Principal Financial Group Inc. raised its stake in HealthEquity, Inc. (NASDAQ:HQY) by 12.6% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 386,999 shares of the company’s stock after purchasing an additional 43,266 shares during the period. Principal Financial Group Inc. owned approximately 0.65% of HealthEquity worth $19,284,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. Alps Advisors Inc. boosted its holdings in HealthEquity by 0.3% in the 2nd quarter. Alps Advisors Inc. now owns 10,729 shares of the company’s stock valued at $535,000 after purchasing an additional 28 shares during the period. Louisiana State Employees Retirement System boosted its holdings in HealthEquity by 1.1% in the 2nd quarter. Louisiana State Employees Retirement System now owns 18,100 shares of the company’s stock valued at $902,000 after purchasing an additional 200 shares during the period. Arizona State Retirement System boosted its holdings in HealthEquity by 0.9% in the 2nd quarter. Arizona State Retirement System now owns 23,097 shares of the company’s stock valued at $1,151,000 after purchasing an additional 200 shares during the period. PNC Financial Services Group Inc. boosted its holdings in HealthEquity by 4.1% in the 1st quarter. PNC Financial Services Group Inc. now owns 6,249 shares of the company’s stock valued at $265,000 after purchasing an additional 246 shares during the period. Finally, Texas Permanent School Fund boosted its holdings in HealthEquity by 1.5% in the 1st quarter. Texas Permanent School Fund now owns 31,808 shares of the company’s stock valued at $1,350,000 after purchasing an additional 457 shares during the period. 91.86% of the stock is owned by hedge funds and other institutional investors.

A number of equities analysts have recently commented on the stock. TheStreet raised shares of HealthEquity from a “c” rating to a “b” rating in a report on Monday, July 31st. Zacks Investment Research downgraded shares of HealthEquity from a “buy” rating to a “hold” rating in a report on Friday, August 4th. Cantor Fitzgerald reaffirmed a “buy” rating and set a $56.00 price objective on shares of HealthEquity in a report on Tuesday, August 29th. BidaskClub downgraded shares of HealthEquity from a “hold” rating to a “sell” rating in a report on Thursday, August 3rd. Finally, Chardan Capital raised their price objective on shares of HealthEquity from $53.00 to $57.00 and gave the stock a “buy” rating in a report on Wednesday, June 7th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and eight have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $56.50.

HealthEquity, Inc. (NASDAQ:HQY) opened at 45.81 on Friday. The stock’s 50 day moving average is $44.70 and its 200-day moving average is $45.92. HealthEquity, Inc. has a 12-month low of $30.34 and a 12-month high of $54.95. The company has a market capitalization of $2.75 billion, a P/E ratio of 86.11 and a beta of 1.75.

HealthEquity (NASDAQ:HQY) last released its quarterly earnings results on Tuesday, September 5th. The company reported $0.27 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.14 by $0.13. HealthEquity had a net margin of 20.27% and a return on equity of 13.93%. The business had revenue of $56.90 million for the quarter, compared to the consensus estimate of $55.66 million. During the same period in the prior year, the company posted $0.16 earnings per share. HealthEquity’s revenue was up 28.7% compared to the same quarter last year. On average, equities analysts predict that HealthEquity, Inc. will post $0.71 earnings per share for the current fiscal year.

In related news, Director Frank Medici sold 154,265 shares of the company’s stock in a transaction dated Wednesday, June 21st. The shares were sold at an average price of $51.94, for a total transaction of $8,012,524.10. Following the completion of the sale, the director now owns 6,381 shares of the company’s stock, valued at $331,429.14. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Ashley Dreier sold 10,000 shares of the company’s stock in a transaction dated Wednesday, September 6th. The stock was sold at an average price of $45.50, for a total transaction of $455,000.00. Following the sale, the vice president now directly owns 15,652 shares of the company’s stock, valued at approximately $712,166. The disclosure for this sale can be found here. Insiders sold 1,976,064 shares of company stock worth $100,665,521 over the last 90 days. 29.00% of the stock is currently owned by corporate insiders.

TRADEMARK VIOLATION NOTICE: “Principal Financial Group Inc. Raises Holdings in HealthEquity, Inc. (HQY)” was first posted by Daily Political and is owned by of Daily Political. If you are reading this report on another site, it was stolen and reposted in violation of US & international copyright law. The legal version of this report can be accessed at https://www.dailypolitical.com/2017/09/15/principal-financial-group-inc-raises-holdings-in-healthequity-inc-hqy.html.

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.

Institutional Ownership by Quarter for HealthEquity (NASDAQ:HQY)

Receive News & Ratings for HealthEquity Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for HealthEquity Inc. and related companies with MarketBeat.com's FREE daily email newsletter.