Stephens Investment Management Group LLC Has $56.11 Million Holdings in Q2 Holdings Inc (NYSE:QTWO)

Stephens Investment Management Group LLC lifted its holdings in Q2 Holdings Inc (NYSE:QTWO) by 0.6% during the 2nd quarter, HoldingsChannel reports. The fund owned 734,848 shares of the technology company’s stock after acquiring an additional 4,633 shares during the quarter. Q2 accounts for approximately 1.1% of Stephens Investment Management Group LLC’s holdings, making the stock its 23rd largest position. Stephens Investment Management Group LLC’s holdings in Q2 were worth $56,113,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Bank of America Corp DE boosted its holdings in Q2 by 4.1% during the fourth quarter. Bank of America Corp DE now owns 96,851 shares of the technology company’s stock worth $4,800,000 after buying an additional 3,838 shares in the last quarter. Legal & General Group Plc boosted its holdings in Q2 by 7.2% during the fourth quarter. Legal & General Group Plc now owns 14,078 shares of the technology company’s stock worth $698,000 after buying an additional 949 shares in the last quarter. FMR LLC boosted its holdings in Q2 by 11,963.5% during the fourth quarter. FMR LLC now owns 30,038 shares of the technology company’s stock worth $1,489,000 after buying an additional 29,789 shares in the last quarter. Norges Bank bought a new stake in Q2 during the fourth quarter worth approximately $25,818,000. Finally, Geode Capital Management LLC boosted its holdings in Q2 by 8.8% during the fourth quarter. Geode Capital Management LLC now owns 379,916 shares of the technology company’s stock worth $18,824,000 after buying an additional 30,709 shares in the last quarter. Institutional investors and hedge funds own 99.30% of the company’s stock.

QTWO has been the subject of a number of recent analyst reports. SunTrust Banks raised their price objective on shares of Q2 from $84.00 to $100.00 and gave the stock a “buy” rating in a research note on Friday, August 9th. Wells Fargo & Co raised their price objective on shares of Q2 from $75.00 to $80.00 and gave the stock an “outperform” rating in a research note on Thursday, May 9th. Stifel Nicolaus raised their price objective on shares of Q2 from $74.00 to $82.00 and gave the stock a “buy” rating in a research note on Thursday, August 8th. Royal Bank of Canada raised their price objective on shares of Q2 from $79.00 to $94.00 and gave the stock an “outperform” rating in a research note on Thursday, August 8th. Finally, Compass Point assumed coverage on shares of Q2 in a research report on Tuesday. They issued a “buy” rating and a $105.00 target price for the company. One analyst has rated the stock with a sell rating, four have given a hold rating and twelve have issued a buy rating to the company. Q2 currently has a consensus rating of “Buy” and an average target price of $79.75.

QTWO stock traded up $2.57 during midday trading on Thursday, reaching $90.67. The company had a trading volume of 7,889 shares, compared to its average volume of 434,073. Q2 Holdings Inc has a 1 year low of $43.41 and a 1 year high of $89.73. The company has a debt-to-equity ratio of 1.40, a current ratio of 2.08 and a quick ratio of 2.08. The stock has a market capitalization of $4.20 billion, a P/E ratio of -243.73 and a beta of 1.38. The company’s 50 day moving average price is $79.75.

Q2 (NYSE:QTWO) last released its earnings results on Wednesday, August 7th. The technology company reported ($0.20) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.21) by $0.01. Q2 had a negative net margin of 20.73% and a negative return on equity of 18.28%. The company had revenue of $77.60 million during the quarter, compared to the consensus estimate of $76.10 million. During the same quarter in the prior year, the firm earned $0.01 EPS. The company’s revenue was up 32.0% compared to the same quarter last year. As a group, equities research analysts predict that Q2 Holdings Inc will post -0.65 EPS for the current year.

In other news, insider Matthew P. Flake sold 25,000 shares of the firm’s stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $80.52, for a total transaction of $2,013,000.00. Following the transaction, the insider now owns 323,999 shares in the company, valued at approximately $26,088,399.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Matthew P. Flake sold 120,000 shares of the firm’s stock in a transaction on Monday, June 10th. The shares were sold at an average price of $69.50, for a total transaction of $8,340,000.00. Following the transaction, the insider now owns 298,999 shares in the company, valued at approximately $20,780,430.50. The disclosure for this sale can be found here. Insiders have sold a total of 480,537 shares of company stock worth $35,941,718 in the last 90 days. 12.80% of the stock is owned by insiders.

Q2 Company Profile

Q2 Holdings, Inc provides cloud-based digital banking solutions to regional and community financial institutions (RCFIs) in the United States. It offers Q2 Digital Banking and Transactions, a browser-based digital banking solution that delivers RCFI-branded digital banking capabilities; Q2mobility App, a mobile and tablet digital banking solution; Q2mobile Remote Deposit Capture, a partnered solution that allows remote check deposit capture; and Q2 Person-to-Person Payments, a partnered secure and integrated person-to-person payments solution.

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Institutional Ownership by Quarter for Q2 (NYSE:QTWO)

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