Healthequity Inc (NASDAQ:HQY) – Cantor Fitzgerald dropped their FY2018 earnings per share (EPS) estimates for shares of Healthequity in a research report issued to clients and investors on Wednesday. Cantor Fitzgerald analyst S. Halper now anticipates that the company will post earnings of $0.65 per share for the year, down from their previous forecast of $0.67. Cantor Fitzgerald currently has a “Buy” rating and a $56.00 target price on the stock.
Healthequity (NASDAQ:HQY) last released its quarterly earnings results on Tuesday, December 5th. The company reported $0.17 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.13 by $0.04. Healthequity had a return on equity of 14.47% and a net margin of 21.08%. The company had revenue of $56.80 million during the quarter, compared to analysts’ expectations of $55.27 million. During the same quarter in the prior year, the business posted $0.10 earnings per share. The company’s revenue for the quarter was up 31.0% compared to the same quarter last year.
Healthequity (NASDAQ:HQY) traded up $0.78 during trading hours on Monday, hitting $44.54. The stock had a trading volume of 520,812 shares, compared to its average volume of 533,107. Healthequity has a 12 month low of $37.62 and a 12 month high of $55.31. The company has a market capitalization of $2,650.79, a PE ratio of 62.41, a price-to-earnings-growth ratio of 1.81 and a beta of 1.74.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Alps Advisors Inc. lifted its stake in Healthequity by 0.3% in the 2nd quarter. Alps Advisors Inc. now owns 10,729 shares of the company’s stock worth $535,000 after acquiring an additional 28 shares in the last quarter. Albion Financial Group UT lifted its stake in Healthequity by 1.4% in the 2nd quarter. Albion Financial Group UT now owns 8,694 shares of the company’s stock worth $433,000 after acquiring an additional 120 shares in the last quarter. Oppenheimer Asset Management Inc. lifted its stake in Healthequity by 7.7% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 2,686 shares of the company’s stock worth $134,000 after acquiring an additional 191 shares in the last quarter. Arizona State Retirement System lifted its stake in Healthequity by 0.9% in the 2nd quarter. Arizona State Retirement System now owns 23,097 shares of the company’s stock worth $1,151,000 after acquiring an additional 200 shares in the last quarter. Finally, Suntrust Banks Inc. lifted its stake in Healthequity by 2.7% in the 2nd quarter. Suntrust Banks Inc. now owns 9,408 shares of the company’s stock worth $468,000 after acquiring an additional 250 shares in the last quarter. 98.60% of the stock is owned by institutional investors and hedge funds.
In other news, major shareholder Berkley Capital, Llc sold 1,100 shares of the company’s stock in a transaction on Monday, October 9th. The stock was sold at an average price of $51.95, for a total transaction of $57,145.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Frank Medici sold 700 shares of the company’s stock in a transaction on Wednesday, November 15th. The shares were sold at an average price of $51.05, for a total value of $35,735.00. Following the sale, the director now directly owns 6,381 shares of the company’s stock, valued at $325,750.05. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,743,212 shares of company stock valued at $91,145,351. Insiders own 19.00% of the company’s stock.
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Healthequity Company Profile
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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