Vanguard Group Inc. Has $556.83 Million Stock Holdings in Q2 Holdings, Inc. (NYSE:QTWO)

Vanguard Group Inc. lessened its holdings in shares of Q2 Holdings, Inc. (NYSE:QTWO - Free Report) by 0.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor 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 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the business. Summit Investment Advisors Inc. lifted its stake in Q2 by 3.3% in the 4th quarter. Summit Investment Advisors Inc. now owns 6,156 shares of the technology company's stock valued at $620,000 after acquiring an additional 195 shares in the last quarter. Xponance Inc. lifted its stake in Q2 by 5.1% in the 1st quarter. Xponance Inc. now owns 4,576 shares of the technology company's stock valued at $366,000 after acquiring an additional 224 shares in the last quarter. Mutual of America Capital Management LLC lifted its stake in Q2 by 0.6% in the 1st quarter. Mutual of America Capital Management LLC now owns 42,820 shares of the technology company's stock valued at $3,426,000 after acquiring an additional 248 shares in the last quarter. Summit Global Investments lifted its stake in Q2 by 2.6% in the 1st quarter. Summit Global Investments now owns 9,902 shares of the technology company's stock valued at $792,000 after acquiring an additional 255 shares in the last quarter. Finally, NewEdge Advisors LLC lifted its stake in 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.

Q2 Stock Down 0.3%

Shares of QTWO stock traded down $0.25 during trading on Friday, reaching $74.55. 737,583 shares of the company's stock were exchanged, compared to its average volume of 955,870. The stock has a market capitalization of $4.65 billion, a PE ratio of 1,491.30 and a beta of 1.47. Q2 Holdings, Inc. has a twelve month low of $63.61 and a twelve month high of $112.82. The firm's fifty day moving average price is $87.35 and its 200-day moving average price is $84.79.

Insider Buying and Selling

In related news, CRO Michael A. Volanoski sold 1,428 shares of the business's stock in a transaction that occurred 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 transaction, the executive directly owned 175,812 shares of the company's stock, valued at approximately $15,626,170.56. The trade was a 0.81% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director James Offerdahl sold 1,000 shares of the business's stock in a transaction that occurred on Thursday, May 22nd. The stock was sold at an average price of $87.77, for a total value of $87,770.00. Following the transaction, the director directly owned 16,241 shares in the company, valued at $1,425,472.57. The trade was a 5.80% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 4,380 shares of company stock worth $378,554 over the last three months. 0.31% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities research analysts have commented on the company. Wall Street Zen cut Q2 from a "strong-buy" rating to a "buy" rating in a research note on Sunday, June 8th. Morgan Stanley boosted their target price on Q2 from $89.00 to $93.00 and gave the company an "equal weight" rating in a research note on Thursday, May 8th. Cantor Fitzgerald assumed coverage on Q2 in a research note on Tuesday, June 3rd. They issued an "overweight" rating and a $110.00 target price on the stock. JPMorgan Chase & Co. assumed coverage on Q2 in a research note on Wednesday, June 18th. They issued an "overweight" rating and a $115.00 target price on the stock. Finally, Needham & Company LLC boosted their price target on Q2 from $110.00 to $115.00 and gave the stock a "buy" rating in a research report on Thursday, July 31st. Eight research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $101.06.

Q2 Company 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.