Schwab Charles Investment Management Inc. raised its position in Q2 Holdings, Inc. (NYSE:QTWO) by 12.7% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 122,454 shares of the technology company’s stock after purchasing an additional 13,834 shares during the period. Schwab Charles Investment Management Inc. owned 0.30% of Q2 Holdings worth $4,525,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Dubuque Bank & Trust Co. purchased a new position in shares of Q2 Holdings during the 2nd quarter worth $102,000. SG Americas Securities LLC purchased a new position in shares of Q2 Holdings during the 1st quarter worth $109,000. Sei Investments Co. raised its holdings in shares of Q2 Holdings by 36.9% during the 2nd quarter. Sei Investments Co. now owns 3,557 shares of the technology company’s stock worth $131,000 after acquiring an additional 959 shares during the period. Blair William & Co. IL purchased a new position in shares of Q2 Holdings during the 1st quarter worth $243,000. Finally, Strs Ohio raised its holdings in shares of Q2 Holdings by 6.6% during the 2nd quarter. Strs Ohio now owns 8,100 shares of the technology company’s stock worth $299,000 after acquiring an additional 500 shares during the period. Institutional investors and hedge funds own 92.74% of the company’s stock.

Q2 Holdings, Inc. (QTWO) opened at 42.60 on Monday. The stock’s 50 day moving average price is $40.85 and its 200 day moving average price is $38.72. Q2 Holdings, Inc. has a 12-month low of $25.23 and a 12-month high of $43.03. The stock’s market cap is $1.76 billion.

Several research analysts have recently commented on the company. BidaskClub upgraded Q2 Holdings from a “hold” rating to a “buy” rating in a report on Sunday. Zacks Investment Research upgraded Q2 Holdings from a “sell” rating to a “hold” rating in a report on Tuesday, October 10th. Canaccord Genuity reiterated a “buy” rating and set a $43.00 price target on shares of Q2 Holdings in a report on Tuesday, August 1st. SunTrust Banks, Inc. assumed coverage on Q2 Holdings in a report on Monday, June 26th. They set a “buy” rating and a $45.00 price target on the stock. Finally, KeyCorp reiterated a “hold” rating on shares of Q2 Holdings in a report on Wednesday, September 13th. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $42.13.

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In related news, CEO Matthew P. Flake sold 30,000 shares of the stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $39.67, for a total transaction of $1,190,100.00. Following the transaction, the chief executive officer now directly owns 222,459 shares in the company, valued at $8,824,948.53. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director R. H. Seale sold 45,000 shares of the stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $41.95, for a total value of $1,887,750.00. Following the transaction, the director now owns 383,828 shares in the company, valued at $16,101,584.60. The disclosure for this sale can be found here. Insiders have sold 231,908 shares of company stock worth $9,361,627 over the last quarter. 24.50% of the stock is currently 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.

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

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