Wells Fargo & Company MN lowered its stake in shares of Q2 Holdings, Inc. (NYSE:QTWO) by 38.0% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,504,372 shares of the technology company’s stock after selling 923,245 shares during the period. Wells Fargo & Company MN owned approximately 3.61% of Q2 worth $62,657,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. Ameritas Investment Partners Inc. lifted its holdings in shares of Q2 by 38.1% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 2,751 shares of the technology company’s stock valued at $102,000 after purchasing an additional 759 shares in the last quarter. Oppenheimer Asset Management Inc. lifted its holdings in shares of Q2 by 16,455.6% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 2,980 shares of the technology company’s stock valued at $110,000 after purchasing an additional 2,962 shares in the last quarter. Pacad Investment Ltd. bought a new position in shares of Q2 during the 2nd quarter valued at about $111,000. BNP Paribas Arbitrage SA lifted its holdings in shares of Q2 by 2,468.1% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 3,467 shares of the technology company’s stock valued at $128,000 after purchasing an additional 3,332 shares in the last quarter. Finally, Sei Investments Co. lifted its holdings in shares of Q2 by 36.9% during the 2nd quarter. Sei Investments Co. now owns 3,557 shares of the technology company’s stock valued at $131,000 after purchasing an additional 959 shares in the last quarter. Hedge funds and other institutional investors own 91.41% of the company’s stock.

Q2 Holdings, Inc. (QTWO) traded down $0.40 during midday trading on Friday, reaching $40.50. The company’s stock had a trading volume of 120,700 shares, compared to its average volume of 220,398. Q2 Holdings, Inc. has a 12-month low of $28.30 and a 12-month high of $44.35.

Q2 (NYSE:QTWO) last released 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. The firm had revenue of $50.10 million for the quarter, compared to analysts’ expectations of $50.05 million. Q2 had a negative return on equity of 20.50% and a negative net margin of 15.27%. The business’s quarterly revenue was up 30.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.24) EPS. equities research analysts expect that Q2 Holdings, Inc. will post -0.48 earnings per share for the current fiscal year.

Several equities analysts have recently weighed in on QTWO shares. KeyCorp reiterated a “hold” rating on shares of Q2 in a report on Wednesday, September 13th. BidaskClub upgraded Q2 from a “hold” rating to a “buy” rating in a report on Tuesday, October 3rd. Zacks Investment Research cut Q2 from a “hold” rating to a “sell” rating in a report on Wednesday, October 4th. BTIG Research restated a “buy” rating and issued a $47.00 target price on shares of Q2 in a research note on Sunday, November 5th. Finally, SunTrust Banks restated a “buy” rating on shares of Q2 in a research note on Friday, November 3rd. Six investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $44.90.

In related news, SVP Barry G. Benton sold 1,500 shares of the business’s stock in a transaction that occurred on Monday, November 13th. The stock was sold at an average price of $42.69, for a total transaction of $64,035.00. Following the transaction, the senior vice president now directly owns 23,487 shares of the company’s stock, valued at approximately $1,002,660.03. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Adam D. Blue sold 30,000 shares of the business’s stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $40.82, for a total value of $1,224,600.00. Following the transaction, the insider now directly owns 50,805 shares in the company, valued at $2,073,860.10. The disclosure for this sale can be found here. Insiders have sold a total of 1,001,575 shares of company stock worth $41,541,893 in the last ninety days. Insiders own 24.50% of the company’s stock.

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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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