Q2 Holdings, Inc. (NYSE:QTWO) Stake Lessened by Victory Capital Management Inc.

Victory Capital Management Inc. decreased its holdings in shares of Q2 Holdings, Inc. (NYSE:QTWO) by 1.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 306,434 shares of the technology company’s stock after selling 4,648 shares during the quarter. Victory Capital Management Inc. owned 0.51% of Q2 worth $24,444,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of QTWO. Versor Investments LP purchased a new position in Q2 during the 3rd quarter valued at about $590,000. Venturi Wealth Management LLC boosted its holdings in shares of Q2 by 139.5% during the third quarter. Venturi Wealth Management LLC now owns 608,721 shares of the technology company’s stock worth $48,558,000 after purchasing an additional 354,524 shares during the period. Principal Financial Group Inc. grew its position in Q2 by 38.6% during the third quarter. Principal Financial Group Inc. now owns 176,695 shares of the technology company’s stock valued at $14,095,000 after purchasing an additional 49,233 shares in the last quarter. Asset Management One Co. Ltd. increased its stake in Q2 by 108.1% in the 3rd quarter. Asset Management One Co. Ltd. now owns 1,856 shares of the technology company’s stock valued at $148,000 after buying an additional 964 shares during the period. Finally, Emerald Advisers LLC lifted its position in Q2 by 2.6% in the 3rd quarter. Emerald Advisers LLC now owns 620,877 shares of the technology company’s stock worth $49,527,000 after buying an additional 15,581 shares in the last quarter.

Insider Buying and Selling

In other Q2 news, General Counsel Michael S. Kerr sold 517 shares of the stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of $70.86, for a total value of $36,634.62. Following the completion of the sale, the general counsel now directly owns 61,130 shares of the company’s stock, valued at $4,331,671.80. This represents a 0.84 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director James Offerdahl sold 1,013 shares of the business’s stock in a transaction dated Wednesday, August 28th. The stock was sold at an average price of $73.97, for a total transaction of $74,931.61. Following the transaction, the director now owns 18,789 shares in the company, valued at approximately $1,389,822.33. The trade was a 5.12 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 30,963 shares of company stock valued at $2,321,659. Insiders own 3.00% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on QTWO shares. Citigroup downgraded shares of Q2 from a “buy” rating to a “neutral” rating and upped their price target for the stock from $72.00 to $90.00 in a research note on Friday, October 18th. DA Davidson increased their price objective on Q2 from $76.00 to $86.00 and gave the stock a “neutral” rating in a report on Monday, November 11th. Truist Financial reaffirmed a “buy” rating and set a $100.00 price objective (up previously from $78.00) on shares of Q2 in a research report on Thursday, November 7th. BTIG Research boosted their target price on shares of Q2 from $75.00 to $82.00 and gave the stock a “buy” rating in a research report on Monday, August 26th. Finally, Needham & Company LLC increased their price target on shares of Q2 from $90.00 to $120.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Five equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $91.50.

Q2 Stock Down 0.7 %

Q2 stock opened at $97.12 on Monday. The company has a debt-to-equity ratio of 0.99, a current ratio of 2.50 and a quick ratio of 2.50. The firm has a fifty day moving average price of $83.13 and a two-hundred day moving average price of $71.22. The firm has a market cap of $5.87 billion, a price-to-earnings ratio of -101.17 and a beta of 1.58. Q2 Holdings, Inc. has a fifty-two week low of $34.59 and a fifty-two week high of $105.00.

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.