BidaskClub Lowers HealthEquity, Inc. (HQY) to Hold

About shares traded. Healthequity Inc (NASDAQ:HQY) has risen 95.58% since August 11, 2016 and is uptrending.

Aureus Asset Management Llc increased Healthequity Inc Com (HQY) stake by 54.09% reported in 2016Q4 SEC filing. Chardan Capital restated a buy rating and set a $53.00 price objective (up previously from $50.00) on shares of HealthEquity in a research note on Wednesday, March 22nd. J P Morgan Chase & Co boosted their target price on shares of HealthEquity from $44.00 to $51.00 and gave the company an "overweight" rating in a report on Wednesday, March 22nd. Oppenheimer Holdings, Inc. reissued an "outperform" rating and set a $61.00 price target (up from $57.00) on shares of HealthEquity in a research report on Monday, June 12th. Cantor Fitzgerald maintained the shares of HQY in report on Thursday, July 13 with "Buy" rating. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and eleven have given a buy rating to the stock. The company now has a consensus rating of Buy and a consensus price target of $50.22. (HQY) traded down 2.62% during mid-day trading on Friday, hitting $44.93. The company's stock had a trading volume of 579,253 shares. The stock has a 50-day moving average of $48.74 and a 200 day moving average of $46.12. HealthEquity has a 52 week low of $28.39 and a 52 week high of $54.95. The company has a market capitalization of $2.69 billion, a P/E ratio of 84.45 and a beta of 1.73. Suntrust Robinson maintained Healthequity Inc (NASDAQ:HQY) on Wednesday, June 8 with "Buy" rating. In the latest earnings report the EPS was $0.53 and is estimated to be $0.58 for the current year with 59,973,000 shares now outstanding. HealthEquity had a return on equity of 11.61% and a net margin of 17.04%. The company had revenue of $55.40 million for the quarter, compared to the consensus estimate of $54.77 million. Next quarter's EPS is expected be $0.13 and the next full year EPS is projected to be $0.70. The business's revenue was up 25.9% on a year-over-year basis. If you are reading this article on another website, it was illegally copied and republished in violation of worldwide trademark and copyright laws. If you are accessing this story on another domain, it was illegally stolen and republished in violation of global trademark & copyright legislation. The correct version of this news story can be read at https://sportsperspectives.com/2017/08/10/creative-planning-has-163000-position-in-healthequity-inc-hqy.html.

In other news, major shareholder Berkley Capital, Llc sold 248,351 shares of the company's stock in a transaction that occurred on Tuesday, June 13th. Following the sale, the vice president now owns 15,652 shares of the company's stock, valued at approximately $748,322.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The stock was sold at an average price of $50.83, for a total value of $432,055.00. FMR LLC now owns 1,248,441 shares of the company's stock worth $50,587,000 after buying an additional 680,671 shares during the period. The disclosure for this sale can be found here. In the last ninety days, insiders sold 2,472,321 shares of company stock worth $126,690,513.

Several other institutional investors have also recently bought and sold shares of the company. BlackRock Inc. increased its stake in shares of HealthEquity by 157,852.9% in the first quarter. Nationwide Fund Advisors now owns 236,865 shares of the company's stock valued at $10,055,000 after buying an additional 93,861 shares during the last quarter. Glen Harbor Capital Management LLC boosted its stake in HealthEquity by 0.4% in the first quarter. Teachers Retirement System of The State of Kentucky now owns 13,600 shares of the company's stock worth $551,000 after buying an additional 1,600 shares during the period. NBW Capital LLC boosted its stake in HealthEquity by 86.0% in the first quarter. Elkfork Partners LLC now owns 55,944 shares of the company's stock valued at $2,375,000 after buying an additional 196 shares during the last quarter.

Top Ace Asset Management Ltd holds 10.8% of its portfolio in Sigma Designs Inc for 1.60 million shares. Oppenheimer Asset Management Inc. now owns 2,686 shares of the company's stock worth $134,000 after buying an additional 191 shares during the period. Teachers Retirement System of The State of Kentucky increased its stake in shares of HealthEquity by 13.3% in the fourth quarter. Insiders own 29.00% of the company's stock.

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.

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