Venturi Wealth Management LLC Has $28.24 Million Position in Q2 Holdings, Inc. (NYSE:QTWO)

Venturi Wealth Management LLC lessened its stake in shares of Q2 Holdings, Inc. (NYSE:QTWO) by 53.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 280,547 shares of the technology company’s stock after selling 328,174 shares during the period. Q2 accounts for about 1.4% of Venturi Wealth Management LLC’s portfolio, making the stock its 13th biggest position. Venturi Wealth Management LLC owned about 0.46% of Q2 worth $28,237,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Highland Capital Management LLC increased its stake in Q2 by 6.6% in the fourth quarter. Highland Capital Management LLC now owns 2,775 shares of the technology company’s stock valued at $279,000 after acquiring an additional 172 shares during the last quarter. Parallax Volatility Advisers L.P. increased its stake in shares of Q2 by 5.5% in the 3rd quarter. Parallax Volatility Advisers L.P. now owns 5,549 shares of the technology company’s stock valued at $443,000 after purchasing an additional 288 shares during the last quarter. Ameliora Wealth Management Ltd. acquired a new position in shares of Q2 during the 4th quarter worth $32,000. Quarry LP raised its holdings in shares of Q2 by 988.2% during the 3rd quarter. Quarry LP now owns 370 shares of the technology company’s stock worth $30,000 after buying an additional 336 shares in the last quarter. Finally, Rhumbline Advisers lifted its position in shares of Q2 by 0.4% during the 4th quarter. Rhumbline Advisers now owns 81,652 shares of the technology company’s stock worth $8,218,000 after buying an additional 355 shares during the last quarter.

Q2 Stock Down 1.7 %

Shares of NYSE QTWO opened at $91.26 on Tuesday. The company’s 50 day moving average price is $97.97 and its 200-day moving average price is $88.73. The company has a debt-to-equity ratio of 0.99, a quick ratio of 2.50 and a current ratio of 2.50. Q2 Holdings, Inc. has a 52-week low of $41.23 and a 52-week high of $112.82. The company has a market capitalization of $5.51 billion, a P/E ratio of -95.06 and a beta of 1.61.

Q2 (NYSE:QTWO) last released its earnings results on Wednesday, February 12th. The technology company reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.48 by ($0.30). Q2 had a negative net margin of 8.40% and a negative return on equity of 2.30%. Equities analysts forecast that Q2 Holdings, Inc. will post 0.08 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms have issued reports on QTWO. Royal Bank of Canada boosted their target price on Q2 from $105.00 to $108.00 and gave the stock a “sector perform” rating in a research note on Thursday, February 13th. Raymond James upped their price objective on shares of Q2 from $100.00 to $110.00 and gave the stock an “outperform” rating in a research report on Thursday, February 13th. Citigroup raised their target price on shares of Q2 from $96.00 to $100.00 and gave the company a “neutral” rating in a research report on Thursday, February 13th. Needham & Company LLC upped their price target on shares of Q2 from $120.00 to $125.00 and gave the stock a “buy” rating in a report on Thursday, February 13th. Finally, Baird R W downgraded Q2 from a “strong-buy” rating to a “hold” rating in a report on Friday, January 10th. Seven investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $102.13.

Insider Activity

In other news, CRO Michael A. Volanoski sold 4,178 shares of Q2 stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $106.00, for a total value of $442,868.00. Following the completion of the sale, the executive now owns 223,494 shares in the company, valued at $23,690,364. The trade was a 1.84 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, President Kirk L. Coleman sold 8,559 shares of the stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $106.00, for a total transaction of $907,254.00. Following the transaction, the president now directly owns 340,903 shares in the company, 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. Insiders have sold 28,836 shares of company stock valued at $3,061,035 in the last ninety days. 3.00% of the stock is owned by company insiders.

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.