Venturi Wealth Management LLC Sells 81,650 Shares of Q2 Holdings, Inc. $QTWO

Venturi Wealth Management LLC decreased its position in Q2 Holdings, Inc. (NYSE:QTWO) by 57.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 60,722 shares of the technology company’s stock after selling 81,650 shares during the quarter. Venturi Wealth Management LLC’s holdings in Q2 were worth $4,382,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Vanguard Group Inc. grew its stake in Q2 by 13.5% in the 3rd quarter. Vanguard Group Inc. now owns 7,912,306 shares of the technology company’s stock valued at $572,772,000 after buying an additional 941,672 shares during the last quarter. Wasatch Advisors LP lifted its position in Q2 by 2.9% during the 3rd quarter. Wasatch Advisors LP now owns 2,158,053 shares of the technology company’s stock worth $156,221,000 after acquiring an additional 60,016 shares during the last quarter. William Blair Investment Management LLC grew its position in shares of Q2 by 8.9% in the third quarter. William Blair Investment Management LLC now owns 2,141,005 shares of the technology company’s stock valued at $154,987,000 after purchasing an additional 175,146 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its position in shares of Q2 by 11.7% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,039,416 shares of the technology company’s stock worth $147,633,000 after purchasing an additional 213,415 shares during the last quarter. Finally, North Reef Capital Management LP boosted its stake in Q2 by 101.1% during the 3rd quarter. North Reef Capital Management LP now owns 1,690,000 shares of the technology company’s stock valued at $122,339,000 after purchasing an additional 849,480 shares during the period.

Q2 Stock Performance

Shares of QTWO opened at $45.86 on Friday. Q2 Holdings, Inc. has a 52 week low of $44.65 and a 52 week high of $96.68. The firm has a market capitalization of $2.86 billion, a price-to-earnings ratio of 58.05 and a beta of 1.42. The business’s fifty day moving average price is $50.46 and its two-hundred day moving average price is $62.45.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on QTWO. Needham & Company LLC dropped their target price on Q2 from $90.00 to $70.00 and set a “buy” rating for the company in a report on Thursday, February 12th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Q2 in a research note on Thursday, January 22nd. Truist Financial lowered their price target on Q2 from $110.00 to $75.00 and set a “buy” rating on the stock in a research report on Thursday, February 12th. Stephens set a $90.00 price objective on Q2 in a report on Friday, January 16th. Finally, JPMorgan Chase & Co. lowered their target price on shares of Q2 from $100.00 to $75.00 and set an “overweight” rating on the stock in a report on Wednesday, February 18th. Eight equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $77.00.

Insider Buying and Selling at Q2

In other news, CEO Matthew P. Flake sold 91,590 shares of the business’s stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $49.75, for a total value of $4,556,602.50. Following the sale, the chief executive officer owned 503,815 shares of the company’s stock, valued at $25,064,796.25. The trade was a 15.38% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider John E. Breeden sold 68,707 shares of the firm’s stock in a transaction on Thursday, March 5th. The shares were sold at an average price of $51.73, for a total transaction of $3,554,213.11. Following the completion of the transaction, the insider directly owned 90,312 shares of the company’s stock, valued at approximately $4,671,839.76. This trade represents a 43.21% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 411,087 shares of company stock valued at $20,702,472 in the last 90 days. 0.31% of the stock is currently owned by corporate insiders.

Q2 Company 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.