Mitsubishi UFJ Asset Management Co. Ltd. Has $229,000 Stock Position in Q2 Holdings, Inc. (NYSE:QTWO)

Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in shares of Q2 Holdings, Inc. (NYSE:QTWO) by 10.0% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,861 shares of the technology company’s stock after purchasing an additional 259 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Q2 were worth $229,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the company. Conestoga Capital Advisors LLC lifted its position in shares of Q2 by 1.6% in the first quarter. Conestoga Capital Advisors LLC now owns 1,957,893 shares of the technology company’s stock worth $156,651,000 after buying an additional 30,480 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its position in shares of Q2 by 28.1% in the first quarter. Massachusetts Financial Services Co. MA now owns 1,724,135 shares of the technology company’s stock worth $137,948,000 after buying an additional 378,394 shares during the last quarter. Capital Research Global Investors lifted its position in shares of Q2 by 11.2% in the fourth quarter. Capital Research Global Investors now owns 1,518,376 shares of the technology company’s stock worth $152,825,000 after buying an additional 152,872 shares during the last quarter. Jennison Associates LLC lifted its position in shares of Q2 by 3.3% in the first quarter. Jennison Associates LLC now owns 1,301,772 shares of the technology company’s stock worth $104,155,000 after buying an additional 41,412 shares during the last quarter. Finally, Ameriprise Financial Inc. lifted its position in shares of Q2 by 105.8% in the fourth quarter. Ameriprise Financial Inc. now owns 1,012,787 shares of the technology company’s stock worth $101,937,000 after buying an additional 520,649 shares during the last quarter.

Insider Buying and Selling

In related news, CRO Michael A. Volanoski sold 1,428 shares of the business’s stock in a transaction on Thursday, June 12th. The stock was sold at an average price of $88.88, for a total value of $126,920.64. Following the sale, the executive owned 175,812 shares of the company’s stock, valued at $15,626,170.56. The trade was a 0.81% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director James Offerdahl sold 1,000 shares of the company’s stock in a transaction on Thursday, May 22nd. The shares were sold at an average price of $87.77, for a total value of $87,770.00. Following the completion of the sale, the director owned 16,241 shares in the company, valued at $1,425,472.57. This trade represents a 5.80% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 4,380 shares of company stock valued at $378,554. 0.31% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. JPMorgan Chase & Co. assumed coverage on Q2 in a research report on Wednesday, June 18th. They issued an “overweight” rating and a $115.00 price target for the company. Cantor Fitzgerald assumed coverage on Q2 in a research report on Tuesday, June 3rd. They issued an “overweight” rating and a $110.00 price target for the company. Stifel Nicolaus boosted their price target on Q2 from $105.00 to $110.00 and gave the stock a “buy” rating in a research report on Thursday, July 31st. Robert W. Baird boosted their price target on Q2 from $84.00 to $90.00 and gave the stock a “neutral” rating in a research report on Thursday, May 8th. Finally, Raymond James Financial cut their price objective on Q2 from $110.00 to $105.00 and set an “outperform” rating for the company in a research report on Thursday, May 8th. Eight investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat.com, Q2 has a consensus rating of “Moderate Buy” and a consensus target price of $101.06.

Q2 Stock Down 1.9%

Q2 stock opened at $74.92 on Friday. The business has a 50 day moving average price of $87.68 and a two-hundred day moving average price of $85.03. The stock has a market cap of $4.68 billion, a price-to-earnings ratio of 1,498.78 and a beta of 1.47. Q2 Holdings, Inc. has a 12 month low of $63.61 and a 12 month high of $112.82.

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.