American Century Companies Inc. Lowers Stock Holdings in Q2 Holdings, Inc. $QTWO

Key Points

• American Century Companies Inc. reduced its stake in Q2 Holdings, Inc. by 42.5%, selling 503,519 shares to end with 681,169 shares valued at approximately $54.5 million.
• Analysts have mixed opinions on Q2, with target price adjustments: Raymond James lowered it to $105.00, while Morgan Stanley raised theirs to $93.00.
• Insider selling activity was noted, with insider John E. Breeden selling 6,105 shares worth over $450,000, indicating a 3.92% decrease in their ownership.

American Century Companies Inc. trimmed its stake in Q2 Holdings, Inc. (NYSE:QTWO - Free Report) by 42.5% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 681,169 shares of the technology company's stock after selling 503,519 shares during the period. American Century Companies Inc. owned 1.09% of Q2 worth $54,500,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Versant Capital Management Inc bought a new position in shares of Q2 in the 1st quarter worth $33,000. NewEdge Advisors LLC raised its position in shares of Q2 by 269.6% in the 4th quarter. NewEdge Advisors LLC now owns 377 shares of the technology company's stock worth $38,000 after acquiring an additional 275 shares in the last quarter. Larson Financial Group LLC raised its position 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 worth $44,000 after acquiring an additional 526 shares in the last quarter. TCTC Holdings LLC raised its position in shares of Q2 by 103.1% in the 1st quarter. TCTC Holdings LLC now owns 597 shares of the technology company's stock worth $48,000 after acquiring an additional 303 shares in the last quarter. Finally, Transce3nd LLC bought a new position in shares of Q2 in the 4th quarter worth $98,000.

Analyst Upgrades and Downgrades

Several research firms have recently commented on QTWO. Zacks Research raised Q2 to a "strong-buy" rating in a research report on Friday, August 8th. JPMorgan Chase & Co. assumed coverage on Q2 in a research note on Wednesday, June 18th. They set an "overweight" rating and a $115.00 target price on the stock. Cantor Fitzgerald assumed coverage on Q2 in a research note on Tuesday, June 3rd. They set an "overweight" rating and a $110.00 target price on the stock. Stifel Nicolaus boosted their target price on Q2 from $105.00 to $110.00 and gave the stock a "buy" rating in a research note on Thursday, July 31st. Finally, Wall Street Zen downgraded Q2 from a "strong-buy" rating to a "buy" rating in a research note on Sunday, June 8th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat, Q2 currently has an average rating of "Moderate Buy" and an average target price of $101.06.

Q2 Price Performance

Q2 stock traded down $2.1430 during trading hours on Monday, hitting $77.3770. 626,840 shares of the stock traded hands, compared to its average volume of 1,082,382. The firm's 50 day moving average price is $85.88 and its 200-day moving average price is $83.94. The stock has a market capitalization of $4.83 billion, a price-to-earnings ratio of 1,547.85 and a beta of 1.47. Q2 Holdings, Inc. has a 1 year low of $63.61 and a 1 year high of $112.82.

Insider Buying and Selling at Q2

In other news, Director James Offerdahl sold 786 shares of the company's stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $74.15, for a total value of $58,281.90. Following the sale, the director owned 17,792 shares in the company, valued at $1,319,276.80. This represents a 4.23% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CRO Michael A. Volanoski sold 1,428 shares of the company's stock in a transaction dated Thursday, June 12th. The stock was sold at an average price of $88.88, for a total value of $126,920.64. Following the completion of the sale, the executive owned 175,812 shares in the company, valued at $15,626,170.56. The trade was a 0.81% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 9,485 shares of company stock worth $750,307. 3.00% of the stock is currently owned by insiders.

About Q2

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.