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

Segall Bryant & Hamill LLC lifted its position in shares of Q2 Holdings, Inc. (NYSE:QTWO) by 3.9% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 266,079 shares of the technology company’s stock after acquiring an additional 9,976 shares during the quarter. Segall Bryant & Hamill LLC owned approximately 0.44% of Q2 worth $21,225,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. CWM LLC raised its position in shares of Q2 by 54.2% during the second quarter. CWM LLC now owns 481 shares of the technology company’s stock worth $29,000 after acquiring an additional 169 shares during the last quarter. International Assets Investment Management LLC grew its stake in shares of Q2 by 7,878.3% during the third quarter. International Assets Investment Management LLC now owns 1,835 shares of the technology company’s stock worth $146,000 after purchasing an additional 1,812 shares during the period. Asset Management One Co. Ltd. grew its stake 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 purchasing an additional 964 shares during the period. Quest Partners LLC acquired a new stake in shares of Q2 during the second quarter worth $153,000. Finally, Highland Capital Management LLC acquired a new stake in shares of Q2 during the third quarter worth $208,000.

Wall Street Analyst Weigh In

A number of brokerages recently commented on QTWO. The Goldman Sachs Group lifted their price objective on Q2 from $86.00 to $103.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Needham & Company LLC lifted their price objective on Q2 from $90.00 to $120.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Morgan Stanley lifted their price objective on Q2 from $65.00 to $90.00 and gave the stock an “equal weight” rating in a research note on Thursday, November 7th. Stephens boosted their target price on Q2 from $75.00 to $100.00 and gave the company an “overweight” rating in a research note on Thursday, November 7th. Finally, BTIG Research boosted their target price on Q2 from $75.00 to $82.00 and gave the company a “buy” rating in a research note on Monday, August 26th. Five investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $91.50.

Insider Buying and Selling

In other news, Director Jeffrey T. Diehl sold 28,005 shares of the company’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $75.25, for a total value of $2,107,376.25. Following the transaction, the director now owns 397,702 shares of the company’s stock, valued at approximately $29,927,075.50. This represents a 6.58 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CRO Michael A. Volanoski sold 1,428 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the executive now directly owns 227,672 shares in the company, valued at $16,376,446.96. The trade was a 0.62 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 30,963 shares of company stock worth $2,321,659. Corporate insiders own 3.00% of the company’s stock.

Q2 Stock Performance

QTWO opened at $101.43 on Thursday. Q2 Holdings, Inc. has a 52-week low of $34.59 and a 52-week high of $105.00. The firm has a market capitalization of $6.13 billion, a PE ratio of -105.66 and a beta of 1.58. The company has a debt-to-equity ratio of 0.99, a quick ratio of 2.50 and a current ratio of 2.50. The business’s 50-day simple moving average is $84.16 and its 200 day simple moving average is $71.89.

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.