Q2 Holdings, Inc. (NYSE:QTWO) Shares Sold by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. lowered its holdings in Q2 Holdings, Inc. (NYSE:QTWOFree Report) by 3.9% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 31,712 shares of the technology company’s stock after selling 1,273 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Q2 were worth $1,023,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the business. Vanguard Group Inc. increased its holdings in shares of Q2 by 1.5% in the 3rd quarter. Vanguard Group Inc. now owns 5,358,013 shares of the technology company’s stock valued at $172,527,000 after acquiring an additional 80,534 shares during the last quarter. Wasatch Advisors LP increased its holdings in shares of Q2 by 37.1% in the 2nd quarter. Wasatch Advisors LP now owns 4,992,304 shares of the technology company’s stock valued at $154,262,000 after acquiring an additional 1,350,892 shares during the last quarter. Macquarie Group Ltd. increased its holdings in shares of Q2 by 2.2% in the 1st quarter. Macquarie Group Ltd. now owns 1,800,789 shares of the technology company’s stock valued at $44,335,000 after acquiring an additional 38,855 shares during the last quarter. State Street Corp increased its holdings in shares of Q2 by 13.9% in the 2nd quarter. State Street Corp now owns 1,470,709 shares of the technology company’s stock valued at $45,445,000 after acquiring an additional 179,514 shares during the last quarter. Finally, Jennison Associates LLC increased its holdings in shares of Q2 by 147.4% in the 3rd quarter. Jennison Associates LLC now owns 1,225,286 shares of the technology company’s stock valued at $39,540,000 after acquiring an additional 729,959 shares during the last quarter.

Q2 Stock Up 2.7 %

Shares of QTWO stock opened at $42.66 on Friday. The business’s 50 day moving average is $41.68 and its two-hundred day moving average is $36.19. Q2 Holdings, Inc. has a twelve month low of $18.91 and a twelve month high of $45.00. The company has a current ratio of 2.25, a quick ratio of 2.25 and a debt-to-equity ratio of 1.11.

Insider Buying and Selling at Q2

In other Q2 news, CRO Michael A. Volanoski sold 2,915 shares of Q2 stock in a transaction that occurred on Monday, December 11th. The stock was sold at an average price of $37.78, for a total value of $110,128.70. Following the transaction, the executive now directly owns 201,909 shares in the company, valued at approximately $7,628,122.02. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, CFO David J. Mehok sold 741 shares of Q2 stock in a transaction that occurred on Monday, December 11th. The stock was sold at an average price of $37.78, for a total value of $27,994.98. Following the sale, the chief financial officer now directly owns 164,891 shares in the company, valued at $6,229,581.98. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CRO Michael A. Volanoski sold 2,915 shares of Q2 stock in a transaction that occurred on Monday, December 11th. The shares were sold at an average price of $37.78, for a total value of $110,128.70. Following the completion of the sale, the executive now owns 201,909 shares in the company, valued at $7,628,122.02. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 144,487 shares of company stock worth $6,014,925. 3.60% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on QTWO. The Goldman Sachs Group increased their price objective on Q2 from $39.00 to $51.00 and gave the company a “buy” rating in a report on Tuesday, January 23rd. Stephens raised Q2 from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $36.00 to $46.00 in a research report on Thursday, December 7th. Canaccord Genuity Group reaffirmed a “buy” rating and set a $40.00 price target on shares of Q2 in a research report on Thursday, November 2nd. TheStreet raised Q2 from a “d+” rating to a “c-” rating in a research report on Friday, December 29th. Finally, Needham & Company LLC lifted their price target on Q2 from $40.00 to $50.00 and gave the stock a “buy” rating in a research report on Monday, December 18th. Four equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $39.47.

Get Our Latest Research Report on QTWO

About Q2

(Free Report)

Q2 Holdings, Inc provides cloud-based digital solutions to regional and community financial institutions in the United States. The company offers Digital Banking Platform, an end-to-end digital banking platform supports its financial institution customers in their delivery of unified digital banking services across digital channels.

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Institutional Ownership by Quarter for Q2 (NYSE:QTWO)

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