SG Americas Securities LLC Acquires 9,658 Shares of Q2 Holdings, Inc. (NYSE:QTWO)

SG Americas Securities LLC boosted its stake in shares of Q2 Holdings, Inc. (NYSE:QTWO - Free Report) by 377.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor 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 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in QTWO. Arizona State Retirement System increased its position in shares of Q2 by 1.1% during the 4th quarter. Arizona State Retirement System now owns 17,495 shares of the technology company's stock worth $1,761,000 after purchasing an additional 190 shares in the last quarter. Summit Investment Advisors Inc. grew its stake in Q2 by 3.3% during the fourth quarter. Summit Investment Advisors Inc. now owns 6,156 shares of the technology company's stock worth $620,000 after buying an additional 195 shares during the last quarter. Moran Wealth Management LLC grew its stake in Q2 by 2.7% during the fourth quarter. Moran Wealth Management LLC now owns 8,115 shares of the technology company's stock worth $817,000 after buying an additional 215 shares during the last quarter. Summit Global Investments increased its holdings in shares of 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 buying an additional 255 shares in the last quarter. Finally, NewEdge Advisors LLC raised its stake in shares of Q2 by 269.6% in the fourth quarter. NewEdge Advisors LLC now owns 377 shares of the technology company's stock valued at $38,000 after acquiring an additional 275 shares during the last quarter.

Q2 Trading Down 0.4%

Shares of NYSE:QTWO traded down $0.36 during trading on Friday, hitting $88.59. 1,054,117 shares of the company's stock were exchanged, compared to its average volume of 640,097. 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 firm has a market cap of $5.52 billion, a P/E ratio of -253.11 and a beta of 1.48. The firm has a 50-day moving average price of $84.96 and a two-hundred day moving average price of $88.43. Q2 Holdings, Inc. has a 1-year low of $57.07 and a 1-year high of $112.82.

Wall Street Analyst Weigh In

QTWO has been the topic of a number of research analyst reports. Cantor Fitzgerald assumed 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. Raymond James Financial reduced their price objective on Q2 from $110.00 to $105.00 and set an "outperform" rating on the stock in a research note on Thursday, May 8th. Robert W. Baird increased their target price on Q2 from $84.00 to $90.00 and gave the stock a "neutral" rating in a report on Thursday, May 8th. Morgan Stanley lifted their price target on Q2 from $89.00 to $93.00 and gave the company an "equal weight" rating in a report on Thursday, May 8th. Finally, Royal Bank Of Canada reduced their price target on shares of Q2 from $108.00 to $101.00 and set a "sector perform" rating on the stock in a research report on Thursday, May 8th. Eight analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, Q2 currently has an average rating of "Moderate Buy" and an average target price of $100.41.

Insider Buying and Selling at Q2

In other news, CEO Matthew P. Flake sold 36,023 shares of the stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $80.35, for a total value 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 represents a 6.91% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CRO Michael A. Volanoski sold 1,428 shares of the company's stock in a transaction dated Thursday, June 12th. The shares were sold at an average price of $88.88, for a total value of $126,920.64. Following the completion of the sale, the executive now owns 175,812 shares of the company's stock, valued at $15,626,170.56. This represents a 0.81% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 40,014 shares of company stock valued at $3,251,601. 0.31% of the stock is currently owned by insiders.

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.