Venturi Wealth Management LLC Reduces Position in Q2 Holdings, Inc. (NYSE:QTWO)

Venturi Wealth Management LLC decreased its holdings in Q2 Holdings, Inc. (NYSE:QTWO - Free Report) by 24.5% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 211,787 shares of the technology company's stock after selling 68,760 shares during the quarter. Q2 accounts for approximately 0.9% of Venturi Wealth Management LLC's investment portfolio, making the stock its 26th biggest holding. Venturi Wealth Management LLC owned 0.34% of Q2 worth $16,945,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in QTWO. NewEdge Advisors LLC increased its stake in Q2 by 269.6% in the 4th quarter. NewEdge Advisors LLC now owns 377 shares of the technology company's stock valued at $38,000 after buying an additional 275 shares during the last quarter. Versant Capital Management Inc purchased a new stake in Q2 in the 1st quarter valued at about $33,000. Larson Financial Group LLC increased its stake in Q2 by 2,630.0% in the 1st quarter. Larson Financial Group LLC now owns 546 shares of the technology company's stock valued at $44,000 after buying an additional 526 shares during the last quarter. Transce3nd LLC purchased a new stake in Q2 in the 4th quarter valued at about $98,000. Finally, Johnson Financial Group Inc. purchased a new stake in Q2 in the 4th quarter valued at about $102,000.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on QTWO. Cantor Fitzgerald began coverage on shares of Q2 in a research note on Tuesday, June 3rd. They set an "overweight" rating and a $110.00 price target for the company. Royal Bank Of Canada decreased their price target on shares of Q2 from $108.00 to $101.00 and set a "sector perform" rating for the company in a research note on Thursday, May 8th. Morgan Stanley raised their price target on shares of 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 raised their price target on shares of Q2 from $84.00 to $90.00 and gave the stock a "neutral" rating in a research note on Thursday, May 8th. Finally, Raymond James Financial decreased their price target on shares of Q2 from $110.00 to $105.00 and set an "outperform" rating for the company in a research note on Thursday, May 8th. Eight analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $100.41.

Insider Activity at Q2

In related news, Director James Offerdahl sold 1,000 shares of Q2 stock in a transaction dated Thursday, May 22nd. The shares were 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. The trade was a 5.80% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CRO Michael A. Volanoski sold 1,428 shares of the business's stock in a transaction dated Thursday, June 12th. The shares were sold at an average price of $88.88, for a total transaction of $126,920.64. Following the completion of the sale, the executive directly owned 175,812 shares of the company's stock, valued at approximately $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 quarter, insiders sold 3,991 shares of company stock valued at $357,153. Insiders own 0.31% of the company's stock.

Q2 Price Performance

QTWO traded down $0.18 during trading on Friday, hitting $89.23. 369,306 shares of the company traded hands, compared to its average volume of 440,786. The company has a market cap of $5.56 billion, a PE ratio of -254.94 and a beta of 1.48. The stock's 50-day simple moving average is $90.22 and its two-hundred day simple moving average is $86.47. 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.

About Q2

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.