Q2 Holdings, Inc. $QTWO Shares Sold by Axiom Investors LLC DE

Key Points

• Axiom Investors LLC DE reduced its stake in Q2 Holdings, Inc. by 52.0% during the first quarter, now owning approximately 0.18% of the company.
• Several analysts have given Q2 Holdings varying ratings, with an average target price of $102.25 and a consensus rating of "Moderate Buy."
• The stock opened at $78.91 and has seen a 12-month high of $112.82, indicating fluctuations in its market performance.

Axiom Investors LLC DE lowered its stake in shares of Q2 Holdings, Inc. (NYSE:QTWO - Free Report) by 52.0% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 113,105 shares of the technology company's stock after selling 122,345 shares during the period. Axiom Investors LLC DE owned approximately 0.18% of Q2 worth $9,050,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Rhumbline Advisers increased its stake in Q2 by 6.9% during the 1st quarter. Rhumbline Advisers now owns 87,324 shares of the technology company's stock worth $6,987,000 after buying an additional 5,672 shares during the period. Public Employees Retirement System of Ohio bought a new position in shares of Q2 in the fourth quarter valued at approximately $140,000. SG Americas Securities LLC boosted its holdings in 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. Asset Management One Co. Ltd. lifted its position in shares of Q2 by 31.0% in the 1st quarter. Asset Management One Co. Ltd. now owns 2,445 shares of the technology company's stock valued at $196,000 after acquiring an additional 578 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of Q2 in the 1st quarter valued at approximately $2,864,000.

Analysts Set New Price Targets

Several research analysts have recently commented on the stock. JPMorgan Chase & Co. initiated coverage on shares of Q2 in a research note on Wednesday, June 18th. They set an "overweight" rating and a $115.00 price target on the stock. Zacks Research raised shares of Q2 to a "strong-buy" rating in a research note on Friday, August 8th. Cantor Fitzgerald began coverage on shares of Q2 in a report on Tuesday, June 3rd. They set an "overweight" rating and a $110.00 price objective for the company. Wall Street Zen lowered shares of Q2 from a "strong-buy" rating to a "buy" rating in a research report on Sunday, June 8th. Finally, Needham & Company LLC upped their price target 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. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat.com, Q2 has an average rating of "Moderate Buy" and an average target price of $102.25.

Q2 Stock Up 2.1%

Shares of QTWO opened at $78.91 on Monday. The business's 50-day moving average price is $83.47 and its 200-day moving average price is $83.05. The stock has a market cap of $4.93 billion, a PE ratio of 1,578.42 and a beta of 1.49. Q2 Holdings, Inc. has a twelve month low of $63.61 and a twelve month high of $112.82.

Insider Buying and Selling at Q2

In other Q2 news, CRO Michael A. Volanoski sold 1,428 shares of the firm's stock in a transaction 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 completion of the transaction, the executive owned 175,812 shares of the company's stock, valued at approximately $15,626,170.56. This trade represents a 0.81% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director James Offerdahl sold 786 shares of Q2 stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $74.15, for a total value of $58,281.90. Following the completion of the sale, the director owned 17,792 shares of the company's stock, valued at $1,319,276.80. The trade was a 4.23% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 9,485 shares of company stock valued at $750,307. 3.00% of the stock is currently owned by company insiders.

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.

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