Russell Investments Group Ltd. Has $3.55 Million Stock Holdings in Q2 Holdings, Inc. $QTWO

Key Points

• Russell Investments Group Ltd. increased its stake in Q2 Holdings, acquiring an additional 10,858 shares and raising its ownership to a total of 44,347 shares valued at approximately $3.55 million.
• Insider trading activity saw Director James Offerdahl selling 786 shares for about $58,281.90, while CRO Michael A. Volanoski sold 1,428 shares worth $126,920.64.
• Analysts have a consensus rating of "Moderate Buy" for Q2 Holdings, with target prices ranging from $90.00 to $115.00, reflecting a positive outlook amidst recent price movements.

Russell Investments Group Ltd. boosted its holdings in Q2 Holdings, Inc. (NYSE:QTWO - Free Report) by 32.4% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 44,347 shares of the technology company's stock after purchasing an additional 10,858 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.07% of Q2 worth $3,548,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Xponance Inc. boosted its holdings in Q2 by 5.1% in the first quarter. Xponance Inc. now owns 4,576 shares of the technology company's stock valued at $366,000 after purchasing an additional 224 shares during the last quarter. Mutual of America Capital Management LLC boosted its holdings in Q2 by 0.6% in the first quarter. Mutual of America Capital Management LLC now owns 42,820 shares of the technology company's stock valued at $3,426,000 after purchasing an additional 248 shares during the last quarter. Summit Global Investments boosted its holdings in Q2 by 2.6% in the first quarter. Summit Global Investments now owns 9,902 shares of the technology company's stock valued at $792,000 after purchasing an additional 255 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in Q2 by 10.0% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 2,861 shares of the technology company's stock valued at $229,000 after purchasing an additional 259 shares during the last quarter. Finally, NewEdge Advisors LLC boosted its holdings in 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 during the last quarter.

Insider Transactions at Q2

In other news, insider John E. Breeden sold 6,105 shares of the business's stock in a transaction on Monday, August 18th. The stock was sold at an average price of $75.27, for a total value of $459,523.35. Following the sale, the insider owned 149,643 shares of the company's stock, valued at approximately $11,263,628.61. The trade was a 3.92% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director James Offerdahl sold 786 shares of Q2 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 owned 17,792 shares in the company, valued at $1,319,276.80. This represents a 4.23% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 9,485 shares of company stock valued at $750,307. Corporate insiders own 0.31% of the company's stock.

Q2 Price Performance

NYSE:QTWO traded up $0.01 during midday trading on Friday, reaching $78.84. 727,684 shares of the company traded hands, compared to its average volume of 1,012,715. Q2 Holdings, Inc. has a twelve month low of $63.61 and a twelve month high of $112.82. The firm has a market capitalization of $4.92 billion, a price-to-earnings ratio of 1,577.02 and a beta of 1.47. The company has a fifty day moving average price of $85.09 and a 200 day moving average price of $83.66.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Needham & Company LLC increased their price target on Q2 from $110.00 to $115.00 and gave the company a "buy" rating in a report on Thursday, July 31st. Wall Street Zen downgraded Q2 from a "strong-buy" rating to a "buy" rating in a report on Sunday, June 8th. Royal Bank Of Canada increased their target price on Q2 from $101.00 to $102.00 and gave the stock a "sector perform" rating in a report on Thursday, July 31st. Zacks Research raised Q2 to a "strong-buy" rating in a report on Friday, August 8th. Finally, Robert W. Baird increased their target price on Q2 from $84.00 to $90.00 and gave the stock a "neutral" rating in a report on Thursday, May 8th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat, Q2 presently has a consensus rating of "Moderate Buy" and a consensus price target of $102.25.

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.