Q2 Holdings, Inc. (NYSE:QTWO) Stock Holdings Lessened by Lisanti Capital Growth LLC

Lisanti Capital Growth LLC lessened its stake in Q2 Holdings, Inc. (NYSE:QTWO - Free Report) by 42.4% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 66,665 shares of the technology company's stock after selling 49,135 shares during the period. Q2 comprises approximately 1.6% of Lisanti Capital Growth LLC's investment portfolio, making the stock its 17th largest holding. Lisanti Capital Growth LLC owned 0.11% of Q2 worth $5,334,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in QTWO. TCTC Holdings LLC purchased a new stake in Q2 during the 4th quarter valued at about $30,000. SBI Securities Co. Ltd. acquired a new stake in shares of Q2 in the fourth quarter valued at approximately $30,000. NewEdge Advisors LLC lifted its position in Q2 by 269.6% during the fourth quarter. NewEdge Advisors LLC now owns 377 shares of the technology company's stock worth $38,000 after buying an additional 275 shares in the last quarter. Versant Capital Management Inc acquired a new position in Q2 during the first quarter worth $33,000. Finally, Transce3nd LLC purchased a new stake in Q2 in the 4th quarter valued at $98,000.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Wall Street Zen lowered shares of Q2 from a "strong-buy" rating to a "buy" rating in a report on Sunday, June 8th. Cantor Fitzgerald assumed coverage on shares of Q2 in a report on Tuesday, June 3rd. They issued an "overweight" rating and a $110.00 price objective on the stock. Royal Bank Of Canada decreased their price target on Q2 from $108.00 to $101.00 and set a "sector perform" rating on the stock in a research note on Thursday, May 8th. Needham & Company LLC dropped their price objective on Q2 from $125.00 to $110.00 and set a "buy" rating for the company in a research note on Thursday, May 8th. Finally, JPMorgan Chase & Co. began coverage on Q2 in a report on Wednesday, June 18th. They set an "overweight" rating and a $115.00 target price for the company. Eight investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, Q2 has an average rating of "Moderate Buy" and an average price target of $100.41.

Q2 Trading Down 0.3%

NYSE QTWO traded down $0.25 during mid-day trading on Monday, hitting $93.74. The company's stock had a trading volume of 88,362 shares, compared to its average volume of 642,269. The stock's fifty day simple moving average is $86.82 and its two-hundred day simple moving average is $87.83. The firm has a market capitalization of $5.84 billion, a P/E ratio of -268.16 and a beta of 1.48. Q2 Holdings, Inc. has a 52-week low of $59.51 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.

Insider Buying and Selling

In related news, CEO Matthew P. Flake sold 36,023 shares of Q2 stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $80.35, for a total value of $2,894,448.05. Following the completion of the sale, the chief executive officer now owns 485,666 shares in the company, valued at approximately $39,023,263.10. The trade was a 6.91% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CRO Michael A. Volanoski sold 1,428 shares of the stock in a transaction 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 transaction, the executive now owns 175,812 shares in the company, valued at $15,626,170.56. This trade represents a 0.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 40,014 shares of company stock valued at $3,251,601. Corporate insiders own 3.00% of the company's stock.

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.