Q2 Holdings, Inc. (QTWO) Stake Lifted by Neuberger Berman Group LLC
Neuberger Berman Group LLC lifted its position in Q2 Holdings, Inc. (NYSE:QTWO) by 66.7% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 37,500 shares of the technology company’s stock after purchasing an additional 15,000 shares during the period. Neuberger Berman Group LLC owned about 0.09% of Q2 Holdings worth $1,386,000 as of its most recent SEC filing.
Several other institutional investors have also recently modified their holdings of QTWO. Dubuque Bank & Trust Co. bought a new position in shares of Q2 Holdings in the second quarter worth approximately $102,000. SG Americas Securities LLC bought a new stake in Q2 Holdings in the first quarter valued at $109,000. BNP Paribas Arbitrage SA boosted its holdings in Q2 Holdings by 2,468.1% in the second quarter. BNP Paribas Arbitrage SA now owns 3,467 shares of the technology company’s stock valued at $128,000 after acquiring an additional 3,332 shares in the last quarter. Sei Investments Co. boosted its holdings in Q2 Holdings by 36.9% in the second quarter. Sei Investments Co. now owns 3,557 shares of the technology company’s stock valued at $131,000 after acquiring an additional 959 shares in the last quarter. Finally, Aberdeen Asset Management PLC UK bought a new stake in Q2 Holdings in the first quarter valued at $204,000. Hedge funds and other institutional investors own 92.74% of the company’s stock.
Several analysts recently weighed in on the stock. Zacks Investment Research upgraded shares of Q2 Holdings from a “hold” rating to a “buy” rating and set a $42.00 price target on the stock in a report on Wednesday, August 9th. ValuEngine upgraded shares of Q2 Holdings from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. SunTrust Banks, Inc. assumed coverage on shares of Q2 Holdings in a report on Monday, June 26th. They issued a “buy” rating and a $45.00 price target on the stock. Canaccord Genuity reiterated a “buy” rating and issued a $43.00 price target on shares of Q2 Holdings in a report on Tuesday, August 1st. Finally, KeyCorp reiterated a “hold” rating on shares of Q2 Holdings in a report on Wednesday, September 13th. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $42.13.
Q2 Holdings, Inc. (NYSE:QTWO) opened at 40.20 on Monday. The stock’s market cap is $1.66 billion. The firm’s 50-day moving average price is $39.33 and its 200 day moving average price is $37.89. Q2 Holdings, Inc. has a 12 month low of $25.23 and a 12 month high of $41.70.
In related news, insider Adam D. Blue sold 35,000 shares of the firm’s stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $39.67, for a total transaction of $1,388,450.00. Following the sale, the insider now owns 75,805 shares of the company’s stock, valued at $3,007,184.35. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider William M. Furrer sold 20,000 shares of the firm’s stock in a transaction dated Monday, July 3rd. The shares were sold at an average price of $36.63, for a total value of $732,600.00. Following the sale, the insider now directly owns 55,916 shares in the company, valued at approximately $2,048,203.08. The disclosure for this sale can be found here. Insiders have sold a total of 327,908 shares of company stock worth $12,416,257 in the last three months. Corporate insiders own 24.50% of the company’s stock.
About Q2 Holdings
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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