Mutual of America Capital Management LLC Has $5.40 Million Stake in Q2 Holdings, Inc. $QTWO

Key Points

• Mutual of America Capital Management LLC increased its stake in Q2 Holdings, Inc. by 34.6%, bringing its total ownership to 57,640 shares worth approximately $5.4 million.
• The stock price of Q2 Holdings (NYSE: QTWO) recently opened at $62.67, with a market cap of $3.91 billion and significant fluctuations between a twelve-month low of $58.57 and a high of $112.82.
• Recent analyst ratings have seen a trend towards "hold" from "buy" ratings, with nine analysts overall rating the stock as a buy and ten as a hold, reflecting cautious sentiment in the market.

Mutual of America Capital Management LLC boosted its position in shares of Q2 Holdings, Inc. (NYSE:QTWO - Free Report) by 34.6% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 57,640 shares of the technology company's stock after acquiring an additional 14,820 shares during the period. Mutual of America Capital Management LLC owned 0.09% of Q2 worth $5,395,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of QTWO. Dakota Wealth Management raised its position in shares of Q2 by 3.8% during the second quarter. Dakota Wealth Management now owns 3,350 shares of the technology company's stock valued at $314,000 after buying an additional 123 shares during the last quarter. B. Metzler seel. Sohn & Co. AG raised its position in shares of Q2 by 1.1% during the first quarter. B. Metzler seel. Sohn & Co. AG now owns 16,687 shares of the technology company's stock valued at $1,335,000 after buying an additional 188 shares during the last quarter. Advisors Asset Management Inc. raised its position in shares of Q2 by 35.0% during the first quarter. Advisors Asset Management Inc. now owns 849 shares of the technology company's stock valued at $68,000 after buying an additional 220 shares during the last quarter. Xponance Inc. raised its position in shares of Q2 by 5.1% during the first quarter. Xponance Inc. now owns 4,576 shares of the technology company's stock valued at $366,000 after buying an additional 224 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. raised its position in shares of Q2 by 10.0% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 2,861 shares of the technology company's stock valued at $229,000 after buying an additional 259 shares during the last quarter.

Q2 Stock Up 3.3%

NYSE QTWO opened at $62.67 on Wednesday. The stock has a market cap of $3.91 billion, a P/E ratio of 1,253.73 and a beta of 1.47. The company's 50-day simple moving average is $73.73 and its 200 day simple moving average is $81.24. Q2 Holdings, Inc. has a twelve month low of $58.57 and a twelve month high of $112.82.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. Wall Street Zen lowered 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 research note on Monday, September 29th. Royal Bank Of Canada upped their target price on shares of Q2 from $101.00 to $102.00 and gave the company a "sector perform" rating in a research note on Thursday, July 31st. Needham & Company LLC upped their target price on shares of Q2 from $110.00 to $115.00 and gave the company a "buy" rating in a research note on Thursday, July 31st. Finally, Weiss Ratings reissued a "hold (c-)" rating on shares of Q2 in a research note on Wednesday, October 8th. Nine research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $100.69.

Insiders Place Their Bets

In other Q2 news, General Counsel Michael S. Kerr sold 967 shares of the company's stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $82.60, for a total transaction of $79,874.20. Following the sale, the general counsel directly owned 56,228 shares of the company's stock, valued at approximately $4,644,432.80. This represents a 1.69% 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 link. Also, insider John E. Breeden sold 6,105 shares of the company's stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $75.27, for a total transaction of $459,523.35. Following the sale, the insider directly owned 149,643 shares in the company, valued at $11,263,628.61. This represents a 3.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 8,499 shares of company stock valued at $650,658. 3.00% of the stock is currently owned by insiders.

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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