Strs Ohio boosted its position in shares of Healthequity Inc (NASDAQ:HQY) by 141.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 18,800 shares of the company’s stock after purchasing an additional 11,000 shares during the period. Strs Ohio’s holdings in Healthequity were worth $1,774,000 at the end of the most recent quarter.
Other hedge funds have also recently modified their holdings of the company. Advisors Asset Management Inc. increased its position in shares of Healthequity by 57.4% during the second quarter. Advisors Asset Management Inc. now owns 2,136 shares of the company’s stock valued at $160,000 after acquiring an additional 779 shares during the last quarter. Rockefeller Capital Management L.P. acquired a new stake in shares of Healthequity during the second quarter valued at about $179,000. Cerebellum GP LLC acquired a new stake in shares of Healthequity during the third quarter valued at about $185,000. Cim LLC acquired a new stake in shares of Healthequity during the second quarter valued at about $204,000. Finally, S&CO Inc. acquired a new stake in shares of Healthequity during the second quarter valued at about $204,000. 96.89% of the stock is currently owned by institutional investors.
In related news, VP Darcy G. Mott sold 4,000 shares of Healthequity stock in a transaction that occurred on Thursday, September 20th. The shares were sold at an average price of $92.93, for a total value of $371,720.00. Following the completion of the transaction, the vice president now owns 96,100 shares in the company, valued at $8,930,573. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders sold 12,000 shares of company stock valued at $1,065,240 in the last 90 days. Company insiders own 4.00% of the company’s stock.
Healthequity (NASDAQ:HQY) last announced its quarterly earnings data on Tuesday, September 4th. The company reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.22 by $0.12. The firm had revenue of $71.10 million during the quarter, compared to analysts’ expectations of $69.84 million. Healthequity had a net margin of 23.81% and a return on equity of 12.58%. The business’s quarterly revenue was up 25.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.27 earnings per share. Research analysts expect that Healthequity Inc will post 0.87 EPS for the current fiscal year.
A number of equities research analysts have weighed in on the stock. Citigroup reiterated a “buy” rating and set a $110.00 price target on shares of Healthequity in a research report on Wednesday, September 5th. BidaskClub upgraded shares of Healthequity from a “buy” rating to a “strong-buy” rating in a research report on Thursday. Cantor Fitzgerald lifted their price target on shares of Healthequity from $68.00 to $80.00 and gave the company a “neutral” rating in a research report on Wednesday, September 5th. Raymond James lifted their price objective on shares of Healthequity from $85.00 to $105.00 and gave the company an “outperform” rating in a report on Monday, September 10th. Finally, Zacks Investment Research upgraded shares of Healthequity from a “sell” rating to a “hold” rating in a report on Tuesday, August 7th. Four investment analysts have rated the stock with a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $93.08.
HealthEquity, Inc provides various solutions for managing health care accounts, health reimbursement arrangements, and flexible spending accounts for health plans, insurance companies, and third-party administrators in the United States. The company offers healthcare saving and spending platform, a cloud-based platform for individuals to make health saving and spending decisions, pay healthcare bills, compare treatment options and prices, receive personalized benefit and clinical information, earn wellness incentives, grow their savings, and make investment choices; and health savings accounts.
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