Premier Fund Managers Ltd Lowers Position in Q2 Holdings, Inc. (NYSE:QTWO)

Premier Fund Managers Ltd lowered its holdings in shares of Q2 Holdings, Inc. (NYSE:QTWO - Free Report) by 30.2% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 7,354 shares of the technology company's stock after selling 3,175 shares during the period. Premier Fund Managers Ltd's holdings in Q2 were worth $594,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Summit Investment Advisors Inc. boosted its position in Q2 by 3.3% during the 4th quarter. Summit Investment Advisors Inc. now owns 6,156 shares of the technology company's stock valued at $620,000 after buying an additional 195 shares during the period. Xponance Inc. lifted its position in shares of Q2 by 5.1% in the 1st quarter. Xponance Inc. now owns 4,576 shares of the technology company's stock worth $366,000 after purchasing an additional 224 shares during the period. Mutual of America Capital Management LLC lifted its position in shares of Q2 by 0.6% in the 1st quarter. Mutual of America Capital Management LLC now owns 42,820 shares of the technology company's stock worth $3,426,000 after purchasing an additional 248 shares during the period. Summit Global Investments lifted its position in shares of Q2 by 2.6% in the 1st quarter. Summit Global Investments now owns 9,902 shares of the technology company's stock worth $792,000 after purchasing an additional 255 shares during the period. Finally, NewEdge Advisors LLC lifted its position in shares of Q2 by 269.6% in the 4th 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 period.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. Stifel Nicolaus raised their target price on shares of Q2 from $105.00 to $110.00 and gave the stock a "buy" rating in a research report on Thursday. Royal Bank Of Canada raised their target price on shares of Q2 from $101.00 to $102.00 and gave the stock a "sector perform" rating in a research report on Thursday. Raymond James Financial dropped their target price on shares of Q2 from $110.00 to $105.00 and set an "outperform" rating for the company in a research report on Thursday, May 8th. Needham & Company LLC lifted their price target on shares of Q2 from $110.00 to $115.00 and gave the company a "buy" rating in a research report on Thursday. Finally, Compass Point reissued a "neutral" rating and set a $60.00 price target on shares of Q2 in a research report on Monday, April 7th. Eight analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $101.06.

Insider Activity at Q2

In other Q2 news, General Counsel Michael S. Kerr sold 397 shares of the company's stock in a transaction that occurred on Wednesday, May 14th. The shares were sold at an average price of $92.90, for a total value of $36,881.30. Following the completion of the transaction, the general counsel directly owned 58,441 shares in the company, valued at $5,429,168.90. This represents a 0.67% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director James Offerdahl sold 1,000 shares of the company's stock in a transaction that occurred on Thursday, May 22nd. The stock was sold at an average price of $87.77, for a total transaction of $87,770.00. Following the completion of the transaction, the director owned 16,241 shares of the company's stock, valued at approximately $1,425,472.57. The trade was a 5.80% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 3,991 shares of company stock worth $357,153. 0.31% of the stock is owned by company insiders.

Q2 Trading Down 5.8%

NYSE QTWO traded down $4.68 during trading hours on Friday, hitting $76.52. 1,368,285 shares of the company's stock traded hands, compared to its average volume of 536,969. The business's fifty day moving average price is $89.97 and its two-hundred day moving average price is $86.18. The firm has a market capitalization of $4.78 billion, a P/E ratio of 1,530.71 and a beta of 1.47. Q2 Holdings, Inc. has a 52 week low of $61.51 and a 52 week high of $112.82.

About Q2

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.