Q2 Holdings, Inc. (NYSE:QTWO) Shares Bought by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC grew its holdings in shares of Q2 Holdings, Inc. (NYSE:QTWO - Free Report) by 3.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 266,079 shares of the technology company's stock after purchasing an additional 9,976 shares during the period. Segall Bryant & Hamill LLC owned approximately 0.44% of Q2 worth $21,225,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of QTWO. Hood River Capital Management LLC purchased a new stake in Q2 during the first quarter worth about $62,765,000. American Century Companies Inc. increased its stake in Q2 by 5,990.6% in the 2nd quarter. American Century Companies Inc. now owns 1,210,143 shares of the technology company's stock valued at $73,008,000 after purchasing an additional 1,190,274 shares in the last quarter. Perpetual Ltd acquired a new position in Q2 during the third quarter worth $80,788,000. Price T Rowe Associates Inc. MD boosted its position in Q2 by 1,910.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 719,767 shares of the technology company's stock worth $37,832,000 after purchasing an additional 683,957 shares in the last quarter. Finally, Venturi Wealth Management LLC increased its position in shares of Q2 by 139.5% in the third quarter. Venturi Wealth Management LLC now owns 608,721 shares of the technology company's stock valued at $48,558,000 after buying an additional 354,524 shares in the last quarter.

Q2 Trading Up 1.8 %

Shares of QTWO opened at $101.43 on Thursday. The company has a debt-to-equity ratio of 0.99, a quick ratio of 2.50 and a current ratio of 2.50. Q2 Holdings, Inc. has a 12 month low of $34.59 and a 12 month high of $105.00. The stock's 50-day moving average is $84.16 and its two-hundred day moving average is $71.89.

Insider Activity

In other Q2 news, General Counsel Michael S. Kerr sold 517 shares of the company's stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $70.86, for a total value of $36,634.62. Following the transaction, the general counsel now directly owns 61,130 shares of the company's stock, valued at $4,331,671.80. This represents a 0.84 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Jeffrey T. Diehl sold 28,005 shares of the company's stock in a transaction on Monday, August 26th. The shares were sold at an average price of $75.25, for a total transaction of $2,107,376.25. Following the completion of the sale, the director now directly owns 397,702 shares in the company, valued at $29,927,075.50. This represents a 6.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 30,963 shares of company stock worth $2,321,659 over the last 90 days. Company insiders own 3.00% of the company's stock.

Analysts Set New Price Targets

Several research firms have recently commented on QTWO. Stephens increased their price target on shares of Q2 from $75.00 to $100.00 and gave the company an "overweight" rating in a research report on Thursday, November 7th. Compass Point boosted their target price on shares of Q2 from $91.00 to $107.00 and gave the company a "buy" rating in a research note on Thursday, November 7th. Royal Bank of Canada boosted their price target on Q2 from $76.00 to $105.00 and gave the company a "sector perform" rating in a report on Thursday, November 7th. Citigroup downgraded Q2 from a "buy" rating to a "neutral" rating and lifted their price objective for the company from $72.00 to $90.00 in a research report on Friday, October 18th. Finally, Piper Sandler raised their price target on Q2 from $74.00 to $93.00 and gave the stock a "neutral" rating in a research note on Thursday, November 7th. Five investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $91.50.

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.