Q2 Holdings, Inc. $QTWO Shares Sold by Venturi Wealth Management LLC

Key Points

• Venturi Wealth Management LLC reduced its stake in Q2 Holdings by 20.1%, selling 42,598 shares to hold around 169,189 shares, valued at approximately $15.8 million.
• Several institutional investors significantly increased their holdings in Q2 Holdings, with Assenagon Asset Management raising its stake by 1,043.1% and now owning nearly 955,000 shares.
• Q2 Holdings' stock received a mix of ratings, with Needham & Company increasing its target price to $115.00 while Zacks Research downgraded it to a "hold," indicating a cautious outlook on the company's performance.

Venturi Wealth Management LLC lowered its position in shares of Q2 Holdings, Inc. (NYSE:QTWO - Free Report) by 20.1% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 169,189 shares of the technology company's stock after selling 42,598 shares during the quarter. Venturi Wealth Management LLC owned about 0.27% of Q2 worth $15,834,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of QTWO. Assenagon Asset Management S.A. raised its stake in Q2 by 1,043.1% during the first quarter. Assenagon Asset Management S.A. now owns 954,979 shares of the technology company's stock valued at $76,408,000 after buying an additional 871,437 shares in the last quarter. Nuveen LLC bought a new position in shares of Q2 during the first quarter valued at approximately $51,960,000. Massachusetts Financial Services Co. MA grew its holdings in shares of Q2 by 28.1% during the first quarter. Massachusetts Financial Services Co. MA now owns 1,724,135 shares of the technology company's stock valued at $137,948,000 after purchasing an additional 378,394 shares during the last quarter. Victory Capital Management Inc. grew its holdings in shares of Q2 by 56.4% during the first quarter. Victory Capital Management Inc. now owns 405,501 shares of the technology company's stock valued at $32,444,000 after purchasing an additional 146,241 shares during the last quarter. Finally, Jump Financial LLC bought a new position in shares of Q2 during the first quarter valued at approximately $10,738,000.

Wall Street Analyst Weigh In

QTWO has been the subject of several recent research reports. Needham & Company LLC upped their target price on Q2 from $110.00 to $115.00 and gave the company a "buy" rating in a report on Thursday, July 31st. Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Q2 in a report on Saturday, September 27th. JPMorgan Chase & Co. lowered their target price on Q2 from $115.00 to $110.00 and set an "overweight" rating for the company in a report on Wednesday, September 24th. Zacks Research lowered Q2 from a "strong-buy" rating to a "hold" rating in a report on Monday, September 29th. Finally, Stifel Nicolaus increased their price objective on Q2 from $105.00 to $110.00 and gave the stock a "buy" rating in a report on Thursday, July 31st. Nine investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat, the company has an average rating of "Hold" and an average target price of $101.94.

Q2 Stock Performance

Shares of NYSE QTWO opened at $64.46 on Wednesday. The stock has a fifty day moving average price of $76.92 and a two-hundred day moving average price of $82.53. The firm has a market cap of $4.02 billion, a P/E ratio of 1,289.42 and a beta of 1.47. Q2 Holdings, Inc. has a 1 year low of $63.61 and a 1 year high of $112.82.

Insider Buying and Selling at Q2

In other Q2 news, Director James Offerdahl sold 786 shares of the stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $74.15, for a total transaction of $58,281.90. Following the completion of the transaction, the director directly owned 17,792 shares of the company's stock, valued at approximately $1,319,276.80. This trade represents a 4.23% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, General Counsel Michael S. Kerr sold 967 shares of the firm's stock in a transaction on Monday, September 15th. The stock was sold at an average price of $82.60, for a total value of $79,874.20. Following the sale, the general counsel directly owned 56,228 shares of the company's stock, valued at approximately $4,644,432.80. This represents a 1.69% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 8,499 shares of company stock valued at $650,658. 3.00% of the stock is owned by corporate insiders.

Q2 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.

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