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

Venturi Wealth Management LLC trimmed its position in Q2 Holdings, Inc. (NYSE:QTWO - Free Report) by 53.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 280,547 shares of the technology company's stock after selling 328,174 shares during the quarter. Q2 accounts for approximately 1.4% of Venturi Wealth Management LLC's holdings, making the stock its 13th biggest holding. Venturi Wealth Management LLC owned about 0.46% of Q2 worth $28,237,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in QTWO. Quarry LP raised its position in Q2 by 988.2% during 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 last quarter. Ameliora Wealth Management Ltd. purchased a new position in shares of Q2 during the fourth quarter valued at approximately $32,000. CWM LLC raised its holdings in shares of Q2 by 199.8% during the third quarter. CWM LLC now owns 1,442 shares of the technology company's stock valued at $115,000 after acquiring an additional 961 shares in the last quarter. International Assets Investment Management LLC lifted its stake in Q2 by 7,878.3% in the third quarter. International Assets Investment Management LLC now owns 1,835 shares of the technology company's stock worth $146,000 after acquiring an additional 1,812 shares during the period. Finally, Asset Management One Co. Ltd. boosted its holdings in Q2 by 108.1% in the third quarter. Asset Management One Co. Ltd. now owns 1,856 shares of the technology company's stock valued at $148,000 after acquiring an additional 964 shares in the last quarter.

Q2 Stock Down 3.2 %

Q2 stock traded down $2.86 during mid-day trading on Friday, hitting $87.84. The company had a trading volume of 1,083,272 shares, compared to its average volume of 690,979. Q2 Holdings, Inc. has a 12 month low of $43.55 and a 12 month high of $112.82. The company has a market capitalization of $5.33 billion, a PE ratio of -135.13 and a beta of 1.61. The stock's 50 day moving average price is $97.14 and its two-hundred day moving average price is $88.95. 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 (NYSE:QTWO - Get Free Report) last announced its quarterly earnings data on Wednesday, February 12th. The technology company reported $0.18 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 anticipate that Q2 Holdings, Inc. will post 0.67 earnings per share for the current fiscal year.

Analyst Ratings Changes

QTWO has been the subject of several research reports. 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 report on Thursday, February 13th. Citigroup increased their price target on shares of Q2 from $96.00 to $100.00 and gave the stock a "neutral" rating in a research note on Thursday, February 13th. Raymond James raised their price objective on shares of Q2 from $100.00 to $110.00 and gave the stock an "outperform" rating in a report on Thursday, February 13th. Piper Sandler upped their target price on Q2 from $74.00 to $93.00 and gave the stock a "neutral" rating in a report on Thursday, November 7th. Finally, Truist Financial restated a "buy" rating and issued a $110.00 target price (up previously from $100.00) on shares of Q2 in a research note on Thursday, February 13th. Seven equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $102.13.

Insider Activity

In related news, CRO Michael A. Volanoski sold 4,178 shares of the company's stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $106.00, for a total value of $442,868.00. Following the transaction, the executive now directly owns 223,494 shares of the company's stock, valued at approximately $23,690,364. This represents a 1.84 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, President Kirk L. Coleman sold 10,428 shares of Q2 stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $106.42, for a total value of $1,109,747.76. Following the completion of the sale, the president now directly owns 337,643 shares of the company's stock, valued at approximately $35,931,968.06. The trade was a 3.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 28,288 shares of company stock worth $3,003,523 over the last 90 days. 3.00% of the stock is currently owned by 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.