Inspire Investing LLC Sells 6,171 Shares of Q2 Holdings, Inc. $QTWO

Key Points

• Inspire Investing LLC reduced its holdings in Q2 Holdings, Inc. by 54.0%, owning 5,248 shares after selling 6,171 shares in the second quarter.
• The stock opened at $62.19 and Q2 Holdings has a market capitalization of $3.88 billion with a current price-to-earnings ratio of 1,244.05.
• Analysts have mixed ratings on Q2 Holdings, with a consensus of "Hold" and an average target price of $101.94, reflecting varied outlooks on the stock's performance.

Inspire Investing LLC reduced its position in Q2 Holdings, Inc. (NYSE:QTWO - Free Report) by 54.0% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 5,248 shares of the technology company's stock after selling 6,171 shares during the period. Inspire Investing LLC's holdings in Q2 were worth $491,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. SG Americas Securities LLC lifted its position in Q2 by 377.9% during the first quarter. SG Americas Securities LLC now owns 12,214 shares of the technology company's stock valued at $977,000 after acquiring an additional 9,658 shares during the last quarter. Elevation Point Wealth Partners LLC increased its position in shares of Q2 by 19.9% during the first quarter. Elevation Point Wealth Partners LLC now owns 3,589 shares of the technology company's stock worth $287,000 after purchasing an additional 595 shares in the last quarter. Conestoga Capital Advisors LLC lifted its holdings in shares of Q2 by 1.6% during the 1st quarter. Conestoga Capital Advisors LLC now owns 1,957,893 shares of the technology company's stock valued at $156,651,000 after purchasing an additional 30,480 shares during the last quarter. Oppenheimer Asset Management Inc. boosted its position in shares of Q2 by 2.4% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 23,813 shares of the technology company's stock worth $1,905,000 after purchasing an additional 562 shares in the last quarter. Finally, Asset Management One Co. Ltd. grew its stake in Q2 by 31.0% during the 1st quarter. Asset Management One Co. Ltd. now owns 2,445 shares of the technology company's stock worth $196,000 after buying an additional 578 shares during the last quarter.

Q2 Price Performance

Shares of NYSE QTWO opened at $62.19 on Monday. The stock has a market capitalization of $3.88 billion, a price-to-earnings ratio of 1,244.05 and a beta of 1.47. The firm's 50 day simple moving average is $75.76 and its 200-day simple moving average is $82.11. Q2 Holdings, Inc. has a 12 month low of $62.06 and a 12 month high of $112.82.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Weiss Ratings reissued a "hold (c-)" rating on shares of Q2 in a report on Wednesday, October 8th. JPMorgan Chase & Co. lowered their target price on shares of Q2 from $115.00 to $110.00 and set an "overweight" rating for the company in a research note on Wednesday, September 24th. Wall Street Zen downgraded shares of Q2 from a "buy" rating to a "hold" rating in a research report on Friday, September 26th. Zacks Research cut shares of Q2 from a "strong-buy" rating to a "hold" rating in a report on Monday, September 29th. Finally, Needham & Company LLC lifted their price objective on shares of Q2 from $110.00 to $115.00 and gave the stock a "buy" rating in a research note on Thursday, July 31st. Nine investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $101.94.

Insider Buying and Selling at Q2

In related news, General Counsel Michael S. Kerr sold 967 shares of the company's stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $82.60, for a total value of $79,874.20. Following the completion of the transaction, the general counsel owned 56,228 shares of the company's stock, valued at approximately $4,644,432.80. This represents a 1.69% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider John E. Breeden sold 6,105 shares of the stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $75.27, for a total value of $459,523.35. Following the transaction, the insider owned 149,643 shares in the company, valued at $11,263,628.61. This represents a 3.92% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 8,499 shares of company stock valued at $650,658. Corporate insiders own 0.31% of the company's stock.

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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