Handelsbanken Fonder AB Acquires 188,600 Shares of Q2 Holdings, Inc. $QTWO

Handelsbanken Fonder AB raised its holdings in shares of Q2 Holdings, Inc. (NYSE:QTWO) by 35.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 713,816 shares of the technology company’s stock after purchasing an additional 188,600 shares during the quarter. Handelsbanken Fonder AB owned approximately 1.14% of Q2 worth $51,673,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of QTWO. Advisors Asset Management Inc. lifted its stake in shares of Q2 by 35.0% during the 1st quarter. Advisors Asset Management Inc. now owns 849 shares of the technology company’s stock worth $68,000 after buying an additional 220 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Q2 by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 35,033 shares of the technology company’s stock valued at $2,803,000 after acquiring an additional 1,525 shares during the period. Goldman Sachs Group Inc. lifted its position in Q2 by 21.6% during the first quarter. Goldman Sachs Group Inc. now owns 537,717 shares of the technology company’s stock worth $43,023,000 after acquiring an additional 95,440 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of Q2 by 3.9% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 186,318 shares of the technology company’s stock worth $14,907,000 after acquiring an additional 6,909 shares during the period. Finally, Ethic Inc. acquired a new position in shares of Q2 in the second quarter valued at approximately $302,000.

Insider Buying and Selling at Q2

In other Q2 news, CRO Michael A. Volanoski sold 5,123 shares of Q2 stock in a transaction dated Friday, December 12th. The stock was sold at an average price of $75.46, for a total value of $386,581.58. Following the transaction, the executive owned 166,512 shares in the company, valued at $12,564,995.52. The trade was a 2.98% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, COO Himagiri K. Mukkamala sold 3,024 shares of the stock in a transaction dated Wednesday, December 10th. The stock was sold at an average price of $73.68, for a total transaction of $222,808.32. Following the completion of the transaction, the chief operating officer directly owned 96,046 shares of the company’s stock, valued at $7,076,669.28. This trade represents a 3.05% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 20,883 shares of company stock valued at $1,547,778. 0.31% of the stock is currently owned by corporate insiders.

Q2 Trading Down 0.8%

Shares of NYSE:QTWO opened at $48.01 on Friday. The firm has a 50 day moving average of $62.83 and a 200-day moving average of $68.75. Q2 Holdings, Inc. has a 12 month low of $46.16 and a 12 month high of $96.68. The stock has a market capitalization of $3.00 billion, a PE ratio of 60.77 and a beta of 1.36.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Wall Street Zen upgraded Q2 from a “buy” rating to a “strong-buy” rating in a research note on Saturday, February 21st. Stifel Nicolaus set a $75.00 target price on shares of Q2 in a research report on Thursday, February 12th. Royal Bank Of Canada lowered their price target on shares of Q2 from $86.00 to $67.00 and set a “sector perform” rating on the stock in a research report on Thursday, February 12th. DA Davidson raised shares of Q2 from a “neutral” rating to a “buy” rating and set a $82.00 price objective for the company in a report on Tuesday, February 3rd. Finally, Stephens set a $90.00 target price on shares of Q2 in a research report on Friday, January 16th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $79.29.

About Q2

Q2 Holdings, Inc develops and delivers cloud-based digital banking solutions that enable banks and credit unions to enhance customer and member experiences. The company’s core offerings include the Q2 Platform, a comprehensive suite of online and mobile banking applications for retail and commercial customers, as well as digital onboarding, payments, and fraud prevention tools. Q2’s platform also provides analytics and reporting capabilities designed to help financial institutions tailor products, optimize workflows, and drive engagement.

Founded in 2004 and headquartered in Austin, Texas, Q2 serves hundreds of financial institutions across the United States and Canada.