Nordea Investment Management AB Has $7.45 Million Holdings in Q2 Holdings, Inc. $QTWO

Nordea Investment Management AB trimmed its position in shares of Q2 Holdings, Inc. (NYSE:QTWO) by 11.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 102,108 shares of the technology company’s stock after selling 13,729 shares during the quarter. Nordea Investment Management AB owned approximately 0.16% of Q2 worth $7,446,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the company. Principal Financial Group Inc. raised its position in 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 purchasing an additional 251,807 shares during the last quarter. Campbell & CO Investment Adviser LLC bought a new stake in shares of Q2 during the third quarter worth $1,559,000. Federated Hermes Inc. grew its holdings in shares of Q2 by 5.5% during the third quarter. Federated Hermes Inc. now owns 788,374 shares of the technology company’s stock worth $57,070,000 after purchasing an additional 41,229 shares during the last quarter. Thrivent Financial for Lutherans increased its stake in shares of Q2 by 53.5% in the third quarter. Thrivent Financial for Lutherans now owns 46,658 shares of the technology company’s stock valued at $3,378,000 after buying an additional 16,263 shares in the last quarter. Finally, Castleark Management LLC acquired a new stake in shares of Q2 in the second quarter valued at $5,341,000.

Q2 Stock Down 1.1%

Shares of QTWO opened at $46.18 on Thursday. The stock’s fifty day simple moving average is $54.82 and its 200-day simple moving average is $65.26. The firm has a market capitalization of $2.88 billion, a PE ratio of 58.45 and a beta of 1.40. Q2 Holdings, Inc. has a 12-month low of $45.62 and a 12-month high of $96.68.

Insider Activity

In other Q2 news, COO Himagiri K. Mukkamala sold 1,343 shares of the company’s stock in a transaction dated Monday, March 9th. The shares were sold at an average price of $51.35, for a total transaction of $68,963.05. Following the transaction, the chief operating officer directly owned 92,910 shares in the company, valued at approximately $4,770,928.50. This represents a 1.42% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Kimberly Anne Rutledge sold 3,187 shares of the firm’s stock in a transaction dated Wednesday, March 11th. The shares were sold at an average price of $50.37, for a total transaction of $160,529.19. Following the completion of the transaction, the insider directly owned 80,551 shares in the company, valued at $4,057,353.87. This trade represents a 3.81% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 411,087 shares of company stock worth $20,702,472. Corporate insiders own 0.31% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. Stifel Nicolaus set a $75.00 price target on shares of Q2 in a research report on Thursday, February 12th. Morgan Stanley set a $68.00 price objective on shares of Q2 in a research report on Thursday, February 12th. Cantor Fitzgerald dropped their target price on shares of Q2 from $90.00 to $80.00 and set an “overweight” rating for the company in a research note on Thursday, February 12th. Wall Street Zen lowered shares of Q2 from a “strong-buy” rating to a “buy” rating in a research report on Saturday, March 7th. Finally, Truist Financial decreased their price target on shares of Q2 from $110.00 to $75.00 and set a “buy” rating on the stock in a research note on Thursday, February 12th. Eight research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $79.29.

Q2 Company Profile

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.