Nordea Investment Management AB Sells 13,729 Shares of Q2 Holdings, Inc. $QTWO

Nordea Investment Management AB cut its stake in shares of Q2 Holdings, Inc. (NYSE:QTWO) by 11.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 102,108 shares of the technology company’s stock after selling 13,729 shares during the period. Nordea Investment Management AB’s holdings in Q2 were worth $7,446,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its stake in Q2 by 13.5% in the third quarter. Vanguard Group Inc. now owns 7,912,306 shares of the technology company’s stock valued at $572,772,000 after buying an additional 941,672 shares during the period. Invesco Ltd. grew its position in shares of Q2 by 4.8% during the 2nd quarter. Invesco Ltd. now owns 2,803,611 shares of the technology company’s stock worth $262,390,000 after buying an additional 128,387 shares during the period. Wasatch Advisors LP grew its position in shares of Q2 by 2.9% during the 3rd quarter. Wasatch Advisors LP now owns 2,158,053 shares of the technology company’s stock worth $156,221,000 after buying an additional 60,016 shares during the period. William Blair Investment Management LLC increased its stake in shares of Q2 by 8.9% in the 3rd quarter. William Blair Investment Management LLC now owns 2,141,005 shares of the technology company’s stock valued at $154,987,000 after acquiring an additional 175,146 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA raised its position in shares of Q2 by 11.7% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,039,416 shares of the technology company’s stock valued at $147,633,000 after acquiring an additional 213,415 shares during the period.

Analyst Ratings Changes

QTWO has been the topic of several recent analyst reports. Truist Financial reduced their price objective on shares of Q2 from $110.00 to $75.00 and set a “buy” rating on the stock in a research note on Thursday, February 12th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Q2 in a research note on Thursday, January 22nd. Stifel Nicolaus set a $75.00 target price on shares of Q2 in a report on Thursday, February 12th. UBS Group set a $67.00 price target on shares of Q2 in a research report on Thursday, February 12th. Finally, JPMorgan Chase & Co. decreased their price target on shares of Q2 from $100.00 to $75.00 and set an “overweight” rating for the company in a report on Wednesday, February 18th. Eight equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, Q2 has an average rating of “Moderate Buy” and a consensus target price of $79.29.

Q2 Price Performance

NYSE:QTWO opened at $46.18 on Thursday. The business’s 50-day simple moving average is $54.82 and its 200-day simple moving average is $65.26. Q2 Holdings, Inc. has a fifty-two week low of $45.62 and a fifty-two week high of $96.68. The stock has a market capitalization of $2.88 billion, a PE ratio of 58.45 and a beta of 1.40.

Insider Activity

In other Q2 news, CEO Matthew P. Flake sold 20,613 shares of Q2 stock in a transaction that occurred on Monday, March 9th. The shares were sold at an average price of $51.35, for a total value of $1,058,477.55. Following the transaction, the chief executive officer owned 483,202 shares of the company’s stock, valued at approximately $24,812,422.70. The trade was a 4.09% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider John E. Breeden sold 6,076 shares of the company’s stock in a transaction that occurred on Monday, March 9th. The shares were sold at an average price of $51.35, for a total transaction of $312,002.60. Following the completion of the transaction, the insider owned 84,236 shares of the company’s stock, valued at $4,325,518.60. This trade represents a 6.73% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 411,087 shares of company stock worth $20,702,472. Corporate insiders own 0.31% of the company’s stock.

Q2 Profile

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.