Venturi Wealth Management LLC Sells 26,817 Shares of Q2 Holdings, Inc. $QTWO

Venturi Wealth Management LLC decreased its holdings in shares of Q2 Holdings, Inc. (NYSE:QTWO) by 15.9% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 142,372 shares of the technology company’s stock after selling 26,817 shares during the quarter. Venturi Wealth Management LLC owned approximately 0.23% of Q2 worth $10,306,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Dakota Wealth Management grew its holdings in shares of Q2 by 3.8% in the 2nd quarter. Dakota Wealth Management now owns 3,350 shares of the technology company’s stock valued at $314,000 after acquiring an additional 123 shares in the last quarter. Advisors Asset Management Inc. grew its stake in shares of Q2 by 18.1% in the second quarter. Advisors Asset Management Inc. now owns 1,003 shares of the technology company’s stock valued at $94,000 after buying an additional 154 shares in the last quarter. ANB Bank lifted its stake in Q2 by 7.1% in the second quarter. ANB Bank now owns 2,710 shares of the technology company’s stock valued at $254,000 after acquiring an additional 179 shares during the last quarter. Hilltop National Bank grew its position in shares of Q2 by 9.8% in the 3rd quarter. Hilltop National Bank now owns 2,077 shares of the technology company’s stock valued at $150,000 after acquiring an additional 185 shares during the period. Finally, California State Teachers Retirement System increased its stake in shares of Q2 by 0.3% during the 2nd quarter. California State Teachers Retirement System now owns 55,842 shares of the technology company’s stock worth $5,226,000 after purchasing an additional 194 shares during the last quarter.

Insiders Place Their Bets

In other news, CRO Michael A. Volanoski sold 5,123 shares of the stock in a transaction dated Friday, December 12th. The shares were sold at an average price of $75.46, for a total value of $386,581.58. Following the completion of the transaction, the executive owned 166,512 shares of the company’s stock, valued at approximately $12,564,995.52. This represents a 2.98% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Kirk L. Coleman sold 8,559 shares of Q2 stock in a transaction that occurred on Wednesday, December 10th. The shares were sold at an average price of $73.68, for a total transaction of $630,627.12. Following the sale, the insider directly owned 269,128 shares in the company, valued at $19,829,351.04. This trade represents a 3.08% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 20,883 shares of company stock valued at $1,547,778. 0.31% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on QTWO shares. UBS Group set a $90.00 price target on Q2 in a research report on Thursday, November 6th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Q2 in a research report on Wednesday, October 8th. Stifel Nicolaus cut their price objective on shares of Q2 from $110.00 to $90.00 and set a “buy” rating for the company in a research report on Wednesday, October 15th. Royal Bank Of Canada lowered their target price on Q2 from $102.00 to $86.00 and set a “sector perform” rating on the stock in a research note on Thursday, November 6th. Finally, Needham & Company LLC reduced their price target on Q2 from $115.00 to $90.00 and set a “buy” rating for the company in a research note on Thursday, November 6th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $95.36.

Q2 Stock Up 1.8%

QTWO stock opened at $71.54 on Thursday. Q2 Holdings, Inc. has a 52 week low of $58.57 and a 52 week high of $102.07. The business has a 50-day simple moving average of $71.47 and a 200 day simple moving average of $76.13. The company has a market cap of $4.47 billion, a PE ratio of 149.05 and a beta of 1.35.

Q2 (NYSE:QTWO) last issued its earnings results on Wednesday, November 5th. The technology company reported $0.23 EPS for the quarter, missing the consensus estimate of $0.55 by ($0.32). Q2 had a net margin of 4.12% and a return on equity of 10.92%. The firm had revenue of $201.70 million during the quarter, compared to analyst estimates of $197.87 million. During the same quarter in the previous year, the firm posted ($0.20) earnings per share. Q2’s quarterly revenue was up 15.2% compared to the same quarter last year. On average, analysts anticipate that Q2 Holdings, Inc. will post 0.67 EPS for the current fiscal year.

Q2 Profile

Q2 Holdings, Inc develops and delivers cloud-based digital banking solutions that enable banks and credit unions to enhance customer and member experiences. The company’s core offerings include the Q2 Platform, a comprehensive suite of online and mobile banking applications for retail and commercial customers, as well as digital onboarding, payments, and fraud prevention tools. Q2’s platform also provides analytics and reporting capabilities designed to help financial institutions tailor products, optimize workflows, and drive engagement.

Founded in 2004 and headquartered in Austin, Texas, Q2 serves hundreds of financial institutions across the United States and Canada.