Q2 Holdings, Inc. (NYSE:QTWO) Shares Sold by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC lowered its stake in Q2 Holdings, Inc. (NYSE:QTWO) by 13.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 230,334 shares of the technology company’s stock after selling 35,745 shares during the period. Segall Bryant & Hamill LLC owned approximately 0.38% of Q2 worth $23,183,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Proficio Capital Partners LLC acquired a new position in Q2 in the 4th quarter valued at $29,000. Quarry LP increased its stake in shares of Q2 by 988.2% during the third quarter. Quarry LP now owns 370 shares of the technology company’s stock worth $30,000 after acquiring an additional 336 shares during the period. SBI Securities Co. Ltd. purchased a new position in Q2 during the fourth quarter worth about $30,000. TCTC Holdings LLC acquired a new stake in Q2 in the fourth quarter valued at about $30,000. Finally, Ameliora Wealth Management Ltd. purchased a new stake in Q2 in the 4th quarter valued at approximately $32,000.

Insider Activity

In other Q2 news, CFO Jonathan Price sold 42,652 shares of the company’s stock in a transaction dated Wednesday, March 12th. The stock was sold at an average price of $74.37, for a total transaction of $3,172,029.24. Following the completion of the sale, the chief financial officer now directly owns 209,378 shares in the company, valued at $15,571,441.86. This represents a 16.92 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Kimberly Anne Rutledge sold 6,656 shares of Q2 stock in a transaction dated Wednesday, March 12th. The shares were sold at an average price of $74.12, for a total value of $493,342.72. Following the completion of the transaction, the insider now directly owns 113,278 shares in the company, valued at $8,396,165.36. This represents a 5.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 157,835 shares of company stock valued at $11,959,517 in the last 90 days. 3.00% of the stock is currently owned by insiders.

Q2 Stock Performance

Shares of QTWO opened at $82.89 on Tuesday. Q2 Holdings, Inc. has a 1 year low of $46.50 and a 1 year high of $112.82. The company’s 50 day simple moving average is $87.69 and its 200 day simple moving average is $90.49. The company has a market capitalization of $5.03 billion, a price-to-earnings ratio of -127.52 and a beta of 1.62. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.40 and a current ratio of 1.40.

Q2 (NYSE:QTWO) last announced its quarterly earnings data on Wednesday, February 12th. The technology company reported $0.18 EPS for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.30). Q2 had a negative net margin of 5.53% and a positive return on equity of 0.85%. On average, sell-side analysts predict that Q2 Holdings, Inc. will post 0.67 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on QTWO. Stifel Nicolaus lifted their price target on Q2 from $115.00 to $125.00 and gave the company a “buy” rating in a research note on Thursday, February 13th. Robert W. Baird reissued a “neutral” rating and set a $99.00 price objective (up previously from $89.00) on shares of Q2 in a report on Friday, January 10th. KeyCorp raised shares of Q2 from a “sector weight” rating to an “overweight” rating and set a $126.00 target price for the company in a report on Wednesday, December 18th. Baird R W lowered Q2 from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 10th. Finally, Truist Financial reaffirmed a “buy” rating and issued a $110.00 price objective (up from $100.00) on shares of Q2 in a research note on Thursday, February 13th. Seven analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $105.27.

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.