Axa S.A. Buys Shares of 66,157 Q2 Holdings, Inc. (NYSE:QTWO)

AXA S.A. bought a new stake in shares of Q2 Holdings, Inc. (NYSE:QTWO - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 66,157 shares of the technology company's stock, valued at approximately $6,659,000. AXA S.A. owned approximately 0.11% of Q2 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Proficio Capital Partners LLC bought a new position in Q2 during the fourth quarter valued at about $29,000. SBI Securities Co. Ltd. bought a new stake in shares of Q2 during the fourth quarter valued at approximately $30,000. TCTC Holdings LLC bought a new stake in shares of Q2 during the fourth quarter valued at approximately $30,000. Ameliora Wealth Management Ltd. acquired a new position in shares of Q2 in the fourth quarter valued at $32,000. Finally, NewEdge Advisors LLC lifted its position in Q2 by 269.6% in the fourth quarter. NewEdge Advisors LLC now owns 377 shares of the technology company's stock worth $38,000 after purchasing an additional 275 shares during the period.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on QTWO. Stifel Nicolaus increased their price objective on shares of Q2 from $100.00 to $105.00 and gave the company a "buy" rating in a research note on Thursday. The Goldman Sachs Group dropped their price target on shares of Q2 from $119.00 to $106.00 and set a "buy" rating for the company in a research report on Friday, March 28th. Needham & Company LLC decreased their price objective on Q2 from $125.00 to $110.00 and set a "buy" rating on the stock in a report on Thursday. Raymond James dropped their target price on Q2 from $110.00 to $105.00 and set an "outperform" rating for the company in a report on Thursday. Finally, Royal Bank of Canada dropped their price objective on Q2 from $108.00 to $101.00 and set a "sector perform" rating for the company in a research note on Thursday. Eight investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $98.80.

Q2 Stock Down 1.3 %

NYSE:QTWO traded down $1.21 during trading hours on Friday, reaching $89.58. 944,699 shares of the stock were exchanged, compared to its average volume of 644,514. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.40 and a quick ratio of 1.40. Q2 Holdings, Inc. has a twelve month low of $55.97 and a twelve month high of $112.82. The stock has a market cap of $5.58 billion, a PE ratio of -137.81 and a beta of 1.47. The firm has a 50 day moving average of $77.63 and a 200 day moving average of $90.14.

Q2 (NYSE:QTWO - Get Free Report) last released its earnings results on Wednesday, February 12th. The technology company reported $0.18 earnings per share for the quarter, missing analysts' consensus estimates 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, 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, Director James Offerdahl sold 1,000 shares of Q2 stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $87.96, for a total transaction of $87,960.00. Following the completion of the transaction, the director now directly owns 17,241 shares in the company, valued at approximately $1,516,518.36. The trade was a 5.48 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CRO Michael A. Volanoski sold 15,005 shares of the company's stock in a transaction on Wednesday, March 12th. The shares were sold at an average price of $74.12, for a total transaction of $1,112,170.60. Following the completion of the transaction, the executive now owns 197,966 shares in the company, valued at approximately $14,673,239.92. This represents a 7.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 193,858 shares of company stock worth $14,853,965 in the last 90 days. Corporate insiders own 3.00% of the company's stock.

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.