Invesco Ltd. Has $214.05 Million Stake in Q2 Holdings, Inc. $QTWO

Invesco Ltd. boosted its position in shares of Q2 Holdings, Inc. (NYSE:QTWO - Free Report) by 2.3% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,675,224 shares of the technology company's stock after buying 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 large investors have also bought and sold shares of the company. Envestnet Asset Management Inc. lifted its stake in Q2 by 1.7% in the 4th quarter. Envestnet Asset Management Inc. now owns 97,356 shares of the technology company's stock worth $9,799,000 after acquiring an additional 1,622 shares in the last quarter. Russell Investments Group Ltd. lifted its stake in Q2 by 21.7% in the 4th quarter. Russell Investments Group Ltd. now owns 33,489 shares of the technology company's stock worth $3,371,000 after acquiring an additional 5,965 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in Q2 in the 4th quarter worth about $18,271,000. Townsquare Capital LLC purchased a new stake in Q2 in the 4th quarter worth about $290,000. Finally, Summit Investment Advisors Inc. lifted its stake in Q2 by 3.3% in the 4th quarter. Summit Investment Advisors Inc. now owns 6,156 shares of the technology company's stock worth $620,000 after acquiring an additional 195 shares in the last quarter.

Q2 Stock Performance

Shares of NYSE:QTWO traded up $0.60 during trading on Monday, hitting $75.16. 223,254 shares of the stock were exchanged, compared to its average volume of 706,885. Q2 Holdings, Inc. has a 1-year low of $63.61 and a 1-year high of $112.82. The company has a market capitalization of $4.69 billion, a price-to-earnings ratio of 1,502.26 and a beta of 1.47. The company's fifty day simple moving average is $87.35 and its 200-day simple moving average is $84.70.

Analyst Ratings Changes

Several brokerages recently issued reports on QTWO. Wall Street Zen downgraded Q2 from a "strong-buy" rating to a "buy" rating in a research note on Sunday, June 8th. Cantor Fitzgerald began coverage on Q2 in a research note on Tuesday, June 3rd. They issued an "overweight" rating and a $110.00 price objective for the company. Royal Bank Of Canada raised their price target on Q2 from $101.00 to $102.00 and gave the stock a "sector perform" rating in a research note on Thursday, July 31st. JPMorgan Chase & Co. began coverage on Q2 in a research note on Wednesday, June 18th. They set an "overweight" rating and a $115.00 price target for the company. Finally, Stifel Nicolaus raised their price target on Q2 from $105.00 to $110.00 and gave the stock a "buy" rating in a research note on Thursday, July 31st. Eight research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Q2 currently has an average rating of "Moderate Buy" and a consensus price target of $101.06.

Insider Activity at Q2

In other news, Director James Offerdahl sold 786 shares of Q2 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 sale, the director owned 17,792 shares of the company's stock, valued at approximately $1,319,276.80. This trade represents a 4.23% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CRO Michael A. Volanoski sold 1,428 shares of the business's stock in a transaction on Thursday, June 12th. The shares were sold at an average price of $88.88, for a total value of $126,920.64. Following the completion of the sale, the executive directly owned 175,812 shares in the company, valued at approximately $15,626,170.56. This represents a 0.81% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 4,380 shares of company stock worth $378,554 in the last three months. 3.00% of the stock is 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.