Q2 Holdings, Inc. (NYSE:QTWO) Stock Position Lowered by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. lowered its position in shares of Q2 Holdings, Inc. (NYSE:QTWO) by 15.0% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 83,542 shares of the technology company’s stock after selling 14,733 shares during the quarter. Assenagon Asset Management S.A. owned 0.14% of Q2 worth $8,409,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of QTWO. Versor Investments LP acquired a new stake in shares of Q2 during the 3rd quarter valued at $590,000. Perpetual Ltd acquired a new position in shares of Q2 in the 3rd quarter valued at $80,788,000. State Street Corp boosted its position in shares of Q2 by 0.3% in the 3rd quarter. State Street Corp now owns 1,668,767 shares of the technology company’s stock valued at $133,118,000 after purchasing an additional 5,000 shares during the period. BNP Paribas Financial Markets increased its stake in Q2 by 32.2% in the 3rd quarter. BNP Paribas Financial Markets now owns 30,720 shares of the technology company’s stock worth $2,451,000 after purchasing an additional 7,475 shares in the last quarter. Finally, Nordea Investment Management AB raised its holdings in Q2 by 61.8% during the 4th quarter. Nordea Investment Management AB now owns 111,110 shares of the technology company’s stock worth $11,208,000 after buying an additional 42,433 shares during the period.

Q2 Stock Up 0.5 %

Q2 stock opened at $93.84 on Monday. The company has a market capitalization of $5.67 billion, a P/E ratio of -97.75 and a beta of 1.61. Q2 Holdings, Inc. has a 1-year low of $40.60 and a 1-year high of $112.82. The firm’s fifty day simple moving average is $102.24 and its 200-day simple moving average is $84.59. The company has a current ratio of 2.50, a quick ratio of 2.50 and a debt-to-equity ratio of 0.99.

Analyst Ratings Changes

QTWO has been the topic of a number of recent analyst reports. Stifel Nicolaus boosted their price target on shares of Q2 from $100.00 to $115.00 and gave the company a “buy” rating in a report on Wednesday, December 18th. Royal Bank of Canada boosted their target price on shares of Q2 from $76.00 to $105.00 and gave the company a “sector perform” rating in a research note on Thursday, November 7th. Truist Financial restated a “buy” rating and issued a $100.00 target price (up previously from $78.00) on shares of Q2 in a report on Thursday, November 7th. Baird R W downgraded Q2 from a “strong-buy” rating to a “hold” rating in a report on Friday, January 10th. Finally, Needham & Company LLC increased their price objective on Q2 from $90.00 to $120.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Seven investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $98.07.

Insider Activity

In related news, CRO Michael A. Volanoski sold 4,178 shares of Q2 stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $106.00, for a total value of $442,868.00. Following the transaction, the executive now owns 223,494 shares in the company, valued at $23,690,364. This trade represents a 1.84 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, President Kirk L. Coleman sold 10,428 shares of the business’s stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $106.42, for a total transaction of $1,109,747.76. Following the transaction, the president now directly owns 337,643 shares of the company’s stock, valued at approximately $35,931,968.06. This represents a 3.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 28,836 shares of company stock valued at $3,061,035. Insiders own 3.00% of the company’s stock.

Q2 Company Profile

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.