Q2 Holdings, Inc. $QTWO Shares Sold by American Century Companies Inc.

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. decreased its holdings in Q2 Holdings, Inc. (NYSE:QTWO - Free Report) by 42.5% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 681,169 shares of the technology company's stock after selling 503,519 shares during the period. American Century Companies Inc. owned about 1.09% of Q2 worth $54,500,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of QTWO. Townsquare Capital LLC purchased a new stake in Q2 in the fourth quarter worth $290,000. Mariner LLC increased its stake in Q2 by 36.2% in the fourth quarter. Mariner LLC now owns 3,644 shares of the technology company's stock worth $367,000 after purchasing an additional 968 shares during the period. NewEdge Advisors LLC increased its stake in Q2 by 269.6% in the fourth quarter. NewEdge Advisors LLC now owns 377 shares of the technology company's stock worth $38,000 after purchasing an additional 275 shares during the period. Marshall Wace LLP increased its stake in Q2 by 404.2% in the fourth quarter. Marshall Wace LLP now owns 28,740 shares of the technology company's stock worth $2,893,000 after purchasing an additional 23,040 shares during the period. Finally, MetLife Investment Management LLC increased its stake in Q2 by 6.1% in the fourth quarter. MetLife Investment Management LLC now owns 35,433 shares of the technology company's stock worth $3,566,000 after purchasing an additional 2,030 shares during the period.

Insiders Place Their Bets

In other Q2 news, 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 transaction of $126,920.64. Following the sale, the executive owned 175,812 shares in the company, valued at $15,626,170.56. This represents a 0.81% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, 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 approximately $1,319,276.80. This trade represents a 4.23% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 9,485 shares of company stock valued at $750,307. Insiders own 0.31% of the company's stock.

Wall Street Analyst Weigh In

QTWO has been the topic of a number of recent research reports. Stifel Nicolaus raised their price objective on Q2 from $105.00 to $110.00 and gave the company a "buy" rating in a research report on Thursday, July 31st. Raymond James Financial cut their price objective on shares of Q2 from $110.00 to $105.00 and set an "outperform" rating on the stock in a report on Thursday, May 8th. Wall Street Zen cut Q2 from a "strong-buy" rating to a "buy" rating in a research note on Sunday, June 8th. Needham & Company LLC raised their price objective on Q2 from $110.00 to $115.00 and gave the stock a "buy" rating in a research note on Thursday, July 31st. Finally, Morgan Stanley raised their price objective on Q2 from $89.00 to $93.00 and gave the stock an "equal weight" rating in a research note on Thursday, May 8th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and eight have issued a Hold rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $101.06.

Q2 Stock Up 5.1%

Shares of Q2 stock traded up $3.89 on Friday, reaching $79.53. The company's stock had a trading volume of 1,043,098 shares, compared to its average volume of 1,048,693. The company has a market capitalization of $4.97 billion, a P/E ratio of 1,590.92 and a beta of 1.47. Q2 Holdings, Inc. has a 52-week low of $63.61 and a 52-week high of $112.82. The stock has a 50-day moving average price of $86.09 and a 200-day moving average price of $84.20.

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.