Motley Fool Wealth Management LLC Decreases Position in Q2 Holdings, Inc. $QTWO

Motley Fool Wealth Management LLC decreased its holdings in shares of Q2 Holdings, Inc. (NYSE:QTWO) by 9.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 110,884 shares of the technology company’s stock after selling 11,715 shares during the quarter. Motley Fool Wealth Management LLC’s holdings in Q2 were worth $10,378,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in QTWO. WPG Advisers LLC purchased a new stake in Q2 during the first quarter worth approximately $35,000. Larson Financial Group LLC lifted its stake in Q2 by 2,630.0% during the first quarter. Larson Financial Group LLC now owns 546 shares of the technology company’s stock worth $44,000 after purchasing an additional 526 shares during the last quarter. TCTC Holdings LLC lifted its stake in Q2 by 103.1% during the first quarter. TCTC Holdings LLC now owns 597 shares of the technology company’s stock worth $48,000 after purchasing an additional 303 shares during the last quarter. SVB Wealth LLC purchased a new stake in Q2 during the first quarter worth approximately $58,000. Finally, Summit Securities Group LLC purchased a new stake in Q2 in the first quarter valued at approximately $64,000.

Insider Transactions at Q2

In other news, General Counsel Michael S. Kerr sold 967 shares of the company’s stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $82.60, for a total transaction of $79,874.20. Following the completion of the sale, the general counsel owned 56,228 shares in the company, valued at $4,644,432.80. This represents a 1.69% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider John E. Breeden sold 6,105 shares of the company’s stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $75.27, for a total value of $459,523.35. Following the sale, the insider owned 149,643 shares of the company’s stock, valued at $11,263,628.61. This trade represents a 3.92% decrease in their position. The disclosure for this sale can be found here. Insiders sold 8,499 shares of company stock worth $650,658 over the last 90 days. 0.31% of the stock is currently owned by insiders.

Q2 Price Performance

Q2 stock opened at $62.22 on Tuesday. Q2 Holdings, Inc. has a 12 month low of $58.57 and a 12 month high of $112.82. The business has a 50 day simple moving average of $72.64 and a 200-day simple moving average of $81.02. The stock has a market capitalization of $3.88 billion, a PE ratio of 1,244.55 and a beta of 1.47.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Stifel Nicolaus reduced their price objective on Q2 from $110.00 to $90.00 and set a “buy” rating for the company in a research note on Wednesday, October 15th. Zacks Research cut Q2 from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 29th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Q2 in a research note on Wednesday, October 8th. Royal Bank Of Canada boosted their price objective on Q2 from $101.00 to $102.00 and gave the company a “sector perform” rating in a research note on Thursday, July 31st. Finally, Needham & Company LLC boosted their price objective on Q2 from $110.00 to $115.00 and gave the company a “buy” rating in a research note on Thursday, July 31st. Nine investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $100.69.

Q2 Company Profile

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.