Bessemer Group Inc. Raises Holdings in Q2 Holdings, Inc. (NYSE:QTWO)

Bessemer Group Inc. grew its stake in Q2 Holdings, Inc. (NYSE:QTWO - Free Report) by 4.1% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 328,625 shares of the technology company's stock after purchasing an additional 12,879 shares during the period. Bessemer Group Inc. owned approximately 0.54% of Q2 worth $26,294,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also made changes to their positions in the stock. William Blair Investment Management LLC acquired a new position in Q2 in the fourth quarter valued at approximately $202,645,000. Assenagon Asset Management S.A. lifted its holdings in Q2 by 1,043.1% in the first quarter. Assenagon Asset Management S.A. now owns 954,979 shares of the technology company's stock valued at $76,408,000 after acquiring an additional 871,437 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in Q2 by 107.9% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,345,741 shares of the technology company's stock valued at $135,449,000 after acquiring an additional 698,464 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in Q2 by 732.2% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 745,404 shares of the technology company's stock valued at $75,025,000 after acquiring an additional 655,838 shares during the last quarter. Finally, Ameriprise Financial Inc. lifted its holdings in Q2 by 105.8% in the fourth quarter. Ameriprise Financial Inc. now owns 1,012,787 shares of the technology company's stock valued at $101,937,000 after acquiring an additional 520,649 shares during the last quarter.

Insider Activity

In other Q2 news, Director James Offerdahl sold 1,000 shares of the firm's stock in a transaction on Thursday, May 22nd. The stock was sold at an average price of $87.77, for a total value of $87,770.00. Following the sale, the director now directly owns 16,241 shares in the company, valued at $1,425,472.57. This trade represents a 5.80% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, General Counsel Michael S. Kerr sold 397 shares of the firm's stock in a transaction on Wednesday, May 14th. The shares were sold at an average price of $92.90, for a total value of $36,881.30. Following the completion of the sale, the general counsel now owns 58,441 shares in the company, valued at approximately $5,429,168.90. This represents a 0.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 40,014 shares of company stock worth $3,251,601. Corporate insiders own 3.00% of the company's stock.

Q2 Stock Down 0.7%

Shares of NYSE QTWO traded down $0.66 during mid-day trading on Friday, hitting $94.07. The company had a trading volume of 1,121,980 shares, compared to its average volume of 644,473. The company has a market capitalization of $5.86 billion, a PE ratio of -268.77 and a beta of 1.48. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.43 and a quick ratio of 1.43. Q2 Holdings, Inc. has a 1-year low of $59.51 and a 1-year high of $112.82. The business's 50-day simple moving average is $86.82 and its 200 day simple moving average is $87.83.

Analysts Set New Price Targets

A number of research firms recently commented on QTWO. Compass Point reiterated a "neutral" rating and issued a $60.00 price objective on shares of Q2 in a report on Monday, April 7th. Wall Street Zen cut Q2 from a "strong-buy" rating to a "buy" rating in a research note on Sunday, June 8th. The Goldman Sachs Group decreased their price target on Q2 from $119.00 to $106.00 and set a "buy" rating on the stock in a research note on Friday, March 28th. Robert W. Baird upped their price target on Q2 from $84.00 to $90.00 and gave the stock a "neutral" rating in a research note on Thursday, May 8th. Finally, Stifel Nicolaus upped their price target on Q2 from $100.00 to $105.00 and gave the stock a "buy" rating in a research note on Thursday, May 8th. Eight analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, Q2 presently has a consensus rating of "Moderate Buy" and a consensus target price of $100.41.

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.