Venturi Wealth Management LLC reduced its stake in shares of Q2 Holdings, Inc. (NYSE:QTWO) by 49.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 45,288 shares of the technology company’s stock after selling 43,837 shares during the quarter. Venturi Wealth Management LLC owned about 0.11% of Q2 worth $1,882,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently modified their holdings of QTWO. Ameritas Investment Partners Inc. grew its stake in shares of Q2 by 38.1% in the second quarter. Ameritas Investment Partners Inc. now owns 2,751 shares of the technology company’s stock worth $102,000 after purchasing an additional 759 shares in the last quarter. Oppenheimer Asset Management Inc. grew its stake in shares of Q2 by 16,455.6% in the second quarter. Oppenheimer Asset Management Inc. now owns 2,980 shares of the technology company’s stock worth $110,000 after purchasing an additional 2,962 shares in the last quarter. Pacad Investment Ltd. bought a new position in shares of Q2 in the second quarter worth $111,000. BNP Paribas Arbitrage SA grew its stake in shares of Q2 by 2,468.1% in the second quarter. BNP Paribas Arbitrage SA now owns 3,467 shares of the technology company’s stock worth $128,000 after purchasing an additional 3,332 shares in the last quarter. Finally, Sei Investments Co. grew its stake in shares of Q2 by 36.9% in the second quarter. Sei Investments Co. now owns 3,557 shares of the technology company’s stock worth $131,000 after purchasing an additional 959 shares in the last quarter. Hedge funds and other institutional investors own 91.41% of the company’s stock.
In related news, CFO Jennifer Noel Harris sold 10,000 shares of the firm’s stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $40.49, for a total transaction of $404,900.00. Following the completion of the transaction, the chief financial officer now owns 74,575 shares of the company’s stock, valued at $3,019,541.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Carl James Schaper sold 20,000 shares of the firm’s stock in a transaction dated Monday, September 25th. The shares were sold at an average price of $39.41, for a total value of $788,200.00. Following the transaction, the director now directly owns 44,172 shares of the company’s stock, valued at approximately $1,740,818.52. The disclosure for this sale can be found here. Insiders have sold 1,001,575 shares of company stock valued at $41,541,893 in the last ninety days. Company insiders own 24.50% of the company’s stock.
Shares of Q2 Holdings, Inc. (NYSE QTWO) traded up $0.85 during mid-day trading on Wednesday, reaching $40.70. The company had a trading volume of 251,300 shares, compared to its average volume of 221,404. Q2 Holdings, Inc. has a fifty-two week low of $28.30 and a fifty-two week high of $44.35.
Q2 (NYSE:QTWO) last announced its earnings results on Wednesday, November 1st. The technology company reported $0.03 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.02) by $0.05. Q2 had a negative return on equity of 20.50% and a negative net margin of 15.27%. The business had revenue of $50.10 million during the quarter, compared to analysts’ expectations of $50.05 million. During the same quarter last year, the business posted ($0.24) earnings per share. The company’s quarterly revenue was up 30.8% on a year-over-year basis. equities analysts forecast that Q2 Holdings, Inc. will post -0.48 EPS for the current fiscal year.
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Q2 Holdings, Inc is a provider of cloud-based digital banking solutions. The Company enables regional and community financial institutions (RCFIs), to deliver a suite of integrated digital banking services. The Company’s solutions all operate on a common platform that supports the delivery of unified digital banking services across online, mobile and voice channels.
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