13,810 Shares in Q2 Holdings, Inc. $QTWO Bought by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd acquired a new position in shares of Q2 Holdings, Inc. (NYSE:QTWO) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 13,810 shares of the technology company’s stock, valued at approximately $999,000.

A number of other institutional investors also recently bought and sold shares of QTWO. Vanguard Group Inc. boosted its stake in shares of Q2 by 13.5% during the third quarter. Vanguard Group Inc. now owns 7,912,306 shares of the technology company’s stock worth $572,772,000 after buying an additional 941,672 shares during the period. Invesco Ltd. increased its position in Q2 by 4.8% in the 2nd quarter. Invesco Ltd. now owns 2,803,611 shares of the technology company’s stock valued at $262,390,000 after acquiring an additional 128,387 shares during the period. William Blair Investment Management LLC raised its stake in Q2 by 8.9% during the 3rd quarter. William Blair Investment Management LLC now owns 2,141,005 shares of the technology company’s stock valued at $154,987,000 after acquiring an additional 175,146 shares during the last quarter. Wasatch Advisors LP lifted its position in Q2 by 1.2% during the 2nd quarter. Wasatch Advisors LP now owns 2,098,037 shares of the technology company’s stock worth $196,355,000 after acquiring an additional 25,493 shares during the period. Finally, Massachusetts Financial Services Co. MA lifted its position in Q2 by 11.7% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,039,416 shares of the technology company’s stock worth $147,633,000 after acquiring an additional 213,415 shares during the period.

Insider Activity

In related news, COO Himagiri K. Mukkamala sold 1,793 shares of the company’s stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of $49.75, for a total value of $89,201.75. Following the sale, the chief operating officer owned 94,253 shares in the company, valued at $4,689,086.75. This represents a 1.87% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Jonathan Price sold 32,156 shares of the firm’s stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of $49.75, for a total value of $1,599,761.00. Following the completion of the transaction, the chief financial officer directly owned 197,135 shares of the company’s stock, valued at $9,807,466.25. The trade was a 14.02% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 294,381 shares of company stock valued at $15,152,614 in the last quarter. Insiders own 3.00% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on QTWO shares. DA Davidson raised Q2 from a “neutral” rating to a “buy” rating and set a $82.00 target price on the stock in a report on Tuesday, February 3rd. Royal Bank Of Canada decreased their price target on Q2 from $86.00 to $67.00 and set a “sector perform” rating for the company in a report on Thursday, February 12th. Morgan Stanley set a $68.00 price objective on shares of Q2 in a research note on Thursday, February 12th. Cantor Fitzgerald cut their price objective on shares of Q2 from $90.00 to $80.00 and set an “overweight” rating for the company in a research report on Thursday, February 12th. Finally, Stifel Nicolaus set a $75.00 target price on shares of Q2 in a research note on Thursday, February 12th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat, Q2 has a consensus rating of “Moderate Buy” and an average price target of $79.29.

Q2 Stock Performance

Shares of NYSE QTWO opened at $52.86 on Monday. The firm has a market capitalization of $3.30 billion, a P/E ratio of 66.91 and a beta of 1.40. Q2 Holdings, Inc. has a one year low of $46.16 and a one year high of $96.68. The company’s fifty day moving average is $60.49 and its two-hundred day moving average is $67.80.

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.