Q2 Holdings, Inc. (NYSE:QTWO) Shares Sold by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC cut its holdings in shares of Q2 Holdings, Inc. (NYSE:QTWO - Free Report) by 13.2% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 107,969 shares of the technology company's stock after selling 16,418 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.18% of Q2 worth $8,613,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. CWM LLC raised its holdings in 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 acquiring an additional 169 shares during the period. Natixis Advisors LLC increased its holdings in shares of Q2 by 1.4% in the second quarter. Natixis Advisors LLC now owns 16,691 shares of the technology company's stock worth $1,007,000 after purchasing an additional 237 shares during the last quarter. Panagora Asset Management Inc. increased its holdings in shares of Q2 by 3.1% in the second quarter. Panagora Asset Management Inc. now owns 13,659 shares of the technology company's stock worth $824,000 after purchasing an additional 407 shares during the last quarter. Arizona State Retirement System increased its holdings in shares of Q2 by 2.6% in the second 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 last quarter. Finally, RiverPark Advisors LLC increased its holdings in shares of Q2 by 9.6% in the second quarter. RiverPark Advisors LLC now owns 6,737 shares of the technology company's stock worth $406,000 after purchasing an additional 591 shares during the last quarter.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on QTWO shares. DA Davidson lifted their target price on Q2 from $76.00 to $86.00 and gave the stock a "neutral" rating in a report on Monday, November 11th. Compass Point lifted their target price on Q2 from $91.00 to $107.00 and gave the stock a "buy" rating in a report on Thursday, November 7th. Royal Bank of Canada lifted their price target on Q2 from $76.00 to $105.00 and gave the stock a "sector perform" rating in a research report on Thursday, November 7th. Morgan Stanley lifted their price target on Q2 from $65.00 to $90.00 and gave the stock an "equal weight" rating in a research report on Thursday, November 7th. Finally, The Goldman Sachs Group lifted their price target on Q2 from $86.00 to $103.00 and gave the stock a "buy" rating in a research report on Thursday, November 7th. Five equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $91.50.

Insider Activity at Q2

In related news, General Counsel Michael S. Kerr sold 517 shares of the business's stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $70.86, for a total value of $36,634.62. Following the completion of the transaction, the general counsel now owns 61,130 shares of the company's stock, valued at $4,331,671.80. The trade was a 0.84 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director James Offerdahl sold 548 shares of the business's stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $104.95, for a total transaction of $57,512.60. Following the completion of the transaction, the director now directly owns 18,241 shares of the company's stock, valued at $1,914,392.95. This trade represents a 2.92 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 2,493 shares of company stock worth $196,863. Company insiders own 3.00% of the company's stock.

Q2 Trading Down 4.0 %

Shares of NYSE QTWO traded down $4.39 during trading hours on Monday, reaching $106.46. The stock had a trading volume of 607,487 shares, compared to its average volume of 605,401. The company has a current ratio of 2.50, a quick ratio of 2.50 and a debt-to-equity ratio of 0.99. The firm has a market cap of $6.43 billion, a price-to-earnings ratio of -110.89 and a beta of 1.60. The business's fifty day moving average price is $92.44 and its two-hundred day moving average price is $76.27. Q2 Holdings, Inc. has a 52-week low of $36.96 and a 52-week high of $112.82.

Q2 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.