Q2 Holdings, Inc. $QTWO Stake Raised by Bessemer Group Inc.

Bessemer Group Inc. lifted its holdings in shares of Q2 Holdings, Inc. (NYSE:QTWO) by 16.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 399,611 shares of the technology company’s stock after buying an additional 56,261 shares during the period. Bessemer Group Inc.’s holdings in Q2 were worth $28,928,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the business. Optimize Financial Inc bought a new stake in Q2 during the 3rd quarter valued at $415,000. Envestnet Asset Management Inc. grew its stake in shares of Q2 by 32.9% in the third quarter. Envestnet Asset Management Inc. now owns 113,971 shares of the technology company’s stock worth $8,250,000 after purchasing an additional 28,207 shares in the last quarter. Principal Financial Group Inc. increased its holdings in shares of Q2 by 502.5% during the third quarter. Principal Financial Group Inc. now owns 301,917 shares of the technology company’s stock valued at $21,856,000 after purchasing an additional 251,807 shares during the period. Thrivent Financial for Lutherans raised its stake in shares of Q2 by 53.5% during the third quarter. Thrivent Financial for Lutherans now owns 46,658 shares of the technology company’s stock valued at $3,378,000 after purchasing an additional 16,263 shares in the last quarter. Finally, Independent Advisor Alliance acquired a new stake in Q2 in the third quarter worth about $266,000.

Wall Street Analysts Forecast Growth

Several research firms have commented on QTWO. DA Davidson raised shares of Q2 from a “neutral” rating to a “buy” rating and set a $82.00 target price on the stock in a research note on Tuesday. Wall Street Zen upgraded shares of Q2 from a “hold” rating to a “buy” rating in a research note on Saturday, November 8th. UBS Group set a $82.00 target price on Q2 in a research report on Tuesday. Stifel Nicolaus decreased their price target on Q2 from $110.00 to $90.00 and set a “buy” rating for the company in a research note on Wednesday, October 15th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Q2 in a research note on Thursday, January 22nd. Nine equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat.com, Q2 has a consensus rating of “Moderate Buy” and an average price target of $92.27.

Insiders Place Their Bets

In related news, COO Himagiri K. Mukkamala sold 3,024 shares of the firm’s stock in a transaction that occurred on Wednesday, December 10th. The shares were sold at an average price of $73.68, for a total value of $222,808.32. Following the completion of the transaction, the chief operating officer owned 96,046 shares of the company’s stock, valued at approximately $7,076,669.28. This trade represents a 3.05% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Kirk L. Coleman sold 8,559 shares of the business’s stock in a transaction on Wednesday, December 10th. The shares were sold at an average price of $73.68, for a total transaction of $630,627.12. Following the sale, the insider directly owned 269,128 shares in the company, valued at approximately $19,829,351.04. This trade represents a 3.08% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 20,883 shares of company stock worth $1,547,778 over the last ninety days. 0.31% of the stock is currently owned by company insiders.

Q2 Stock Up 3.3%

Shares of NYSE QTWO opened at $57.01 on Friday. Q2 Holdings, Inc. has a 52-week low of $54.63 and a 52-week high of $102.07. The stock has a market capitalization of $3.56 billion, a price-to-earnings ratio of 118.77 and a beta of 1.36. The stock’s fifty day simple moving average is $69.41 and its 200 day simple moving average is $71.99.

Q2 (NYSE:QTWO) last released its quarterly earnings results on Wednesday, November 5th. The technology company reported $0.23 earnings per share for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.32). The company had revenue of $201.70 million during the quarter, compared to analyst estimates of $197.87 million. Q2 had a net margin of 4.12% and a return on equity of 10.92%. The company’s revenue for the quarter was up 15.2% compared to the same quarter last year. During the same quarter last year, the business earned ($0.20) EPS. As a group, analysts anticipate that Q2 Holdings, Inc. will post 0.67 earnings per share for the current year.

About Q2

Q2 Holdings, Inc develops and delivers cloud-based digital banking solutions that enable banks and credit unions to enhance customer and member experiences. The company’s core offerings include the Q2 Platform, a comprehensive suite of online and mobile banking applications for retail and commercial customers, as well as digital onboarding, payments, and fraud prevention tools. Q2’s platform also provides analytics and reporting capabilities designed to help financial institutions tailor products, optimize workflows, and drive engagement.

Founded in 2004 and headquartered in Austin, Texas, Q2 serves hundreds of financial institutions across the United States and Canada.