Nomura Holdings Inc. Buys 42,570 Shares of Q2 Holdings, Inc. (NYSE:QTWO)

Nomura Holdings Inc. raised its position in shares of Q2 Holdings, Inc. (NYSE:QTWO) by 48.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 129,888 shares of the technology company’s stock after purchasing an additional 42,570 shares during the quarter. Nomura Holdings Inc. owned 0.22% of Q2 worth $13,073,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the company. William Blair Investment Management LLC purchased a new position in Q2 during the fourth quarter valued at approximately $202,645,000. Capital Research Global Investors lifted its holdings in Q2 by 11.2% during the fourth quarter. Capital Research Global Investors now owns 1,518,376 shares of the technology company’s stock valued at $152,825,000 after purchasing an additional 152,872 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Q2 by 2.7% during the fourth quarter. Geode Capital Management LLC now owns 1,389,181 shares of the technology company’s stock valued at $140,175,000 after purchasing an additional 36,025 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in 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 valued at $135,449,000 after purchasing an additional 698,464 shares in the last quarter. Finally, Ameriprise Financial Inc. lifted its holdings in Q2 by 105.8% during the fourth quarter. Ameriprise Financial Inc. now owns 1,012,787 shares of the technology company’s stock valued at $101,937,000 after purchasing an additional 520,649 shares in the last quarter.

Insiders Place Their Bets

In related news, CRO Michael A. Volanoski sold 15,005 shares of the company’s stock in a transaction dated Wednesday, March 12th. The shares were sold at an average price of $74.12, for a total value of $1,112,170.60. Following the completion of the sale, the executive now directly owns 197,966 shares of the company’s stock, valued at $14,673,239.92. This represents a 7.05% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Kimberly Anne Rutledge sold 6,656 shares of the company’s stock in a transaction dated 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 sale, the insider now directly owns 113,278 shares of the company’s stock, valued at approximately $8,396,165.36. This trade represents a 5.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 193,858 shares of company stock valued at $14,853,965 over the last three months. 0.31% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the stock. The Goldman Sachs Group lowered their price target on shares of Q2 from $119.00 to $106.00 and set a “buy” rating on the stock in a report on Friday, March 28th. Needham & Company LLC reduced their price objective on shares of Q2 from $125.00 to $110.00 and set a “buy” rating on the stock in a research report on Thursday, May 8th. Compass Point reiterated a “neutral” rating and set a $60.00 price objective on shares of Q2 in a research report on Monday, April 7th. Stifel Nicolaus lifted their price objective on shares of Q2 from $100.00 to $105.00 and gave the company a “buy” rating in a research report on Thursday, May 8th. Finally, Royal Bank of Canada reduced their price objective on shares of Q2 from $108.00 to $101.00 and set a “sector perform” rating on the stock in a research report on Thursday, May 8th. Eight investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $98.80.

Q2 Trading Down 1.3%

Shares of QTWO opened at $91.52 on Thursday. The company’s fifty day moving average is $78.17 and its 200 day moving average is $90.31. Q2 Holdings, Inc. has a fifty-two week low of $55.97 and a fifty-two week high of $112.82. The stock has a market capitalization of $5.70 billion, a PE ratio of -140.80 and a beta of 1.47. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.40 and a current ratio of 1.40.

Q2 (NYSE:QTWO) last posted its quarterly earnings data on Wednesday, February 12th. The technology company reported $0.18 EPS for the quarter, missing the consensus estimate of $0.48 by ($0.30). Q2 had a positive return on equity of 0.85% and a negative net margin of 5.53%. Sell-side analysts expect that Q2 Holdings, Inc. will post 0.67 earnings per share for the current fiscal year.

Q2 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.