Q2 Holdings, Inc. (NYSE:QTWO) Shares Sold by Lisanti Capital Growth LLC

Lisanti Capital Growth LLC lessened its position in shares of Q2 Holdings, Inc. (NYSE:QTWO - Free Report) by 42.4% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 66,665 shares of the technology company's stock after selling 49,135 shares during the quarter. Q2 accounts for 1.6% of Lisanti Capital Growth LLC's portfolio, making the stock its 17th largest position. Lisanti Capital Growth LLC owned approximately 0.11% of Q2 worth $5,334,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. William Blair Investment Management LLC acquired a new stake in Q2 during the 4th quarter worth about $202,645,000. Conestoga Capital Advisors LLC grew its holdings in Q2 by 1.6% during the first quarter. Conestoga Capital Advisors LLC now owns 1,957,893 shares of the technology company's stock worth $156,651,000 after acquiring an additional 30,480 shares during the period. Capital Research Global Investors grew its holdings in Q2 by 11.2% during the fourth quarter. Capital Research Global Investors now owns 1,518,376 shares of the technology company's stock worth $152,825,000 after acquiring an additional 152,872 shares during the period. Geode Capital Management LLC raised its position in Q2 by 2.7% during the fourth quarter. Geode Capital Management LLC now owns 1,389,181 shares of the technology company's stock valued at $140,175,000 after acquiring an additional 36,025 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its position in Q2 by 107.9% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,345,741 shares of the technology company's stock worth $135,449,000 after purchasing an additional 698,464 shares in the last quarter.

Q2 Trading Down 0.2%

Shares of QTWO stock traded down $0.15 during trading on Wednesday, hitting $92.40. 384,007 shares of the stock traded hands, compared to its average volume of 643,046. The firm has a market capitalization of $5.76 billion, a P/E ratio of -264.00 and a beta of 1.49. Q2 Holdings, Inc. has a 52-week low of $59.70 and a 52-week high of $112.82. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.43 and a quick ratio of 1.43. The firm's fifty day moving average price is $87.59 and its 200-day moving average price is $87.78.

Insider Buying and Selling at Q2

In related news, CRO Michael A. Volanoski sold 1,428 shares of the stock in a transaction that occurred on Thursday, June 12th. The shares were sold at an average price of $88.88, for a total transaction of $126,920.64. Following the completion of the transaction, the executive owned 175,812 shares of the company's stock, valued at approximately $15,626,170.56. This trade represents a 0.81% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, General Counsel Michael S. Kerr sold 397 shares of the firm's stock in a transaction on Wednesday, May 14th. The stock was sold at an average price of $92.90, for a total value of $36,881.30. Following the transaction, the general counsel owned 58,441 shares of the company's stock, valued at approximately $5,429,168.90. This represents a 0.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 3,991 shares of company stock worth $357,153 over the last three months. Insiders own 3.00% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. Raymond James Financial decreased their target price on shares of Q2 from $110.00 to $105.00 and set an "outperform" rating for the company in a research note on Thursday, May 8th. Royal Bank Of Canada lowered their target price on shares of Q2 from $108.00 to $101.00 and set a "sector perform" rating on the stock in a research note on Thursday, May 8th. Robert W. Baird lifted their price target on Q2 from $84.00 to $90.00 and gave the company a "neutral" rating in a research note on Thursday, May 8th. Cantor Fitzgerald began coverage on Q2 in a research report on Tuesday, June 3rd. They set an "overweight" rating and a $110.00 price target on the stock. Finally, Stifel Nicolaus boosted their price objective on Q2 from $100.00 to $105.00 and gave the company a "buy" rating in a research report on Thursday, May 8th. Eight analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, Q2 presently has an average rating of "Moderate Buy" and a consensus price target of $100.41.

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.