Q2 Holdings, Inc. (NYSE:QTWO) Shares Acquired by Invesco Ltd.

Invesco Ltd. boosted its position in shares of Q2 Holdings, Inc. (NYSE:QTWO - Free Report) by 2.3% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,675,224 shares of the technology company's stock after acquiring an additional 60,958 shares during the quarter. Invesco Ltd. owned 4.29% of Q2 worth $214,045,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Raymond James Financial Inc. purchased a new position in Q2 during the 4th quarter valued at about $18,271,000. Rhumbline Advisers boosted its holdings in Q2 by 6.9% during the 1st quarter. Rhumbline Advisers now owns 87,324 shares of the technology company's stock valued at $6,987,000 after acquiring an additional 5,672 shares during the period. Public Employees Retirement System of Ohio purchased a new position in Q2 during the 4th quarter valued at about $140,000. Mariner LLC boosted its stake in shares of Q2 by 36.2% in the 4th quarter. Mariner LLC now owns 3,644 shares of the technology company's stock valued at $367,000 after buying an additional 968 shares during the period. Finally, SG Americas Securities LLC grew its position in shares of Q2 by 377.9% during the first quarter. SG Americas Securities LLC now owns 12,214 shares of the technology company's stock worth $977,000 after buying an additional 9,658 shares in the last quarter.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on QTWO shares. Morgan Stanley boosted their price objective on Q2 from $89.00 to $93.00 and gave the stock an "equal weight" rating in a research report on Thursday, May 8th. Robert W. Baird boosted their price objective on Q2 from $84.00 to $90.00 and gave the stock a "neutral" rating in a research report on Thursday, May 8th. Zacks Research raised Q2 to a "strong-buy" rating in a research report on Friday, August 8th. Cantor Fitzgerald started coverage on Q2 in a research report on Tuesday, June 3rd. They set an "overweight" rating and a $110.00 price objective for the company. Finally, Needham & Company LLC boosted their price objective on Q2 from $110.00 to $115.00 and gave the stock a "buy" rating in a research report on Thursday, July 31st. Eight equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Q2 has an average rating of "Moderate Buy" and an average price target of $101.06.

Insider Activity at Q2

In other Q2 news, CRO Michael A. Volanoski sold 1,428 shares of Q2 stock in a transaction that occurred on Thursday, June 12th. The stock was sold at an average price of $88.88, for a total transaction of $126,920.64. Following the transaction, the executive owned 175,812 shares of the company's stock, valued at $15,626,170.56. The trade was a 0.81% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director James Offerdahl sold 1,000 shares of Q2 stock in a transaction that occurred on Thursday, May 22nd. The stock was sold at an average price of $87.77, for a total value of $87,770.00. Following the transaction, the director directly owned 16,241 shares in the company, valued at approximately $1,425,472.57. This trade represents a 5.80% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 4,380 shares of company stock worth $378,554. 0.31% of the stock is currently owned by corporate insiders.

Q2 Trading Down 0.3%

QTWO stock traded down $0.25 during trading on Friday, hitting $74.55. 737,583 shares of the company's stock were exchanged, compared to its average volume of 955,870. The stock has a market capitalization of $4.66 billion, a price-to-earnings ratio of 1,491.30 and a beta of 1.47. Q2 Holdings, Inc. has a 52-week low of $63.61 and a 52-week high of $112.82. The business has a 50-day moving average price of $87.35 and a two-hundred day moving average price of $84.79.

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.