Q2 Holdings, Inc. (NYSE:QTWO) Shares Sold by Motley Fool Wealth Management LLC

Motley Fool Wealth Management LLC trimmed its holdings in shares of Q2 Holdings, Inc. (NYSE:QTWO) by 1.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 138,235 shares of the technology company’s stock after selling 2,232 shares during the quarter. Motley Fool Wealth Management LLC owned approximately 0.23% of Q2 worth $11,027,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. CWM LLC increased its position in shares of Q2 by 54.2% during the second quarter. CWM LLC now owns 481 shares of the technology company’s stock worth $29,000 after purchasing an additional 169 shares in the last quarter. International Assets Investment Management LLC lifted its stake in shares of Q2 by 7,878.3% in the third quarter. International Assets Investment Management LLC now owns 1,835 shares of the technology company’s stock worth $146,000 after buying an additional 1,812 shares in the last quarter. Asset Management One Co. Ltd. boosted its position in Q2 by 108.1% during the third quarter. Asset Management One Co. Ltd. now owns 1,856 shares of the technology company’s stock worth $148,000 after acquiring an additional 964 shares during the last quarter. Quest Partners LLC purchased a new stake in Q2 during the 2nd quarter valued at about $153,000. Finally, Marco Investment Management LLC acquired a new stake in Q2 in the 3rd quarter valued at about $207,000.

Insider Transactions at Q2

In other Q2 news, Director James Offerdahl sold 548 shares of the company’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 sale, the director now directly owns 18,241 shares of the company’s stock, valued at $1,914,392.95. This represents a 2.92 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CRO Michael A. Volanoski sold 1,428 shares of the business’s stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $71.93, for a total value of $102,716.04. Following the completion of the transaction, the executive now directly owns 227,672 shares in the company, valued at approximately $16,376,446.96. The trade was a 0.62 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 2,493 shares of company stock worth $196,863. Corporate insiders own 3.00% of the company’s stock.

Q2 Price Performance

QTWO stock opened at $109.18 on Wednesday. The stock has a market cap of $6.59 billion, a price-to-earnings ratio of -113.73 and a beta of 1.60. Q2 Holdings, Inc. has a fifty-two week low of $36.93 and a fifty-two week high of $111.85. The company has a quick ratio of 2.50, a current ratio of 2.50 and a debt-to-equity ratio of 0.99. The business has a 50 day moving average price of $90.00 and a 200 day moving average price of $74.96.

Analysts Set New Price Targets

QTWO has been the topic of several recent research reports. The Goldman Sachs Group boosted their price target on shares of Q2 from $86.00 to $103.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Royal Bank of Canada increased their price target on shares of Q2 from $76.00 to $105.00 and gave the company a “sector perform” rating in a research note on Thursday, November 7th. Needham & Company LLC upped their price objective on Q2 from $90.00 to $120.00 and gave the company a “buy” rating in a report on Thursday, November 7th. BTIG Research raised their target price on Q2 from $75.00 to $82.00 and gave the stock a “buy” rating in a research note on Monday, August 26th. Finally, Compass Point upped their price target on Q2 from $91.00 to $107.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Five research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $91.50.

About Q2

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.