Captrust Financial Advisors Lowers Position in Q2 Holdings, Inc. (NYSE:QTWO)

Captrust Financial Advisors cut its holdings in shares of Q2 Holdings, Inc. (NYSE:QTWO) by 31.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,356 shares of the technology company’s stock after selling 1,536 shares during the quarter. Captrust Financial Advisors’ holdings in Q2 were worth $338,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Proficio Capital Partners LLC purchased a new position in shares of Q2 during the fourth quarter valued at approximately $29,000. SBI Securities Co. Ltd. purchased a new position in Q2 in the 4th quarter worth $30,000. TCTC Holdings LLC purchased a new position in Q2 in the 4th quarter worth $30,000. Ameliora Wealth Management Ltd. acquired a new stake in Q2 during the 4th quarter worth about $32,000. Finally, NewEdge Advisors LLC grew its position in shares of Q2 by 269.6% during the 4th quarter. NewEdge Advisors LLC now owns 377 shares of the technology company’s stock valued at $38,000 after acquiring an additional 275 shares during the period.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on QTWO shares. Stephens reaffirmed an “overweight” rating and issued a $115.00 price target on shares of Q2 in a research note on Thursday, February 13th. Robert W. Baird lifted their target price on shares of Q2 from $84.00 to $90.00 and gave the company a “neutral” rating in a report on Thursday, May 8th. Royal Bank of Canada decreased their price objective on shares of Q2 from $108.00 to $101.00 and set a “sector perform” rating for the company in a research report on Thursday, May 8th. The Goldman Sachs Group reduced their price target on shares of Q2 from $119.00 to $106.00 and set a “buy” rating for the company in a research report on Friday, March 28th. Finally, Citigroup boosted their price target on shares of Q2 from $96.00 to $100.00 and gave the company a “neutral” rating in a research report on Thursday, February 13th. Eight research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $98.80.

Insiders Place Their Bets

In other Q2 news, General Counsel Michael S. Kerr sold 397 shares of the firm’s stock in a transaction on Wednesday, May 14th. The shares were sold at an average price of $92.90, for a total transaction of $36,881.30. Following the completion of the transaction, the general counsel now directly owns 58,441 shares of the company’s stock, valued at $5,429,168.90. This trade represents a 0.67% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Kimberly Anne Rutledge sold 6,656 shares of the firm’s stock in a transaction on Wednesday, March 12th. The stock was sold at an average price of $74.12, for a total transaction of $493,342.72. Following the transaction, the insider now directly owns 113,278 shares of the company’s stock, valued at approximately $8,396,165.36. This represents a 5.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 194,255 shares of company stock valued at $14,890,846 over the last quarter. Company insiders own 0.31% of the company’s stock.

Q2 Stock Down 0.1%

Shares of NYSE QTWO opened at $89.91 on Wednesday. Q2 Holdings, Inc. has a 1 year low of $55.97 and a 1 year high of $112.82. The firm’s 50 day moving average price is $79.49 and its 200 day moving average price is $90.51. The firm has a market cap of $5.60 billion, a P/E ratio of -138.32 and a beta of 1.47. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.40 and a current ratio of 1.40.

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.