New York State Common Retirement Fund lifted its holdings in Q2 Holdings, Inc. (NYSE:QTWO) by 38.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 466,517 shares of the technology company’s stock after buying an additional 128,521 shares during the quarter. New York State Common Retirement Fund owned approximately 1.13% of Q2 Holdings worth $17,238,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in QTWO. Adams Street Partners LLC increased its stake in shares of Q2 Holdings by 0.4% in the 2nd quarter. Adams Street Partners LLC now owns 3,443,275 shares of the technology company’s stock worth $127,060,000 after acquiring an additional 14,808 shares in the last quarter. JPMorgan Chase & Co. lifted its position in Q2 Holdings by 6.9% during the 2nd quarter. JPMorgan Chase & Co. now owns 2,943,396 shares of the technology company’s stock valued at $108,759,000 after acquiring an additional 190,171 shares during the period. Franklin Resources Inc. lifted its position in Q2 Holdings by 55.6% during the 2nd quarter. Franklin Resources Inc. now owns 1,502,687 shares of the technology company’s stock valued at $55,523,000 after acquiring an additional 536,772 shares during the period. Gilder Gagnon Howe & Co. LLC lifted its position in Q2 Holdings by 7.8% during the 2nd quarter. Gilder Gagnon Howe & Co. LLC now owns 1,410,134 shares of the technology company’s stock valued at $52,104,000 after acquiring an additional 101,616 shares during the period. Finally, Vanguard Group Inc. lifted its position in Q2 Holdings by 7.7% during the 1st quarter. Vanguard Group Inc. now owns 1,232,160 shares of the technology company’s stock valued at $42,941,000 after acquiring an additional 87,771 shares during the period. 92.74% of the stock is currently owned by hedge funds and other institutional investors.

Q2 Holdings, Inc. (NYSE QTWO) opened at 41.65 on Monday. Q2 Holdings, Inc. has a one year low of $25.23 and a one year high of $41.80. The firm has a 50-day moving average of $39.38 and a 200 day moving average of $37.99. The stock’s market capitalization is $1.72 billion.

A number of brokerages have weighed in on QTWO. Zacks Investment Research cut shares of Q2 Holdings from a “buy” rating to a “hold” rating in a report on Thursday, August 10th. KeyCorp reiterated a “hold” rating on shares of Q2 Holdings in a report on Wednesday, September 13th. 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. Finally, SunTrust Banks, Inc. began coverage on Q2 Holdings in a research report on Monday, June 26th. They issued a “buy” rating and a $45.00 price target on the stock. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $42.13.

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In other news, President Odus Edward Wittenburg, Jr. sold 21,250 shares of the stock in a transaction 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 completion of the sale, the president now owns 75,660 shares in the company, valued at approximately $3,018,077.40. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director R. H. Seale sold 30,000 shares of the stock in a transaction on Thursday, July 6th. The shares were sold at an average price of $36.53, for a total value of $1,095,900.00. Following the sale, the director now owns 383,903 shares of the company’s stock, valued at approximately $14,023,976.59. The disclosure for this sale can be found here. Insiders sold 307,908 shares of company stock valued at $11,723,257 over the last quarter. 24.50% of the stock is currently owned by corporate insiders.

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.

Institutional Ownership by Quarter for Q2 Holdings (NYSE:QTWO)

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