Q2 Holdings, Inc. $QTWO Shares Bought by KLP Kapitalforvaltning AS

KLP Kapitalforvaltning AS raised its position in Q2 Holdings, Inc. (NYSE:QTWO) by 9.6% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 12,600 shares of the technology company’s stock after acquiring an additional 1,100 shares during the period. KLP Kapitalforvaltning AS’s holdings in Q2 were worth $1,179,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. WPG Advisers LLC purchased a new position in shares of Q2 in the 1st quarter valued at about $35,000. Larson Financial Group LLC increased its holdings in shares of Q2 by 2,630.0% in the 1st quarter. Larson Financial Group LLC now owns 546 shares of the technology company’s stock valued at $44,000 after purchasing an additional 526 shares in the last quarter. TCTC Holdings LLC increased its holdings in shares of Q2 by 103.1% in the 1st quarter. TCTC Holdings LLC now owns 597 shares of the technology company’s stock valued at $48,000 after purchasing an additional 303 shares in the last quarter. SVB Wealth LLC purchased a new position in Q2 during the 1st quarter valued at about $58,000. Finally, Summit Securities Group LLC acquired a new position in Q2 during the first quarter worth about $64,000.

Insiders Place Their Bets

In other Q2 news, insider John E. Breeden sold 6,105 shares of the business’s stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $75.27, for a total transaction of $459,523.35. Following the completion of the sale, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, General Counsel Michael S. Kerr sold 967 shares of the company’s stock in a transaction on Monday, September 15th. The shares were sold at an average price of $82.60, for a total transaction of $79,874.20. Following the completion of the transaction, the general counsel owned 56,228 shares of the company’s stock, valued at $4,644,432.80. This trade represents a 1.69% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 8,499 shares of company stock worth $650,658 over the last ninety days. 3.00% of the stock is owned by company insiders.

Q2 Stock Up 1.1%

QTWO opened at $62.24 on Wednesday. Q2 Holdings, Inc. has a 52-week low of $60.28 and a 52-week high of $112.82. The company has a 50 day moving average of $75.12 and a two-hundred day moving average of $81.84. The company has a market cap of $3.89 billion, a P/E ratio of 1,245.09 and a beta of 1.47.

Analyst Ratings Changes

A number of equities analysts have issued reports on QTWO shares. JPMorgan Chase & Co. cut their target price on shares of Q2 from $115.00 to $110.00 and set an “overweight” rating for the company in a research report on Wednesday, September 24th. Zacks Research cut shares of Q2 from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 29th. Stifel Nicolaus lifted their target price on shares of Q2 from $105.00 to $110.00 and gave the stock a “buy” rating in a research report on Thursday, July 31st. Wall Street Zen lowered shares of Q2 from a “buy” rating to a “hold” rating in a research report on Friday, September 26th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Q2 in a research report on Wednesday, October 8th. Nine equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat, Q2 has a consensus rating of “Hold” and a consensus price target of $101.94.

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.