Q2 Holdings, Inc. (QTWO) Director R. H. Seale Sells 22,000 Shares
Q2 Holdings, Inc. (NYSE:QTWO) Director R. H. Seale sold 22,000 shares of the company’s stock in a transaction on Wednesday, October 4th. The shares were sold at an average price of $41.16, for a total value of $905,520.00. Following the transaction, the director now directly owns 383,828 shares in the company, valued at $15,798,360.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
Shares of Q2 Holdings, Inc. (NYSE:QTWO) traded down 0.48% on Wednesday, reaching $41.10. The company’s stock had a trading volume of 127,373 shares. Q2 Holdings, Inc. has a 1-year low of $25.23 and a 1-year high of $42.90. The company’s 50 day moving average is $40.19 and its 200-day moving average is $38.35. The stock’s market cap is $1.70 billion.
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Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Ameritas Investment Partners Inc. raised its stake in shares of Q2 Holdings by 38.1% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 2,751 shares of the technology company’s stock valued at $102,000 after purchasing an additional 759 shares during the period. Dubuque Bank & Trust Co. acquired a new stake in shares of Q2 Holdings in the 2nd quarter valued at about $102,000. Oppenheimer Asset Management Inc. raised its stake in shares of Q2 Holdings by 16,455.6% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 2,980 shares of the technology company’s stock valued at $110,000 after purchasing an additional 2,962 shares during the period. Pacad Investment Ltd. acquired a new stake in shares of Q2 Holdings in the 2nd quarter valued at about $111,000. Finally, SG Americas Securities LLC acquired a new stake in shares of Q2 Holdings in the 1st quarter valued at about $109,000. 92.74% of the stock is currently owned by hedge funds and other institutional investors.
Several research analysts recently weighed in on the company. Zacks Investment Research lowered Q2 Holdings from a “hold” rating to a “sell” rating in a research report on Wednesday. KeyCorp reissued a “hold” rating on shares of Q2 Holdings in a research report on Wednesday, September 13th. BidaskClub raised Q2 Holdings from a “hold” rating to a “buy” rating in a research report on Tuesday. SunTrust Banks, Inc. assumed coverage on Q2 Holdings in a research report on Monday, June 26th. They set a “buy” rating and a $45.00 price target on the stock. Finally, Canaccord Genuity reissued a “buy” rating and set a $43.00 price target on shares of Q2 Holdings in a research report on Tuesday, August 1st. One analyst has rated the stock with a sell rating, two have given a hold rating and eight have issued a buy rating to the company. Q2 Holdings presently has a consensus rating of “Buy” and a consensus price target of $42.13.
About Q2 Holdings
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.
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