Waddell & Reed Financial INC Has Upped Q2 Hldgs INC (QTWO) Position by $22.48 Million

Q2 Holdings, Inc. (NYSE:QTWO) LogoInvestors sentiment increased to 2 in Q2 2019. Its up 0.63, from 1.37 in 2019Q1. It increased, as 16 investors sold QTWO shares while 39 reduced holdings. 47 funds opened positions while 63 raised stakes. 46.91 million shares or 12.07% more from 41.85 million shares in 2019Q1 were reported. Sg Americas Securities Ltd Liability Corp reported 16,606 shares. Barclays Pcl stated it has 0% of its portfolio in Q2 Holdings, Inc. (NYSE:QTWO). State Of Wisconsin Inv Board holds 0.05% or 240,339 shares. Moore Capital Mgmt Lp has 0.58% invested in Q2 Holdings, Inc. (NYSE:QTWO) for 325,000 shares. Captrust Financial holds 0% of its portfolio in Q2 Holdings, Inc. (NYSE:QTWO) for 180 shares. Strs Ohio owns 3,700 shares. 192,951 are held by Financial Bank Of Mellon Corp. California-based Aperio Grp Llc has invested 0% in Q2 Holdings, Inc. (NYSE:QTWO). Invesco Limited, Georgia-based fund reported 2.72M shares. Johnson Financial Group holds 0% or 400 shares in its portfolio. Proshare Advsrs Ltd holds 0% or 3,963 shares in its portfolio. Motley Fool Asset Ltd Liability accumulated 35,178 shares. 23,928 were accumulated by State Board Of Administration Of Florida Retirement Sys. Ubs Oconnor Lc accumulated 19,000 shares or 0% of the stock. Ruggie Group Inc stated it has 19 shares.

Waddell & Reed Financial Inc increased its stake in Q2 Hldgs Inc (QTWO) by 27.38% based on its latest 2019Q2 regulatory filing with the SEC. Waddell & Reed Financial Inc bought 295,811 shares as the company’s stock rose 8.52% . The institutional investor held 1.38M shares of the technology company at the end of 2019Q2, valued at $105.08M, up from 1.08 million at the end of the previous reported quarter. Waddell & Reed Financial Inc who had been investing in Q2 Hldgs Inc for a number of months, seems to be bullish on the $3.81 billion market cap company. The stock decreased 1.91% or $1.56 during the last trading session, reaching $79.93. About 185,098 shares traded. Q2 Holdings, Inc. (NYSE:QTWO) has risen 35.83% since September 13, 2018 and is uptrending. It has outperformed by 35.83% the S&P500.

Waddell & Reed Financial Inc, which manages about $14.31 billion and $40.40 billion US Long portfolio, decreased its stake in Deere & Co (NYSE:DE) by 26,591 shares to 206,316 shares, valued at $34.19M in 2019Q2, according to the filing. It also reduced its holding in Chevron Corp New (NYSE:CVX) by 57,940 shares in the quarter, leaving it with 842,466 shares, and cut its stake in Eastman Chemical Co (NYSE:EMN).

More notable recent Q2 Holdings, Inc. (NYSE:QTWO) news were published by: Finance.Yahoo.com which released: “3 Top Fintech Stocks to Buy Right Now – Yahoo Finance” on August 26, 2019, also Businesswire.com with their article: “Athena Home Loans Partners with Q2’s Cloud Lending to Provide Digital-First Mortgage Lending Experience – Business Wire” published on August 29, 2019, Finance.Yahoo.com published: “Q2 Holdings (QTWO) Q2 2019 Earnings Call Transcript – Yahoo Finance” on August 08, 2019. More interesting news about Q2 Holdings, Inc. (NYSE:QTWO) were released by: Benzinga.com and their article: “Stocks That Hit 52-Week Highs On Friday – Benzinga” published on August 16, 2019 as well as Finance.Yahoo.com‘s news article titled: “Did Hedge Funds Drop The Ball On Q2 Holdings Inc (QTWO)? – Yahoo Finance” with publication date: April 30, 2019.

Q2 Holdings, Inc. (NYSE:QTWO) Ratings Coverage

Among 6 analysts covering Q2 Holdings (NYSE:QTWO), 6 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Q2 Holdings has $10500 highest and $8200 lowest target. $96’s average target is 20.11% above currents $79.93 stock price. Q2 Holdings had 9 analyst reports since April 2, 2019 according to SRatingsIntel. Stifel Nicolaus maintained the stock with “Buy” rating in Thursday, August 8 report. Canaccord Genuity upgraded Q2 Holdings, Inc. (NYSE:QTWO) rating on Thursday, September 12. Canaccord Genuity has “Buy” rating and $9700 target. The firm has “Overweight” rating given on Friday, August 9 by KeyBanc Capital Markets. The stock has “Buy” rating by SunTrust on Friday, August 9. The firm has “Overweight” rating given on Wednesday, August 28 by KeyBanc Capital Markets. JP Morgan maintained the stock with “Overweight” rating in Thursday, August 8 report.

Q2 Holdings, Inc. (NYSE:QTWO) Institutional Positions Chart

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