Artisan Partners Limited Partnership Has $68.09 Million Stock Position in Q2 Holdings, Inc. (NYSE:QTWO)

Artisan Partners Limited Partnership cut its stake in Q2 Holdings, Inc. (NYSE:QTWOGet Rating) by 14.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,765,434 shares of the technology company’s stock after selling 306,288 shares during the quarter. Artisan Partners Limited Partnership owned 3.08% of Q2 worth $68,093,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also bought and sold shares of the company. Ellevest Inc. boosted its stake in shares of Q2 by 669.1% in the 2nd quarter. Ellevest Inc. now owns 723 shares of the technology company’s stock worth $28,000 after buying an additional 629 shares during the last quarter. Harbor Investment Advisory LLC grew its stake in Q2 by 50.1% in the 2nd quarter. Harbor Investment Advisory LLC now owns 1,117 shares of the technology company’s stock valued at $43,000 after purchasing an additional 373 shares during the period. Canada Pension Plan Investment Board bought a new position in Q2 in the 1st quarter valued at $49,000. Asset Management One Co. Ltd. increased its position in shares of Q2 by 34.3% during the 2nd quarter. Asset Management One Co. Ltd. now owns 1,463 shares of the technology company’s stock valued at $56,000 after purchasing an additional 374 shares during the last quarter. Finally, Clear Street Markets LLC bought a new stake in shares of Q2 during the 2nd quarter worth $58,000.

Wall Street Analyst Weigh In

QTWO has been the subject of a number of research analyst reports. Robert W. Baird decreased their price objective on shares of Q2 to $34.00 in a report on Tuesday, November 15th. Stephens lowered their price target on shares of Q2 from $55.00 to $30.00 and set an “equal weight” rating on the stock in a report on Tuesday, November 8th. Stifel Nicolaus dropped their price objective on Q2 from $70.00 to $60.00 in a research note on Tuesday, October 4th. Royal Bank of Canada downgraded Q2 from an “outperform” rating to a “sector perform” rating and decreased their target price for the stock from $38.00 to $32.00 in a research report on Tuesday, November 8th. Finally, Canaccord Genuity Group dropped their price target on Q2 from $100.00 to $60.00 and set a “buy” rating on the stock in a research report on Tuesday, November 8th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $47.08.

Q2 Stock Up 3.0 %

QTWO opened at $25.89 on Thursday. The firm has a market capitalization of $1.49 billion, a P/E ratio of -14.54 and a beta of 1.50. Q2 Holdings, Inc. has a one year low of $20.93 and a one year high of $83.61. The company has a fifty day moving average price of $30.45 and a 200-day moving average price of $38.62. The company has a debt-to-equity ratio of 1.53, a current ratio of 3.00 and a quick ratio of 3.00.

About Q2

(Get Rating)

Q2 Holdings, Inc provides cloud-based digital banking solutions to regional and community financial institutions (RCFIs) in the United States. The company offers Q2 Consumer Banking, a browser-based digital banking solution and comprehensive financial institution branded digital banking capabilities; Q2 Small Business and Commercial, a mobile and tablet digital banking solution; Q2mobile Remote Deposit Capture, a partnered solution that allows remote check deposit capture.

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Institutional Ownership by Quarter for Q2 (NYSE:QTWO)

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