Frank Medici Sells 537,102 Shares of HealthEquity, Inc. (HQY) Stock

HealthEquity, Inc. (NASDAQ:HQY) Director Frank Medici sold 537,102 shares of the stock in a transaction that occurred on Friday, July 14th. The shares were sold at an average price of $51.24, for a total transaction of $27,521,106.48. Following the transaction, the director now directly owns 6,381 shares of the company’s stock, valued at $326,962.44. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Frank Medici also recently made the following trade(s):

  • On Thursday, July 13th, Frank Medici sold 131,800 shares of HealthEquity stock. The stock was sold at an average price of $51.42, for a total transaction of $6,777,156.00.
  • On Wednesday, July 12th, Frank Medici sold 332,511 shares of HealthEquity stock. The stock was sold at an average price of $51.13, for a total transaction of $17,001,287.43.
  • On Friday, July 7th, Frank Medici sold 186,749 shares of HealthEquity stock. The stock was sold at an average price of $50.26, for a total transaction of $9,386,004.74.
  • On Wednesday, July 5th, Frank Medici sold 23,649 shares of HealthEquity stock. The stock was sold at an average price of $50.27, for a total transaction of $1,188,835.23.
  • On Wednesday, June 21st, Frank Medici sold 154,265 shares of HealthEquity stock. The stock was sold at an average price of $51.94, for a total transaction of $8,012,524.10.
  • On Wednesday, June 14th, Frank Medici sold 210,906 shares of HealthEquity stock. The stock was sold at an average price of $52.03, for a total transaction of $10,973,439.18.

HealthEquity, Inc. (HQY) traded down 2.62% on Friday, hitting $44.93. 579,253 shares of the stock traded hands. The company has a market capitalization of $2.69 billion, a PE ratio of 84.45 and a beta of 1.73. HealthEquity, Inc. has a 12 month low of $28.39 and a 12 month high of $54.95. The firm has a 50-day moving average price of $48.92 and a 200-day moving average price of $46.14.

HealthEquity (NASDAQ:HQY) last announced its quarterly earnings data on Tuesday, June 6th. The company reported $0.19 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.16 by $0.03. The firm had revenue of $55.40 million during the quarter, compared to analyst estimates of $54.77 million. HealthEquity had a net margin of 17.04% and a return on equity of 11.61%. HealthEquity’s revenue was up 25.9% on a year-over-year basis. During the same period last year, the firm posted $0.15 EPS. Analysts forecast that HealthEquity, Inc. will post $0.58 earnings per share for the current year.

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Several analysts have recently weighed in on the stock. Cantor Fitzgerald raised their price objective on shares of HealthEquity from $50.00 to $55.00 and gave the company an “overweight” rating in a research report on Wednesday, June 7th. Oppenheimer Holdings, Inc. restated an “outperform” rating and set a $61.00 price objective (up previously from $57.00) on shares of HealthEquity in a research report on Monday, June 12th. BidaskClub lowered shares of HealthEquity from a “buy” rating to a “hold” rating in a report on Monday, July 24th. Zacks Investment Research raised shares of HealthEquity from a “hold” rating to a “buy” rating and set a $54.00 target price on the stock in a report on Wednesday, July 12th. Finally, Chardan Capital increased their target price on shares of HealthEquity from $53.00 to $57.00 and gave the company a “buy” rating in a report on Wednesday, June 7th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and eleven have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $50.22.

Institutional investors have recently bought and sold shares of the company. BlackRock Inc. raised its position in HealthEquity by 157,852.9% in the first quarter. BlackRock Inc. now owns 5,589,953 shares of the company’s stock worth $237,293,000 after buying an additional 5,586,414 shares in the last quarter. FMR LLC raised its position in HealthEquity by 45.6% in the second quarter. FMR LLC now owns 2,235,150 shares of the company’s stock valued at $111,378,000 after buying an additional 699,728 shares during the period. TimesSquare Capital Management LLC purchased a new position in HealthEquity during the second quarter valued at $25,822,000. Norges Bank purchased a new position in HealthEquity during the fourth quarter valued at $14,203,000. Finally, Henderson Group PLC purchased a new position in HealthEquity during the first quarter valued at $12,323,000. 90.26% of the stock is owned by institutional investors.

About HealthEquity

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.

Insider Buying and Selling by Quarter for HealthEquity (NASDAQ:HQY)

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