Allspring Global Investments Holdings LLC Has $11.02 Million Holdings in Q2 Holdings, Inc. (NYSE:QTWO)

Allspring Global Investments Holdings LLC grew its stake in Q2 Holdings, Inc. (NYSE:QTWO - Free Report) by 7.6% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 137,694 shares of the technology company's stock after purchasing an additional 9,710 shares during the quarter. Allspring Global Investments Holdings LLC owned about 0.23% of Q2 worth $11,017,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the stock. William Blair Investment Management LLC bought a new stake in Q2 during the 4th quarter valued at about $202,645,000. Assenagon Asset Management S.A. boosted its holdings in shares of Q2 by 1,043.1% in the first quarter. Assenagon Asset Management S.A. now owns 954,979 shares of the technology company's stock worth $76,408,000 after buying an additional 871,437 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in shares of Q2 by 107.9% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,345,741 shares of the technology company's stock worth $135,449,000 after buying an additional 698,464 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in Q2 by 732.2% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 745,404 shares of the technology company's stock valued at $75,025,000 after purchasing an additional 655,838 shares in the last quarter. Finally, Ameriprise Financial Inc. lifted its holdings in Q2 by 105.8% during the fourth quarter. Ameriprise Financial Inc. now owns 1,012,787 shares of the technology company's stock valued at $101,937,000 after purchasing an additional 520,649 shares in the last quarter.

Insider Transactions at Q2

In other news, General Counsel Michael S. Kerr sold 397 shares of Q2 stock in a transaction that occurred on Wednesday, May 14th. The stock was sold at an average price of $92.90, for a total value of $36,881.30. Following the completion of the transaction, the general counsel owned 58,441 shares in the company, valued at approximately $5,429,168.90. This trade represents a 0.67% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director James Offerdahl sold 1,000 shares of Q2 stock in a transaction on Thursday, May 22nd. The shares were sold at an average price of $87.77, for a total value of $87,770.00. Following the sale, the director directly owned 16,241 shares in the company, valued at $1,425,472.57. The trade was a 5.80% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 3,991 shares of company stock worth $357,153. 3.00% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Needham & Company LLC reduced their price objective on shares of Q2 from $125.00 to $110.00 and set a "buy" rating on the stock in a research report on Thursday, May 8th. Morgan Stanley lifted their price objective on shares of Q2 from $89.00 to $93.00 and gave the stock an "equal weight" rating in a research note on Thursday, May 8th. Wall Street Zen lowered shares of Q2 from a "strong-buy" rating to a "buy" rating in a research note on Sunday, June 8th. Royal Bank Of Canada lowered their target price on shares of Q2 from $108.00 to $101.00 and set a "sector perform" rating for the company in a research note on Thursday, May 8th. Finally, Compass Point reaffirmed a "neutral" rating and issued a $60.00 price objective on shares of Q2 in a research note on Monday, April 7th. Eight analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $100.41.

Q2 Price Performance

Q2 stock traded down $1.24 during trading hours on Monday, hitting $93.35. The stock had a trading volume of 340,756 shares, compared to its average volume of 645,064. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.43 and a quick ratio of 1.43. The stock has a market capitalization of $5.82 billion, a price-to-earnings ratio of -266.71 and a beta of 1.48. Q2 Holdings, Inc. has a 1-year low of $60.00 and a 1-year high of $112.82. The stock's fifty day moving average is $88.73 and its two-hundred day moving average is $87.35.

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.