Thrivent Financial For Lutherans Maintains Holdings in Q2 Holdings, Inc. (QTWO)
Thrivent Financial For Lutherans held its position in shares of Q2 Holdings, Inc. (NYSE:QTWO) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 330,105 shares of the technology company’s stock at the end of the 2nd quarter. Thrivent Financial For Lutherans owned approximately 0.80% of Q2 Holdings worth $12,197,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. UBS Asset Management Americas Inc. acquired a new stake in shares of Q2 Holdings during the first quarter worth $431,000. Renaissance Technologies LLC acquired a new stake in shares of Q2 Holdings in the 1st quarter worth about $2,649,000. Hennessy Advisors Inc. acquired a new stake in shares of Q2 Holdings in the 2nd quarter worth about $924,000. William Blair Investment Management LLC increased its holdings in shares of Q2 Holdings by 39.7% in the 2nd quarter. William Blair Investment Management LLC now owns 214,696 shares of the technology company’s stock worth $7,933,000 after acquiring an additional 61,059 shares during the period. Finally, OppenheimerFunds Inc. acquired a new stake in shares of Q2 Holdings in the 1st quarter worth about $21,406,000. Institutional investors own 92.74% of the company’s stock.
In other news, President Odus Edward Wittenburg, Jr. sold 21,250 shares of the business’s stock in a transaction dated Wednesday, August 23rd. The stock was sold at an average price of $39.89, for a total transaction of $847,662.50. Following the completion of the transaction, the president now directly owns 75,660 shares in the company, valued at approximately $3,018,077.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Adam D. Blue sold 35,000 shares of the business’s stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $39.67, for a total value of $1,388,450.00. Following the transaction, the insider now owns 75,805 shares of the company’s stock, valued at $3,007,184.35. The disclosure for this sale can be found here. Insiders have sold a total of 327,908 shares of company stock valued at $12,416,257 over the last 90 days. Corporate insiders own 24.50% of the company’s stock.
Q2 Holdings, Inc. (QTWO) opened at 39.40 on Friday. Q2 Holdings, Inc. has a one year low of $25.23 and a one year high of $41.70. The firm has a 50 day moving average of $39.38 and a 200 day moving average of $37.99. The firm’s market capitalization is $1.63 billion.
Several research firms have commented on QTWO. KeyCorp reissued a “hold” rating on shares of Q2 Holdings in a research note on Wednesday, September 13th. Zacks Investment Research cut shares of Q2 Holdings from a “buy” rating to a “hold” rating in a research note on Thursday, August 10th. Canaccord Genuity reissued a “buy” rating and set a $43.00 target price on shares of Q2 Holdings in a research note on Tuesday, August 1st. SunTrust Banks, Inc. began coverage on shares of Q2 Holdings in a research note on Monday, June 26th. They set a “buy” rating and a $45.00 target price on the stock. Finally, ValuEngine raised shares of Q2 Holdings from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $42.13.
About Q2 Holdings
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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