Victory Capital Management Inc. Has $21.40 Million Stock Position in Q2 Holdings, Inc. $QTWO

Key Points

• Victory Capital trimmed its stake in Q2 by 13.6%, holding 295,677 shares (about 0.47% of the company) worth roughly $21.4 million after selling 46,726 shares in Q3.
• Major insider selling has occurred recently — insiders disposed of 406,827 shares (~$20.96M) in the past 90 days, including CEO Matthew Flake (91,590 shares) and CFO Jonathan Price (32,156 shares), leaving insiders with about 3% ownership.
• Analysts maintain a consensus of "Moderate Buy" with an average target of $79.29 while QTWO trades near $52.75 and sits below its 50‑day ($60.06) and 200‑day ($67.64) moving averages.

Victory Capital Management Inc. lowered its stake in Q2 Holdings, Inc. (NYSE:QTWO - Free Report) by 13.6% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 295,677 shares of the technology company's stock after selling 46,726 shares during the quarter. Victory Capital Management Inc. owned about 0.47% of Q2 worth $21,404,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Principal Financial Group Inc. boosted its stake in Q2 by 502.5% in the 3rd quarter. Principal Financial Group Inc. now owns 301,917 shares of the technology company's stock worth $21,856,000 after purchasing an additional 251,807 shares during the period. Campbell & CO Investment Adviser LLC acquired a new stake in shares of Q2 in the 3rd quarter valued at about $1,559,000. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of Q2 by 15.0% in the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 158,328 shares of the technology company's stock valued at $14,818,000 after purchasing an additional 20,643 shares in the last quarter. Federated Hermes Inc. lifted its holdings in shares of Q2 by 5.5% in the third quarter. Federated Hermes Inc. now owns 788,374 shares of the technology company's stock valued at $57,070,000 after purchasing an additional 41,229 shares in the last quarter. Finally, Thrivent Financial for Lutherans boosted its position in shares of Q2 by 53.5% during the third quarter. Thrivent Financial for Lutherans now owns 46,658 shares of the technology company's stock worth $3,378,000 after buying an additional 16,263 shares during the period.

Insider Buying and Selling at Q2

In other Q2 news, CEO Matthew P. Flake sold 91,590 shares of the company's stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $49.75, for a total transaction of $4,556,602.50. Following the sale, the chief executive officer directly owned 503,815 shares of the company's stock, valued at approximately $25,064,796.25. This represents a 15.38% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Jonathan Price sold 32,156 shares of the stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $49.75, for a total transaction of $1,599,761.00. Following the completion of the sale, the chief financial officer owned 197,135 shares of the company's stock, valued at approximately $9,807,466.25. This represents a 14.02% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 406,827 shares of company stock valued at $20,962,280 in the last 90 days. Company insiders own 3.00% of the company's stock.

Q2 Stock Down 0.2%

QTWO stock opened at $52.75 on Tuesday. The company has a market cap of $3.29 billion, a price-to-earnings ratio of 66.78 and a beta of 1.40. Q2 Holdings, Inc. has a twelve month low of $46.16 and a twelve month high of $96.68. The business has a 50 day moving average price of $60.06 and a two-hundred day moving average price of $67.64.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on QTWO shares. Morgan Stanley set a $68.00 target price on Q2 in a research report on Thursday, February 12th. Stephens set a $90.00 price target on Q2 in a research report on Friday, January 16th. Stifel Nicolaus set a $75.00 price target on shares of Q2 in a research note on Thursday, February 12th. Truist Financial cut their price objective on shares of Q2 from $110.00 to $75.00 and set a "buy" rating on the stock in a research report on Thursday, February 12th. Finally, Royal Bank Of Canada reduced their target price on shares of Q2 from $86.00 to $67.00 and set a "sector perform" rating for the company in a report on Thursday, February 12th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and five have issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $79.29.

Key Headlines Impacting Q2

Here are the key news stories impacting Q2 this week:

• Neutral Sentiment: Recent price/technical context: QTWO trades well below its 50‑day ($60.06) and 200‑day ($67.64) moving averages, with a market cap around $3.3B — framing the insider sales against a stock already in a lower trading range. MarketBeat QTWO page
• Negative Sentiment: Michael S. Kerr (General Counsel) sold a total of ~12,375 shares across March 5 and March 9 for roughly $638k, reducing his holdings; the trades were disclosed to the SEC. Kerr SEC filing
• Negative Sentiment: John E. Breeden reported large sales: ~74,783 shares sold on March 5 and March 9 for about $3.87M total (including a ~43% reduction reported on March 5), materially trimming his stake. Breeden SEC filing
• Negative Sentiment: Kimberly A. Rutledge sold ~25,288 shares across March 5 and March 9 for roughly $1.31M, representing a notable ownership reduction disclosed in the SEC filing. Rutledge SEC filing

About Q2

Q2 Holdings, Inc develops and delivers cloud-based digital banking solutions that enable banks and credit unions to enhance customer and member experiences. The company's core offerings include the Q2 Platform, a comprehensive suite of online and mobile banking applications for retail and commercial customers, as well as digital onboarding, payments, and fraud prevention tools. Q2's platform also provides analytics and reporting capabilities designed to help financial institutions tailor products, optimize workflows, and drive engagement.

Founded in 2004 and headquartered in Austin, Texas, Q2 serves hundreds of financial institutions across the United States and Canada.

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