of $62.06 and a fifty-two week high of $112.82. The firm's 50-day simple moving average is $75.76 and its 200 day simple moving average is $82.11. The stock has a market cap of $3.88 billion, a PE ratio of 1,244.05 and a beta of 1.47.

Wall Street Analyst Weigh In

QTWO has been the topic of several research reports. Needham & Company LLC upped their price objective on shares of Q2 from $110.00 to $115.00 and gave the company a "buy" rating in a report on Thursday, July 31st. JPMorgan Chase & Co. dropped their price target on Q2 from $115.00 to $110.00 and set an "overweight" rating on the stock in a research note on Wednesday, September 24th. Stifel Nicolaus increased their price target on Q2 from $105.00 to $110.00 and gave the stock a "buy" rating in a report on Thursday, July 31st. Wall Street Zen downgraded Q2 from a "buy" rating to a "hold" rating in a report on Friday, September 26th. Finally, Royal Bank Of Canada increased their target price on Q2 from $101.00 to $102.00 and gave the stock a "sector perform" rating in a report on Thursday, July 31st. Nine equities research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $101.94.

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.

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