Fmr LLC Has $329.31 Million Position in Healthequity Inc (HQY)

Fmr LLC boosted its holdings in Healthequity Inc (NASDAQ:HQY) by 2.3% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 3,488,107 shares of the company’s stock after acquiring an additional 77,565 shares during the quarter. Fmr LLC owned 0.06% of Healthequity worth $329,312,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Advisors Asset Management Inc. raised its holdings in Healthequity by 5,212.2% in the second quarter. Advisors Asset Management Inc. now owns 72,086 shares of the company’s stock worth $160,000 after purchasing an additional 70,729 shares during the period. Meeder Asset Management Inc. acquired a new stake in Healthequity in the third quarter worth $172,000. Rockefeller Capital Management L.P. acquired a new stake in Healthequity in the second quarter worth $179,000. Cerebellum GP LLC acquired a new stake in Healthequity in the third quarter worth $185,000. Finally, Sawtooth Solutions LLC acquired a new stake in Healthequity in the second quarter worth $207,000. Institutional investors and hedge funds own 96.35% of the company’s stock.

Several equities research analysts have weighed in on the stock. Citigroup reiterated a “buy” rating and issued a $110.00 target price on shares of Healthequity in a report on Wednesday, September 5th. BidaskClub upgraded shares of Healthequity from a “hold” rating to a “buy” rating in a report on Saturday. Cantor Fitzgerald increased their target price on shares of Healthequity from $68.00 to $80.00 and gave the stock a “neutral” rating in a report on Wednesday, September 5th. Zacks Investment Research upgraded shares of Healthequity from a “sell” rating to a “hold” rating in a report on Tuesday, August 7th. Finally, Raymond James increased their target price on shares of Healthequity from $85.00 to $105.00 and gave the stock an “outperform” rating in a report on Monday, September 10th. Four equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $93.08.

In related news, VP Darcy G. Mott sold 4,000 shares of the firm’s stock in a transaction on Monday, October 22nd. The shares were sold at an average price of $87.01, for a total transaction of $348,040.00. Following the sale, the vice president now directly owns 92,500 shares in the company, valued at $8,048,425. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Over the last 90 days, insiders have sold 12,000 shares of company stock worth $1,027,400. 4.00% of the stock is currently owned by company insiders.

Shares of NASDAQ:HQY opened at $88.69 on Friday. Healthequity Inc has a 12 month low of $42.92 and a 12 month high of $101.58. The firm has a market cap of $5.42 billion, a P/E ratio of 164.24, a P/E/G ratio of 3.03 and a beta of 1.39.

Healthequity (NASDAQ:HQY) last issued its quarterly earnings data on Tuesday, September 4th. The company reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.22 by $0.12. Healthequity had a net margin of 23.81% and a return on equity of 12.58%. The business had revenue of $71.10 million for the quarter, compared to analyst estimates of $69.84 million. During the same period last year, the business posted $0.27 earnings per share. The firm’s quarterly revenue was up 25.0% on a year-over-year basis. Analysts predict that Healthequity Inc will post 0.87 EPS for the current year.

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Healthequity Profile

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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Want to see what other hedge funds are holding HQY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Healthequity Inc (NASDAQ:HQY).

Institutional Ownership by Quarter for Healthequity (NASDAQ:HQY)

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