BNP Paribas Financial Markets Acquires 92,318 Shares of Q2 Holdings, Inc. $QTWO

BNP Paribas Financial Markets grew its holdings in shares of Q2 Holdings, Inc. (NYSE:QTWO) by 207.2% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 136,871 shares of the technology company’s stock after buying an additional 92,318 shares during the quarter. BNP Paribas Financial Markets’ holdings in Q2 were worth $9,877,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of QTWO. Vanguard Group Inc. boosted its stake in shares of Q2 by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 7,995,133 shares of the technology company’s stock valued at $576,929,000 after purchasing an additional 82,827 shares during the period. William Blair Investment Management LLC boosted its stake in shares of Q2 by 25.9% during the fourth quarter. William Blair Investment Management LLC now owns 2,694,718 shares of the technology company’s stock valued at $194,451,000 after purchasing an additional 553,713 shares during the period. Wasatch Advisors LP boosted its stake in shares of Q2 by 2.9% during the third quarter. Wasatch Advisors LP now owns 2,158,053 shares of the technology company’s stock valued at $156,221,000 after purchasing an additional 60,016 shares during the period. North Reef Capital Management LP boosted its stake in shares of Q2 by 101.1% during the third quarter. North Reef Capital Management LP now owns 1,690,000 shares of the technology company’s stock valued at $122,339,000 after purchasing an additional 849,480 shares during the period. Finally, American Century Companies Inc. boosted its stake in shares of Q2 by 4.9% during the third quarter. American Century Companies Inc. now owns 1,146,664 shares of the technology company’s stock valued at $83,007,000 after purchasing an additional 53,565 shares during the period.

Insider Buying and Selling

In other news, insider Kimberly Anne Rutledge sold 3,187 shares of the company’s stock in a transaction dated Wednesday, March 11th. The shares were sold at an average price of $50.37, for a total transaction of $160,529.19. Following the transaction, the insider owned 80,551 shares in the company, valued at $4,057,353.87. This represents a 3.81% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 0.88% of the company’s stock.

Q2 Stock Performance

Shares of Q2 stock opened at $44.83 on Tuesday. The company has a market capitalization of $2.81 billion, a PE ratio of 40.03 and a beta of 1.34. The company has a 50-day simple moving average of $48.06 and a two-hundred day simple moving average of $57.46. Q2 Holdings, Inc. has a one year low of $44.46 and a one year high of $96.68.

Q2 (NYSE:QTWO) last announced its earnings results on Wednesday, April 29th. The technology company reported $0.63 EPS for the quarter, missing analysts’ consensus estimates of $0.71 by ($0.08). The firm had revenue of $216.51 million during the quarter, compared to the consensus estimate of $214.40 million. Q2 had a return on equity of 14.68% and a net margin of 8.99%.The business’s revenue for the quarter was up 14.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.07 earnings per share. On average, equities analysts predict that Q2 Holdings, Inc. will post 1.57 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Robert W. Baird set a $74.00 target price on shares of Q2 in a research note on Thursday, April 30th. Needham & Company LLC reissued a “buy” rating and set a $70.00 target price on shares of Q2 in a research report on Thursday, April 30th. Cantor Fitzgerald cut their target price on shares of Q2 from $90.00 to $80.00 and set an “overweight” rating on the stock in a research report on Thursday, February 12th. JPMorgan Chase & Co. raised their target price on shares of Q2 from $75.00 to $80.00 and gave the company an “overweight” rating in a research report on Thursday, April 30th. Finally, DA Davidson reissued a “buy” rating and set a $82.00 target price on shares of Q2 in a research report on Monday, June 1st. Seven equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, Q2 currently has an average rating of “Moderate Buy” and a consensus target price of $75.27.

Q2 Profile

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.