abrdn plc Has $30.11 Million Stock Position in Q2 Holdings, Inc. (NYSE:QTWO)

abrdn plc lowered its stake in Q2 Holdings, Inc. (NYSE:QTWO) by 28.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 298,864 shares of the technology company’s stock after selling 118,358 shares during the quarter. abrdn plc owned about 0.49% of Q2 worth $30,105,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Quarry LP increased its position in shares of Q2 by 988.2% in the 3rd quarter. Quarry LP now owns 370 shares of the technology company’s stock valued at $30,000 after buying an additional 336 shares in the last quarter. CWM LLC increased its holdings in Q2 by 199.8% during the 3rd quarter. CWM LLC now owns 1,442 shares of the technology company’s stock worth $115,000 after purchasing an additional 961 shares in the last quarter. International Assets Investment Management LLC increased its holdings in Q2 by 7,878.3% during the 3rd quarter. International Assets Investment Management LLC now owns 1,835 shares of the technology company’s stock worth $146,000 after purchasing an additional 1,812 shares in the last quarter. Asset Management One Co. Ltd. increased its holdings in Q2 by 108.1% during the 3rd quarter. Asset Management One Co. Ltd. now owns 1,856 shares of the technology company’s stock worth $148,000 after purchasing an additional 964 shares in the last quarter. Finally, Heck Capital Advisors LLC bought a new position in Q2 during the 4th quarter worth about $191,000.

Insider Transactions at Q2

In other news, Director James Offerdahl sold 548 shares of the firm’s stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $104.95, for a total transaction of $57,512.60. Following the transaction, the director now directly owns 18,241 shares of the company’s stock, valued at approximately $1,914,392.95. This trade represents a 2.92 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, President Kirk L. Coleman sold 8,559 shares of the business’s stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of $106.00, for a total transaction of $907,254.00. Following the transaction, the president now owns 340,903 shares of the company’s stock, valued at approximately $36,135,718. This represents a 2.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 28,836 shares of company stock valued at $3,061,035. 3.00% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Stephens increased their price objective on shares of Q2 from $75.00 to $100.00 and gave the stock an “overweight” rating in a research note on Thursday, November 7th. Piper Sandler increased their price objective on shares of Q2 from $74.00 to $93.00 and gave the stock a “neutral” rating in a research note on Thursday, November 7th. Morgan Stanley increased their price objective on shares of Q2 from $65.00 to $90.00 and gave the stock an “equal weight” rating in a research note on Thursday, November 7th. Royal Bank of Canada increased their price objective on shares of Q2 from $76.00 to $105.00 and gave the stock a “sector perform” rating in a research note on Thursday, November 7th. Finally, Stifel Nicolaus increased their price objective on shares of Q2 from $100.00 to $115.00 and gave the stock a “buy” rating in a research note on Wednesday, December 18th. Seven research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $98.07.

Q2 Trading Down 1.8 %

Shares of QTWO stock opened at $93.34 on Thursday. The firm has a 50 day moving average price of $100.34 and a two-hundred day moving average price of $87.20. The company has a quick ratio of 2.50, a current ratio of 2.50 and a debt-to-equity ratio of 0.99. The company has a market capitalization of $5.64 billion, a PE ratio of -97.22 and a beta of 1.61. Q2 Holdings, Inc. has a 12-month low of $40.60 and a 12-month high of $112.82.

Q2 Company Profile

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.