William Blair Investment Management LLC Makes New $202.65 Million Investment in Q2 Holdings, Inc. (NYSE:QTWO)

William Blair Investment Management LLC bought a new position in Q2 Holdings, Inc. (NYSE:QTWO) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 2,013,368 shares of the technology company’s stock, valued at approximately $202,645,000. William Blair Investment Management LLC owned about 3.33% of Q2 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently made changes to their positions in QTWO. Raymond James Financial Inc. purchased a new position in shares of Q2 during the 4th quarter valued at about $18,271,000. Rockefeller Capital Management L.P. purchased a new position in shares of Q2 during the 3rd quarter valued at about $9,847,000. Cookson Peirce & Co. Inc. purchased a new position in shares of Q2 during the 4th quarter valued at about $11,681,000. Wealthfront Advisers LLC purchased a new position in shares of Q2 during the 4th quarter valued at about $9,367,000. Finally, Barclays PLC lifted its position in shares of Q2 by 104.0% during the 3rd quarter. Barclays PLC now owns 163,138 shares of the technology company’s stock valued at $13,012,000 after buying an additional 83,181 shares in the last quarter.

Insider Transactions at Q2

In related news, insider Kimberly Anne Rutledge sold 6,656 shares of the business’s stock in a transaction on Wednesday, March 12th. The stock was sold at an average price of $74.12, for a total transaction of $493,342.72. Following the completion of the transaction, the insider now owns 113,278 shares in the company, valued at $8,396,165.36. The trade was a 5.55 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Jonathan Price sold 42,652 shares of the business’s stock in a transaction on Wednesday, March 12th. The shares were sold at an average price of $74.37, for a total value of $3,172,029.24. Following the transaction, the chief financial officer now owns 209,378 shares of the company’s stock, valued at approximately $15,571,441.86. The trade was a 16.92 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 157,835 shares of company stock worth $11,959,517. 3.00% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

QTWO has been the topic of a number of analyst reports. Robert W. Baird reaffirmed a “neutral” rating and set a $99.00 price objective (up from $89.00) on shares of Q2 in a research report on Friday, January 10th. Royal Bank of Canada lifted their target price on Q2 from $105.00 to $108.00 and gave the company a “sector perform” rating in a research note on Thursday, February 13th. Raymond James lifted their target price on Q2 from $100.00 to $110.00 and gave the company an “outperform” rating in a research note on Thursday, February 13th. Citigroup lifted their target price on Q2 from $96.00 to $100.00 and gave the company a “neutral” rating in a research note on Thursday, February 13th. Finally, Truist Financial reissued a “buy” rating and set a $110.00 target price (up previously from $100.00) on shares of Q2 in a research note on Thursday, February 13th. Seven investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, Q2 presently has a consensus rating of “Moderate Buy” and an average target price of $105.27.

Q2 Price Performance

Shares of Q2 stock opened at $75.89 on Monday. The stock has a market cap of $4.61 billion, a price-to-earnings ratio of -116.76 and a beta of 1.62. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.40 and a current ratio of 1.40. The stock has a 50 day moving average price of $89.81 and a 200-day moving average price of $90.27. Q2 Holdings, Inc. has a one year low of $46.50 and a one year high of $112.82.

Q2 (NYSE:QTWO) last announced its 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 positive return on equity of 0.85% and a negative net margin of 5.53%. Equities analysts expect that Q2 Holdings, Inc. will post 0.67 EPS for the current year.

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.