SG Americas Securities LLC Sells 6,984 Shares of Q2 Holdings, Inc. (NYSE:QTWO)

SG Americas Securities LLC reduced its stake in shares of Q2 Holdings, Inc. (NYSE:QTWO) by 73.2% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,556 shares of the technology company’s stock after selling 6,984 shares during the quarter. SG Americas Securities LLC’s holdings in Q2 were worth $257,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in QTWO. Quarry LP grew its position in Q2 by 988.2% during the 3rd quarter. Quarry LP now owns 370 shares of the technology company’s stock worth $30,000 after acquiring an additional 336 shares during the last quarter. CWM LLC increased its position in Q2 by 199.8% in the 3rd quarter. CWM LLC now owns 1,442 shares of the technology company’s stock valued at $115,000 after buying an additional 961 shares in the last quarter. International Assets Investment Management LLC lifted its stake in shares of Q2 by 7,878.3% in the third quarter. International Assets Investment Management LLC now owns 1,835 shares of the technology company’s stock valued at $146,000 after buying an additional 1,812 shares in the last quarter. Asset Management One Co. Ltd. raised its position 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 last quarter. Finally, Diversified Trust Co purchased a new stake in shares of Q2 during the fourth quarter valued at approximately $203,000.

Q2 Trading Up 2.8 %

Q2 stock opened at $96.00 on Friday. The company has a current ratio of 2.50, a quick ratio of 2.50 and a debt-to-equity ratio of 0.99. Q2 Holdings, Inc. has a 12-month low of $41.19 and a 12-month high of $112.82. The firm has a 50 day moving average of $100.34 and a 200 day moving average of $87.20. The firm has a market capitalization of $5.80 billion, a price-to-earnings ratio of -99.99 and a beta of 1.61.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Robert W. Baird reaffirmed a “neutral” rating and set a $99.00 price target (up previously from $89.00) on shares of Q2 in a research report on Friday, January 10th. Citigroup lowered shares of Q2 from a “buy” rating to a “neutral” rating and upped their price target for the company from $72.00 to $90.00 in a research report on Friday, October 18th. Morgan Stanley upped their target price on Q2 from $65.00 to $90.00 and gave the company an “equal weight” rating in a report on Thursday, November 7th. The Goldman Sachs Group upped their target price on shares of Q2 from $86.00 to $103.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Finally, Needham & Company LLC increased their price target on shares of Q2 from $90.00 to $120.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Seven investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat, Q2 has an average rating of “Moderate Buy” and a consensus price target of $98.07.

Insider Transactions at Q2

In other news, Director James Offerdahl sold 548 shares of the firm’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $104.95, for a total transaction of $57,512.60. Following the transaction, the director now owns 18,241 shares in the company, valued at approximately $1,914,392.95. This trade represents a 2.92 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, President Kirk L. Coleman sold 10,428 shares of the company’s stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $106.42, for a total value of $1,109,747.76. Following the sale, the president now owns 337,643 shares of the company’s stock, valued at approximately $35,931,968.06. This represents a 3.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 28,836 shares of company stock valued at $3,061,035. 3.00% of the stock is currently owned by corporate insiders.

About Q2

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.