Q2 Holdings, Inc. $QTWO Shares Sold by William Blair Investment Management LLC

William Blair Investment Management LLC lowered its position in Q2 Holdings, Inc. (NYSE:QTWO) by 1.2% in the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 821,135 shares of the technology company’s stock after selling 9,579 shares during the period. William Blair Investment Management LLC’s holdings in Q2 were worth $45,524,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Russell Investments Group Ltd. boosted its position in shares of Q2 by 14.3% during the third quarter. Russell Investments Group Ltd. now owns 68,256 shares of the technology company’s stock valued at $3,784,000 after purchasing an additional 8,522 shares in the last quarter. Eurizon Capital SGR S.p.A. raised its holdings in Q2 by 21.1% in the third quarter. Eurizon Capital SGR S.p.A. now owns 2,330 shares of the technology company’s stock worth $129,000 after purchasing an additional 406 shares in the last quarter. Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. bought a new position in Q2 in the third quarter worth $146,000. King Luther Capital Management Corp lifted its position in Q2 by 18.6% during the third quarter. King Luther Capital Management Corp now owns 151,678 shares of the technology company’s stock valued at $8,409,000 after buying an additional 23,738 shares during the period. Finally, Maryland State Retirement & Pension System lifted its position in Q2 by 54.0% during the third quarter. Maryland State Retirement & Pension System now owns 13,979 shares of the technology company’s stock valued at $775,000 after buying an additional 4,903 shares during the period.

Analysts Set New Price Targets

A number of brokerages have recently commented on QTWO. Robert W. Baird set a $83.00 target price on shares of Q2 in a report on Thursday, October 29th. Stifel Nicolaus increased their price target on shares of Q2 from $75.00 to $85.00 and gave the stock a “buy” rating in a research note on Thursday, October 29th. Needham & Company LLC lifted their price target on shares of Q2 from $75.00 to $85.00 and gave the company a “buy” rating in a research report on Thursday, October 29th. UBS Group reissued a “buy” rating on shares of Q2 in a research report on Thursday, October 29th. Finally, Stephens assumed coverage on shares of Q2 in a research note on Thursday, October 15th. They set an “overweight” rating and a $74.00 price objective on the stock. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $78.33.

Insider Activity at Q2

In other news, General Counsel Michael Kerr sold 2,655 shares of the firm’s stock in a transaction on Wednesday, November 11th. The stock was sold at an average price of $74.81, for a total transaction of $198,620.55. Following the completion of the transaction, the general counsel directly owned 78,084 shares in the company, valued at $5,841,464.04. This trade represents a 3.29% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.88% of the company’s stock.

Q2 Price Performance

QTWO stock traded up $1.07 on Friday, reaching $74.03. 257,720 shares of the company traded hands, compared to its average volume of 864,325. Q2 Holdings, Inc. has a one year low of $40.79 and a one year high of $76.37. The company has a market cap of $4.57 billion, a P/E ratio of 43.80 and a beta of 1.36. The firm has a fifty day simple moving average of $63.27 and a 200-day simple moving average of $55.09.

Q2 (NYSE:QTWO) last announced its quarterly earnings data on Wednesday, October 28th. The technology company reported $0.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.72 by $0.02. Q2 had a return on equity of 17.85% and a net margin of 12.66%. The business had revenue of $225.77 million during the quarter, compared to analysts’ expectations of $221.23 million. During the same quarter in the previous year, the business earned $0.23 earnings per share. The firm’s quarterly revenue was up 11.9% compared to the same quarter last year. On average, sell-side analysts forecast that Q2 Holdings, Inc. will post 1.88 EPS for the current year.

Q2 Company Profile

Q2 Holdings, Inc. provides digital banking and financial technology solutions to banks, credit unions and other financial institutions. Its cloud-based platform helps institutions deliver online and mobile banking services to consumers and businesses. The company’s offerings include digital account opening, lending, payments, data and analytics, and tools for managing customer relationships. Q2 also provides technology and services that help financial institutions connect with fintech companies and expand their digital offerings.