Axa S.A. Invests $6.66 Million in Q2 Holdings, Inc. (NYSE:QTWO)

Axa S.A. bought a new stake in Q2 Holdings, Inc. (NYSE:QTWO) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 66,157 shares of the technology company’s stock, valued at approximately $6,659,000. Axa S.A. owned approximately 0.11% of Q2 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in QTWO. William Blair Investment Management LLC acquired a new position in shares of Q2 in the fourth quarter valued at approximately $202,645,000. Capital Research Global Investors grew its holdings in Q2 by 11.2% in the 4th quarter. Capital Research Global Investors now owns 1,518,376 shares of the technology company’s stock valued at $152,825,000 after buying an additional 152,872 shares in the last quarter. Geode Capital Management LLC increased its position in Q2 by 2.7% during the 4th quarter. Geode Capital Management LLC now owns 1,389,181 shares of the technology company’s stock worth $140,175,000 after buying an additional 36,025 shares during the period. Massachusetts Financial Services Co. MA lifted its holdings in shares of Q2 by 107.9% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,345,741 shares of the technology company’s stock worth $135,449,000 after buying an additional 698,464 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its position in shares of Q2 by 732.2% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 745,404 shares of the technology company’s stock valued at $75,025,000 after acquiring an additional 655,838 shares during the period.

Insider Buying and Selling at Q2

In related news, insider Kimberly Anne Rutledge sold 6,656 shares of the stock in a transaction on Wednesday, March 12th. The stock was sold at an average price of $74.12, for a total value of $493,342.72. Following the completion of the sale, the insider now directly owns 113,278 shares in the company, valued at $8,396,165.36. This represents a 5.55 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director James Offerdahl sold 1,000 shares of Q2 stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $87.96, for a total value of $87,960.00. Following the transaction, the director now directly owns 17,241 shares in the company, valued at $1,516,518.36. The trade was a 5.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 193,858 shares of company stock worth $14,853,965. 3.00% of the stock is currently owned by insiders.

Q2 Price Performance

QTWO stock opened at $79.47 on Wednesday. The stock has a market cap of $4.95 billion, a price-to-earnings ratio of -122.26 and a beta of 1.47. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.40 and a quick ratio of 1.40. The company has a 50 day simple moving average of $77.44 and a 200 day simple moving average of $90.11. Q2 Holdings, Inc. has a 1 year low of $55.97 and a 1 year high of $112.82.

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

Analysts Set New Price Targets

Several analysts have weighed in on the stock. Robert W. Baird reiterated a “neutral” rating and issued a $99.00 price objective (up previously from $89.00) on shares of Q2 in a research note on Friday, January 10th. The Goldman Sachs Group cut their price target on Q2 from $119.00 to $106.00 and set a “buy” rating for the company in a research note on Friday, March 28th. Raymond James raised their price objective on Q2 from $100.00 to $110.00 and gave the stock an “outperform” rating in a research note on Thursday, February 13th. Baird R W downgraded Q2 from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 10th. Finally, Truist Financial restated a “buy” rating and issued a $110.00 price target (up previously from $100.00) on shares of Q2 in a research report on Thursday, February 13th. Eight equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $100.60.

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.