Q2 Holdings, Inc. $QTWO Shares Bought by Vanguard Group Inc.

Vanguard Group Inc. boosted its position in Q2 Holdings, Inc. (NYSE:QTWO) by 13.5% in the 3rd quarter, Holdings Channel reports. The firm owned 7,912,306 shares of the technology company’s stock after acquiring an additional 941,672 shares during the quarter. Vanguard Group Inc. owned 0.13% of Q2 worth $572,772,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Headlands Technologies LLC purchased a new stake in Q2 during the 2nd quarter valued at about $26,000. Cullen Frost Bankers Inc. purchased a new stake in Q2 in the third quarter valued at approximately $27,000. Salomon & Ludwin LLC acquired a new position in Q2 during the 3rd quarter worth about $30,000. First Horizon Corp purchased a new position in shares of Q2 in the third quarter valued at approximately $37,000. Finally, Northwestern Mutual Wealth Management Co. grew its stake in shares of Q2 by 592.3% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 630 shares of the technology company’s stock worth $59,000 after acquiring an additional 539 shares in the last quarter.

Insider Buying and Selling

In other news, COO Himagiri K. Mukkamala sold 3,024 shares of the company’s stock in a transaction dated Wednesday, December 10th. The stock was sold at an average price of $73.68, for a total value of $222,808.32. Following the transaction, the chief operating officer owned 96,046 shares in the company, valued at $7,076,669.28. This represents a 3.05% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Kirk L. Coleman sold 8,559 shares of the company’s stock in a transaction that occurred on Wednesday, December 10th. The shares were sold at an average price of $73.68, for a total transaction of $630,627.12. Following the completion of the transaction, the insider owned 269,128 shares in the company, valued at approximately $19,829,351.04. This represents a 3.08% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 20,883 shares of company stock valued at $1,547,778. Company insiders own 3.00% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. DA Davidson raised shares of Q2 from a “neutral” rating to a “buy” rating and set a $82.00 price objective for the company in a research report on Tuesday, February 3rd. Cantor Fitzgerald dropped their price objective on shares of Q2 from $90.00 to $80.00 and set an “overweight” rating on the stock in a research note on Thursday, February 12th. JPMorgan Chase & Co. dropped their price target on shares of Q2 from $100.00 to $75.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 18th. UBS Group set a $67.00 price target on shares of Q2 in a research report on Thursday, February 12th. Finally, Morgan Stanley set a $68.00 target price on Q2 in a report on Thursday, February 12th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $79.29.

Q2 Stock Performance

Shares of NYSE:QTWO opened at $47.37 on Wednesday. Q2 Holdings, Inc. has a 1-year low of $46.92 and a 1-year high of $96.68. The company’s fifty day moving average is $64.42 and its two-hundred day moving average is $69.22. The stock has a market capitalization of $2.96 billion, a price-to-earnings ratio of 59.96 and a beta of 1.36.

Q2 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.