Louisiana State Employees Retirement System Acquires 200 Shares of HealthEquity, Inc. (NASDAQ:HQY)

Louisiana State Employees Retirement System increased its position in HealthEquity, Inc. (NASDAQ:HQY) by 1.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 18,100 shares of the company’s stock after buying an additional 200 shares during the period. Louisiana State Employees Retirement System’s holdings in HealthEquity were worth $902,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in HQY. Neuburgh Advisers LLC boosted its stake in HealthEquity by 0.4% in the first quarter. Neuburgh Advisers LLC now owns 31,968 shares of the company’s stock valued at $1,357,000 after buying an additional 112 shares during the period. Glen Harbor Capital Management LLC boosted its position in HealthEquity by 0.4% in the first quarter. Glen Harbor Capital Management LLC now owns 43,956 shares of the company’s stock valued at $1,866,000 after buying an additional 154 shares during the last quarter. Elkfork Partners LLC boosted its position in HealthEquity by 0.4% in the first quarter. Elkfork Partners LLC now owns 55,944 shares of the company’s stock valued at $2,375,000 after buying an additional 196 shares during the last quarter. State of Alaska Department of Revenue boosted its position in HealthEquity by 4.3% in the first quarter. State of Alaska Department of Revenue now owns 4,850 shares of the company’s stock valued at $205,000 after buying an additional 200 shares during the last quarter. Finally, Allegis Investment Advisors LLC boosted its position in HealthEquity by 2.4% in the first quarter. Allegis Investment Advisors LLC now owns 10,237 shares of the company’s stock valued at $435,000 after buying an additional 237 shares during the last quarter. Hedge funds and other institutional investors own 90.54% of the company’s stock.

Shares of HealthEquity, Inc. (NASDAQ HQY) traded down 4.54% during mid-day trading on Friday, hitting $42.08. The stock had a trading volume of 1,305,719 shares. HealthEquity, Inc. has a 52 week low of $28.39 and a 52 week high of $54.95. The stock has a market cap of $2.52 billion, a P/E ratio of 79.10 and a beta of 1.73. The stock has a 50-day moving average price of $47.91 and a 200 day moving average price of $46.04.

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

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Several analysts have recently weighed in on the company. TheStreet raised HealthEquity from a “c” rating to a “b” rating in a report on Monday, July 31st. Chardan Capital upped their price target on HealthEquity from $53.00 to $57.00 and gave the stock a “buy” rating in a report on Wednesday, June 7th. Zacks Investment Research raised HealthEquity from a “hold” rating to a “buy” rating and set a $54.00 target price on the stock in a research note on Wednesday, July 12th. BidaskClub lowered HealthEquity from a “buy” rating to a “hold” rating in a research note on Monday, July 24th. Finally, Oppenheimer Holdings, Inc. reissued an “outperform” rating and set a $61.00 price target (up previously from $57.00) on shares of HealthEquity in a research note on Monday, June 12th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and eleven have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $50.22.

In other HealthEquity news, VP Ashley Dreier sold 10,000 shares of the stock in a transaction on Monday, June 5th. The shares were sold at an average price of $47.81, for a total value of $478,100.00. Following the completion of the sale, the vice president now owns 15,652 shares in the company, valued at $748,322.12. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, major shareholder Berkley Capital, Llc sold 248,351 shares of the firm’s stock in a transaction dated Tuesday, June 13th. The stock was sold at an average price of $52.80, for a total transaction of $13,112,932.80. The disclosure for this sale can be found here. In the last quarter, insiders sold 2,449,321 shares of company stock valued at $125,721,793. Corporate insiders own 29.00% of the company’s stock.

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.

Institutional Ownership by Quarter for HealthEquity (NASDAQ:HQY)

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