Q2 Holdings, Inc. (NYSE:QTWO) Stock Holdings Lifted by Bessemer Group Inc.

Bessemer Group Inc. boosted its holdings in Q2 Holdings, Inc. (NYSE:QTWO - Free Report) by 195.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 315,746 shares of the technology company's stock after acquiring an additional 208,955 shares during the period. Bessemer Group Inc. owned 0.52% of Q2 worth $31,780,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the business. Proficio Capital Partners LLC acquired a new stake in shares of Q2 during the 4th quarter worth about $29,000. Quarry LP lifted its stake in shares of Q2 by 988.2% during the third quarter. Quarry LP now owns 370 shares of the technology company's stock valued at $30,000 after buying an additional 336 shares during the period. SBI Securities Co. Ltd. acquired a new stake in Q2 during the fourth quarter worth approximately $30,000. TCTC Holdings LLC purchased a new stake in Q2 in the 4th quarter worth approximately $30,000. Finally, Ameliora Wealth Management Ltd. acquired a new position in Q2 in the 4th quarter valued at $32,000.

Q2 Stock Up 1.6 %

Shares of QTWO traded up $1.17 during mid-day trading on Tuesday, reaching $76.61. 174,992 shares of the stock traded hands, compared to its average volume of 648,670. The stock has a fifty day simple moving average of $81.60 and a 200 day simple moving average of $90.47. Q2 Holdings, Inc. has a 12-month low of $49.56 and a 12-month high of $112.82. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.58. The firm has a market cap of $4.65 billion, a price-to-earnings ratio of -117.86 and a beta of 1.61.

Remove Ads

Q2 (NYSE:QTWO - Get Free Report) last issued its quarterly earnings data on Wednesday, February 12th. The technology company reported $0.18 EPS for the quarter, missing analysts' consensus estimates of $0.48 by ($0.30). Q2 had a positive return on equity of 0.85% and a negative net margin of 5.53%. Sell-side analysts expect that Q2 Holdings, Inc. will post 0.67 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on QTWO shares. Raymond James raised their price target on Q2 from $100.00 to $110.00 and gave the stock an "outperform" rating in a research note on Thursday, February 13th. Compass Point restated a "neutral" rating and issued a $60.00 target price on shares of Q2 in a report on Monday, April 7th. 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 note on Friday, January 10th. The Goldman Sachs Group lowered their price objective on shares of Q2 from $119.00 to $106.00 and set a "buy" rating for the company in a research note on Friday, March 28th. Finally, Royal Bank of Canada increased their target price on Q2 from $105.00 to $108.00 and gave the stock a "sector perform" 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. According to data from MarketBeat.com, Q2 has a consensus rating of "Moderate Buy" and a consensus price target of $102.33.

Insider Activity at Q2

In related news, CEO Matthew P. Flake sold 36,023 shares of Q2 stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $80.35, for a total value of $2,894,448.05. Following the completion of the transaction, the chief executive officer now directly owns 485,666 shares in the company, valued at approximately $39,023,263.10. This trade represents a 6.91 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director James Offerdahl sold 1,000 shares of the stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $87.96, for a total value of $87,960.00. Following the transaction, the director now directly owns 17,241 shares in the company, valued at approximately $1,516,518.36. This represents a 5.48 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 193,858 shares of company stock valued at $14,853,965. Insiders own 3.00% of the company's stock.

Q2 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.