William Blair Investment Management LLC Invests $202.65 Million in Q2 Holdings, Inc. (NYSE:QTWO)

William Blair Investment Management LLC acquired a new position in shares of Q2 Holdings, Inc. (NYSE:QTWO - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 2,013,368 shares of the technology company's stock, valued at approximately $202,645,000. William Blair Investment Management LLC owned about 3.33% of Q2 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Proficio Capital Partners LLC purchased a new stake in Q2 during the 4th quarter worth approximately $29,000. Quarry LP increased its position in shares of Q2 by 988.2% during the third quarter. Quarry LP now owns 370 shares of the technology company's stock worth $30,000 after acquiring an additional 336 shares during the period. SBI Securities Co. Ltd. acquired a new stake in shares of Q2 in the fourth quarter valued at $30,000. TCTC Holdings LLC purchased a new position in Q2 in the fourth quarter valued at $30,000. Finally, Ameliora Wealth Management Ltd. acquired a new position in Q2 during the 4th quarter worth $32,000.

Insider Buying and Selling

In other Q2 news, Director James Offerdahl sold 1,000 shares of the business's stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $87.96, for a total transaction of $87,960.00. Following the transaction, the director now owns 17,241 shares in the company, valued at $1,516,518.36. The trade was a 5.48 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Jonathan Price sold 42,652 shares of the firm's stock in a transaction dated Wednesday, March 12th. The shares were sold at an average price of $74.37, for a total value of $3,172,029.24. Following the sale, the chief financial officer now owns 209,378 shares in the company, valued at approximately $15,571,441.86. The trade was a 16.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 157,835 shares of company stock valued at $11,959,517. Insiders own 3.00% of the company's stock.

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Q2 Price Performance

QTWO stock traded up $0.49 during trading on Friday, hitting $79.10. The stock had a trading volume of 894,398 shares, compared to its average volume of 615,869. The stock has a market cap of $4.80 billion, a price-to-earnings ratio of -121.69 and a beta of 1.62. Q2 Holdings, Inc. has a 1-year low of $46.50 and a 1-year high of $112.82. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.40 and a current ratio of 1.40. The company's 50 day moving average price is $88.04 and its two-hundred day moving average price is $90.14.

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

Wall Street Analysts Forecast Growth

QTWO has been the topic of a number of analyst reports. Raymond James raised their price objective on shares of Q2 from $100.00 to $110.00 and gave the company an "outperform" rating in a report on Thursday, February 13th. Needham & Company LLC increased their price objective on Q2 from $120.00 to $125.00 and gave the company a "buy" rating in a report on Thursday, February 13th. Royal Bank of Canada lifted their price target on shares of Q2 from $105.00 to $108.00 and gave the stock a "sector perform" rating in a research note on Thursday, February 13th. Stephens reiterated an "overweight" rating and set a $115.00 target price on shares of Q2 in a research report on Thursday, February 13th. Finally, KeyCorp raised Q2 from a "sector weight" rating to an "overweight" rating and set a $126.00 target price for the company in a research report on Wednesday, December 18th. Seven analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, Q2 has a consensus rating of "Moderate Buy" and a consensus price target of $105.27.

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.