Darcy G. Mott Sells 10,000 Shares of HealthEquity Inc. (HQY) Stock
HealthEquity Inc. (NASDAQ:HQY) CFO Darcy G. Mott sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, September 20th. The stock was sold at an average price of $35.03, for a total transaction of $350,300.00. Following the sale, the chief financial officer now owns 84,000 shares of the company’s stock, valued at $2,942,520. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
Shares of HealthEquity Inc. (NASDAQ:HQY) traded up 2.12% on Wednesday, reaching $36.20. 849,136 shares of the company were exchanged. The company has a 50-day moving average price of $31.56 and a 200 day moving average price of $27.76. The stock has a market capitalization of $2.12 billion, a PE ratio of 92.82 and a beta of 1.65. HealthEquity Inc. has a 1-year low of $15.80 and a 1-year high of $36.80.
HealthEquity (NASDAQ:HQY) last announced its earnings results on Tuesday, September 6th. The company reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.03. HealthEquity had a net margin of 15.21% and a return on equity of 10.89%. The firm earned $44.20 million during the quarter. During the same period in the previous year, the firm posted $0.08 EPS. The company’s revenue for the quarter was up 44.9% compared to the same quarter last year. On average, analysts forecast that HealthEquity Inc. will post $0.51 EPS for the current fiscal year.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Arizona State Retirement System increased its position in shares of HealthEquity by 3.4% in the first quarter. Arizona State Retirement System now owns 18,097 shares of the company’s stock valued at $446,000 after buying an additional 600 shares during the last quarter. LPL Financial LLC bought a new position in HealthEquity during the first quarter worth approximately $339,000. Geode Capital Management LLC increased its position in HealthEquity by 11.2% in the first quarter. Geode Capital Management LLC now owns 257,109 shares of the company’s stock worth $6,342,000 after buying an additional 25,859 shares in the last quarter. Tiverton Asset Management LLC bought a new position in HealthEquity during the first quarter worth approximately $962,000. Finally, JPMorgan Chase & Co. increased its position in HealthEquity by 16.8% in the first quarter. JPMorgan Chase & Co. now owns 490,214 shares of the company’s stock worth $12,094,000 after buying an additional 70,607 shares in the last quarter. 91.41% of the stock is owned by hedge funds and other institutional investors.
Several research analysts have weighed in on HQY shares. Raymond James Financial Inc. increased their target price on shares of HealthEquity from $32.00 to $40.00 and gave the stock an “outperform” rating in a research note on Monday, September 12th. Zacks Investment Research lowered shares of HealthEquity from a “buy” rating to a “hold” rating in a research note on Friday, September 9th. SunTrust Banks Inc. reissued a “buy” rating on shares of HealthEquity in a research note on Thursday, September 8th. Barrington Research raised their price objective on shares of HealthEquity from $34.00 to $38.00 and gave the company an “outperform” rating in a research note on Thursday, September 8th. Finally, Robert W. Baird raised their price objective on shares of HealthEquity from $31.00 to $35.00 and gave the company a “neutral” rating in a research note on Wednesday, September 7th. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. HealthEquity has a consensus rating of “Buy” and a consensus target price of $36.00.
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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