Aberdeen Group plc Has $23.21 Million Position in Q2 Holdings, Inc. $QTWO

Aberdeen Group plc cut its holdings in Q2 Holdings, Inc. (NYSE:QTWO) by 7.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 313,706 shares of the technology company’s stock after selling 23,692 shares during the period. Aberdeen Group plc owned approximately 0.50% of Q2 worth $23,208,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in QTWO. Norges Bank bought a new stake in Q2 in the second quarter worth approximately $60,466,000. American Century Companies Inc. increased its stake in shares of Q2 by 60.5% in the 2nd quarter. American Century Companies Inc. now owns 1,093,099 shares of the technology company’s stock valued at $102,303,000 after acquiring an additional 411,930 shares in the last quarter. Principal Financial Group Inc. increased its stake in shares of Q2 by 502.5% in the 3rd quarter. Principal Financial Group Inc. now owns 301,917 shares of the technology company’s stock valued at $21,856,000 after acquiring an additional 251,807 shares in the last quarter. Public Sector Pension Investment Board acquired a new position in shares of Q2 during the 3rd quarter valued at $17,631,000. Finally, Massachusetts Financial Services Co. MA boosted its stake in Q2 by 11.7% during the third quarter. Massachusetts Financial Services Co. MA now owns 2,039,416 shares of the technology company’s stock worth $147,633,000 after acquiring an additional 213,415 shares in the last quarter.

Insiders Place Their Bets

In other Q2 news, COO Himagiri K. Mukkamala sold 3,024 shares of the stock in a transaction dated Wednesday, December 10th. The shares were sold at an average price of $73.68, for a total value of $222,808.32. Following the completion of the sale, the chief operating officer owned 96,046 shares in the company, valued at approximately $7,076,669.28. This trade represents a 3.05% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CRO Michael A. Volanoski sold 5,123 shares of the business’s stock in a transaction that occurred on Friday, December 12th. The stock was sold at an average price of $75.46, for a total value of $386,581.58. Following the completion of the transaction, the executive owned 166,512 shares in the company, valued at $12,564,995.52. The trade was a 2.98% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 20,883 shares of company stock valued at $1,547,778 in the last three months. 0.31% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

QTWO has been the subject of several research analyst reports. Zacks Research raised shares of Q2 from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 13th. DA Davidson raised Q2 from a “neutral” rating to a “buy” rating and set a $82.00 price target on the stock in a research note on Tuesday, February 3rd. Weiss Ratings reissued a “hold (c-)” rating on shares of Q2 in a research note on Thursday, January 22nd. Morgan Stanley set a $68.00 price objective on Q2 in a report on Thursday, February 12th. Finally, Stifel Nicolaus set a $75.00 target price on Q2 in a report on Thursday, February 12th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $81.79.

Q2 Stock Down 1.3%

Shares of Q2 stock opened at $52.53 on Wednesday. Q2 Holdings, Inc. has a 52 week low of $51.34 and a 52 week high of $96.68. The business has a 50 day moving average price of $66.85 and a 200-day moving average price of $70.14. The company has a market cap of $3.28 billion, a PE ratio of 66.49 and a beta of 1.36.

About Q2

Q2 Holdings, Inc develops and delivers cloud-based digital banking solutions that enable banks and credit unions to enhance customer and member experiences. The company’s core offerings include the Q2 Platform, a comprehensive suite of online and mobile banking applications for retail and commercial customers, as well as digital onboarding, payments, and fraud prevention tools. Q2’s platform also provides analytics and reporting capabilities designed to help financial institutions tailor products, optimize workflows, and drive engagement.

Founded in 2004 and headquartered in Austin, Texas, Q2 serves hundreds of financial institutions across the United States and Canada.