Q2 Holdings, Inc. (NYSE:QTWO) Shares Sold by Nuveen Asset Management LLC

Nuveen Asset Management LLC lowered its stake in Q2 Holdings, Inc. (NYSE:QTWO - Free Report) by 8.8% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 746,006 shares of the technology company's stock after selling 72,092 shares during the quarter. Nuveen Asset Management LLC owned approximately 1.24% of Q2 worth $75,086,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the company. TCTC Holdings LLC purchased a new position in shares of Q2 in the fourth quarter valued at $30,000. SBI Securities Co. Ltd. bought a new stake in shares of Q2 in the 4th quarter worth $30,000. Ameliora Wealth Management Ltd. acquired a new stake in shares of Q2 during the fourth quarter worth $32,000. NewEdge Advisors LLC lifted its holdings in shares of Q2 by 269.6% in the fourth quarter. NewEdge Advisors LLC now owns 377 shares of the technology company's stock valued at $38,000 after purchasing an additional 275 shares in the last quarter. Finally, Transce3nd LLC purchased a new position in shares of Q2 during the 4th quarter valued at $98,000.

Q2 Stock Performance

NYSE QTWO traded down $0.07 on Tuesday, hitting $89.91. 331,207 shares of the stock were exchanged, compared to its average volume of 649,069. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.40 and a quick ratio of 1.40. The business's fifty day moving average is $79.49 and its 200 day moving average is $90.51. Q2 Holdings, Inc. has a 52 week low of $55.97 and a 52 week high of $112.82. The company has a market capitalization of $5.60 billion, a PE ratio of -138.32 and a beta of 1.47.

Insider Transactions at Q2

In related news, insider Kimberly Anne Rutledge sold 6,656 shares of the firm's stock in a transaction dated Wednesday, March 12th. The stock was sold at an average price of $74.12, for a total value of $493,342.72. Following the sale, the insider now directly owns 113,278 shares of the company's stock, valued at $8,396,165.36. This trade represents a 5.55% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, General Counsel Michael S. Kerr sold 397 shares of the business's stock in a transaction on Wednesday, May 14th. The stock was 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 now owns 58,441 shares of the company's stock, valued at $5,429,168.90. This represents a 0.67% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 194,255 shares of company stock valued at $14,890,846 in the last 90 days. 0.31% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on QTWO shares. Stephens reaffirmed an "overweight" rating and set a $115.00 price objective on shares of Q2 in a report on Thursday, February 13th. Raymond James decreased their price objective on Q2 from $110.00 to $105.00 and set an "outperform" rating for the company in a report on Thursday, May 8th. Royal Bank of Canada cut their target price on shares of Q2 from $108.00 to $101.00 and set a "sector perform" rating for the company in a research note on Thursday, May 8th. Truist Financial restated a "buy" rating and issued a $110.00 price target (up previously from $100.00) on shares of Q2 in a research report on Thursday, February 13th. Finally, Robert W. Baird raised their price objective on Q2 from $84.00 to $90.00 and gave the company a "neutral" rating in a report on Thursday, May 8th. Eight research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, Q2 has a consensus rating of "Moderate Buy" and an average target price of $98.80.

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.