Axa S.A. Purchases 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) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 66,157 shares of the technology company's stock, valued at approximately $6,659,000. AXA S.A. owned about 0.11% of Q2 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the stock. Nordea Investment Management AB grew its position in shares of Q2 by 61.8% during the 4th quarter. Nordea Investment Management AB now owns 111,110 shares of the technology company's stock valued at $11,208,000 after buying an additional 42,433 shares during the last quarter. Janney Montgomery Scott LLC acquired a new stake in shares of Q2 during the 4th quarter worth approximately $288,000. Charles Schwab Investment Management Inc. lifted its holdings in shares of Q2 by 2.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 507,065 shares of the technology company's stock worth $51,036,000 after purchasing an additional 10,636 shares during the last quarter. Dakota Wealth Management boosted its position in Q2 by 189.8% during the 4th quarter. Dakota Wealth Management now owns 16,030 shares of the technology company's stock valued at $1,613,000 after purchasing an additional 10,498 shares during the period. Finally, Raymond James Financial Inc. bought a new position in Q2 during the 4th quarter worth $18,271,000.

Insider Transactions at Q2

In related news, CRO Michael A. Volanoski sold 15,005 shares of the business's stock in a transaction that occurred on Wednesday, March 12th. The stock was sold at an average price of $74.12, for a total value of $1,112,170.60. Following the completion of the sale, the executive now directly owns 197,966 shares in the company, valued at approximately $14,673,239.92. The trade was a 7.05% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Matthew P. Flake sold 56,799 shares of the stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $78.28, for a total value of $4,446,225.72. Following the transaction, the chief executive officer now owns 453,849 shares in the company, valued at approximately $35,527,299.72. This trade represents a 11.12% decrease in their position. The disclosure for this sale can be found here. Insiders sold 193,858 shares of company stock valued at $14,853,965 in the last three months. Corporate insiders own 0.31% of the company's stock.

Q2 Stock Up 3.1%

Shares of NYSE QTWO traded up $2.76 during mid-day trading on Monday, reaching $92.38. The company had a trading volume of 151,948 shares, compared to its average volume of 643,635. 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 company has a market capitalization of $5.76 billion, a price-to-earnings ratio of -142.12 and a beta of 1.47. The stock has a fifty day moving average of $77.63 and a two-hundred day moving average of $90.24. Q2 Holdings, Inc. has a 12-month low of $55.97 and a 12-month high of $112.82.

Q2 (NYSE:QTWO - Get Free Report) last released its earnings results on Wednesday, February 12th. The technology company reported $0.18 earnings per share (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%. As a group, equities research analysts expect that Q2 Holdings, Inc. will post 0.67 EPS for the current year.

Analyst Ratings Changes

QTWO has been the subject of a number of recent analyst reports. The Goldman Sachs Group decreased their target price 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. Compass Point reiterated a "neutral" rating and set a $60.00 price objective on shares of Q2 in a research note on Monday, April 7th. Raymond James decreased their price target on Q2 from $110.00 to $105.00 and set an "outperform" rating for the company in a research note on Thursday. Stephens reissued an "overweight" rating and issued a $115.00 price objective on shares of Q2 in a research note on Thursday, February 13th. Finally, Truist Financial reaffirmed a "buy" rating and set a $110.00 target price (up previously from $100.00) on shares of Q2 in a research note on Thursday, February 13th. Eight investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $98.80.

About Q2

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.