SG Americas Securities LLC Sells 38,860 Shares of Q2 Holdings, Inc. (NYSE:QTWO)

SG Americas Securities LLC lessened its holdings in shares of Q2 Holdings, Inc. (NYSE:QTWO) by 80.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 9,540 shares of the technology company’s stock after selling 38,860 shares during the quarter. SG Americas Securities LLC’s holdings in Q2 were worth $761,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of QTWO. CWM LLC lifted its position in Q2 by 54.2% in the 2nd quarter. CWM LLC now owns 481 shares of the technology company’s stock worth $29,000 after buying an additional 169 shares during the last quarter. Fidelis Capital Partners LLC purchased a new stake in Q2 in the first quarter worth $50,000. Quest Partners LLC purchased a new stake in Q2 in the second quarter worth $153,000. nVerses Capital LLC bought a new stake in Q2 in the second quarter worth $181,000. Finally, Mackenzie Financial Corp bought a new stake in Q2 in the second quarter worth $209,000.

Analyst Ratings Changes

A number of research analysts have recently issued reports on QTWO shares. The Goldman Sachs Group upped their price target on Q2 from $59.00 to $86.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Truist Financial restated a “buy” rating and issued a $78.00 price target (up previously from $68.00) on shares of Q2 in a research report on Thursday, August 1st. BTIG Research upped their price target on Q2 from $75.00 to $82.00 and gave the stock a “buy” rating in a research report on Monday, August 26th. Compass Point started coverage on Q2 in a research report on Wednesday, September 4th. They issued a “buy” rating and a $91.00 price target for the company. Finally, DA Davidson restated a “neutral” rating and issued a $76.00 price target on shares of Q2 in a research report on Monday, September 30th. Four analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $72.38.

Insider Activity

In other news, Director Jeffrey T. Diehl sold 28,005 shares of the firm’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 completion of the sale, the director now directly owns 397,702 shares of the company’s stock, valued at $29,927,075.50. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, Director James Offerdahl sold 1,013 shares of the firm’s stock in a transaction that occurred on Wednesday, August 28th. The stock was sold at an average price of $73.97, for a total transaction of $74,931.61. Following the completion of the sale, the director now directly owns 18,789 shares of the company’s stock, valued at approximately $1,389,822.33. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Jeffrey T. Diehl sold 28,005 shares of the firm’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 sale, the director now directly owns 397,702 shares of the company’s stock, valued at $29,927,075.50. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 41,963 shares of company stock valued at $3,109,699 in the last ninety days. Insiders own 3.60% of the company’s stock.

Q2 Price Performance

Shares of Q2 stock opened at $82.14 on Friday. The stock has a 50 day moving average of $74.56 and a 200 day moving average of $64.69. Q2 Holdings, Inc. has a 12 month low of $28.91 and a 12 month high of $82.72. The firm has a market cap of $4.94 billion, a PE ratio of -60.84 and a beta of 1.59. The company has a current ratio of 2.44, a quick ratio of 2.44 and a debt-to-equity ratio of 1.02.

Q2 (NYSE:QTWO) last announced its quarterly earnings results on Wednesday, July 31st. The technology company reported ($0.06) EPS for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.03). The firm had revenue of $172.89 million for the quarter, compared to the consensus estimate of $170.67 million. Q2 had a negative net margin of 10.40% and a negative return on equity of 3.95%. On average, research analysts expect that Q2 Holdings, Inc. will post -0.01 EPS for the current fiscal year.

Q2 Company 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.