M&T Bank Corp Has $214,000 Holdings in Q2 Holdings, Inc. (NYSE:QTWO)

M&T Bank Corp lessened its holdings in Q2 Holdings, Inc. (NYSE:QTWO) by 10.7% during the first quarter, HoldingsChannel reports. The fund owned 2,672 shares of the technology company’s stock after selling 320 shares during the quarter. M&T Bank Corp’s holdings in Q2 were worth $214,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Conestoga Capital Advisors LLC grew its position in Q2 by 1.6% in the 1st quarter. Conestoga Capital Advisors LLC now owns 1,957,893 shares of the technology company’s stock worth $156,651,000 after purchasing an additional 30,480 shares in the last quarter. Capital Research Global Investors grew its position in Q2 by 11.2% in the 4th quarter. Capital Research Global Investors now owns 1,518,376 shares of the technology company’s stock worth $152,825,000 after purchasing an additional 152,872 shares in the last quarter. Geode Capital Management LLC grew its position in Q2 by 2.7% in the 4th quarter. Geode Capital Management LLC now owns 1,389,181 shares of the technology company’s stock worth $140,175,000 after purchasing an additional 36,025 shares in the last quarter. Massachusetts Financial Services Co. MA grew its position in Q2 by 107.9% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,345,741 shares of the technology company’s stock worth $135,449,000 after purchasing an additional 698,464 shares in the last quarter. Finally, Ameriprise Financial Inc. grew its position in Q2 by 105.8% in the 4th quarter. Ameriprise Financial Inc. now owns 1,012,787 shares of the technology company’s stock worth $101,937,000 after purchasing an additional 520,649 shares in the last quarter.

Insider Buying and Selling

In other Q2 news, CRO Michael A. Volanoski sold 1,428 shares of the stock in a transaction that occurred on Thursday, June 12th. The shares were sold at an average price of $88.88, for a total value of $126,920.64. Following the sale, the executive directly owned 175,812 shares in the company, valued at $15,626,170.56. This represents a 0.81% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, General Counsel Michael S. Kerr sold 397 shares of the stock in a transaction that occurred on Wednesday, May 14th. The stock was sold at an average price of $92.90, for a total transaction of $36,881.30. Following the completion of the sale, the general counsel owned 58,441 shares in the company, valued at $5,429,168.90. This represents a 0.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 3,991 shares of company stock valued at $357,153. Company insiders own 0.31% of the company’s stock.

Q2 Stock Down 0.5%

QTWO opened at $90.94 on Friday. The company has a 50 day moving average of $90.38 and a 200 day moving average of $86.83. The company has a market cap of $5.67 billion, a PE ratio of -259.83 and a beta of 1.48. Q2 Holdings, Inc. has a 12 month low of $61.51 and a 12 month high of $112.82. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 0.55.

Analyst Upgrades and Downgrades

QTWO has been the subject of a number of recent analyst reports. Morgan Stanley upped their price objective on shares of Q2 from $89.00 to $93.00 and gave the stock an “equal weight” rating in a research report on Thursday, May 8th. Stifel Nicolaus increased their target price on shares of Q2 from $100.00 to $105.00 and gave the company a “buy” rating in a research report on Thursday, May 8th. Royal Bank Of Canada decreased their price target on shares of Q2 from $108.00 to $101.00 and set a “sector perform” rating for the company in a research note on Thursday, May 8th. The Goldman Sachs Group decreased their price target on shares of Q2 from $119.00 to $106.00 and set a “buy” rating for the company in a research note on Friday, March 28th. Finally, Robert W. Baird raised their price target on shares of Q2 from $84.00 to $90.00 and gave the stock a “neutral” rating in a research note on Thursday, May 8th. Eight equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $100.41.

About Q2

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.