Vanguard Group Inc. Lowers Holdings in Q2 Holdings, Inc. $QTWO

Key Points

• Vanguard Group Inc. reduced its stake in Q2 Holdings, Inc. by 0.1% during the first quarter, owning approximately 11.17% of the company, valued at $556.83 million at the end of the quarter.
• Q2 Holdings, Inc. shares traded at $74.55, reflecting a 0.3% decline, with a market capitalization of $4.65 billion.
• Analysts have given Q2 Holdings a mixed outlook, with eight holding a "hold" rating, eleven a "buy" rating, and one a "strong buy," along with an average price target of $101.06.

Vanguard Group Inc. cut its stake in Q2 Holdings, Inc. (NYSE:QTWO - Free Report) by 0.1% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,959,454 shares of the technology company's stock after selling 4,258 shares during the period. Vanguard Group Inc. owned approximately 11.17% of Q2 worth $556,826,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the company. Versant Capital Management Inc bought a new stake in shares of Q2 during the first quarter worth $33,000. NewEdge Advisors LLC grew its holdings in shares of Q2 by 269.6% in the 4th quarter. NewEdge Advisors LLC now owns 377 shares of the technology company's stock valued at $38,000 after acquiring an additional 275 shares in the last quarter. Larson Financial Group LLC raised its position in Q2 by 2,630.0% during the first quarter. Larson Financial Group LLC now owns 546 shares of the technology company's stock worth $44,000 after acquiring an additional 526 shares in the last quarter. TCTC Holdings LLC raised its stake in Q2 by 103.1% in the 1st quarter. TCTC Holdings LLC now owns 597 shares of the technology company's stock valued at $48,000 after acquiring an additional 303 shares during the period. Finally, Transce3nd LLC bought a new stake in Q2 in the 4th quarter valued at $98,000.

Q2 Trading Down 0.6%

Shares of NYSE:QTWO traded down $0.48 during trading on Tuesday, reaching $75.23. The company's stock had a trading volume of 60,437 shares, compared to its average volume of 707,412. The stock has a market capitalization of $4.70 billion, a PE ratio of 1,510.66 and a beta of 1.47. The firm's 50 day simple moving average is $87.04 and its two-hundred day simple moving average is $84.57. Q2 Holdings, Inc. has a 12 month low of $63.61 and a 12 month high of $112.82.

Insider Buying and Selling at Q2

In other Q2 news, Director James Offerdahl sold 786 shares of the business's stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $74.15, for a total value of $58,281.90. Following the completion of the sale, the director directly owned 17,792 shares of the company's stock, valued at $1,319,276.80. The trade was a 4.23% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CRO Michael A. Volanoski sold 1,428 shares of the stock in a transaction dated Thursday, June 12th. The stock was sold at an average price of $88.88, for a total transaction of $126,920.64. Following the transaction, the executive owned 175,812 shares in the company, valued at approximately $15,626,170.56. The trade was a 0.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 4,380 shares of company stock valued at $378,554. Corporate insiders own 0.31% of the company's stock.

Analyst Upgrades and Downgrades

QTWO has been the subject of a number of research analyst reports. Raymond James Financial lowered their price objective on shares of Q2 from $110.00 to $105.00 and set an "outperform" rating for the company in a research report on Thursday, May 8th. Wall Street Zen cut Q2 from a "strong-buy" rating to a "buy" rating in a research note on Sunday, June 8th. Zacks Research raised shares of Q2 to a "strong-buy" rating in a research note on Friday, August 8th. Royal Bank Of Canada boosted their price objective on shares of Q2 from $101.00 to $102.00 and gave the company a "sector perform" rating in a research report on Thursday, July 31st. Finally, Robert W. Baird upped their price target on Q2 from $84.00 to $90.00 and gave the stock a "neutral" rating in a research note on Thursday, May 8th. Eight analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Q2 currently has an average rating of "Moderate Buy" and a consensus price target of $101.06.

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.