Pinebridge Investments L.P. grew its holdings in shares of Healthequity Inc (NASDAQ:HQY) by 85.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 50,577 shares of the company’s stock after buying an additional 23,330 shares during the quarter. Pinebridge Investments L.P.’s holdings in Healthequity were worth $2,360,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Dimensional Fund Advisors LP lifted its position in shares of Healthequity by 25.3% during the second quarter. Dimensional Fund Advisors LP now owns 473,433 shares of the company’s stock worth $23,591,000 after purchasing an additional 95,514 shares in the last quarter. State Street Corp lifted its position in shares of Healthequity by 10.8% during the second quarter. State Street Corp now owns 1,172,117 shares of the company’s stock worth $58,411,000 after purchasing an additional 114,294 shares in the last quarter. Arrowstreet Capital Limited Partnership acquired a new position in shares of Healthequity during the second quarter worth $224,000. The Manufacturers Life Insurance Company lifted its position in shares of Healthequity by 15.3% during the second quarter. The Manufacturers Life Insurance Company now owns 38,816 shares of the company’s stock worth $1,935,000 after purchasing an additional 5,156 shares in the last quarter. Finally, California State Teachers Retirement System lifted its position in shares of Healthequity by 3.9% during the second quarter. California State Teachers Retirement System now owns 88,324 shares of the company’s stock worth $4,401,000 after purchasing an additional 3,332 shares in the last quarter. Institutional investors own 99.47% of the company’s stock.
A number of research analysts have recently commented on HQY shares. Zacks Investment Research cut shares of Healthequity from a “buy” rating to a “hold” rating in a research report on Friday, November 3rd. BidaskClub raised shares of Healthequity from a “sell” rating to a “hold” rating in a report on Tuesday, November 7th. Chardan Capital upped their price target on shares of Healthequity from $58.00 to $62.00 and gave the company a “buy” rating in a report on Wednesday, December 6th. Cantor Fitzgerald reaffirmed a “buy” rating and issued a $56.00 price target on shares of Healthequity in a report on Tuesday, December 5th. Finally, Citigroup assumed coverage on shares of Healthequity in a report on Thursday, January 4th. They issued a “buy” rating on the stock. One equities research analyst has rated the stock with a hold rating and ten have assigned a buy rating to the stock. Healthequity presently has an average rating of “Buy” and a consensus price target of $56.67.
In other Healthequity news, insider Jon Kessler sold 40,000 shares of the stock in a transaction on Thursday, January 25th. The shares were sold at an average price of $49.47, for a total transaction of $1,978,800.00. Following the sale, the insider now directly owns 485,000 shares of the company’s stock, valued at $23,992,950. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Frank Medici sold 7,540 shares of the stock in a transaction on Friday, November 24th. The stock was sold at an average price of $51.42, for a total transaction of $387,706.80. Following the sale, the director now directly owns 6,381 shares in the company, valued at $328,111.02. The disclosure for this sale can be found here. Insiders sold 739,840 shares of company stock worth $38,033,281 over the last ninety days. 19.00% of the stock is currently owned by corporate insiders.
Shares of Healthequity Inc (NASDAQ:HQY) opened at $55.92 on Wednesday. The stock has a market cap of $3,328.50, a price-to-earnings ratio of 75.57, a P/E/G ratio of 2.09 and a beta of 1.70. Healthequity Inc has a twelve month low of $37.62 and a twelve month high of $56.81.
Healthequity (NASDAQ:HQY) last posted its quarterly earnings results on Tuesday, December 5th. The company reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.04. The firm had revenue of $56.80 million for the quarter, compared to analysts’ expectations of $55.27 million. Healthequity had a net margin of 21.08% and a return on equity of 14.47%. The firm’s quarterly revenue was up 31.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.10 earnings per share. research analysts predict that Healthequity Inc will post 0.73 EPS for the current fiscal year.
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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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