Envestnet Asset Management Inc. reduced its stake in Q2 Holdings, Inc. (NYSE:QTWO) by 0.6% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 96,811 shares of the technology company’s stock after selling 545 shares during the period. Envestnet Asset Management Inc. owned 0.16% of Q2 worth $7,746,000 as of its most recent filing with the Securities and Exchange Commission. \n\nOther institutional investors also recently made changes to their positions in the company. Proficio Capital Partners LLC purchased a new stake in shares of Q2 during the 4th quarter worth about $29,000. Commonwealth Equity Services LLC bought a new stake in shares of Q2 during the 4th quarter worth $733,000. Natixis Advisors LLC boosted its holdings in shares of Q2 by 6.3% during the 4th quarter. Natixis Advisors LLC now owns 18,525 shares of the technology company’s stock worth $1,865,000 after buying an additional 1,090 shares during the period. Xponance Inc. boosted its holdings in shares of Q2 by 13.6% during the 4th quarter. Xponance Inc. now owns 4,352 shares of the technology company’s stock worth $438,000 after buying an additional 521 shares during the period. Finally, Teacher Retirement System of Texas boosted its holdings in shares of Q2 by 121.8% during the 4th quarter. Teacher Retirement System of Texas now owns 21,803 shares of the technology company’s stock worth $2,194,000 after buying an additional 11,973 shares during the period. \n\nQTWO has been the subject of a number of analyst reports. Robert W. Baird raised their price objective on shares of Q2 from $84.00 to $90.00 and gave the stock a “neutral” rating in a report on Thursday, May 8th. The Goldman Sachs Group decreased their price objective on shares of Q2 from $119.00 to $106.00 and set a “buy” rating for the company in a report on Friday, March 28th. Morgan Stanley lifted their price target on shares of Q2 from $89.00 to $93.00 and gave the company an “equal weight” rating in a research note on Thursday, May 8th. Compass Point reaffirmed a “neutral” rating and issued a $60.00 price target on shares of Q2 in a research note on Monday, April 7th. Finally, Raymond James Financial cut their price objective on shares of Q2 from $110.00 to $105.00 and set an “outperform” rating on the stock in a research report on Thursday, May 8th. Eight investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $100.41.\n\nQTWO stock opened at $90.19 on Wednesday. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 0.55. The company’s 50 day moving average is $90.34 and its 200 day moving average is $86.56. The stock has a market cap of $5.62 billion, a price-to-earnings ratio of -257.69 and a beta of 1.48. Q2 Holdings, Inc. has a 1-year low of $61.51 and a 1-year high of $112.82.\n\nIn other Q2 news, Director James Offerdahl sold 1,000 shares of the business’s stock in a transaction dated Thursday, May 22nd. The stock was sold at an average price of $87.77, for a total transaction of $87,770.00. Following the completion of the sale, the director directly owned 16,241 shares in the company, valued at $1,425,472.57. The trade was a 5.80% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, General Counsel Michael S. Kerr sold 397 shares of Q2 stock in a transaction dated Wednesday, May 14th. The shares were sold at an average price of $92.90, for a total value of $36,881.30. Following the transaction, the general counsel directly owned 58,441 shares in the company, valued at approximately $5,429,168.90. The trade was a 0.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 3,991 shares of company stock worth $357,153. 3.00% of the stock is owned by corporate insiders.\n\nQ2 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.

Q2 Holdings, Inc. (NYSE:QTWO) Shares Sold by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. reduced its stake in Q2 Holdings, Inc. (NYSE:QTWO) by 0.6% in Q1, while other institutional investors including Proficio Capital Partners LLC, Natixis Advisors LLC, and Teacher Retirement System of Texas adjusted their holdings. Analysts like Robert W. Baird and Goldman Sachs Group updated their ratings and price targets for the company. Q2 Holdings, a U.S.-based provider of cloud-based digital banking solutions, reported financial metrics including a market cap of $5.62 billion and a 1-year price range of $61.51 to $112.82. Insiders, including Director James Offerdahl and General Counsel Michael S. Kerr, also sold shares in the company.