Segall Bryant & Hamill LLC Sells 35,745 Shares of Q2 Holdings, Inc. (NYSE:QTWO)

Segall Bryant & Hamill LLC decreased its holdings in Q2 Holdings, Inc. (NYSE:QTWO - Free Report) by 13.4% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 230,334 shares of the technology company's stock after selling 35,745 shares during the quarter. Segall Bryant & Hamill LLC owned 0.38% of Q2 worth $23,183,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in QTWO. Proficio Capital Partners LLC acquired a new position in Q2 in the fourth quarter worth about $29,000. Quarry LP grew its stake in shares of Q2 by 988.2% in the 3rd quarter. Quarry LP now owns 370 shares of the technology company's stock valued at $30,000 after purchasing an additional 336 shares during the period. SBI Securities Co. Ltd. acquired a new position in shares of Q2 in the 4th quarter worth approximately $30,000. TCTC Holdings LLC bought a new position in shares of Q2 during the 4th quarter worth approximately $30,000. Finally, Ameliora Wealth Management Ltd. acquired a new stake in Q2 in the 4th quarter valued at $32,000.

Q2 Trading Down 2.4 %

Q2 stock traded down $2.01 during mid-day trading on Friday, hitting $80.71. The stock had a trading volume of 622,575 shares, compared to its average volume of 639,781. The stock has a 50-day simple moving average of $86.84 and a two-hundred day simple moving average of $90.66. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.58. The stock has a market capitalization of $4.90 billion, a PE ratio of -124.16 and a beta of 1.62. Q2 Holdings, Inc. has a 12 month low of $46.50 and a 12 month high of $112.82.

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Q2 (NYSE:QTWO - Get Free Report) last issued its 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%. As a group, sell-side analysts forecast that Q2 Holdings, Inc. will post 0.67 EPS for the current year.

Insider Transactions at Q2

In other Q2 news, Director James Offerdahl sold 1,000 shares of the business's stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $87.96, for a total value of $87,960.00. Following the completion of the transaction, the director now directly owns 17,241 shares of the company's stock, valued at approximately $1,516,518.36. The trade was a 5.48 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Jonathan Price sold 42,652 shares of the firm's stock in a transaction dated Wednesday, March 12th. The stock was sold at an average price of $74.37, for a total value of $3,172,029.24. Following the sale, the chief financial officer now directly owns 209,378 shares in the company, valued at approximately $15,571,441.86. This represents a 16.92 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 157,835 shares of company stock worth $11,959,517. 3.00% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

QTWO has been the subject of a number of analyst reports. Baird R W cut Q2 from a "strong-buy" rating to a "hold" rating in a report on Friday, January 10th. KeyCorp raised shares of Q2 from a "sector weight" rating to an "overweight" rating and set a $126.00 price target for the company in a report on Wednesday, December 18th. Needham & Company LLC upped their price objective on shares of Q2 from $120.00 to $125.00 and gave the stock a "buy" rating in a research note on Thursday, February 13th. Robert W. Baird reiterated a "neutral" rating and issued a $99.00 target price (up previously from $89.00) on shares of Q2 in a research note on Friday, January 10th. Finally, Citigroup boosted their target price on Q2 from $96.00 to $100.00 and gave the stock a "neutral" rating in a report on Thursday, February 13th. Seven research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $105.47.

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.