Artisan Partners Limited Partnership boosted its position in Q2 Holdings, Inc. (NYSE:QTWO) by 4.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,648,424 shares of the technology company’s stock after purchasing an additional 77,433 shares during the period. Artisan Partners Limited Partnership owned approximately 3.96% of Q2 worth $68,657,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently made changes to their positions in QTWO. Ameritas Investment Partners Inc. lifted its stake in Q2 by 38.1% in the second quarter. Ameritas Investment Partners Inc. now owns 2,751 shares of the technology company’s stock worth $102,000 after purchasing an additional 759 shares during the last quarter. Oppenheimer Asset Management Inc. increased its position in shares of Q2 by 16,455.6% during the second quarter. Oppenheimer Asset Management Inc. now owns 2,980 shares of the technology company’s stock worth $110,000 after acquiring an additional 2,962 shares during the period. Pacad Investment Ltd. purchased a new position in shares of Q2 during the second quarter worth approximately $111,000. BNP Paribas Arbitrage SA increased its position in shares of Q2 by 2,468.1% during the second quarter. BNP Paribas Arbitrage SA now owns 3,467 shares of the technology company’s stock worth $128,000 after acquiring an additional 3,332 shares during the period. Finally, Sei Investments Co. increased its position in shares of Q2 by 36.9% during the second quarter. Sei Investments Co. now owns 3,557 shares of the technology company’s stock worth $131,000 after acquiring an additional 959 shares during the period. 91.41% of the stock is owned by institutional investors and hedge funds.

QTWO has been the topic of a number of research reports. Zacks Investment Research raised shares of Q2 from a “hold” rating to a “buy” rating and set a $42.00 target price on the stock in a research report on Wednesday, August 9th. BidaskClub raised shares of Q2 from a “hold” rating to a “buy” rating in a research report on Sunday, October 15th. Needham & Company LLC reaffirmed a “buy” rating and set a $48.00 target price on shares of Q2 in a research report on Friday, November 3rd. SunTrust Banks reaffirmed a “buy” rating on shares of Q2 in a research report on Friday, November 3rd. Finally, BTIG Research reaffirmed a “buy” rating and set a $47.00 target price on shares of Q2 in a research report on Sunday, November 5th. Six investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $44.90.

In other Q2 news, Director Carl James Schaper sold 20,000 shares of the firm’s stock in a transaction that occurred on Monday, September 25th. The shares were sold at an average price of $39.41, for a total value of $788,200.00. Following the completion of the sale, the director now directly owns 44,172 shares in the company, valued at $1,740,818.52. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Jennifer Noel Harris sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $40.49, for a total transaction of $404,900.00. Following the completion of the sale, the chief financial officer now owns 74,575 shares of the company’s stock, valued at $3,019,541.75. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,001,575 shares of company stock worth $41,541,893. 24.50% of the stock is currently owned by corporate insiders.

Shares of Q2 Holdings, Inc. (NYSE:QTWO) traded down $0.45 during mid-day trading on Monday, reaching $41.40. 273,800 shares of the company traded hands, compared to its average volume of 221,126. Q2 Holdings, Inc. has a 12 month low of $27.80 and a 12 month high of $44.35.

Q2 (NYSE:QTWO) last issued its quarterly earnings data on Wednesday, November 1st. The technology company reported $0.03 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.02) by $0.05. The company had revenue of $50.10 million for the quarter, compared to analyst estimates of $50.05 million. Q2 had a negative net margin of 15.27% and a negative return on equity of 20.50%. Q2’s revenue was up 30.8% compared to the same quarter last year. During the same period last year, the company posted ($0.24) earnings per share. equities analysts predict that Q2 Holdings, Inc. will post -0.48 EPS for the current year.

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Q2 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 (NYSE:QTWO)

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