Aberdeen Group plc Sells 16,692 Shares of Q2 Holdings, Inc. $QTWO

Aberdeen Group plc trimmed its position in shares of Q2 Holdings, Inc. (NYSE:QTWO) by 5.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 297,014 shares of the technology company’s stock after selling 16,692 shares during the quarter. Aberdeen Group plc owned approximately 0.47% of Q2 worth $21,433,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. grew its stake in shares of Q2 by 13.5% in the third quarter. Vanguard Group Inc. now owns 7,912,306 shares of the technology company’s stock worth $572,772,000 after purchasing an additional 941,672 shares during the last quarter. North Reef Capital Management LP lifted its stake in shares of Q2 by 101.1% in the third quarter. North Reef Capital Management LP now owns 1,690,000 shares of the technology company’s stock worth $122,339,000 after acquiring an additional 849,480 shares during the period. UBS Group AG lifted its position in shares of Q2 by 343.5% in the 3rd quarter. UBS Group AG now owns 1,009,946 shares of the technology company’s stock worth $73,110,000 after purchasing an additional 782,220 shares during the period. Marshall Wace LLP boosted its position in Q2 by 2,040.7% during the third quarter. Marshall Wace LLP now owns 531,654 shares of the technology company’s stock valued at $38,486,000 after acquiring an additional 506,819 shares during the last quarter. Finally, Fort Washington Investment Advisors Inc. OH bought a new stake in shares of Q2 during the 4th quarter valued at about $20,357,000.

Insider Transactions at Q2

In other news, CFO Jonathan Price sold 32,156 shares of the business’s stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $49.75, for a total value of $1,599,761.00. Following the completion of the sale, the chief financial officer owned 197,135 shares of the company’s stock, valued at approximately $9,807,466.25. The trade was a 14.02% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider John E. Breeden sold 68,707 shares of Q2 stock in a transaction that occurred on Thursday, March 5th. The stock was sold at an average price of $51.73, for a total value of $3,554,213.11. Following the completion of the transaction, the insider directly owned 90,312 shares in the company, valued at $4,671,839.76. This trade represents a 43.21% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 411,087 shares of company stock valued at $20,702,472. 0.31% of the stock is currently owned by corporate insiders.

Q2 Trading Up 0.1%

Shares of NYSE QTWO opened at $47.77 on Monday. The stock’s 50-day moving average is $52.14 and its 200 day moving average is $63.36. The stock has a market cap of $2.98 billion, a price-to-earnings ratio of 60.46 and a beta of 1.42. Q2 Holdings, Inc. has a 1-year low of $44.65 and a 1-year high of $96.68.

Analyst Ratings Changes

QTWO has been the subject of a number of research reports. Zacks Research cut shares of Q2 from a “strong-buy” rating to a “hold” rating in a report on Monday, March 16th. Needham & Company LLC decreased their price target on Q2 from $90.00 to $70.00 and set a “buy” rating for the company in a report on Thursday, February 12th. Wall Street Zen upgraded shares of Q2 from a “buy” rating to a “strong-buy” rating in a research note on Saturday. Cantor Fitzgerald decreased their target price on Q2 from $90.00 to $80.00 and set an “overweight” rating for the company in a research report on Thursday, February 12th. Finally, Stephens set a $90.00 price target on shares of Q2 in a report on Friday, January 16th. Seven investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $77.23.

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.