BNP Paribas Financial Markets Boosts Position in Q2 Holdings, Inc. (NYSE:QTWO)

BNP Paribas Financial Markets lifted its position in Q2 Holdings, Inc. (NYSE:QTWO - Free Report) by 364.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 142,666 shares of the technology company's stock after purchasing an additional 111,946 shares during the quarter. BNP Paribas Financial Markets owned about 0.24% of Q2 worth $14,359,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of QTWO. TCTC Holdings LLC acquired a new stake in shares of Q2 during the 4th quarter worth about $30,000. SBI Securities Co. Ltd. purchased a new position in Q2 during the fourth quarter worth about $30,000. Ameliora Wealth Management Ltd. acquired a new stake in shares of Q2 during the fourth quarter valued at about $32,000. NewEdge Advisors LLC raised its stake in shares of Q2 by 269.6% in the 4th quarter. NewEdge Advisors LLC now owns 377 shares of the technology company's stock valued at $38,000 after acquiring an additional 275 shares during the period. Finally, Transce3nd LLC purchased a new position in shares of Q2 during the 4th quarter worth approximately $98,000.

Wall Street Analysts Forecast Growth

QTWO has been the topic of a number of research reports. Royal Bank of Canada decreased their price target on Q2 from $108.00 to $101.00 and set a "sector perform" rating on the stock in a research note on Thursday. Needham & Company LLC lowered their target price on Q2 from $125.00 to $110.00 and set a "buy" rating for the company in a report on Thursday. Stephens reiterated an "overweight" rating and set a $115.00 price target on shares of Q2 in a research note on Thursday, February 13th. Morgan Stanley raised their price objective on shares of Q2 from $89.00 to $93.00 and gave the company an "equal weight" rating in a research note on Thursday. Finally, Compass Point reiterated a "neutral" rating and set a $60.00 target price on shares of Q2 in a report on Monday, April 7th. Eight analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, Q2 presently has an average rating of "Moderate Buy" and an average target price of $98.80.

Insiders Place Their Bets

In other Q2 news, insider Kimberly Anne Rutledge sold 6,656 shares of the firm's stock in a transaction dated Wednesday, March 12th. The stock was sold at an average price of $74.12, for a total transaction of $493,342.72. Following the transaction, the insider now owns 113,278 shares of the company's stock, valued at approximately $8,396,165.36. This trade represents a 5.55 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Matthew P. Flake sold 56,799 shares of the business's stock in a transaction dated 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 completion of the sale, the chief executive officer now directly owns 453,849 shares of the company's stock, valued at $35,527,299.72. The trade was a 11.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 193,858 shares of company stock valued at $14,853,965. 3.00% of the stock is owned by corporate insiders.

Q2 Stock Performance

Shares of QTWO stock opened at $89.58 on Friday. The company has a market cap of $5.58 billion, a P/E ratio of -137.81 and a beta of 1.47. The firm has a fifty day moving average price of $77.63 and a 200 day moving average price of $90.19. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.58. 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 quarterly earnings data on Wednesday, February 12th. The technology company reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.48 by ($0.30). Q2 had a positive return on equity of 0.85% and a negative net margin of 5.53%. Sell-side analysts predict that Q2 Holdings, Inc. will post 0.67 earnings per share for the current fiscal year.

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.

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