Thrivent Financial for Lutherans Purchases 16,263 Shares of Q2 Holdings, Inc. $QTWO

Thrivent Financial for Lutherans raised its position in shares of Q2 Holdings, Inc. (NYSE:QTWO) by 53.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 46,658 shares of the technology company’s stock after acquiring an additional 16,263 shares during the period. Thrivent Financial for Lutherans owned approximately 0.07% of Q2 worth $3,378,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Advisors Asset Management Inc. increased its position in Q2 by 18.1% in the second quarter. Advisors Asset Management Inc. now owns 1,003 shares of the technology company’s stock worth $94,000 after purchasing an additional 154 shares during the last quarter. ANB Bank grew its stake in shares of Q2 by 7.1% in the 2nd quarter. ANB Bank now owns 2,710 shares of the technology company’s stock worth $254,000 after buying an additional 179 shares in the last quarter. Hilltop National Bank increased its holdings in shares of 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 buying an additional 185 shares during the last quarter. California State Teachers Retirement System raised its position in shares of Q2 by 0.3% during the 2nd quarter. California State Teachers Retirement System now owns 55,842 shares of the technology company’s stock valued at $5,226,000 after buying an additional 194 shares in the last quarter. Finally, Summit Global Investments raised its position in shares of Q2 by 2.0% during the 2nd quarter. Summit Global Investments now owns 10,100 shares of the technology company’s stock valued at $945,000 after buying an additional 198 shares in the last quarter.

Q2 Stock Up 3.3%

Shares of Q2 stock opened at $57.01 on Monday. The stock’s fifty day moving average is $69.41 and its two-hundred day moving average is $71.73. Q2 Holdings, Inc. has a 52 week low of $54.63 and a 52 week high of $102.07. The company has a market capitalization of $3.56 billion, a PE ratio of 118.77 and a beta of 1.36.

Wall Street Analyst Weigh In

QTWO has been the topic of several analyst reports. Stifel Nicolaus reduced their price objective on Q2 from $110.00 to $90.00 and set a “buy” rating on the stock in a research note on Wednesday, October 15th. Cantor Fitzgerald cut their target price on Q2 from $110.00 to $90.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 29th. Zacks Research lowered Q2 from a “strong-buy” rating to a “hold” rating in a report on Friday, January 9th. UBS Group set a $82.00 price objective on shares of Q2 in a research note on Tuesday, February 3rd. Finally, Stephens set a $90.00 price objective on shares of Q2 in a research report on Friday, January 16th. Nine research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $92.27.

Insider Transactions at Q2

In related news, COO Himagiri K. Mukkamala sold 3,024 shares of the firm’s stock in a transaction dated Wednesday, December 10th. The shares were sold at an average price of $73.68, for a total value of $222,808.32. Following the transaction, the chief operating officer owned 96,046 shares of the company’s stock, valued at $7,076,669.28. This trade represents a 3.05% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CRO Michael A. Volanoski sold 5,123 shares of the business’s stock in a transaction dated Friday, December 12th. The shares were sold at an average price of $75.46, for a total transaction of $386,581.58. Following the completion of the sale, the executive directly owned 166,512 shares of the company’s stock, valued at approximately $12,564,995.52. This trade represents a 2.98% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 20,883 shares of company stock worth $1,547,778. Insiders own 3.00% of the company’s stock.

Q2 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.