5 Best Stocks to Buy Now According to Jeffrey Diehl’s Adams Street Partners

04. Q2 Holdings, Inc. (NYSE:QTWO)

Adams Street Partners Stake Value: $29.991 million

Percentage of Adams Street Partners 13F Portfolio: 7.8%

Number of Hedge Fund Holders as of Q2 2022: 19

Brett Barakett’s Tremblant Capital held the largest stake of 1.68 million shares in Q2 Holdings, Inc. (NYSE:QTWO) during Q2, worth $64.845 million. On September 12, after the Q2 results, Citi analyst Andrew Schmidt cut his price target for Q2 Holdings, Inc. (NYSE:QTWO) to $63 from $78 and maintained a Buy rating on the shares.

At the end of the second quarter of 2022, 19 hedge funds in the database of Insider Monkey held stakes worth $131.957 million in Q2 Holdings, Inc. (NYSE:QTWO), compared to the same 9 in the preceding quarter but having a worth of $195.910 million.

Artisan Small Cap Fund, in its Q3 2021 investor letter, mentioned Q2 Holdings, Inc. (NYSE: QTWO) and discussed its stance on the firm. Here is what the fund said:

“Among our bottom contributors was Q2 Holdings. Q2 Holdings is a leading provider of secure, cloud-based virtual banking solutions for smaller regional and community banks. Shares have been pressured alongside slowing in the company’s bookings backlog as it faces difficult year-over-year growth comparisons and recovers from an air pocket of bookings caused by delays in bank decision-making during the harshest of pandemic lockdowns. We expect these headwinds to abate over the near-to-intermediate term. We believe several areas of Q2’s business appear lowly penetrated— RCFI regional and community financial institutions—and given recent client wins, a reasonable valuation and an improving selling environment, we are remaining patient.”