Healthequity Inc (HQY) Holdings Raised by Penserra Capital Management LLC

Penserra Capital Management LLC raised its holdings in shares of Healthequity Inc (NASDAQ:HQY) by 4.1% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 180,074 shares of the company’s stock after acquiring an additional 7,035 shares during the quarter. Penserra Capital Management LLC owned approximately 0.29% of Healthequity worth $17,000,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the business. United Services Automobile Association raised its holdings in Healthequity by 7.1% during the second quarter. United Services Automobile Association now owns 8,298 shares of the company’s stock valued at $623,000 after acquiring an additional 548 shares during the period. Hilltop Holdings Inc. raised its holdings in Healthequity by 16.8% during the second quarter. Hilltop Holdings Inc. now owns 4,868 shares of the company’s stock valued at $366,000 after acquiring an additional 700 shares during the period. Riverhead Capital Management LLC increased its holdings in shares of Healthequity by 3.9% in the second quarter. Riverhead Capital Management LLC now owns 18,829 shares of the company’s stock worth $1,414,000 after purchasing an additional 713 shares during the last quarter. WINTON GROUP Ltd increased its holdings in shares of Healthequity by 15.7% in the third quarter. WINTON GROUP Ltd now owns 5,274 shares of the company’s stock worth $498,000 after purchasing an additional 717 shares during the last quarter. Finally, Advisors Asset Management Inc. increased its holdings in shares of Healthequity by 57.4% in the second quarter. Advisors Asset Management Inc. now owns 2,136 shares of the company’s stock worth $160,000 after purchasing an additional 779 shares during the last quarter. 97.07% of the stock is currently owned by institutional investors and hedge funds.

In related news, VP Darcy G. Mott sold 4,000 shares of Healthequity stock in a transaction dated Monday, October 22nd. The stock was sold at an average price of $87.01, for a total value of $348,040.00. Following the completion of the transaction, the vice president now owns 92,500 shares in the company, valued at $8,048,425. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In the last quarter, insiders sold 12,000 shares of company stock valued at $1,065,240. 4.00% of the stock is currently owned by company insiders.

Several brokerages have recently issued reports on HQY. Citigroup reaffirmed a “buy” rating and issued a $110.00 target price on shares of Healthequity in a report on Wednesday, September 5th. Cantor Fitzgerald lifted their target price on Healthequity from $68.00 to $80.00 and gave the stock a “neutral” rating in a report on Wednesday, September 5th. Raymond James lifted their target price on Healthequity from $85.00 to $105.00 and gave the stock an “outperform” rating in a report on Monday, September 10th. Zacks Investment Research raised Healthequity from a “sell” rating to a “hold” rating in a report on Tuesday, August 7th. Finally, KeyCorp lifted their target price on Healthequity from $90.00 to $105.00 and gave the stock an “overweight” rating in a report on Tuesday, September 4th. Four research analysts have rated the stock with a hold rating, nine have given a buy rating and two have given a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $93.08.

HQY opened at $100.44 on Thursday. The stock has a market capitalization of $5.92 billion, a P/E ratio of 186.00, a P/E/G ratio of 3.31 and a beta of 1.39. Healthequity Inc has a 12 month low of $42.92 and a 12 month high of $100.87.

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

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Healthequity Company 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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Institutional Ownership by Quarter for Healthequity (NASDAQ:HQY)

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