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

Assenagon Asset Management S.A. decreased its holdings in Q2 Holdings, Inc. (NYSE:QTWO - Free Report) by 52.0% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 98,275 shares of the technology company's stock after selling 106,297 shares during the period. Assenagon Asset Management S.A. owned 0.16% of Q2 worth $7,839,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in QTWO. CWM LLC grew its holdings in shares of Q2 by 54.2% during the second quarter. CWM LLC now owns 481 shares of the technology company's stock valued at $29,000 after buying an additional 169 shares during the last quarter. Natixis Advisors LLC raised its stake in Q2 by 1.4% in the 2nd quarter. Natixis Advisors LLC now owns 16,691 shares of the technology company's stock valued at $1,007,000 after purchasing an additional 237 shares during the last quarter. Panagora Asset Management Inc. grew its holdings in Q2 by 3.1% in the 2nd quarter. Panagora Asset Management Inc. now owns 13,659 shares of the technology company's stock valued at $824,000 after buying an additional 407 shares in the last quarter. Arizona State Retirement System grew its holdings in shares of Q2 by 2.6% during the 2nd quarter. Arizona State Retirement System now owns 16,537 shares of the technology company's stock worth $998,000 after purchasing an additional 423 shares during the period. Finally, RiverPark Advisors LLC increased its stake in Q2 by 9.6% during the 2nd quarter. RiverPark Advisors LLC now owns 6,737 shares of the technology company's stock worth $406,000 after buying an additional 591 shares during the period.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on QTWO shares. DA Davidson reaffirmed a "neutral" rating and set a $76.00 price objective on shares of Q2 in a report on Monday, September 30th. The Goldman Sachs Group upped their price objective on shares of Q2 from $59.00 to $86.00 and gave the stock a "buy" rating in a research report on Thursday, August 1st. Compass Point initiated coverage on shares of Q2 in a research note on Wednesday, September 4th. They set a "buy" rating and a $91.00 price target on the stock. Stifel Nicolaus upped their price target on shares of Q2 from $65.00 to $85.00 and gave the stock a "buy" rating in a research note on Thursday, August 1st. Finally, BTIG Research upped their price target on shares of Q2 from $75.00 to $82.00 and gave the stock a "buy" rating in a research note on Monday, August 26th. One analyst has rated the stock with a sell rating, five have given a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $73.64.

Insider Transactions at Q2

In related news, General Counsel Michael S. Kerr sold 517 shares of Q2 stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of $70.86, for a total transaction of $36,634.62. Following the completion of the sale, the general counsel now owns 61,130 shares of the company's stock, valued at approximately $4,331,671.80. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, General Counsel Michael S. Kerr sold 517 shares of Q2 stock in a transaction dated Wednesday, September 11th. The stock was sold at an average price of $70.86, for a total value of $36,634.62. Following the transaction, the general counsel now owns 61,130 shares in the company, valued at approximately $4,331,671.80. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Jonathan Price sold 11,000 shares of the company's stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $71.64, for a total value of $788,040.00. Following the transaction, the executive vice president now directly owns 215,079 shares of the company's stock, valued at $15,408,259.56. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 41,963 shares of company stock valued at $3,109,699 over the last ninety days. 3.00% of the stock is currently owned by insiders.

Q2 Stock Performance

Shares of QTWO stock traded up $0.31 during trading on Tuesday, reaching $84.81. 390,194 shares of the company's stock were exchanged, compared to its average volume of 581,595. The firm's fifty day moving average price is $77.53 and its 200-day moving average price is $67.23. The stock has a market capitalization of $5.11 billion, a PE ratio of -73.10 and a beta of 1.59. Q2 Holdings, Inc. has a twelve month low of $28.91 and a twelve month high of $85.41. The company has a quick ratio of 2.44, a current ratio of 2.44 and a debt-to-equity ratio of 1.02.

Q2 (NYSE:QTWO - Get Free Report) last posted its quarterly earnings results on Wednesday, July 31st. The technology company reported ($0.06) EPS for the quarter, missing analysts' consensus estimates of ($0.03) by ($0.03). The business had revenue of $172.89 million for the quarter, compared to analyst estimates of $170.67 million. Q2 had a negative return on equity of 3.95% and a negative net margin of 10.40%. As a group, sell-side analysts anticipate that Q2 Holdings, Inc. will post -0.01 EPS for the current year.

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.