Assenagon Asset Management S.A. Raises Stock Position in Q2 Holdings, Inc. $QTWO

Key Points

• Assenagon Asset Management S.A. raised its stake in Q2 Holdings by 37.7% in Q4 to 552,712 shares (about 0.88% of the company), valued at roughly $39.9 million.
• Corporate insiders have been net sellers, offloading a total of 411,087 shares worth about $20.7 million over the past 90 days, including sales by the General Counsel and COO on March 9.
• Analysts maintain a consensus rating of "Moderate Buy" with a consensus price target of $79.29, although several firms have set nearer-term targets around $67–$68 after recent downgrades.

Assenagon Asset Management S.A. increased its position in shares of Q2 Holdings, Inc. (NYSE:QTWO - Free Report) by 37.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 552,712 shares of the technology company's stock after acquiring an additional 151,201 shares during the period. Assenagon Asset Management S.A. owned approximately 0.88% of Q2 worth $39,884,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Headlands Technologies LLC bought a new position in shares of Q2 in the second quarter worth $26,000. Measured Wealth Private Client Group LLC purchased a new stake in shares of Q2 in the third quarter worth $26,000. Cullen Frost Bankers Inc. bought a new stake in Q2 during the third quarter valued at $27,000. Salomon & Ludwin LLC bought a new stake in Q2 during the third quarter valued at $30,000. Finally, First Horizon Corp purchased a new position in Q2 during the third quarter worth about $37,000.

Analysts Set New Price Targets

Several analysts have weighed in on the company. Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Q2 in a report on Thursday, January 22nd. Morgan Stanley set a $68.00 price objective on shares of Q2 in a research report on Thursday, February 12th. UBS Group set a $67.00 target price on shares of Q2 in a research note on Thursday, February 12th. Wall Street Zen lowered shares of Q2 from a "strong-buy" rating to a "buy" rating in a research report on Saturday, March 7th. Finally, Royal Bank Of Canada cut their price target on shares of Q2 from $86.00 to $67.00 and set a "sector perform" rating for the company in a research note on Thursday, February 12th. Eight investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $79.29.

Insider Buying and Selling

In related news, General Counsel Michael S. Kerr sold 2,821 shares of the business's stock in a transaction that occurred on Monday, March 9th. The stock was sold at an average price of $51.35, for a total value of $144,858.35. Following the completion of the sale, the general counsel owned 47,227 shares in the company, valued at $2,425,106.45. The trade was a 5.64% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, COO Himagiri K. Mukkamala sold 1,343 shares of the stock in a transaction that occurred on Monday, March 9th. The shares were sold at an average price of $51.35, for a total transaction of $68,963.05. Following the transaction, the chief operating officer owned 92,910 shares in the company, valued at $4,770,928.50. The trade was a 1.42% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 411,087 shares of company stock worth $20,702,472 over the last ninety days. Corporate insiders own 0.31% of the company's stock.

Q2 Trading Down 1.1%

QTWO opened at $46.18 on Thursday. The stock has a 50-day moving average price of $54.82 and a 200-day moving average price of $65.26. Q2 Holdings, Inc. has a 12-month low of $45.62 and a 12-month high of $96.68. The stock has a market capitalization of $2.88 billion, a P/E ratio of 58.45 and a beta of 1.40.

Q2 Company Profile

Q2 Holdings, Inc develops and delivers cloud-based digital banking solutions that enable banks and credit unions to enhance customer and member experiences. The company's core offerings include the Q2 Platform, a comprehensive suite of online and mobile banking applications for retail and commercial customers, as well as digital onboarding, payments, and fraud prevention tools. Q2's platform also provides analytics and reporting capabilities designed to help financial institutions tailor products, optimize workflows, and drive engagement.

Founded in 2004 and headquartered in Austin, Texas, Q2 serves hundreds of financial institutions across the United States and Canada.

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