Aberdeen Group plc Trims Stake in Q2 Holdings, Inc. $QTWO

Aberdeen Group plc lowered its stake in Q2 Holdings, Inc. (NYSE:QTWO) by 5.3% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 297,014 shares of the technology company’s stock after selling 16,692 shares during the quarter. Aberdeen Group plc’s holdings in Q2 were worth $21,433,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of QTWO. Fort Washington Investment Advisors Inc. OH purchased a new position in Q2 during the fourth quarter valued at $20,357,000. Assenagon Asset Management S.A. raised its position in Q2 by 37.7% in the 4th quarter. Assenagon Asset Management S.A. now owns 552,712 shares of the technology company’s stock worth $39,884,000 after purchasing an additional 151,201 shares during the period. Wealth Enhancement Advisory Services LLC bought a new stake in shares of Q2 during the 4th quarter worth approximately $511,000. Central Pacific Bank Trust Division purchased a new stake in shares of Q2 during the fourth quarter valued at $131,000. Finally, GAMMA Investing LLC boosted its position in Q2 by 136.9% in the 4th quarter. GAMMA Investing LLC now owns 924 shares of the technology company’s stock valued at $67,000 after buying an additional 534 shares during the period.

Analysts Set New Price Targets

Several research analysts have issued reports on the stock. UBS Group set a $67.00 target price on shares of Q2 in a report on Thursday, February 12th. Morgan Stanley set a $68.00 price target on shares of Q2 in a report on Thursday, February 12th. Cantor Fitzgerald dropped their target price on Q2 from $90.00 to $80.00 and set an “overweight” rating on the stock in a research report on Thursday, February 12th. DA Davidson raised Q2 from a “neutral” rating to a “buy” rating and set a $82.00 price objective for the company in a report on Tuesday, February 3rd. Finally, Stifel Nicolaus set a $75.00 target price on shares of Q2 in a research note on Thursday, February 12th. Seven equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Q2 presently has an average rating of “Moderate Buy” and a consensus price target of $77.23.

Insider Activity

In other Q2 news, CEO Matthew P. Flake sold 91,590 shares of the company’s stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $49.75, for a total transaction of $4,556,602.50. Following the completion of the transaction, the chief executive officer directly owned 503,815 shares in the company, valued at approximately $25,064,796.25. This represents a 15.38% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Kimberly Anne Rutledge sold 20,948 shares of Q2 stock in a transaction dated Thursday, March 5th. The shares were sold at an average price of $51.66, for a total transaction of $1,082,173.68. Following the completion of the sale, the insider owned 88,078 shares in the company, valued at approximately $4,550,109.48. This trade represents a 19.21% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 411,087 shares of company stock worth $20,702,472. Insiders own 0.31% of the company’s stock.

Q2 Trading Up 0.1%

Shares of QTWO opened at $47.77 on Monday. The firm has a market cap of $2.98 billion, a P/E ratio of 60.46 and a beta of 1.42. Q2 Holdings, Inc. has a 12 month low of $44.65 and a 12 month high of $96.68. The stock’s 50 day moving average is $52.14 and its two-hundred day moving average is $63.36.

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.