Q2 Holdings, Inc. (NYSE:QTWO) Director R. H. Seale sold 8,000 shares of the business’s stock in a transaction on Thursday, October 5th. The shares were sold at an average price of $41.03, for a total transaction of $328,240.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Q2 Holdings, Inc. (NYSE QTWO) traded up 1.21% during midday trading on Friday, reaching $41.75. 105,143 shares of the company’s stock traded hands. Q2 Holdings, Inc. has a 12 month low of $25.23 and a 12 month high of $42.90. The stock’s market cap is $1.72 billion. The stock has a 50 day moving average of $40.52 and a 200-day moving average of $38.43.
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Several institutional investors have recently added to or reduced their stakes in QTWO. Columbia Wanger Asset Management LLC lifted its stake in shares of Q2 Holdings by 241.4% in the first quarter. Columbia Wanger Asset Management LLC now owns 1,005,436 shares of the technology company’s stock valued at $35,039,000 after buying an additional 710,954 shares in the last quarter. OppenheimerFunds Inc. bought a new position in shares of Q2 Holdings in the first quarter valued at $21,406,000. Franklin Resources Inc. lifted its stake in shares of Q2 Holdings by 55.6% in the second quarter. Franklin Resources Inc. now owns 1,502,687 shares of the technology company’s stock valued at $55,523,000 after buying an additional 536,772 shares in the last quarter. Penn Capital Management Co. Inc. lifted its stake in shares of Q2 Holdings by 3,059.9% in the second quarter. Penn Capital Management Co. Inc. now owns 303,822 shares of the technology company’s stock valued at $11,243,000 after buying an additional 294,207 shares in the last quarter. Finally, Marshall Wace North America L.P. bought a new position in shares of Q2 Holdings in the first quarter valued at $8,395,000. 92.74% of the stock is currently owned by hedge funds and other institutional investors.
Several equities research analysts recently commented on QTWO shares. Zacks Investment Research raised shares of Q2 Holdings from a “hold” rating to a “buy” rating and set a $42.00 price objective on the stock in a research report on Wednesday, August 9th. Canaccord Genuity reaffirmed a “buy” rating and issued a $43.00 price objective on shares of Q2 Holdings in a research report on Tuesday, August 1st. SunTrust Banks, Inc. started coverage on shares of Q2 Holdings in a research report on Monday, June 26th. They issued a “buy” rating and a $45.00 price objective on the stock. BidaskClub raised shares of Q2 Holdings from a “hold” rating to a “buy” rating in a research report on Tuesday. Finally, KeyCorp reaffirmed a “hold” rating on shares of Q2 Holdings in a research report on Wednesday, September 13th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and eight have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $42.13.
Q2 Holdings Company Profile
Q2 Holdings, Inc is a provider of cloud-based digital banking solutions. The Company enables regional and community financial institutions (RCFIs), to deliver a suite of integrated digital banking services. The Company’s solutions all operate on a common platform that supports the delivery of unified digital banking services across online, mobile and voice channels.
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