Motley Fool Wealth Management LLC Sells 11,349 Shares of Q2 Holdings, Inc. (NYSE:QTWO)

Key Points

• Motley Fool Wealth Management LLC reduced its stake in Q2 Holdings, Inc. by 8.5%, selling 11,349 shares, leaving it with approximately 122,599 shares valued at $9.8 million.
• Analysts have mixed ratings on Q2 Holdings, with a current consensus of "Moderate Buy" and a target price averaging $101.06.
• Insider trading activity has seen General Counsel Michael S. Kerr and CRO Michael A. Volanoski sell shares recently, contributing to a total of 3,991 shares sold by insiders in the past three months.

Motley Fool Wealth Management LLC cut its position in shares of Q2 Holdings, Inc. (NYSE:QTWO - Free Report) by 8.5% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 122,599 shares of the technology company's stock after selling 11,349 shares during the quarter. Motley Fool Wealth Management LLC owned approximately 0.20% of Q2 worth $9,809,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Versant Capital Management Inc acquired a new stake in Q2 during the 1st quarter valued at $33,000. NewEdge Advisors LLC grew 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 valued at $38,000 after acquiring an additional 275 shares in the last quarter. Larson Financial Group LLC increased its position 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 acquiring an additional 526 shares during the last quarter. TCTC Holdings LLC lifted its stake in shares of Q2 by 103.1% in the first quarter. TCTC Holdings LLC now owns 597 shares of the technology company's stock worth $48,000 after acquiring an additional 303 shares in the last quarter. Finally, Transce3nd LLC acquired a new position in shares of Q2 in the fourth quarter worth about $98,000.

Insider Buying and Selling

In other news, CRO Michael A. Volanoski sold 1,428 shares of the firm's stock in a transaction that occurred on Thursday, June 12th. The shares were sold at an average price of $88.88, for a total transaction of $126,920.64. Following the completion of the transaction, the executive directly owned 175,812 shares of the company's stock, valued at $15,626,170.56. This trade represents a 0.81% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director James Offerdahl sold 786 shares of the firm's stock in a transaction that occurred 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 transaction, the director directly owned 17,792 shares of the company's stock, valued at $1,319,276.80. This represents a 4.23% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 4,380 shares of company stock valued at $378,554. 0.31% of the stock is owned by company insiders.

Q2 Trading Up 1.6%

Shares of NYSE:QTWO traded up $1.19 during mid-day trading on Wednesday, reaching $76.33. The stock had a trading volume of 736,488 shares, compared to its average volume of 931,385. The firm has a market cap of $4.77 billion, a PE ratio of 1,526.91 and a beta of 1.47. The firm has a 50 day simple moving average of $87.98 and a two-hundred day simple moving average of $85.16. Q2 Holdings, Inc. has a twelve month low of $63.61 and a twelve month high of $112.82.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. Stifel Nicolaus increased their target price on Q2 from $105.00 to $110.00 and gave the company a "buy" rating in a research note on Thursday, July 31st. Wall Street Zen downgraded shares of Q2 from a "strong-buy" rating to a "buy" rating in a research note on Sunday, June 8th. Raymond James Financial reduced their price objective on shares of Q2 from $110.00 to $105.00 and set an "outperform" rating on the stock in a research note on Thursday, May 8th. Needham & Company LLC lifted their price target on Q2 from $110.00 to $115.00 and gave the stock a "buy" rating in a research note on Thursday, July 31st. Finally, Robert W. Baird lifted their target price on Q2 from $84.00 to $90.00 and gave the stock a "neutral" rating in a research report on Thursday, May 8th. Eight analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average 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.