Q2 Holdings, Inc. $QTWO Shares Purchased by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. grew its position in Q2 Holdings, Inc. (NYSE:QTWO - Free Report) by 1.5% in the 1st quarter, according to its most recent disclosure 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 quarter. Charles Schwab Investment Management Inc. owned about 0.83% of Q2 worth $41,184,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Versant Capital Management Inc purchased a new stake in shares of Q2 during the first quarter worth approximately $33,000. NewEdge Advisors LLC raised its stake in shares of Q2 by 269.6% during 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 last quarter. Larson Financial Group LLC raised its stake in shares of Q2 by 2,630.0% during the first quarter. Larson Financial Group LLC now owns 546 shares of the technology company's stock worth $44,000 after purchasing an additional 526 shares during the last quarter. TCTC Holdings LLC raised its stake in shares of Q2 by 103.1% during the first quarter. TCTC Holdings LLC now owns 597 shares of the technology company's stock worth $48,000 after purchasing an additional 303 shares during the last quarter. Finally, Transce3nd LLC purchased a new stake in shares of Q2 during the fourth quarter worth approximately $98,000.

Q2 Trading Up 4.6%

Shares of QTWO stock traded up $3.51 during mid-day trading on Friday, reaching $79.15. The stock had a trading volume of 148,715 shares, compared to its average volume of 706,922. Q2 Holdings, Inc. has a 12-month low of $63.61 and a 12-month high of $112.82. The company has a market cap of $4.94 billion, a P/E ratio of 1,580.64 and a beta of 1.47. The business has a 50-day simple moving average of $86.21 and a 200 day simple moving average of $84.31.

Insider Activity at Q2

In related news, Director James Offerdahl sold 786 shares of the stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $74.15, for a total transaction of $58,281.90. Following the sale, the director owned 17,792 shares of the company's stock, valued at $1,319,276.80. This trade represents a 4.23% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider John E. Breeden sold 6,105 shares of the stock in a transaction on Monday, August 18th. The shares were sold at an average price of $75.27, for a total value of $459,523.35. Following the sale, the insider directly owned 149,643 shares in the company, valued at approximately $11,263,628.61. The trade was a 3.92% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 9,485 shares of company stock valued at $750,307 over the last quarter. Insiders own 0.31% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on QTWO shares. Robert W. Baird upped their price target on Q2 from $84.00 to $90.00 and gave the stock a "neutral" rating in a research note on Thursday, May 8th. Morgan Stanley increased their price objective on Q2 from $89.00 to $93.00 and gave the stock an "equal weight" rating in a research report on Thursday, May 8th. Needham & Company LLC increased their price objective on Q2 from $110.00 to $115.00 and gave the stock a "buy" rating in a research report on Thursday, July 31st. Royal Bank Of Canada increased their price objective on Q2 from $101.00 to $102.00 and gave the stock a "sector perform" rating in a research report on Thursday, July 31st. Finally, Raymond James Financial cut their price objective on Q2 from $110.00 to $105.00 and set an "outperform" rating for the company in a research report 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 stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $101.06.

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.