Segall Bryant & Hamill LLC Purchases 9,976 Shares of Q2 Holdings, Inc. (NYSE:QTWO)

Segall Bryant & Hamill LLC grew its holdings in Q2 Holdings, Inc. (NYSE:QTWO - Free Report) by 3.9% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 266,079 shares of the technology company's stock after purchasing an additional 9,976 shares during the quarter. Segall Bryant & Hamill LLC owned about 0.44% of Q2 worth $21,225,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently bought and sold shares of the company. B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in Q2 during the 3rd quarter worth approximately $2,559,000. Pathstone Holdings LLC grew its stake in shares of Q2 by 7.0% in the third quarter. Pathstone Holdings LLC now owns 31,191 shares of the technology company's stock valued at $2,488,000 after buying an additional 2,035 shares in the last quarter. Swiss National Bank boosted its position in Q2 by 1.0% during the third quarter. Swiss National Bank now owns 117,400 shares of the technology company's stock worth $9,365,000 after purchasing an additional 1,200 shares during the period. Natixis Advisors LLC boosted its position in Q2 by 4.5% during the third quarter. Natixis Advisors LLC now owns 17,435 shares of the technology company's stock worth $1,391,000 after purchasing an additional 744 shares during the period. Finally, Parametrica Management Ltd bought a new position in Q2 during the third quarter worth $236,000.

Q2 Price Performance

Shares of Q2 stock traded up $3.10 on Thursday, hitting $104.54. The company had a trading volume of 483,634 shares, compared to its average volume of 598,135. The business has a 50-day simple moving average of $84.76 and a 200-day simple moving average of $72.10. The company has a debt-to-equity ratio of 0.99, a current ratio of 2.50 and a quick ratio of 2.50. The company has a market cap of $6.31 billion, a PE ratio of -108.89 and a beta of 1.58. Q2 Holdings, Inc. has a 52 week low of $34.59 and a 52 week high of $105.73.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. Truist Financial reiterated a "buy" rating and issued a $100.00 target price (up previously from $78.00) on shares of Q2 in a research report on Thursday, November 7th. Compass Point raised their target price on Q2 from $91.00 to $107.00 and gave the company a "buy" rating in a report on Thursday, November 7th. Stephens lifted their price target on Q2 from $75.00 to $100.00 and gave the company an "overweight" rating in a research report on Thursday, November 7th. DA Davidson lifted their price target on Q2 from $76.00 to $86.00 and gave the stock a "neutral" rating in a research note on Monday, November 11th. Finally, Stifel Nicolaus upped their price target on Q2 from $65.00 to $85.00 and gave the company a "buy" rating in a research report on Thursday, August 1st. Five research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $91.50.

Insider Buying and Selling

In related news, General Counsel Michael S. Kerr sold 517 shares of the company's stock in a transaction 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 completion of the transaction, the general counsel now directly owns 61,130 shares in the company, valued at approximately $4,331,671.80. This represents a 0.84 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 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 value of $2,107,376.25. Following the completion of the sale, the director now owns 397,702 shares in the company, valued at $29,927,075.50. This trade represents a 6.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 30,963 shares of company stock worth $2,321,659. 3.00% of the stock is owned by company insiders.

Q2 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.