American Century Companies Inc. Acquires 53,565 Shares of Q2 Holdings, Inc. $QTWO

American Century Companies Inc. raised its stake in Q2 Holdings, Inc. (NYSE:QTWO) by 4.9% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,146,664 shares of the technology company’s stock after acquiring an additional 53,565 shares during the quarter. American Century Companies Inc. owned approximately 1.83% of Q2 worth $83,007,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. increased its position in Q2 by 13.5% during the 3rd 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 in the last quarter. Invesco Ltd. grew its stake in shares of Q2 by 4.8% during the second quarter. Invesco Ltd. now owns 2,803,611 shares of the technology company’s stock worth $262,390,000 after buying an additional 128,387 shares during the last quarter. Wasatch Advisors LP increased its holdings in shares of Q2 by 1.2% during the second quarter. Wasatch Advisors LP now owns 2,098,037 shares of the technology company’s stock worth $196,355,000 after buying an additional 25,493 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its stake in shares of Q2 by 11.7% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,039,416 shares of the technology company’s stock valued at $147,633,000 after acquiring an additional 213,415 shares during the last quarter. Finally, Geode Capital Management LLC boosted its holdings in shares of Q2 by 1.9% during the 2nd quarter. Geode Capital Management LLC now owns 1,470,279 shares of the technology company’s stock valued at $137,620,000 after acquiring an additional 26,858 shares in the last quarter.

Insider Transactions at Q2

In other Q2 news, CRO Michael A. Volanoski sold 5,123 shares of the company’s stock in a transaction on Friday, December 12th. The shares were sold at an average price of $75.46, for a total transaction of $386,581.58. Following the sale, the executive owned 166,512 shares of the company’s stock, valued at approximately $12,564,995.52. This represents a 2.98% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Kirk L. Coleman sold 8,559 shares of the stock in a transaction dated Wednesday, December 10th. The stock was sold at an average price of $73.68, for a total value of $630,627.12. Following the sale, the insider owned 269,128 shares of the company’s stock, valued at approximately $19,829,351.04. The trade was a 3.08% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 20,883 shares of company stock worth $1,547,778. Company insiders own 3.00% of the company’s stock.

Q2 Price Performance

Q2 stock opened at $50.62 on Wednesday. The stock’s 50 day moving average is $61.86 and its 200 day moving average is $68.31. Q2 Holdings, Inc. has a one year low of $46.16 and a one year high of $96.68. The firm has a market cap of $3.16 billion, a P/E ratio of 64.08 and a beta of 1.40.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Truist Financial lowered their target price on Q2 from $110.00 to $75.00 and set a “buy” rating for the company in a report on Thursday, February 12th. Needham & Company LLC reduced their price target on Q2 from $90.00 to $70.00 and set a “buy” rating on the stock in a report on Thursday, February 12th. Zacks Research raised Q2 from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 13th. Stephens set a $90.00 price objective on shares of Q2 in a report on Friday, January 16th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Q2 in a research report on Thursday, January 22nd. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, Q2 has a consensus rating of “Moderate Buy” and a consensus price target of $79.29.

About Q2

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.