290,298 Shares in Healthequity Inc (HQY) Acquired by Henderson Group PLC

Henderson Group PLC bought a new position in Healthequity Inc (NASDAQ:HQY) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 290,298 shares of the company’s stock, valued at approximately $12,323,000. Henderson Group PLC owned 0.49% of Healthequity at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of HQY. Municipal Employees Retirement System of Michigan increased its stake in shares of Healthequity by 1.7% in the third quarter. Municipal Employees Retirement System of Michigan now owns 7,840 shares of the company’s stock valued at $297,000 after buying an additional 130 shares in the last quarter. Glen Harbor Capital Management LLC increased its stake in shares of Healthequity by 0.4% in the first quarter. Glen Harbor Capital Management LLC now owns 43,956 shares of the company’s stock valued at $1,866,000 after buying an additional 154 shares in the last quarter. State of Alaska Department of Revenue increased its stake in shares of Healthequity by 4.3% in the first quarter. State of Alaska Department of Revenue now owns 4,850 shares of the company’s stock valued at $205,000 after buying an additional 200 shares in the last quarter. Putnam Investments LLC increased its stake in shares of Healthequity by 1.3% in the fourth quarter. Putnam Investments LLC now owns 33,387 shares of the company’s stock valued at $1,353,000 after buying an additional 437 shares in the last quarter. Finally, New York State Teachers Retirement System increased its stake in shares of Healthequity by 1.6% in the fourth quarter. New York State Teachers Retirement System now owns 31,051 shares of the company’s stock valued at $1,258,000 after buying an additional 500 shares in the last quarter. 89.22% of the stock is owned by institutional investors and hedge funds.

Institutional Ownership by Quarter for Healthequity (NASDAQ:HQY)

Healthequity Inc (NASDAQ:HQY) traded up 0.34% during mid-day trading on Friday, reaching $44.73. The company had a trading volume of 312,724 shares. The stock has a 50 day moving average price of $44.29 and a 200-day moving average price of $42.88. The stock has a market capitalization of $2.67 billion, a P/E ratio of 101.66 and a beta of 1.94. Healthequity Inc has a 12-month low of $22.26 and a 12-month high of $49.25.

Healthequity (NASDAQ:HQY) last issued its earnings results on Tuesday, March 21st. The company reported $0.07 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.05 by $0.02. Healthequity had a return on equity of 11.08% and a net margin of 15.19%. The firm had revenue of $46.83 million for the quarter, compared to analysts’ expectations of $45.55 million. During the same period in the previous year, the firm posted $0.07 earnings per share. The business’s revenue was up 30.4% compared to the same quarter last year. Equities analysts anticipate that Healthequity Inc will post $0.53 EPS for the current fiscal year.

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Several research analysts have weighed in on the company. KeyCorp assumed coverage on Healthequity in a research report on Monday, January 23rd. They set an “overweight” rating and a $60.00 price objective on the stock. Chardan Capital reiterated a “buy” rating and set a $47.00 price objective on shares of Healthequity in a research report on Tuesday, February 7th. CIBC assumed coverage on Healthequity in a research report on Tuesday, March 14th. They set an “outperform” rating on the stock. FIX assumed coverage on Healthequity in a research report on Tuesday, March 14th. They set an “outperform” rating on the stock. Finally, Wells Fargo & Co assumed coverage on Healthequity in a research report on Tuesday, March 14th. They set an “outperform” rating on the stock. Three research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $45.18.

In other Healthequity news, CFO Darcy G. Mott sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 21st. The stock was sold at an average price of $42.60, for a total transaction of $426,000.00. Following the sale, the chief financial officer now directly owns 74,000 shares of the company’s stock, valued at $3,152,400. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Adrian T. Dillon acquired 5,000 shares of Healthequity stock in a transaction on Thursday, March 30th. The shares were bought at an average cost of $40.53 per share, for a total transaction of $202,650.00. The disclosure for this purchase can be found here. Insiders sold 282,765 shares of company stock worth $12,699,478 over the last ninety days. Insiders own 29.00% of the company’s stock.

About Healthequity

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.

5 Day Chart for NASDAQ:HQY

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