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

Segall Bryant & Hamill LLC grew its position in Q2 Holdings, Inc. (NYSE:QTWO) by 3.9% in the third quarter, according to its most recent filing with the SEC. The fund owned 266,079 shares of the technology company’s stock after acquiring an additional 9,976 shares during the period. Segall Bryant & Hamill LLC’s holdings in Q2 were worth $21,225,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of QTWO. CWM LLC boosted its holdings in Q2 by 54.2% in the second quarter. CWM LLC now owns 481 shares of the technology company’s stock valued at $29,000 after acquiring an additional 169 shares during the last quarter. International Assets Investment Management LLC boosted its stake in shares of Q2 by 7,878.3% in the 3rd quarter. International Assets Investment Management LLC now owns 1,835 shares of the technology company’s stock valued at $146,000 after purchasing an additional 1,812 shares during the last quarter. Asset Management One Co. Ltd. increased its position in shares of Q2 by 108.1% during the third quarter. Asset Management One Co. Ltd. now owns 1,856 shares of the technology company’s stock worth $148,000 after buying an additional 964 shares during the period. Quest Partners LLC bought a new position in Q2 during the second quarter worth $153,000. Finally, SG Americas Securities LLC acquired a new position in Q2 in the first quarter valued at $173,000.

Q2 Price Performance

Shares of NYSE QTWO opened at $101.43 on Thursday. Q2 Holdings, Inc. has a twelve month low of $34.59 and a twelve month high of $105.00. The stock’s 50 day moving average price is $84.16 and its 200-day moving average price is $71.89. The company has a market capitalization of $6.13 billion, a PE ratio of -105.66 and a beta of 1.58. The company has a quick ratio of 2.50, a current ratio of 2.50 and a debt-to-equity ratio of 0.99.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. DA Davidson lifted their price objective on Q2 from $76.00 to $86.00 and gave the stock a “neutral” rating in a research report on Monday, November 11th. Stephens lifted their target price on Q2 from $75.00 to $100.00 and gave the stock an “overweight” rating in a report on Thursday, November 7th. The Goldman Sachs Group increased their price target on Q2 from $86.00 to $103.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. BTIG Research increased their price target on Q2 from $75.00 to $82.00 and gave the stock a “buy” rating in a report on Monday, August 26th. Finally, Royal Bank of Canada increased their price target on Q2 from $76.00 to $105.00 and gave the stock a “sector perform” rating in a report on Thursday, November 7th. Five research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, Q2 currently has a consensus rating of “Moderate Buy” and a consensus price target of $91.50.

Insider Buying and Selling

In related news, Director Jeffrey T. Diehl sold 28,005 shares of Q2 stock in a transaction that occurred 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 sale, the director now owns 397,702 shares of the company’s stock, valued at approximately $29,927,075.50. The trade was a 6.58 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CRO Michael A. Volanoski sold 1,428 shares of the stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $71.93, for a total value of $102,716.04. Following the transaction, the executive now directly owns 227,672 shares of the company’s stock, valued at approximately $16,376,446.96. This trade represents a 0.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 30,963 shares of company stock valued at $2,321,659. 3.00% of the stock is 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.