Mutual of America Capital Management LLC increased its stake in HealthEquity, Inc. (NASDAQ:HQY – Get a rating) by 2.1% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The company held 76,235 shares of the company after purchasing an additional 1,549 shares during the quarter. Mutual of America Capital Management LLC’s holdings in HealthEquity were worth $5,141,000 when it last filed with the SEC.
Several other institutional investors also changed their stock holdings. IndexIQ Advisors LLC bought a new position in shares of HealthEquity in the fourth quarter worth about $27,000. Pinebridge Investments LP bought a new position in shares of HealthEquity in the fourth quarter worth about $31,000. Signaturefd LLC increased its stake in shares of HealthEquity by 44.3% in the first quarter. Signaturefd LLC now owns 954 shares of the company worth $64,000 after purchasing an additional 293 shares in the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main bought a new position in shares of HealthEquity in the fourth quarter worth around $68,000. Finally, Steward Partners Investment Advisory LLC increased its stake in shares of HealthEquity by 30.0% in the first quarter. Steward Partners Investment Advisory LLC now owns 1,371 shares of the company worth $92,000 after buying 316 additional shares in the last quarter. Institutional investors and hedge funds own 97.44% of the company’s shares.
HealthEquity Price Performance
Shares of HQY opened at $56.95 on Monday. HealthEquity, Inc. has a 1-year low of $36.81 and a 1-year high of $76.33. The stock has a market capitalization of $4.80 billion, a PE ratio of -86.29, a P/E/G ratio of 4.22 and a beta of 1.04. The company has a 50-day simple moving average of $62.33 and a two-hundred-day simple moving average of $59.48.
EquityHealth (NASDAQ:HQY – Get a rating) last announced its quarterly results on Monday, June 6. The company reported earnings per share of $0.15 for the quarter, beating consensus analyst estimates of $0.11 by $0.04. HealthEquity recorded a negative net margin of 7.11% and a positive return on equity of 3.03%. The company posted revenue of $205.68 million in the quarter, compared to $202.72 million expected by analysts. During the same period last year, the company made earnings per share of $0.25. As a group, sell-side analysts expect HealthEquity, Inc. to post earnings per share of 0.66 for the current fiscal year.
Analysts set new price targets
HQY has been the subject of several research reports. Wells Fargo & Company launched coverage on HealthEquity stocks in a Monday, April 11 research note. They issued an “overweight” rating and a price target of $95.00 on the stock. Barrington Research raised its target price on HealthEquity shares from $70.00 to $75.00 in a Tuesday, June 7 research note. StockNews.com downgraded HealthEquity shares from a “hold” rating to a “sell” rating in a Sunday, March 27 research note. BTIG Research upgraded shares of HealthEquity from a “neutral” rating to a “buy” rating and set a target price of $85.00 on the stock in a Wednesday, March 30 research note. Finally, the Goldman Sachs group launched a hedge on HealthEquity shares in a Tuesday, July 12 research note. They set a rating of “sell” and a target price of $59.00 on the stock. Two equity research analysts gave the stock a sell rating and ten gave the company a buy rating. According to data from MarketBeat, HealthEquity currently has an average rating of “Moderate Buy” and an average price target of $74.33.
Insider Activity at HealthEquity
In related news, COO Edward Bloomberg sold 1,500 shares of HealthEquity in a trade that took place on Thursday, June 9. The shares were sold at an average price of $63.31, for a total value of $94,965.00. Following completion of the transaction, the COO now owns 60,850 shares of the company, valued at $3,852,413.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, available at the SEC website. Insiders of the company own 2.80% of the shares of the company.
HealthEquity Company Profile
HealthEquity, Inc provides technology service platforms to consumers and employers in the United States. The Company offers cloud-based platforms for individuals to make healthcare savings and spending decisions, pay healthcare bills, compare treatment options and prices, receive benefits personalized and clinical information, earn wellness incentives, increase savings, and make investment choices; and health savings accounts.
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