Q2 Holdings, Inc. (QTWO) Position Held by Great West Life Assurance Co. Can
Great West Life Assurance Co. Can maintained its position in shares of Q2 Holdings, Inc. (NYSE:QTWO) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 3,161 shares of the technology company’s stock at the close of the 2nd quarter. Great West Life Assurance Co. Can’s holdings in Q2 Holdings were worth $116,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. UBS Asset Management Americas Inc. bought a new stake in Q2 Holdings during the first quarter worth about $431,000. Renaissance Technologies LLC bought a new stake in Q2 Holdings during the first quarter worth about $2,649,000. OppenheimerFunds Inc. bought a new stake in Q2 Holdings during the first quarter worth about $21,406,000. Vanguard Group Inc. raised its holdings in Q2 Holdings by 7.7% during the first quarter. Vanguard Group Inc. now owns 1,232,160 shares of the technology company’s stock worth $42,941,000 after acquiring an additional 87,771 shares in the last quarter. Finally, OMERS ADMINISTRATION Corp bought a new stake in Q2 Holdings during the first quarter worth about $349,000. Institutional investors and hedge funds own 92.74% of the company’s stock.
In other Q2 Holdings news, Director Carl James Schaper sold 20,000 shares of Q2 Holdings stock in a transaction that occurred on Monday, June 26th. The shares were sold at an average price of $37.43, for a total transaction of $748,600.00. Following the transaction, the director now owns 44,247 shares of the company’s stock, valued at approximately $1,656,165.21. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, President Odus Edward Wittenburg, Jr. sold 21,250 shares of Q2 Holdings stock in a transaction that occurred on Wednesday, August 23rd. The stock was sold at an average price of $39.89, for a total transaction of $847,662.50. Following the transaction, the president now directly owns 75,660 shares in the company, valued at approximately $3,018,077.40. The disclosure for this sale can be found here. In the last three months, insiders have sold 327,908 shares of company stock worth $12,416,257. Insiders own 24.50% of the company’s stock.
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Q2 Holdings, Inc. (NYSE:QTWO) opened at 39.90 on Tuesday. The firm’s market cap is $1.65 billion. The firm’s 50-day moving average price is $39.36 and its 200-day moving average price is $37.96. Q2 Holdings, Inc. has a 12 month low of $25.23 and a 12 month high of $41.70.
QTWO has been the topic of several analyst reports. Zacks Investment Research upgraded Q2 Holdings from a “hold” rating to a “buy” rating and set a $42.00 target price on the stock in a report on Wednesday, August 9th. Canaccord Genuity reiterated a “buy” rating and set a $43.00 target price on shares of Q2 Holdings in a report on Tuesday, August 1st. SunTrust Banks, Inc. initiated coverage on Q2 Holdings in a report on Monday, June 26th. They set a “buy” rating and a $45.00 target price on the stock. KeyCorp reiterated a “hold” rating on shares of Q2 Holdings in a report on Wednesday, September 13th. Finally, ValuEngine upgraded Q2 Holdings from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $42.13.
Q2 Holdings 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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