BNP Paribas Financial Markets Has $2.45 Million Stake in Q2 Holdings, Inc. (NYSE:QTWO)

BNP Paribas Financial Markets raised its stake in shares of Q2 Holdings, Inc. (NYSE:QTWO - Free Report) by 32.2% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 30,720 shares of the technology company's stock after acquiring an additional 7,475 shares during the period. BNP Paribas Financial Markets owned approximately 0.05% of Q2 worth $2,451,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in QTWO. Conestoga Capital Advisors LLC boosted its holdings in Q2 by 1.5% in the third quarter. Conestoga Capital Advisors LLC now owns 2,308,194 shares of the technology company's stock valued at $184,125,000 after purchasing an additional 34,300 shares during the period. Hood River Capital Management LLC increased its position in shares of Q2 by 5.7% in the 2nd quarter. Hood River Capital Management LLC now owns 1,261,924 shares of the technology company's stock valued at $76,132,000 after purchasing an additional 67,757 shares during the last quarter. American Century Companies Inc. increased its position in shares of Q2 by 5,990.6% in the 2nd quarter. American Century Companies Inc. now owns 1,210,143 shares of the technology company's stock valued at $73,008,000 after purchasing an additional 1,190,274 shares during the last quarter. Perpetual Ltd acquired a new stake in shares of Q2 in the 3rd quarter valued at $80,788,000. Finally, Dimensional Fund Advisors LP grew its stake in shares of Q2 by 9.4% during the second quarter. Dimensional Fund Advisors LP now owns 1,002,372 shares of the technology company's stock worth $60,474,000 after purchasing an additional 86,329 shares in the last quarter.

Insider Transactions at Q2

In related news, Director James Offerdahl sold 548 shares of the business's stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $104.95, for a total transaction of $57,512.60. Following the transaction, the director now directly owns 18,241 shares of the company's stock, valued at approximately $1,914,392.95. The trade was a 2.92 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CRO Michael A. Volanoski sold 1,428 shares of the company's stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $71.93, for a total transaction of $102,716.04. Following the completion of the transaction, the executive now directly owns 227,672 shares in the company, valued at $16,376,446.96. This trade represents a 0.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 2,493 shares of company stock valued at $196,863. Corporate insiders own 3.00% of the company's stock.

Q2 Price Performance

Shares of QTWO stock traded up $1.82 during midday trading on Friday, reaching $110.85. 676,491 shares of the company were exchanged, compared to its average volume of 784,333. The company has a market cap of $6.70 billion, a P/E ratio of -115.40 and a beta of 1.60. The company has a debt-to-equity ratio of 0.99, a quick ratio of 2.50 and a current ratio of 2.50. Q2 Holdings, Inc. has a 12 month low of $36.96 and a 12 month high of $112.82. The company's 50 day moving average price is $91.90 and its two-hundred day moving average price is $75.76.

Analyst Upgrades and Downgrades

QTWO has been the subject of several recent analyst reports. BTIG Research boosted their price objective on shares of Q2 from $75.00 to $82.00 and gave the stock a "buy" rating in a research report on Monday, August 26th. Piper Sandler lifted their target price on shares of Q2 from $74.00 to $93.00 and gave the company a "neutral" rating in a report on Thursday, November 7th. Compass Point lifted their price objective on shares of Q2 from $91.00 to $107.00 and gave the company a "buy" rating in a research note on Thursday, November 7th. The Goldman Sachs Group increased their target price on shares of Q2 from $86.00 to $103.00 and gave the stock a "buy" rating in a research note on Thursday, November 7th. Finally, Needham & Company LLC lifted their target price on Q2 from $90.00 to $120.00 and gave the company a "buy" rating in a research note on Thursday, November 7th. Five equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. According to MarketBeat.com, Q2 has a consensus rating of "Moderate Buy" and an average price target of $91.50.

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.