Schwab Charles Investment Management Inc. Increases Position in Q2 Holdings, Inc. (QTWO)

Schwab Charles Investment Management Inc. boosted its position in shares of Q2 Holdings, Inc. (NYSE:QTWO) by 6.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 108,620 shares of the technology company’s stock after buying an additional 6,474 shares during the period. Schwab Charles Investment Management Inc.’s holdings in Q2 Holdings were worth $3,786,000 as of its most recent filing with the SEC.

Other institutional investors have also recently modified their holdings of the company. American International Group Inc. raised its position in shares of Q2 Holdings by 7.1% in the first quarter. American International Group Inc. now owns 15,740 shares of the technology company’s stock worth $549,000 after buying an additional 1,038 shares during the last quarter. SG Americas Securities LLC purchased a new position in shares of Q2 Holdings during the first quarter worth about $109,000. Bank of New York Mellon Corp raised its position in shares of Q2 Holdings by 4.3% in the first quarter. Bank of New York Mellon Corp now owns 107,841 shares of the technology company’s stock worth $3,757,000 after buying an additional 4,408 shares during the last quarter. First Mercantile Trust Co. raised its position in shares of Q2 Holdings by 249.8% in the first quarter. First Mercantile Trust Co. now owns 7,555 shares of the technology company’s stock worth $263,000 after buying an additional 5,395 shares during the last quarter. Finally, Teachers Advisors LLC raised its position in shares of Q2 Holdings by 13.3% in the fourth quarter. Teachers Advisors LLC now owns 46,352 shares of the technology company’s stock worth $1,337,000 after buying an additional 5,426 shares during the last quarter. 91.08% of the stock is owned by hedge funds and other institutional investors.

Q2 Holdings, Inc. (NYSE QTWO) traded down 1.56% during trading on Wednesday, hitting $37.80. 10,656 shares of the stock were exchanged. Q2 Holdings, Inc. has a 12-month low of $25.23 and a 12-month high of $40.50. The stock has a 50 day moving average price of $37.92 and a 200-day moving average price of $36.86. The firm’s market capitalization is $1.56 billion.

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A number of brokerages have recently commented on QTWO. Needham & Company LLC reiterated a “buy” rating and set a $44.00 price objective (up previously from $42.00) on shares of Q2 Holdings in a research report on Friday, May 5th. Canaccord Genuity reiterated a “buy” rating and set a $43.00 price objective on shares of Q2 Holdings in a research report on Monday, May 15th. SunTrust Banks, Inc. began coverage on Q2 Holdings in a research report on Monday, June 26th. They set a “buy” rating and a $45.00 price objective for the company. ValuEngine upgraded Q2 Holdings from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Finally, Zacks Investment Research downgraded Q2 Holdings from a “buy” rating to a “hold” rating in a research report on Thursday, August 10th. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $42.13.

In related news, CFO Jennifer Noel Harris sold 10,000 shares of the business’s stock in a transaction on Monday, May 22nd. The shares were sold at an average price of $39.38, for a total value of $393,800.00. Following the sale, the chief financial officer now directly owns 64,575 shares of the company’s stock, valued at approximately $2,542,963.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director R. H. Seale sold 85,000 shares of the business’s stock in a transaction on Friday, July 7th. The shares were sold at an average price of $36.85, for a total transaction of $3,132,250.00. Following the completion of the sale, the director now directly owns 383,903 shares in the company, valued at $14,146,825.55. The disclosure for this sale can be found here. Over the last three months, insiders have sold 380,277 shares of company stock worth $14,461,224. Insiders own 24.50% of the company’s stock.

About Q2 Holdings

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 Holdings (NYSE:QTWO)

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