State of Wisconsin Investment Board Has $7.59 Million Holdings in HealthEquity, Inc. (HQY)
State of Wisconsin Investment Board raised its position in shares of HealthEquity, Inc. (NASDAQ:HQY) by 56.1% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 150,000 shares of the company’s stock after purchasing an additional 53,885 shares during the period. State of Wisconsin Investment Board owned 0.25% of HealthEquity worth $7,587,000 at the end of the most recent quarter.
A number of other institutional investors have also recently bought and sold shares of HQY. Teachers Advisors LLC boosted its stake in HealthEquity by 6.0% during the 1st quarter. Teachers Advisors LLC now owns 79,893 shares of the company’s stock valued at $3,391,000 after purchasing an additional 4,542 shares during the period. Dimensional Fund Advisors LP boosted its stake in HealthEquity by 38.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 377,919 shares of the company’s stock valued at $16,042,000 after purchasing an additional 104,960 shares during the period. Renaissance Technologies LLC acquired a new position in HealthEquity during the 1st quarter valued at about $1,426,000. Schwab Charles Investment Management Inc. boosted its stake in HealthEquity by 9.3% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 180,474 shares of the company’s stock valued at $7,662,000 after purchasing an additional 15,414 shares during the period. Finally, Bank of America Corp DE boosted its stake in HealthEquity by 57.6% during the 1st quarter. Bank of America Corp DE now owns 86,183 shares of the company’s stock valued at $3,659,000 after purchasing an additional 31,500 shares during the period. 91.75% of the stock is owned by hedge funds and other institutional investors.
In related news, Director Frank Medici sold 700 shares of the business’s stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of $51.05, for a total value of $35,735.00. Following the sale, the director now directly owns 6,381 shares in the company, valued at approximately $325,750.05. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Berkley Capital, Llc sold 23,479 shares of the business’s stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $51.08, for a total transaction of $1,199,307.32. The disclosure for this sale can be found here. Insiders sold a total of 1,587,770 shares of company stock worth $82,754,799 over the last quarter. Insiders own 29.00% of the company’s stock.
Shares of HealthEquity, Inc. (NASDAQ HQY) opened at $50.17 on Friday. The firm has a market cap of $3,034.73, a P/E ratio of 79.63, a PEG ratio of 2.20 and a beta of 1.77. HealthEquity, Inc. has a one year low of $37.62 and a one year high of $55.31.
HealthEquity (NASDAQ:HQY) last released its earnings results on Tuesday, September 5th. The company reported $0.27 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.13. HealthEquity had a net margin of 20.27% and a return on equity of 13.93%. The business had revenue of $56.90 million for the quarter, compared to the consensus estimate of $55.66 million. During the same period in the previous year, the firm earned $0.16 EPS. The business’s revenue for the quarter was up 28.7% on a year-over-year basis. research analysts predict that HealthEquity, Inc. will post 0.7 EPS for the current year.
A number of analysts have recently weighed in on the stock. BidaskClub lowered shares of HealthEquity from a “buy” rating to a “hold” rating in a research note on Monday, July 24th. Zacks Investment Research lowered shares of HealthEquity from a “buy” rating to a “hold” rating in a research note on Wednesday. TheStreet raised shares of HealthEquity from a “c” rating to a “b” rating in a research note on Monday, July 31st. Cantor Fitzgerald reaffirmed a “buy” rating and issued a $56.00 price target on shares of HealthEquity in a research note on Tuesday, September 5th. Finally, Robert W. Baird reaffirmed a “hold” rating on shares of HealthEquity in a research note on Thursday, September 21st. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $57.50.
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HealthEquity Company Profile
HealthEquity, Inc provides 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. The Company is engaged in technology-enabled services platforms that allow consumers to make healthcare saving and spending decisions.
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