Comerica Bank Has $17.86 Million Stock Holdings in Q2 Holdings, Inc. $QTWO

Key Points

• Comerica Bank increased its stake in Q2 by 30.8% to 247,503 shares—about a 0.40% ownership—worth approximately $17.86 million per its latest SEC filing.
• Significant insider selling has occurred recently: CEO Matthew Flake sold 91,590 shares and another insider sold 20,948, with insiders disposing of 411,087 shares valued at about $20.7 million in the past 90 days, leaving insiders with 3.0% ownership.
• Analysts have trimmed targets (e.g., JPMorgan to $75, Needham to $70) but the consensus remains a "Moderate Buy" with an average price target of $77, while Q2 trades around $48.61 (market cap ~$3.03B), implying notable analyst-implied upside.

Comerica Bank grew its position in shares of Q2 Holdings, Inc. (NYSE:QTWO - Free Report) by 30.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 247,503 shares of the technology company's stock after purchasing an additional 58,228 shares during the quarter. Comerica Bank owned approximately 0.40% of Q2 worth $17,860,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the company. Pictet Asset Management Holding SA boosted its stake in shares of Q2 by 7.6% during the fourth quarter. Pictet Asset Management Holding SA now owns 9,814 shares of the technology company's stock valued at $708,000 after purchasing an additional 695 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Q2 by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 7,995,133 shares of the technology company's stock valued at $576,929,000 after purchasing an additional 82,827 shares in the last quarter. Peregrine Capital Management LLC boosted its stake in shares of Q2 by 48.7% during the fourth quarter. Peregrine Capital Management LLC now owns 143,243 shares of the technology company's stock valued at $10,336,000 after purchasing an additional 46,903 shares in the last quarter. M&T Bank Corp boosted its stake in shares of Q2 by 247.2% during the fourth quarter. M&T Bank Corp now owns 19,786 shares of the technology company's stock valued at $1,428,000 after purchasing an additional 14,087 shares in the last quarter. Finally, Evergreen Capital Management LLC acquired a new stake in shares of Q2 during the fourth quarter valued at about $218,000.

Insider Transactions at Q2

In other Q2 news, insider Kimberly Anne Rutledge sold 20,948 shares of the business's stock in a transaction that occurred on Thursday, March 5th. The stock was sold at an average price of $51.66, for a total value of $1,082,173.68. Following the transaction, the insider directly owned 88,078 shares of the company's stock, valued at approximately $4,550,109.48. The trade was a 19.21% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Matthew P. Flake sold 91,590 shares of the business's stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of $49.75, for a total value of $4,556,602.50. Following the completion of the transaction, the chief executive officer directly owned 503,815 shares in the company, valued at approximately $25,064,796.25. This trade represents a 15.38% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 411,087 shares of company stock valued at $20,702,472. 3.00% of the stock is owned by insiders.

Q2 Price Performance

Q2 stock opened at $48.61 on Tuesday. The stock's 50 day moving average is $49.16 and its 200 day moving average is $60.84. The firm has a market cap of $3.03 billion, a P/E ratio of 61.53 and a beta of 1.42. Q2 Holdings, Inc. has a one year low of $44.65 and a one year high of $96.68.

Analysts Set New Price Targets

A number of analysts have recently commented on QTWO shares. JPMorgan Chase & Co. cut their price target on Q2 from $100.00 to $75.00 and set an "overweight" rating on the stock in a research note on Wednesday, February 18th. Cantor Fitzgerald cut their price objective on Q2 from $90.00 to $80.00 and set an "overweight" rating on the stock in a research note on Thursday, February 12th. Needham & Company LLC cut their price objective on Q2 from $90.00 to $70.00 and set a "buy" rating on the stock in a research note on Thursday, February 12th. Stephens set a $90.00 price objective on Q2 in a research note on Friday, January 16th. Finally, Stifel Nicolaus set a $75.00 price objective on Q2 in a research note on Thursday, February 12th. Eight equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $77.00.

About Q2

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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