Comerica Bank Sells 316,938 Shares of HealthEquity, Inc. $HQY

Comerica Bank trimmed its stake in HealthEquity, Inc. (NASDAQ:HQY) by 92.3% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 26,332 shares of the company’s stock after selling 316,938 shares during the period. Comerica Bank’s holdings in HealthEquity were worth $2,412,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Xponance Inc. raised its stake in shares of HealthEquity by 0.8% during the third quarter. Xponance Inc. now owns 12,265 shares of the company’s stock valued at $1,162,000 after acquiring an additional 102 shares in the last quarter. Fiduciary Trust Co grew its stake in HealthEquity by 3.4% in the third quarter. Fiduciary Trust Co now owns 3,669 shares of the company’s stock worth $348,000 after purchasing an additional 120 shares in the last quarter. Larson Financial Group LLC increased its holdings in HealthEquity by 24.4% during the 3rd quarter. Larson Financial Group LLC now owns 628 shares of the company’s stock worth $60,000 after purchasing an additional 123 shares during the period. Farther Finance Advisors LLC increased its holdings in HealthEquity by 59.3% during the 3rd quarter. Farther Finance Advisors LLC now owns 392 shares of the company’s stock worth $37,000 after purchasing an additional 146 shares during the period. Finally, GAMMA Investing LLC raised its position in HealthEquity by 9.5% during the 4th quarter. GAMMA Investing LLC now owns 1,944 shares of the company’s stock valued at $178,000 after purchasing an additional 168 shares in the last quarter. 99.55% of the stock is currently owned by institutional investors.

HealthEquity Stock Performance

Shares of HealthEquity stock opened at $82.63 on Wednesday. The company has a market capitalization of $6.98 billion, a PE ratio of 33.59, a P/E/G ratio of 1.49 and a beta of 0.19. The company has a debt-to-equity ratio of 0.45, a quick ratio of 3.27 and a current ratio of 3.27. The company has a 50-day simple moving average of $80.99 and a two-hundred day simple moving average of $87.89. HealthEquity, Inc. has a one year low of $72.76 and a one year high of $116.65.

HealthEquity (NASDAQ:HQY) last released its quarterly earnings results on Tuesday, March 17th. The company reported $0.95 earnings per share for the quarter, beating analysts’ consensus estimates of $0.90 by $0.05. HealthEquity had a net margin of 16.39% and a return on equity of 13.86%. The business had revenue of $334.59 million for the quarter, compared to analysts’ expectations of $332.48 million. The firm’s quarterly revenue was up 7.3% compared to the same quarter last year. Research analysts expect that HealthEquity, Inc. will post 3.84 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on HQY shares. Royal Bank Of Canada dropped their price target on HealthEquity from $110.00 to $100.00 and set an “outperform” rating on the stock in a research report on Wednesday, March 18th. Raymond James Financial set a $100.00 target price on shares of HealthEquity in a report on Tuesday, February 17th. The Goldman Sachs Group lowered shares of HealthEquity from a “neutral” rating to a “sell” rating and set a $89.00 price target for the company. in a report on Friday, January 9th. BMO Capital Markets upgraded shares of HealthEquity from a “market perform” rating to an “outperform” rating and increased their price objective for the company from $85.00 to $105.00 in a research note on Thursday, April 9th. Finally, Wall Street Zen raised shares of HealthEquity from a “hold” rating to a “buy” rating in a research note on Saturday, April 11th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $111.79.

HealthEquity Profile

HealthEquity, Inc (NASDAQ: HQY) is a leading administrator of consumer-directed health accounts and related benefit solutions in the United States. Founded in 2002 and headquartered in Draper, Utah, the company specializes in health savings accounts (HSAs) and offers complementary services such as flexible spending accounts (FSAs), health reimbursement arrangements (HRAs), COBRA administration and commuter benefits. Through its technology-driven platform, HealthEquity enables employers, health plans and individuals to streamline account management, improve cost transparency and encourage more informed healthcare spending.

Serving millions of members across all 50 states, HealthEquity leverages an open-architecture ecosystem that integrates with health plans, payroll providers and financial institutions.