William Blair Investment Management LLC Purchases 553,713 Shares of Q2 Holdings, Inc. $QTWO

William Blair Investment Management LLC increased its position in shares of Q2 Holdings, Inc. (NYSE:QTWO) by 25.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,694,718 shares of the technology company’s stock after buying an additional 553,713 shares during the period. William Blair Investment Management LLC’s holdings in Q2 were worth $194,451,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Peregrine Capital Management LLC boosted its holdings in shares of Q2 by 48.7% during the 4th quarter. Peregrine Capital Management LLC now owns 143,243 shares of the technology company’s stock worth $10,336,000 after buying an additional 46,903 shares during the period. Principal Financial Group Inc. boosted its holdings in shares of Q2 by 502.5% during the 3rd quarter. Principal Financial Group Inc. now owns 301,917 shares of the technology company’s stock worth $21,856,000 after buying an additional 251,807 shares during the period. Vanguard Group Inc. boosted its holdings in shares of Q2 by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 7,995,133 shares of the technology company’s stock worth $576,929,000 after buying an additional 82,827 shares during the period. Thrivent Financial for Lutherans boosted its holdings in shares of Q2 by 53.5% during the 3rd quarter. Thrivent Financial for Lutherans now owns 46,658 shares of the technology company’s stock worth $3,378,000 after buying an additional 16,263 shares during the period. Finally, Federated Hermes Inc. boosted its holdings in shares of Q2 by 5.5% during the 3rd quarter. Federated Hermes Inc. now owns 788,374 shares of the technology company’s stock worth $57,070,000 after buying an additional 41,229 shares during the period.

Insider Transactions at Q2

In other news, insider John E. Breeden sold 6,076 shares of the stock in a transaction on Monday, March 9th. The shares were sold at an average price of $51.35, for a total value of $312,002.60. Following the completion of the transaction, the insider owned 84,236 shares in the company, valued at approximately $4,325,518.60. This represents a 6.73% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Matthew P. Flake sold 20,613 shares of the stock in a transaction on Monday, March 9th. The shares were sold at an average price of $51.35, for a total transaction of $1,058,477.55. Following the completion of the transaction, the chief executive officer owned 483,202 shares of the company’s stock, valued at approximately $24,812,422.70. This represents a 4.09% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 411,484 shares of company stock worth $20,720,329. 0.88% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research firms recently issued reports on QTWO. Zacks Research downgraded shares of Q2 from a “strong-buy” rating to a “hold” rating in a report on Monday, March 16th. Needham & Company LLC reaffirmed a “buy” rating and set a $70.00 price objective on shares of Q2 in a report on Thursday, April 30th. Cantor Fitzgerald decreased their price objective on shares of Q2 from $90.00 to $80.00 and set an “overweight” rating for the company in a report on Thursday, February 12th. DA Davidson reaffirmed a “buy” rating and set a $82.00 price objective on shares of Q2 in a report on Monday, May 4th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Q2 in a report on Tuesday, April 21st. Seven equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $75.27.

Q2 Price Performance

Shares of Q2 stock opened at $46.17 on Friday. Q2 Holdings, Inc. has a fifty-two week low of $44.46 and a fifty-two week high of $96.68. The firm has a fifty day moving average price of $48.43 and a two-hundred day moving average price of $59.28. The company has a market cap of $2.89 billion, a PE ratio of 41.22 and a beta of 1.39.

Q2 (NYSE:QTWO) last issued its quarterly earnings results on Wednesday, April 29th. The technology company reported $0.63 earnings per share for the quarter, missing analysts’ consensus estimates of $0.71 by ($0.08). Q2 had a net margin of 8.99% and a return on equity of 14.68%. The company had revenue of $216.51 million during the quarter, compared to the consensus estimate of $214.40 million. During the same period last year, the company earned $0.07 earnings per share. Q2’s revenue for the quarter was up 14.1% on a year-over-year basis. Analysts expect that Q2 Holdings, Inc. will post 1.57 earnings per share for the current fiscal year.

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.