Assenagon Asset Management S.A. Boosts Stock Holdings in Q2 Holdings, Inc. $QTWO

Assenagon Asset Management S.A. grew its stake in shares of Q2 Holdings, Inc. (NYSE:QTWO) by 37.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 552,712 shares of the technology company’s stock after buying an additional 151,201 shares during the quarter. Assenagon Asset Management S.A.’s holdings in Q2 were worth $39,884,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Advisors Asset Management Inc. lifted its stake in shares of Q2 by 18.1% in the 2nd quarter. Advisors Asset Management Inc. now owns 1,003 shares of the technology company’s stock valued at $94,000 after acquiring an additional 154 shares during the last quarter. Hilltop National Bank increased its stake in Q2 by 9.8% in the 3rd quarter. Hilltop National Bank now owns 2,077 shares of the technology company’s stock worth $150,000 after purchasing an additional 185 shares during the period. California State Teachers Retirement System increased its stake in Q2 by 0.3% in the 2nd quarter. California State Teachers Retirement System now owns 55,842 shares of the technology company’s stock worth $5,226,000 after purchasing an additional 194 shares during the period. FJ Capital Management LLC lifted its position in Q2 by 5.0% in the second quarter. FJ Capital Management LLC now owns 4,236 shares of the technology company’s stock valued at $396,000 after purchasing an additional 201 shares during the last quarter. Finally, Headlands Technologies LLC bought a new stake in Q2 in the second quarter valued at approximately $26,000.

Q2 Stock Performance

Shares of QTWO stock opened at $46.18 on Thursday. Q2 Holdings, Inc. has a fifty-two week low of $45.62 and a fifty-two week high of $96.68. The firm has a market cap of $2.88 billion, a P/E ratio of 58.45 and a beta of 1.40. The business’s 50 day moving average price is $54.82 and its 200-day moving average price is $65.26.

Insider Buying and Selling

In related news, COO Himagiri K. Mukkamala sold 1,343 shares of Q2 stock in a transaction on Monday, March 9th. The shares were sold at an average price of $51.35, for a total value of $68,963.05. Following the sale, the chief operating officer owned 92,910 shares in the company, valued at $4,770,928.50. The trade was a 1.42% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, General Counsel Michael S. Kerr sold 2,821 shares of the business’s stock in a transaction on Monday, March 9th. The shares were sold at an average price of $51.35, for a total transaction of $144,858.35. Following the transaction, the general counsel directly owned 47,227 shares in the company, valued at approximately $2,425,106.45. The trade was a 5.64% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 411,087 shares of company stock valued at $20,702,472 over the last three months. Insiders own 0.31% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on QTWO. Morgan Stanley set a $68.00 target price on shares of Q2 in a report on Thursday, February 12th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Q2 in a report on Thursday, January 22nd. DA Davidson raised shares of Q2 from a “neutral” rating to a “buy” rating and set a $82.00 price target for the company in a research report on Tuesday, February 3rd. Wall Street Zen lowered shares of Q2 from a “strong-buy” rating to a “buy” rating in a report on Saturday, March 7th. Finally, Cantor Fitzgerald decreased their price objective on shares of Q2 from $90.00 to $80.00 and set an “overweight” rating on the stock in a research report on Thursday, February 12th. Eight equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target 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.