BNP Paribas Financial Markets Increases Stock Holdings in Q2 Holdings, Inc. (NYSE:QTWO)

BNP Paribas Financial Markets grew its stake in shares of Q2 Holdings, Inc. (NYSE:QTWO - Free Report) by 364.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 142,666 shares of the technology company's stock after buying an additional 111,946 shares during the period. BNP Paribas Financial Markets owned 0.24% of Q2 worth $14,359,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Barclays PLC boosted its stake in Q2 by 104.0% in the third quarter. Barclays PLC now owns 163,138 shares of the technology company's stock worth $13,012,000 after buying an additional 83,181 shares in the last quarter. Franklin Resources Inc. boosted its stake in Q2 by 17.5% in the third quarter. Franklin Resources Inc. now owns 47,461 shares of the technology company's stock worth $3,888,000 after buying an additional 7,053 shares in the last quarter. Principal Financial Group Inc. boosted its stake in Q2 by 38.6% in the third quarter. Principal Financial Group Inc. now owns 176,695 shares of the technology company's stock worth $14,095,000 after buying an additional 49,233 shares in the last quarter. Diversified Trust Co purchased a new stake in Q2 in the fourth quarter worth approximately $203,000. Finally, Atomi Financial Group Inc. purchased a new stake in Q2 in the fourth quarter worth approximately $348,000.

Q2 Stock Up 0.5%

Shares of NYSE:QTWO traded up $0.50 on Friday, hitting $90.79. 97,658 shares of the company traded hands, compared to its average volume of 647,496. Q2 Holdings, Inc. has a 52 week low of $55.97 and a 52 week high of $112.82. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.58. The stock has a 50 day simple moving average of $78.86 and a 200-day simple moving average of $90.36. The company has a market cap of $5.66 billion, a PE ratio of -139.64 and a beta of 1.47.

Q2 (NYSE:QTWO - Get Free Report) last posted its quarterly 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 negative net margin of 5.53% and a positive return on equity of 0.85%. As a group, research analysts expect that Q2 Holdings, Inc. will post 0.67 earnings per share for the current year.

Insider Activity

In related news, General Counsel Michael S. Kerr sold 397 shares of the stock in a transaction on Wednesday, May 14th. The stock was sold at an average price of $92.90, for a total transaction of $36,881.30. Following the sale, the general counsel now directly owns 58,441 shares of the company's stock, valued at $5,429,168.90. This trade represents a 0.67% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Matthew P. Flake sold 36,023 shares of the stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $80.35, for a total value of $2,894,448.05. Following the sale, the chief executive officer now directly owns 485,666 shares in the company, valued at $39,023,263.10. This trade represents a 6.91% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 194,255 shares of company stock worth $14,890,846 over the last 90 days. 0.31% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. Stephens reissued an "overweight" rating and set a $115.00 price objective on shares of Q2 in a research note on Thursday, February 13th. The Goldman Sachs Group dropped their price objective on Q2 from $119.00 to $106.00 and set a "buy" rating for the company in a research note on Friday, March 28th. Robert W. Baird increased their price objective on Q2 from $84.00 to $90.00 and gave the company a "neutral" rating in a research note on Thursday, May 8th. Raymond James dropped their price objective on Q2 from $110.00 to $105.00 and set an "outperform" rating for the company in a research note on Thursday, May 8th. 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, May 8th. Eight analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat, Q2 currently has an average rating of "Moderate Buy" and an average target price of $98.80.

Q2 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.