Segall Bryant & Hamill LLC Reduces Stake in Q2 Holdings, Inc. (NYSE:QTWO)

Segall Bryant & Hamill LLC cut its stake in shares of Q2 Holdings, Inc. (NYSE:QTWO - Free Report) by 9.5% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 208,400 shares of the technology company's stock after selling 21,934 shares during the quarter. Segall Bryant & Hamill LLC owned 0.33% of Q2 worth $16,674,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Proficio Capital Partners LLC purchased a new stake in Q2 in the 4th quarter worth approximately $29,000. Swiss National Bank lifted its stake in Q2 by 0.9% in the fourth quarter. Swiss National Bank now owns 118,500 shares of the technology company's stock worth $11,927,000 after acquiring an additional 1,100 shares during the period. Commonwealth Equity Services LLC purchased a new stake in Q2 in the fourth quarter worth $733,000. Natixis Advisors LLC lifted its position in shares of Q2 by 6.3% in the 4th quarter. Natixis Advisors LLC now owns 18,525 shares of the technology company's stock worth $1,865,000 after purchasing an additional 1,090 shares during the period. Finally, Twin Tree Management LP purchased a new stake in shares of Q2 in the 4th quarter worth about $1,084,000.

Q2 Price Performance

Shares of QTWO stock traded up $1.09 on Thursday, reaching $91.50. The company's stock had a trading volume of 488,302 shares, compared to its average volume of 637,398. The stock's fifty day simple moving average is $90.35 and its 200-day simple moving average is $86.90. Q2 Holdings, Inc. has a 1 year low of $61.51 and a 1 year high of $112.82. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 0.55. The company has a market capitalization of $5.70 billion, a price-to-earnings ratio of -261.42 and a beta of 1.48.

Insider Buying and Selling

In related news, CRO Michael A. Volanoski sold 1,428 shares of the business's stock in a transaction that occurred on Thursday, June 12th. The stock was sold at an average price of $88.88, for a total value of $126,920.64. Following the completion of the sale, the executive owned 175,812 shares in the company, valued at approximately $15,626,170.56. The trade was a 0.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director James Offerdahl sold 1,000 shares of the firm's stock in a transaction on Thursday, May 22nd. The stock was sold at an average price of $87.77, for a total transaction of $87,770.00. Following the completion of the transaction, the director directly owned 16,241 shares of the company's stock, valued at approximately $1,425,472.57. This represents a 5.80% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 3,991 shares of company stock valued at $357,153. Company insiders own 0.31% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on QTWO. Royal Bank Of Canada lowered their target price on Q2 from $108.00 to $101.00 and set a "sector perform" rating for the company in a research note on Thursday, May 8th. Raymond James Financial lowered their price target on shares of Q2 from $110.00 to $105.00 and set an "outperform" rating for the company in a research report on Thursday, May 8th. Wall Street Zen cut shares of Q2 from a "strong-buy" rating to a "buy" rating in a research report on Sunday, June 8th. Morgan Stanley lifted their target price on shares of Q2 from $89.00 to $93.00 and gave the company an "equal weight" rating in a report on Thursday, May 8th. Finally, Stifel Nicolaus lifted their price objective on Q2 from $100.00 to $105.00 and gave the company a "buy" rating in a research note on Thursday, May 8th. Eight investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $100.41.

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.