Healthequity Inc (NASDAQ:HQY) – Research analysts at KeyCorp cut their Q4 2018 earnings estimates for shares of Healthequity in a note issued to investors on Tuesday. KeyCorp analyst D. Hooker now forecasts that the company will post earnings of $0.06 per share for the quarter, down from their prior estimate of $0.10. KeyCorp also issued estimates for Healthequity’s FY2019 earnings at $0.68 EPS.
Several other equities research analysts have also recently commented on the stock. BidaskClub cut shares of Healthequity from a “hold” rating to a “sell” rating in a research report on Thursday. Cantor Fitzgerald reissued a “buy” rating and set a $56.00 price target on shares of Healthequity in a research report on Tuesday, December 5th. Chardan Capital boosted their price target on shares of Healthequity from $58.00 to $62.00 and gave the stock a “buy” rating in a research report on Wednesday. Zacks Investment Research cut shares of Healthequity from a “buy” rating to a “hold” rating in a research report on Wednesday, November 15th. Finally, Robert W. Baird reissued a “hold” rating on shares of Healthequity in a research report on Thursday, September 21st. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and eight have issued a buy rating to the company. The company has an average rating of “Buy” and an average target price of $58.33.
Healthequity (NASDAQ:HQY) last posted its quarterly earnings data on Tuesday, December 5th. The company reported $0.17 EPS for the quarter, beating the consensus estimate of $0.13 by $0.04. The business 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 revenue was up 31.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.10 EPS.
Several institutional investors have recently modified their holdings of HQY. Teachers Advisors LLC lifted its holdings in shares of Healthequity by 6.0% during the 1st quarter. Teachers Advisors LLC now owns 79,893 shares of the company’s stock worth $3,391,000 after acquiring an additional 4,542 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Healthequity by 38.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 377,919 shares of the company’s stock worth $16,042,000 after acquiring an additional 104,960 shares during the period. Renaissance Technologies LLC bought a new stake in shares of Healthequity during the 1st quarter worth approximately $1,426,000. Creative Planning lifted its holdings in shares of Healthequity by 94.4% during the 2nd quarter. Creative Planning now owns 3,274 shares of the company’s stock worth $163,000 after acquiring an additional 1,590 shares during the period. Finally, Aperio Group LLC lifted its holdings in shares of Healthequity by 28.2% during the 2nd quarter. Aperio Group LLC now owns 12,773 shares of the company’s stock worth $636,000 after acquiring an additional 2,806 shares during the period. 98.60% of the stock is owned by institutional investors.
In other Healthequity news, VP Darcy G. Mott sold 9,500 shares of the stock in a transaction that occurred on Wednesday, September 20th. The shares were sold at an average price of $46.79, for a total transaction of $444,505.00. Following the transaction, the vice president now owns 87,500 shares in the company, valued at approximately $4,094,125. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Frank Medici sold 700 shares of the stock in a transaction that occurred on Wednesday, November 15th. The stock was sold at an average price of $51.05, for a total transaction of $35,735.00. Following the transaction, the director now owns 6,381 shares in the company, valued at approximately $325,750.05. The disclosure for this sale can be found here. Insiders have sold a total of 1,743,212 shares of company stock worth $91,145,351 over the last 90 days. 29.00% of the stock is owned by company insiders.
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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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