Nationwide Fund Advisors decreased its position in Q2 Holdings, Inc. (NYSE:QTWO) by 0.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 239,006 shares of the technology company’s stock after selling 1,166 shares during the period. Nationwide Fund Advisors owned about 0.58% of Q2 Holdings worth $8,831,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the company. Ameriprise Financial Inc. boosted its holdings in Q2 Holdings by 7.3% during the second quarter. Ameriprise Financial Inc. now owns 256,915 shares of the technology company’s stock worth $9,493,000 after buying an additional 17,413 shares in the last quarter. TIAA CREF Investment Management LLC boosted its holdings in Q2 Holdings by 21.8% during the second quarter. TIAA CREF Investment Management LLC now owns 84,200 shares of the technology company’s stock worth $3,111,000 after buying an additional 15,081 shares in the last quarter. Teachers Advisors LLC boosted its holdings in Q2 Holdings by 21.5% during the second quarter. Teachers Advisors LLC now owns 56,318 shares of the technology company’s stock worth $2,081,000 after buying an additional 9,966 shares in the last quarter. Hennessy Advisors Inc. purchased a new stake in Q2 Holdings during the second quarter worth about $924,000. Finally, AXA boosted its holdings in Q2 Holdings by 20.9% during the second quarter. AXA now owns 81,000 shares of the technology company’s stock worth $2,993,000 after buying an additional 14,000 shares in the last quarter. 92.74% of the stock is currently owned by institutional investors and hedge funds.

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Q2 Holdings, Inc. (NYSE:QTWO) opened at 40.95 on Thursday. The firm’s market cap is $1.69 billion. Q2 Holdings, Inc. has a 52-week low of $25.23 and a 52-week high of $41.70. The stock has a 50 day moving average of $39.38 and a 200-day moving average of $37.99.

In related news, insider William M. Furrer sold 20,000 shares of the firm’s stock in a transaction that occurred on Monday, July 3rd. The shares were sold at an average price of $36.63, for a total transaction of $732,600.00. Following the transaction, the insider now owns 55,916 shares of the company’s stock, valued at $2,048,203.08. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director R. H. Seale sold 25,000 shares of the firm’s stock in a transaction that occurred on Wednesday, July 5th. The shares were sold at an average price of $36.93, for a total transaction of $923,250.00. Following the transaction, the director now directly owns 383,903 shares in the company, valued at approximately $14,177,537.79. The disclosure for this sale can be found here. Insiders sold 327,908 shares of company stock valued at $12,455,857 over the last three months. 24.50% of the stock is owned by insiders.

QTWO has been the topic of a number of research analyst reports. SunTrust Banks, Inc. initiated coverage on shares of Q2 Holdings in a report on Monday, June 26th. They set a “buy” rating and a $45.00 price objective on the stock. 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 report on Wednesday, August 9th. Canaccord Genuity reissued a “buy” rating and set a $43.00 price objective on shares of Q2 Holdings in a report on Tuesday, August 1st. ValuEngine raised shares of Q2 Holdings from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. Finally, KeyCorp reissued a “hold” rating on shares of Q2 Holdings in a report on Wednesday, September 13th. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Q2 Holdings has a consensus rating of “Buy” and an average 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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Institutional Ownership by Quarter for Q2 Holdings (NYSE:QTWO)

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