Bessemer Group Inc. Buys 208,955 Shares of Q2 Holdings, Inc. (NYSE:QTWO)

Bessemer Group Inc. boosted its stake in Q2 Holdings, Inc. (NYSE:QTWO) by 195.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 315,746 shares of the technology company’s stock after acquiring an additional 208,955 shares during the quarter. Bessemer Group Inc. owned 0.52% of Q2 worth $31,780,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. State Street Corp lifted its holdings in shares of Q2 by 0.3% in the third quarter. State Street Corp now owns 1,668,767 shares of the technology company’s stock valued at $133,118,000 after purchasing an additional 5,000 shares in the last quarter. Nordea Investment Management AB boosted its position in Q2 by 61.8% during the 4th quarter. Nordea Investment Management AB now owns 111,110 shares of the technology company’s stock worth $11,208,000 after acquiring an additional 42,433 shares during the last quarter. Janney Montgomery Scott LLC bought a new position in shares of Q2 during the 4th quarter worth approximately $288,000. Charles Schwab Investment Management Inc. raised its holdings in shares of Q2 by 2.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 507,065 shares of the technology company’s stock valued at $51,036,000 after purchasing an additional 10,636 shares during the last quarter. Finally, Dakota Wealth Management lifted its position in shares of Q2 by 189.8% in the fourth quarter. Dakota Wealth Management now owns 16,030 shares of the technology company’s stock worth $1,613,000 after purchasing an additional 10,498 shares in the last quarter.

Analysts Set New Price Targets

Several equities research analysts have issued reports on QTWO shares. Baird R W lowered shares of Q2 from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 10th. The Goldman Sachs Group lowered their target price on Q2 from $119.00 to $106.00 and set a “buy” rating on the stock in a research report on Friday, March 28th. KeyCorp raised Q2 from a “sector weight” rating to an “overweight” rating and set a $126.00 price target for the company in a research report on Wednesday, December 18th. Stephens reiterated an “overweight” rating and set a $115.00 price objective on shares of Q2 in a research note on Thursday, February 13th. Finally, Citigroup boosted their target price on shares of Q2 from $96.00 to $100.00 and gave the stock a “neutral” rating in a report on Thursday, February 13th. Eight 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, the company has an average rating of “Moderate Buy” and an average target price of $102.33.

Q2 Stock Up 11.4 %

Shares of QTWO opened at $76.54 on Thursday. The firm has a market cap of $4.65 billion, a P/E ratio of -117.75 and a beta of 1.61. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.40 and a current ratio of 1.40. Q2 Holdings, Inc. has a 52 week low of $49.56 and a 52 week high of $112.82. The firm’s 50-day simple moving average is $82.79 and its 200 day simple moving average is $90.47.

Q2 (NYSE:QTWO) last posted its earnings results on Wednesday, February 12th. The technology company reported $0.18 EPS 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, analysts forecast that Q2 Holdings, Inc. will post 0.67 earnings per share for the current year.

Insider Transactions at Q2

In other news, CFO Jonathan Price sold 42,652 shares of Q2 stock in a transaction that occurred on 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 completion of the sale, the chief financial officer now directly 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Matthew P. Flake sold 36,023 shares of the business’s stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $80.35, for a total value of $2,894,448.05. Following the completion of the sale, the chief executive officer now owns 485,666 shares of the company’s stock, valued at approximately $39,023,263.10. This trade represents a 6.91 % decrease in their ownership of the stock. 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. 3.00% of the stock is currently owned by corporate insiders.

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.