Q2 Holdings, Inc. (NYSE:QTWO) Stock Position Lifted by SG Americas Securities LLC

SG Americas Securities LLC grew its position in shares of Q2 Holdings, Inc. (NYSE:QTWO - Free Report) by 377.9% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 12,214 shares of the technology company's stock after acquiring an additional 9,658 shares during the quarter. SG Americas Securities LLC's holdings in Q2 were worth $977,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Rhumbline Advisers increased its stake in Q2 by 6.9% during the first quarter. Rhumbline Advisers now owns 87,324 shares of the technology company's stock worth $6,987,000 after acquiring an additional 5,672 shares during the last quarter. Summit Global Investments increased its stake in Q2 by 2.6% during the first quarter. Summit Global Investments now owns 9,902 shares of the technology company's stock worth $792,000 after acquiring an additional 255 shares during the last quarter. GAMMA Investing LLC increased its stake in Q2 by 10,149.6% during the first quarter. GAMMA Investing LLC now owns 28,084 shares of the technology company's stock worth $2,247,000 after acquiring an additional 27,810 shares during the last quarter. Versant Capital Management Inc acquired a new stake in Q2 during the first quarter worth about $33,000. Finally, Heck Capital Advisors LLC acquired a new stake in Q2 during the fourth quarter worth about $191,000.

Q2 Stock Down 0.4%

QTWO traded down $0.36 on Friday, reaching $88.59. The company's stock had a trading volume of 1,054,117 shares, compared to its average volume of 642,926. The stock has a market cap of $5.52 billion, a price-to-earnings ratio of 286.93 and a beta of 1.48. Q2 Holdings, Inc. has a 1 year low of $55.97 and a 1 year 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 business's 50 day moving average is $84.68 and its 200 day moving average is $88.72.

Insider Activity at Q2

In other Q2 news, CEO Matthew P. Flake sold 36,023 shares of the stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $80.35, for a total transaction of $2,894,448.05. Following the transaction, the chief executive officer now owns 485,666 shares of the company's stock, valued at $39,023,263.10. This trade represents a 6.91% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, General Counsel Michael S. Kerr sold 397 shares of the stock in a transaction that occurred 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 now directly owns 58,441 shares in the company, valued at approximately $5,429,168.90. This represents a 0.67% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 40,014 shares of company stock valued at $3,251,601. Insiders own 0.31% of the company's stock.

Analyst Upgrades and Downgrades

QTWO has been the subject of several research analyst reports. Morgan Stanley upped their price target on Q2 from $89.00 to $93.00 and gave the stock an "equal weight" rating in a research note on Thursday, May 8th. Robert W. Baird upped their target price on Q2 from $84.00 to $90.00 and gave the stock a "neutral" rating in a research report on Thursday, May 8th. JPMorgan Chase & Co. started coverage on Q2 in a research report on Wednesday. They issued an "overweight" rating and a $115.00 target price for the company. Royal Bank Of Canada decreased their target price on Q2 from $108.00 to $101.00 and set a "sector perform" rating for the company in a research report on Thursday, May 8th. Finally, Stifel Nicolaus upped their target price on Q2 from $100.00 to $105.00 and gave the stock a "buy" rating in a research report on Thursday, May 8th. Eight equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, Q2 currently has an average rating of "Moderate Buy" and a consensus price target 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.