Assenagon Asset Management S.A. Has $8.41 Million Position in Q2 Holdings, Inc. (NYSE:QTWO)

Assenagon Asset Management S.A. lessened its holdings in Q2 Holdings, Inc. (NYSE:QTWO) by 15.0% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 83,542 shares of the technology company’s stock after selling 14,733 shares during the period. Assenagon Asset Management S.A.’s holdings in Q2 were worth $8,409,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Quarry LP grew its stake in shares of Q2 by 988.2% in the 3rd quarter. Quarry LP now owns 370 shares of the technology company’s stock valued at $30,000 after purchasing an additional 336 shares during the period. CWM LLC grew its position in Q2 by 199.8% in the third quarter. CWM LLC now owns 1,442 shares of the technology company’s stock valued at $115,000 after acquiring an additional 961 shares during the period. International Assets Investment Management LLC raised its stake in Q2 by 7,878.3% during the third quarter. International Assets Investment Management LLC now owns 1,835 shares of the technology company’s stock worth $146,000 after acquiring an additional 1,812 shares in the last quarter. Asset Management One Co. Ltd. lifted its holdings in shares of Q2 by 108.1% during the third quarter. Asset Management One Co. Ltd. now owns 1,856 shares of the technology company’s stock valued at $148,000 after acquiring an additional 964 shares during the period. Finally, Diversified Trust Co acquired a new stake in shares of Q2 in the 4th quarter valued at $203,000.

Q2 Stock Up 0.5 %

Shares of NYSE QTWO opened at $93.84 on Monday. Q2 Holdings, Inc. has a 1 year low of $40.60 and a 1 year high of $112.82. The firm’s 50-day moving average is $102.24 and its 200-day moving average is $84.59. The company has a current ratio of 2.50, a quick ratio of 2.50 and a debt-to-equity ratio of 0.99. The firm has a market capitalization of $5.67 billion, a PE ratio of -97.75 and a beta of 1.61.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. The Goldman Sachs Group lifted their price target on shares of Q2 from $86.00 to $103.00 and gave the company a “buy” rating in a report on Thursday, November 7th. DA Davidson lifted their target price on shares of Q2 from $76.00 to $86.00 and gave the company a “neutral” rating in a research note on Monday, November 11th. Stifel Nicolaus increased their price target on Q2 from $100.00 to $115.00 and gave the stock a “buy” rating in a research report on Wednesday, December 18th. Morgan Stanley raised their price target on Q2 from $65.00 to $90.00 and gave the company an “equal weight” rating in a report on Thursday, November 7th. Finally, Robert W. Baird reissued a “neutral” rating and issued a $99.00 price objective (up previously from $89.00) on shares of Q2 in a research note on Friday, January 10th. Seven analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $98.07.

Insider Activity at Q2

In other news, Director James Offerdahl sold 548 shares of the company’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $104.95, for a total value 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 sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CRO Michael A. Volanoski sold 4,178 shares of Q2 stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $106.00, for a total transaction of $442,868.00. Following the transaction, the executive now directly owns 223,494 shares in the company, valued at $23,690,364. The trade was a 1.84 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 28,836 shares of company stock worth $3,061,035 over the last ninety days. Company insiders own 3.00% of the company’s stock.

Q2 Company Profile

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.