Q2 Holdings Inc (QTWO) Shares Bought by Bank of New York Mellon Corp

Bank of New York Mellon Corp grew its holdings in shares of Q2 Holdings Inc (NYSE:QTWO) by 2.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 150,693 shares of the technology company’s stock after acquiring an additional 3,859 shares during the quarter. Bank of New York Mellon Corp owned 0.36% of Q2 worth $6,278,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Goldman Sachs Group Inc. increased its stake in shares of Q2 by 1.1% in the second quarter. Goldman Sachs Group Inc. now owns 67,332 shares of the technology company’s stock valued at $2,487,000 after buying an additional 701 shares during the period. Ameritas Investment Partners Inc. increased its stake in shares of Q2 by 38.1% in the second quarter. Ameritas Investment Partners Inc. now owns 2,751 shares of the technology company’s stock valued at $102,000 after buying an additional 759 shares during the period. Sei Investments Co. increased its stake in shares of Q2 by 36.9% in the second quarter. Sei Investments Co. now owns 3,557 shares of the technology company’s stock valued at $131,000 after buying an additional 959 shares during the period. Legal & General Group Plc increased its stake in shares of Q2 by 19.7% in the second quarter. Legal & General Group Plc now owns 7,256 shares of the technology company’s stock valued at $269,000 after buying an additional 1,195 shares during the period. Finally, Blair William & Co. IL increased its stake in shares of Q2 by 26.5% in the second quarter. Blair William & Co. IL now owns 8,830 shares of the technology company’s stock valued at $326,000 after buying an additional 1,850 shares during the period. 91.41% of the stock is owned by hedge funds and other institutional investors.

Several research firms have recently issued reports on QTWO. JPMorgan Chase & Co. downgraded Q2 from an “overweight” rating to a “neutral” rating and set a $50.00 price objective for the company. in a research note on Tuesday, December 12th. DA Davidson began coverage on Q2 in a research note on Thursday, November 16th. They issued a “neutral” rating and a $38.00 price objective for the company. BidaskClub raised Q2 from a “hold” rating to a “buy” rating in a research note on Tuesday, November 14th. BTIG Research reaffirmed a “buy” rating and issued a $47.00 price objective on shares of Q2 in a research note on Sunday, November 5th. Finally, SunTrust Banks reaffirmed a “buy” rating on shares of Q2 in a research note on Friday, November 3rd. Seven investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $45.36.

In other Q2 news, Director R. H. Seale sold 45,000 shares of the stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $41.95, for a total transaction of $1,887,750.00. Following the transaction, the director now directly owns 383,828 shares in the company, valued at approximately $16,101,584.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director R. H. Seale sold 10,560 shares of the stock in a transaction that occurred on Thursday, December 14th. The stock was sold at an average price of $38.72, for a total value of $408,883.20. Following the transaction, the director now owns 383,828 shares in the company, valued at $14,861,820.16. The disclosure for this sale can be found here. Insiders sold 992,086 shares of company stock worth $41,160,530 over the last quarter. 24.50% of the stock is currently owned by company insiders.

Shares of Q2 Holdings Inc (NYSE QTWO) opened at $36.85 on Friday. Q2 Holdings Inc has a twelve month low of $28.30 and a twelve month high of $44.35. The company has a market capitalization of $1,535.63, a P/E ratio of -53.41 and a beta of 1.52.

Q2 (NYSE:QTWO) last announced its earnings results on Wednesday, November 1st. The technology company reported $0.03 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.02) by $0.05. Q2 had a negative return on equity of 20.50% and a negative net margin of 15.27%. The business had revenue of $50.10 million for the quarter, compared to analysts’ expectations of $50.05 million. During the same period in the prior year, the business posted ($0.24) earnings per share. The firm’s revenue was up 30.8% on a year-over-year basis. equities analysts expect that Q2 Holdings Inc will post -0.48 EPS for the current fiscal year.

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About Q2

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 (NYSE:QTWO)

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