Bessemer Group Inc. Raises Stake in Q2 Holdings, Inc. $QTWO

Bessemer Group Inc. boosted its holdings in Q2 Holdings, Inc. (NYSE:QTWO) by 16.4% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 399,611 shares of the technology company’s stock after buying an additional 56,261 shares during the period. Bessemer Group Inc. owned approximately 0.64% of Q2 worth $28,928,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Optimize Financial Inc acquired a new stake in shares of Q2 in the third quarter worth $415,000. Envestnet Asset Management Inc. boosted its position in Q2 by 32.9% during the 3rd quarter. Envestnet Asset Management Inc. now owns 113,971 shares of the technology company’s stock worth $8,250,000 after purchasing an additional 28,207 shares during the period. Principal Financial Group Inc. increased its holdings in Q2 by 502.5% in the 3rd quarter. Principal Financial Group Inc. now owns 301,917 shares of the technology company’s stock valued at $21,856,000 after purchasing an additional 251,807 shares in the last quarter. Thrivent Financial for Lutherans raised its position in Q2 by 53.5% in the third quarter. Thrivent Financial for Lutherans now owns 46,658 shares of the technology company’s stock valued at $3,378,000 after purchasing an additional 16,263 shares during the period. Finally, Independent Advisor Alliance acquired a new position in shares of Q2 during the third quarter worth about $266,000.

Insiders Place Their Bets

In related news, COO Himagiri K. Mukkamala sold 3,024 shares of the stock in a transaction dated Wednesday, December 10th. The shares were sold at an average price of $73.68, for a total transaction of $222,808.32. Following the sale, the chief operating officer owned 96,046 shares in the company, valued at $7,076,669.28. This represents a 3.05% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CRO Michael A. Volanoski sold 5,123 shares of Q2 stock in a transaction that occurred on Friday, December 12th. The shares were sold at an average price of $75.46, for a total value of $386,581.58. Following the completion of the transaction, the executive owned 166,512 shares of the company’s stock, valued at approximately $12,564,995.52. The trade was a 2.98% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 20,883 shares of company stock valued at $1,547,778. Company insiders own 0.31% of the company’s stock.

Q2 Stock Performance

Shares of Q2 stock opened at $57.01 on Friday. Q2 Holdings, Inc. has a 1 year low of $54.63 and a 1 year high of $102.07. The firm’s 50-day simple moving average is $69.41 and its 200-day simple moving average is $71.99. The firm has a market cap of $3.56 billion, a PE ratio of 118.77 and a beta of 1.36.

Q2 (NYSE:QTWO) last announced its quarterly earnings data on Wednesday, November 5th. The technology company reported $0.23 earnings per share for the quarter, missing the consensus estimate of $0.55 by ($0.32). Q2 had a net margin of 4.12% and a return on equity of 10.92%. The firm had revenue of $201.70 million during the quarter, compared to the consensus estimate of $197.87 million. During the same period in the prior year, the firm earned ($0.20) earnings per share. The firm’s quarterly revenue was up 15.2% compared to the same quarter last year. On average, equities analysts predict that Q2 Holdings, Inc. will post 0.67 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms have recently issued reports on QTWO. Royal Bank Of Canada lowered their target price on Q2 from $102.00 to $86.00 and set a “sector perform” rating for the company in a research note on Thursday, November 6th. Stifel Nicolaus dropped their price objective on shares of Q2 from $110.00 to $90.00 and set a “buy” rating on the stock in a research note on Wednesday, October 15th. UBS Group set a $82.00 target price on shares of Q2 in a research report on Tuesday. Stephens set a $90.00 price target on shares of Q2 in a research note on Friday, January 16th. Finally, Cantor Fitzgerald cut their price objective on shares of Q2 from $110.00 to $90.00 and set an “overweight” rating on the stock in a report on Wednesday, October 29th. Nine investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $92.27.

About Q2

Q2 Holdings, Inc develops and delivers cloud-based digital banking solutions that enable banks and credit unions to enhance customer and member experiences. The company’s core offerings include the Q2 Platform, a comprehensive suite of online and mobile banking applications for retail and commercial customers, as well as digital onboarding, payments, and fraud prevention tools. Q2’s platform also provides analytics and reporting capabilities designed to help financial institutions tailor products, optimize workflows, and drive engagement.

Founded in 2004 and headquartered in Austin, Texas, Q2 serves hundreds of financial institutions across the United States and Canada.