Amundi Reduces Stock Holdings in Q2 Holdings, Inc. $QTWO

Amundi decreased its holdings in Q2 Holdings, Inc. (NYSE:QTWO) by 0.4% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 31,138 shares of the technology company’s stock after selling 135 shares during the quarter. Amundi’s holdings in Q2 were worth $2,354,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in QTWO. Versant Capital Management Inc purchased a new stake in Q2 in the first quarter worth $33,000. WPG Advisers LLC purchased a new stake in Q2 in the first quarter worth $35,000. Larson Financial Group LLC raised its holdings in Q2 by 2,630.0% in the first quarter. Larson Financial Group LLC now owns 546 shares of the technology company’s stock worth $44,000 after purchasing an additional 526 shares in the last quarter. TCTC Holdings LLC raised its holdings in Q2 by 103.1% in the first quarter. TCTC Holdings LLC now owns 597 shares of the technology company’s stock worth $48,000 after purchasing an additional 303 shares in the last quarter. Finally, SVB Wealth LLC bought a new position in Q2 in the first quarter worth $58,000.

Insider Activity

In other Q2 news, Director James Offerdahl sold 786 shares of the firm’s stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $74.15, for a total value of $58,281.90. Following the transaction, the director directly owned 17,792 shares of the company’s stock, valued at approximately $1,319,276.80. This trade represents a 4.23% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider John E. Breeden sold 6,105 shares of the firm’s stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $75.27, for a total value of $459,523.35. Following the completion of the transaction, the insider directly owned 149,643 shares in the company, valued at $11,263,628.61. The trade was a 3.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.31% of the company’s stock.

Q2 Stock Performance

NYSE QTWO opened at $82.83 on Friday. Q2 Holdings, Inc. has a one year low of $63.61 and a one year high of $112.82. The stock has a 50-day moving average of $82.72 and a 200 day moving average of $83.01. The company has a market capitalization of $5.17 billion, a price-to-earnings ratio of 1,656.93 and a beta of 1.49.

Analyst Ratings Changes

A number of equities analysts have issued reports on QTWO shares. Wall Street Zen downgraded Q2 from a “strong-buy” rating to a “buy” rating in a report on Sunday, June 8th. JPMorgan Chase & Co. started coverage on Q2 in a report on Wednesday, June 18th. They issued an “overweight” rating and a $115.00 price objective for the company. Royal Bank Of Canada increased their price objective on Q2 from $101.00 to $102.00 and gave the stock a “sector perform” rating in a report on Thursday, July 31st. Needham & Company LLC increased their price objective on Q2 from $110.00 to $115.00 and gave the stock a “buy” rating in a report on Thursday, July 31st. Finally, Zacks Research upgraded Q2 to a “strong-buy” rating in a report on Friday, August 8th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat, Q2 has an average rating of “Moderate Buy” and a consensus price target of $102.25.

Q2 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.