Assenagon Asset Management S.A. Grows Stock Holdings in Q2 Holdings, Inc. (NYSE:QTWO)

Assenagon Asset Management S.A. grew its position in shares of Q2 Holdings, Inc. (NYSE:QTWO) by 1,043.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 954,979 shares of the technology company’s stock after acquiring an additional 871,437 shares during the period. Assenagon Asset Management S.A. owned about 1.57% of Q2 worth $76,408,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Janney Montgomery Scott LLC purchased a new position in Q2 during the 4th quarter valued at about $288,000. Charles Schwab Investment Management Inc. grew its position in shares of Q2 by 2.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 507,065 shares of the technology company’s stock worth $51,036,000 after buying an additional 10,636 shares during the last quarter. Raymond James Financial Inc. purchased a new position in shares of Q2 during the fourth quarter valued at approximately $18,271,000. SBI Securities Co. Ltd. bought a new position in shares of Q2 during the fourth quarter valued at approximately $30,000. Finally, Public Employees Retirement System of Ohio purchased a new stake in Q2 in the fourth quarter worth $140,000.

Insider Transactions at Q2

In other Q2 news, CRO Michael A. Volanoski sold 1,166 shares of Q2 stock in a transaction on Tuesday, June 10th. The stock was sold at an average price of $90.55, for a total value of $105,581.30. Following the completion of the sale, the executive now owns 177,240 shares of the company’s stock, valued at approximately $16,049,082. This trade represents a 0.65% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director James Offerdahl sold 1,000 shares of the company’s stock in a transaction on Thursday, May 22nd. The shares were sold at an average price of $87.77, for a total value of $87,770.00. Following the transaction, the director now directly owns 16,241 shares in the company, valued at approximately $1,425,472.57. The trade was a 5.80% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 38,586 shares of company stock valued at $3,124,681 in the last quarter. 0.31% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research analysts have issued reports on QTWO shares. Citigroup boosted their price objective on shares of Q2 from $96.00 to $100.00 and gave the company a “neutral” rating in a research report on Thursday, February 13th. Stephens reiterated an “overweight” rating and set a $115.00 price target on shares of Q2 in a research report on Thursday, February 13th. Compass Point reissued a “neutral” rating and issued a $60.00 price target on shares of Q2 in a research note on Monday, April 7th. Wall Street Zen lowered shares of Q2 from a “strong-buy” rating to a “buy” rating in a report on Sunday. Finally, Truist Financial reaffirmed a “buy” rating and set a $110.00 price objective (up from $100.00) on shares of Q2 in a research report on Thursday, February 13th. Eight equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $99.50.

Q2 Stock Down 1.4%

QTWO stock opened at $89.18 on Thursday. The business has a 50 day moving average of $82.81 and a 200 day moving average of $89.47. The firm has a market cap of $5.56 billion, a PE ratio of -137.19 and a beta of 1.48. Q2 Holdings, Inc. has a twelve month low of $55.97 and a twelve month high of $112.82. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.58.

About Q2

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.