Vanguard Group Inc. raised its position in shares of Q2 Holdings, Inc. (NYSE:QTWO) by 7.7% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 1,232,160 shares of the technology company’s stock after buying an additional 87,771 shares during the period. Vanguard Group Inc.’s holdings in Q2 Holdings were worth $42,941,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Columbia Wanger Asset Management LLC boosted its position in Q2 Holdings by 241.4% in the first quarter. Columbia Wanger Asset Management LLC now owns 1,005,436 shares of the technology company’s stock worth $35,039,000 after buying an additional 710,954 shares during the last quarter. OppenheimerFunds Inc. purchased a new position in Q2 Holdings during the first quarter worth approximately $21,406,000. MARSHALL WACE ASIA Ltd purchased a new position in Q2 Holdings during the first quarter worth approximately $8,395,000. Marshall Wace North America L.P. purchased a new position in Q2 Holdings during the first quarter worth approximately $8,395,000. Finally, JPMorgan Chase & Co. boosted its position in Q2 Holdings by 8.7% in the first quarter. JPMorgan Chase & Co. now owns 2,753,225 shares of the technology company’s stock worth $95,950,000 after buying an additional 220,164 shares during the last quarter. 93.99% of the stock is currently owned by hedge funds and other institutional investors.

Q2 Holdings, Inc. (NYSE QTWO) traded up 3.45% during mid-day trading on Friday, reaching $37.50. 249,697 shares of the company traded hands. The stock has a 50 day moving average price of $37.86 and a 200-day moving average price of $36.71. Q2 Holdings, Inc. has a 52-week low of $25.23 and a 52-week high of $40.50. The company’s market capitalization is $1.55 billion.

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QTWO has been the topic of a number of recent research reports. Canaccord Genuity reissued a “buy” rating and set a $43.00 target price on shares of Q2 Holdings in a research report on Monday, May 15th. BTIG Research raised shares of Q2 Holdings from a “neutral” rating to a “buy” rating and set a $47.00 target price on the stock in a research report on Monday, May 15th. Needham & Company LLC reissued a “buy” rating and set a $44.00 target price (up from $42.00) on shares of Q2 Holdings in a research report on Friday, May 5th. Zacks Investment Research raised shares of Q2 Holdings from a “hold” rating to a “buy” rating and set a $42.00 target price on the stock in a research report on Wednesday. Finally, SunTrust Banks, Inc. initiated coverage on shares of Q2 Holdings in a research report on Monday, June 26th. They set a “buy” rating and a $45.00 target price on the stock. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Q2 Holdings presently has an average rating of “Buy” and an average price target of $42.13.

In other news, Director R. H. Seale sold 85,000 shares of the stock in a transaction that occurred on Friday, July 7th. The stock was sold at an average price of $36.85, for a total value of $3,132,250.00. Following the completion of the sale, the director now directly owns 383,903 shares of the company’s stock, valued at $14,146,825.55. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director James Offerdahl sold 1,000 shares of the stock in a transaction that occurred on Thursday, June 15th. The shares were sold at an average price of $37.63, for a total value of $37,630.00. Following the completion of the sale, the director now directly owns 6,043 shares of the company’s stock, valued at $227,398.09. The disclosure for this sale can be found here. Insiders sold 380,277 shares of company stock valued at $14,461,224 over the last three months. 24.50% of the stock is owned by company insiders.

Q2 Holdings Company Profile

Q2 Holdings, Inc is a provider of cloud-based digital banking solutions. The Company enables regional and community financial institutions (RCFIs), to deliver a suite of integrated digital banking services. The Company’s solutions all operate on a common platform that supports the delivery of unified digital banking services across online, mobile and voice channels.

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Institutional Ownership by Quarter for Q2 Holdings (NYSE:QTWO)

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