BidaskClub Lowers HealthEquity, Inc. (HQY) to Hold

Oceane Deschanel
Agosto 13, 2017

Janney Montgomery Scott LLC increased its position in shares of HealthEquity by 17.7% in the first quarter. (NASDAQ:HQY) by 14.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. About 24,487 shares traded. TIAA CREF Investment Management LLC owned 0.24% of HealthEquity worth $6,069,000 as of its most recent filing with the SEC. Vanguard Group Inc. now owns 4,115,237 shares of the company's stock valued at $174,691,000 after buying an additional 240,136 shares during the last quarter. FMR LLC increased its stake in shares of HealthEquity by 45.6% in the second quarter. FMR LLC increased its stake in shares of HealthEquity by 119.9% in the fourth quarter. Teachers Retirement System of The State of Kentucky now owns 13,600 shares of the company's stock valued at $551,000 after buying an additional 1,600 shares during the last quarter. Bank of New York Mellon Corp now owns 816,504 shares of the company's stock valued at $34,661,000 after buying an additional 264,604 shares during the period. Neuburgh Advisers LLC boosted its stake in shares of HealthEquity by 0.4% in the first quarter. Alps Advisors Inc. now owns 10,729 shares of the company's stock valued at $535,000 after buying an additional 28 shares during the period. Finally, Kornitzer Capital Management Inc. Finally, UBS Group AG boosted its stake in HealthEquity by 59.5% in the first quarter. Kornitzer Capital Management Inc. Following the sale, the insider now owns 1,000 shares of the company's stock, valued at $50,830. The California-based Blackrock Fund Advisors has invested 0% in the stock. (HQY) traded down 2.62% during trading on Friday, hitting $44.93.

Several hedge funds have recently made changes to their positions in the company. HealthEquity, Inc. The stock's 50-day moving average price is $48.74 and its 200-day moving average price is $46.12.

The P/E ratio is now 84.45 and the market cap of the company is 2.69B. On average, equities research analysts anticipate that HealthEquity, Inc. will post $0.58 earnings per share for the current year. After $0.19 actual EPS reported by Healthequity Inc for the previous quarter, Wall Street now forecasts -26.32% negative EPS growth. HealthEquity had a return on equity of 11.61% and a net margin of 17.04%. The company had revenue of $55.40 million during the quarter, compared to the consensus estimate of $54.77 million. Next quarter's EPS is expected be $0.13 and the next full year EPS is projected to be $0.70. HealthEquity's revenue was up 25.9% compared to the same quarter past year. If you are reading this article on another publication, it was stolen and republished in violation of United States and global copyright & trademark legislation. The correct version of this piece of content can be accessed at KeyBanc Capital Markets initiated the stock with "Overweight" rating in Tuesday, January 24 report. Oppenheimer Holdings, Inc. restated an outperform rating and set a $61.00 price target (up previously from $57.00) on shares of HealthEquity in a research note on Monday, June 12th. Zacks Investment Research lowered HealthEquity from a "buy" rating to a "hold" rating in a research report on Friday, August 4th. J P Morgan Chase & Co boosted their target price on shares of HealthEquity from $44.00 to $51.00 and gave the company an "overweight" rating in a report on Wednesday, March 22nd. Aureus Asset Management Llc acquired 60,330 shares as Healthequity Inc Com (HQY)'s stock rose 4.44%. The stock of Healthequity Inc (NASDAQ:HQY) has "Buy" rating given on Wednesday, June 7 by Chardan Capital Markets. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and eleven have given a buy rating to the stock. The company has a consensus rating of Buy and an average target price of $50.22.

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In other news, major shareholder Berkley Capital, Llc sold 248,351 shares of the company's stock in a transaction that occurred on Tuesday, June 13th. The stock was sold at an average price of $47.81, for a total value of $478,100.00. Following the completion of the sale, the director now owns 6,381 shares in the company, valued at $332,003.43. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Stephen Neeleman sold 8,500 shares of the business's stock in a transaction that occurred on Monday, July 17th.

As of quarter end Artisan Partners Limited Partnership had sold a total of 13,399 shares trimming its stake by 3.5%. In the last quarter, insiders sold 2,440,821 shares of company stock worth $125,325,268.

HealthEquity, Inc., launched on October 18, 2002, is a provider of a range of solutions for managing healthcare accounts (Health Savings Accounts (HSAs), Health Reimbursement Arrangements (HRAs) and Flexible Spending Accounts (FSAs)) for health plans, insurance companies and third-party administrators.

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