Axiom Investors LLC DE Sells 122,345 Shares of Q2 Holdings, Inc. $QTWO

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 reduced its holdings in Q2 Holdings, Inc. (NYSE:QTWO - Free Report) by 52.0% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 113,105 shares of the technology company's stock after selling 122,345 shares during the quarter. Axiom Investors LLC DE owned approximately 0.18% of Q2 worth $9,050,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Rhumbline Advisers increased its position in Q2 by 6.9% in 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 acquired a new stake in shares of Q2 during the fourth quarter worth $140,000. SG Americas Securities LLC increased 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 during the period. Asset Management One Co. Ltd. increased its position in shares of Q2 by 31.0% during the first quarter. Asset Management One Co. Ltd. now owns 2,445 shares of the technology company's stock worth $196,000 after buying an additional 578 shares during the period. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of Q2 during the first quarter worth $2,864,000.

Insider Buying and Selling at Q2

In other Q2 news, Director James Offerdahl sold 786 shares of the firm's stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $74.15, for a total value of $58,281.90. Following the transaction, the director directly 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider John E. Breeden sold 6,105 shares of the firm's stock in a transaction on Monday, August 18th. The shares were sold at an average price of $75.27, for a total transaction of $459,523.35. Following the completion of the transaction, the insider directly owned 149,643 shares in the company, valued at $11,263,628.61. This trade represents a 3.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.31% of the stock is owned by corporate insiders.

Analyst Ratings Changes

QTWO has been the subject of several recent analyst reports. Wall Street Zen cut shares of Q2 from a "strong-buy" rating to a "buy" rating in a research report on Sunday, June 8th. Zacks Research upgraded shares of Q2 to a "strong-buy" rating in a research report on Friday, August 8th. JPMorgan Chase & Co. initiated coverage on shares of Q2 in a research report on Wednesday, June 18th. They set an "overweight" rating and a $115.00 price objective for the company. Royal Bank Of Canada increased their price objective on shares of Q2 from $101.00 to $102.00 and gave the stock a "sector perform" rating in a research report on Thursday, July 31st. Finally, Cantor Fitzgerald began coverage on shares of Q2 in a research report on Tuesday, June 3rd. They set an "overweight" rating and a $110.00 price objective for the company. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat, Q2 has an average rating of "Moderate Buy" and an average price target of $102.25.

Q2 Trading Down 0.6%

NYSE QTWO traded down $0.49 on Friday, hitting $82.23. 890,214 shares of the company were exchanged, compared to its average volume of 914,892. The company has a market cap of $5.13 billion, a PE ratio of 1,644.93 and a beta of 1.49. Q2 Holdings, Inc. has a 12 month low of $63.61 and a 12 month high of $112.82. The stock has a fifty day moving average of $82.51 and a 200-day moving average of $82.99.

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.