Bessemer Group Inc. Acquires 12,879 Shares of Q2 Holdings, Inc. (NYSE:QTWO)

Bessemer Group Inc. lifted its holdings in shares of Q2 Holdings, Inc. (NYSE:QTWO - Free Report) by 4.1% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 328,625 shares of the technology company's stock after purchasing an additional 12,879 shares during the quarter. Bessemer Group Inc. owned 0.54% of Q2 worth $26,294,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. TCTC Holdings LLC acquired a new position in shares of Q2 in the 4th quarter valued at approximately $30,000. SBI Securities Co. Ltd. bought a new stake in Q2 during the fourth quarter worth $30,000. NewEdge Advisors LLC boosted its holdings 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 purchasing an additional 275 shares in the last quarter. Versant Capital Management Inc bought a new position in shares of Q2 in the 1st quarter valued at $33,000. Finally, Transce3nd LLC acquired a new position in shares of Q2 during the 4th quarter worth $98,000.

Q2 Trading Down 0.7%

Shares of Q2 stock traded down $0.66 on Friday, hitting $94.07. The stock had a trading volume of 1,121,980 shares, compared to its average volume of 647,677. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 0.55. Q2 Holdings, Inc. has a one year low of $59.34 and a one year high of $112.82. The stock's 50-day simple moving average is $86.43 and its two-hundred day simple moving average is $88.16. The stock has a market cap of $5.86 billion, a price-to-earnings ratio of -268.77 and a beta of 1.48.

Insiders Place Their Bets

In other news, Director James Offerdahl sold 1,000 shares of the stock in a transaction that occurred on Thursday, May 22nd. The stock was sold at an average price of $87.77, for a total transaction of $87,770.00. Following the completion of the transaction, the director now directly owns 16,241 shares in the company, valued at approximately $1,425,472.57. This represents a 5.80% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CRO Michael A. Volanoski sold 1,428 shares of the business's stock in a transaction on Thursday, June 12th. The stock was sold at an average price of $88.88, for a total transaction of $126,920.64. Following the completion of the sale, the executive now owns 175,812 shares in the company, valued at $15,626,170.56. This represents a 0.81% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 40,014 shares of company stock valued at $3,251,601. Corporate insiders own 0.31% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on QTWO shares. JPMorgan Chase & Co. began coverage on Q2 in a research note on Wednesday, June 18th. They issued an "overweight" rating and a $115.00 price objective on the stock. Morgan Stanley upped their price objective on shares of Q2 from $89.00 to $93.00 and gave the stock an "equal weight" rating in a research report on Thursday, May 8th. Stifel Nicolaus lifted their price target on Q2 from $100.00 to $105.00 and gave the company a "buy" rating in a research note on Thursday, May 8th. Robert W. Baird lifted their target price on shares of Q2 from $84.00 to $90.00 and gave the stock a "neutral" rating in a research report on Thursday, May 8th. Finally, Cantor Fitzgerald started coverage on Q2 in a research report on Tuesday, June 3rd. They issued an "overweight" rating and a $110.00 price objective for the company. Eight research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $100.41.

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.