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

William Blair Investment Management LLC bought a new position in Q2 Holdings, Inc. (NYSE:QTWO) in the 4th quarter, Holdings Channel reports. The firm bought 2,013,368 shares of the technology company’s stock, valued at approximately $202,645,000.

Several other large investors have also recently made changes to their positions in QTWO. Raymond James Financial Inc. bought a new position in shares of Q2 in the 4th quarter worth $18,271,000. Rockefeller Capital Management L.P. bought a new position in shares of Q2 in the 3rd quarter worth $9,847,000. Cookson Peirce & Co. Inc. bought a new position in shares of Q2 in the 4th quarter worth $11,681,000. Wealthfront Advisers LLC bought a new position in shares of Q2 in the 4th quarter worth $9,367,000. Finally, Barclays PLC raised its position in shares of Q2 by 104.0% in the 3rd quarter. Barclays PLC now owns 163,138 shares of the technology company’s stock worth $13,012,000 after acquiring an additional 83,181 shares in the last quarter.

Analysts Set New Price Targets

QTWO has been the subject of several recent research reports. Baird R W lowered Q2 from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 10th. Raymond James boosted their price target on Q2 from $100.00 to $110.00 and gave the stock an “outperform” rating in a research report on Thursday, February 13th. Truist Financial reaffirmed a “buy” rating and set a $110.00 target price (up from $100.00) on shares of Q2 in a research report on Thursday, February 13th. Citigroup upped their target price on Q2 from $96.00 to $100.00 and gave the company a “neutral” rating in a research report on Thursday, February 13th. Finally, Stifel Nicolaus upped their target price on Q2 from $115.00 to $125.00 and gave the company a “buy” rating in a research report on Thursday, February 13th. Seven investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $105.27.

Q2 Stock Up 3.9 %

Shares of QTWO stock opened at $75.89 on Monday. The stock’s 50-day simple moving average is $89.81 and its 200-day simple moving average is $90.27. 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 firm has a market capitalization of $4.61 billion, a PE ratio of -116.76 and a beta of 1.62. Q2 Holdings, Inc. has a fifty-two week low of $46.50 and a fifty-two week high of $112.82.

Q2 (NYSE:QTWO) last issued its earnings results on Wednesday, February 12th. The technology company reported $0.18 EPS for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.30). Q2 had a positive return on equity of 0.85% and a negative net margin of 5.53%. Equities analysts expect 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 the company’s stock in a transaction dated Wednesday, March 12th. The stock was 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 $15,571,441.86. This represents a 16.92 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director James Offerdahl sold 1,000 shares of the company’s stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $87.96, for a total value of $87,960.00. Following the completion of the sale, 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 position. The disclosure for this sale can be found here. Insiders have sold 157,835 shares of company stock worth $11,959,517 over the last quarter. 3.00% of the stock is currently owned by insiders.

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.