Charles Schwab Investment Management Inc. Buys 7,667 Shares of Q2 Holdings, Inc. $QTWO

Charles Schwab Investment Management Inc. increased its position in shares of Q2 Holdings, Inc. (NYSE:QTWO - Free Report) by 1.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 514,732 shares of the technology company's stock after acquiring an additional 7,667 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.83% of Q2 worth $41,184,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. PNC Financial Services Group Inc. raised its stake in Q2 by 42.8% in the first quarter. PNC Financial Services Group Inc. now owns 2,816 shares of the technology company's stock valued at $225,000 after purchasing an additional 844 shares in the last quarter. US Bancorp DE increased its stake in Q2 by 5.0% in the 1st quarter. US Bancorp DE now owns 31,656 shares of the technology company's stock worth $2,533,000 after purchasing an additional 1,513 shares during the period. Natixis Advisors LLC increased its stake in shares of Q2 by 5.1% in the first quarter. Natixis Advisors LLC now owns 19,461 shares of the technology company's stock worth $1,557,000 after buying an additional 936 shares during the period. XTX Topco Ltd bought a new position in shares of Q2 during the first quarter valued at about $517,000. Finally, Federated Hermes Inc. raised its position in Q2 by 5.4% during the 1st quarter. Federated Hermes Inc. now owns 746,938 shares of the technology company's stock valued at $59,763,000 after purchasing an additional 38,315 shares during the last quarter.

Q2 Trading Down 0.3%

QTWO stock opened at $74.55 on Monday. The company has a 50-day moving average price of $87.35 and a 200 day moving average price of $84.70. Q2 Holdings, Inc. has a 12 month low of $63.61 and a 12 month high of $112.82. The stock has a market cap of $4.65 billion, a PE ratio of 1,491.30 and a beta of 1.47.

Insider Transactions at Q2

In other news, CRO Michael A. Volanoski sold 1,428 shares of the firm's stock in a transaction dated Thursday, June 12th. The shares were sold at an average price of $88.88, for a total value of $126,920.64. Following the sale, the executive directly owned 175,812 shares in the company, valued at approximately $15,626,170.56. This trade represents a 0.81% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director James Offerdahl sold 1,000 shares of the company's stock in a transaction dated Thursday, May 22nd. The shares were sold at an average price of $87.77, for a total transaction of $87,770.00. Following the transaction, the director owned 16,241 shares in the company, valued at approximately $1,425,472.57. This trade represents a 5.80% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 4,380 shares of company stock worth $378,554. Company insiders own 3.00% of the company's stock.

Wall Street Analyst Weigh In

QTWO has been the subject of several research analyst reports. Raymond James Financial dropped their target price on shares of Q2 from $110.00 to $105.00 and set an "outperform" rating for the company in a research report on Thursday, May 8th. Royal Bank Of Canada lifted their price target on Q2 from $101.00 to $102.00 and gave the stock a "sector perform" rating in a research report on Thursday, July 31st. 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 started coverage on shares of Q2 in a report on Tuesday, June 3rd. They set an "overweight" rating and a $110.00 price objective for the company. Finally, Zacks Research raised shares of Q2 to a "strong-buy" rating in a report on Friday, August 8th. Eight equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $101.06.

Q2 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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