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

Segall Bryant & Hamill LLC lessened its stake in shares of Q2 Holdings, Inc. (NYSE:QTWO) by 13.4% during the fourth quarter, HoldingsChannel reports. The firm owned 230,334 shares of the technology company’s stock after selling 35,745 shares during the period. Segall Bryant & Hamill LLC’s holdings in Q2 were worth $23,183,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. William Blair Investment Management LLC purchased a new position in Q2 in the 4th quarter worth approximately $202,645,000. Raymond James Financial Inc. purchased a new position in shares of Q2 in the fourth quarter valued at $18,271,000. Rockefeller Capital Management L.P. acquired a new stake in Q2 during the 3rd quarter valued at $9,847,000. Cookson Peirce & Co. Inc. purchased a new stake in Q2 during the 4th quarter worth $11,681,000. Finally, Wealthfront Advisers LLC acquired a new position in Q2 in the 4th quarter worth $9,367,000.

Q2 Trading Up 4.6 %

Shares of NYSE QTWO opened at $82.89 on Tuesday. The company has a market cap of $5.03 billion, a price-to-earnings ratio of -127.52 and a beta of 1.62. The stock’s 50 day simple moving average is $87.69 and its 200 day simple moving average is $90.49. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.58. Q2 Holdings, Inc. has a 12-month low of $46.50 and a 12-month high of $112.82.

Q2 (NYSE:QTWO) last announced its quarterly earnings results on Wednesday, February 12th. The technology company reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.48 by ($0.30). Q2 had a negative net margin of 5.53% and a positive return on equity of 0.85%. Equities research analysts expect that Q2 Holdings, Inc. will post 0.67 EPS for the current year.

Analyst Ratings Changes

Several analysts have recently weighed in on QTWO shares. Robert W. Baird restated a “neutral” rating and set a $99.00 target price (up from $89.00) on shares of Q2 in a research note on Friday, January 10th. Stephens restated an “overweight” rating and set a $115.00 price objective on shares of Q2 in a report on Thursday, February 13th. Citigroup increased their target price on Q2 from $96.00 to $100.00 and gave the company a “neutral” rating in a research note on Thursday, February 13th. Truist Financial restated a “buy” rating and issued a $110.00 price target (up previously from $100.00) on shares of Q2 in a research note on Thursday, February 13th. Finally, Raymond James upped their price target on shares of Q2 from $100.00 to $110.00 and gave the company an “outperform” rating in a report on Thursday, February 13th. Seven equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $105.27.

Insider Buying and Selling at Q2

In other news, Director James Offerdahl sold 1,000 shares of the firm’s stock in a transaction on Monday, February 24th. The stock was sold at an average price of $87.96, for a total transaction of $87,960.00. Following the transaction, the director now directly owns 17,241 shares of the company’s stock, valued at approximately $1,516,518.36. This trade represents a 5.48 % 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, CEO Matthew P. Flake sold 56,799 shares of the stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $78.28, for a total transaction of $4,446,225.72. Following the completion of the transaction, the chief executive officer now owns 453,849 shares of the company’s stock, valued at $35,527,299.72. This represents a 11.12 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 157,835 shares of company stock worth $11,959,517. 3.00% of the stock is owned by company insiders.

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.