Scout Investments Inc. lowered its stake in shares of Healthequity Inc (NASDAQ:HQY) by 9.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 71,612 shares of the company’s stock after selling 7,590 shares during the period. Scout Investments Inc. owned 0.11% of Healthequity worth $4,272,000 at the end of the most recent quarter.
Other institutional investors have also added to or reduced their stakes in the company. Deutsche Bank AG grew its stake in Healthequity by 42.3% in the 3rd quarter. Deutsche Bank AG now owns 295,652 shares of the company’s stock valued at $27,910,000 after buying an additional 87,870 shares in the last quarter. GAM Holding AG purchased a new position in Healthequity in the 3rd quarter valued at approximately $226,000. Bank of New York Mellon Corp grew its stake in Healthequity by 24.2% in the 3rd quarter. Bank of New York Mellon Corp now owns 872,322 shares of the company’s stock valued at $82,357,000 after buying an additional 169,985 shares in the last quarter. Riverhead Capital Management LLC grew its stake in Healthequity by 24.3% in the 3rd quarter. Riverhead Capital Management LLC now owns 23,400 shares of the company’s stock valued at $2,209,000 after buying an additional 4,571 shares in the last quarter. Finally, Meeder Asset Management Inc. bought a new position in Healthequity in the 3rd quarter valued at $172,000. Institutional investors and hedge funds own 92.31% of the company’s stock.
In other news, VP Darcy G. Mott sold 4,000 shares of Healthequity stock in a transaction on Tuesday, November 20th. The shares were sold at an average price of $76.91, for a total transaction of $307,640.00. Following the completion of the sale, the vice president now directly owns 89,500 shares of the company’s stock, valued at approximately $6,883,445. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Frank Corvino sold 1,778 shares of Healthequity stock in a transaction on Monday, December 10th. The stock was sold at an average price of $67.78, for a total transaction of $120,512.84. Following the sale, the director now directly owns 5,051 shares of the company’s stock, valued at $342,356.78. The disclosure for this sale can be found here. Insiders have sold a total of 15,846 shares of company stock valued at $1,163,748 over the last ninety days. 4.00% of the stock is currently owned by insiders.
Healthequity (NASDAQ:HQY) last posted its quarterly earnings data on Tuesday, December 4th. The company reported $0.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.20 by $0.02. Healthequity had a net margin of 24.52% and a return on equity of 12.42%. The company had revenue of $70.50 million during the quarter, compared to the consensus estimate of $69.60 million. During the same period in the previous year, the firm posted $0.17 EPS. The firm’s revenue was up 24.1% compared to the same quarter last year. On average, equities research analysts anticipate that Healthequity Inc will post 0.88 earnings per share for the current year.
Several research analysts have commented on the stock. Citigroup set a $102.00 price target on shares of Healthequity and gave the company a “buy” rating in a report on Tuesday, January 8th. Zacks Investment Research raised shares of Healthequity from a “hold” rating to a “buy” rating and set a $70.00 price target for the company in a report on Monday, December 17th. ValuEngine downgraded shares of Healthequity from a “buy” rating to a “hold” rating in a report on Saturday, December 15th. Finally, BidaskClub downgraded shares of Healthequity from a “strong-buy” rating to a “buy” rating in a report on Tuesday, November 13th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and ten have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $90.15.
TRADEMARK VIOLATION NOTICE: “Healthequity Inc (HQY) Shares Sold by Scout Investments Inc.” was originally published by WKRB News and is the sole property of of WKRB News. If you are reading this piece on another site, it was illegally stolen and reposted in violation of international copyright and trademark law. The legal version of this piece can be viewed at https://www.wkrb13.com/2019/01/14/healthequity-inc-hqy-shares-sold-by-scout-investments-inc.html.
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.
Further Reading: Net Asset Value
Receive News & Ratings for Healthequity Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Healthequity and related companies with MarketBeat.com's FREE daily email newsletter.