Economy

HealthEquity, Inc. (NASDAQ:HQY) Trading Volume Significantly Higher

HealthEquity, Inc. (NASDAQ:HQY) has been the object of insider selling activity recently. Following the completion of the transaction, the vice president now directly owns 30,652 shares of the company's stock, valued at approximately $1,246,923.36. Public Employees Retirement System of OH now owns 113,534 shares of the company's stock worth $5,657,000 after purchasing an additional 6,095 shares during the period.

Here are a few additional firms who have increased or decreased their stake in (HQY).

Cantor Fitzgerald reissued their buy rating on shares of HealthEquity, Inc. BlackRock Inc. now owns 5,589,953 shares of the company's stock valued at $237,293,000 after buying an additional 5,586,414 shares during the period.

As of quarter end Rock Springs Capital Management Lp had acquired 1,000 shares growing its position 2.0%. Ubs Group Ag now owns 114,611 shares with a value of $5,711,000. Its up 210% from 1,000 shares previously. Bank of New York Mellon Corp now owns 816,504 shares of the company's stock valued at $34,661,000 after buying an additional 264,604 shares during the period. As of quarter end Ubs Group Ag had acquired a total of 6,196 shares growing its stake by 5.7%. Medici now owns $377,005,804 of stock as recorded in a recent Form 4 SEC filing. (HQY) opened at 41.95 on Wednesday. It is trading at $42.13 which is just a bit below $45.78, the 50 day moving average and which is slightly below the 200 day moving average of $45.82.

The company's P/E ratio is 78.85 and the market value is 2.52B. HealthEquity, Inc. has a 1-year low of $30.34 and a 1-year high of $54.95. Healthequity Inc (NASDAQ:HQY) has risen 95.58% since September 4, 2016 and is uptrending. The company reported $0.27 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.14 by $0.13, Briefing.com reports. HealthEquity had a return on equity of 11.61% and a net margin of 17.04%. The business had revenue of $55.40 million for the quarter, compared to the consensus estimate of $54.77 million. After posting $0.19 EPS for the previous quarter, Healthequity Inc's analysts now forecast -26.32 % negative EPS growth. Analysts expect next quarter's EPS to be $0.14 with next year's EPS projected to be $0.74.

Other analysts also recently issued research reports about the company. BidaskClub cut HealthEquity from a buy rating to a hold rating in a research report on Monday, July 24th. Zacks Investment Research lowered HealthEquity from a buy rating to a hold rating in a research note on Friday, August 4th. Cantor Fitzgerald raised their price target on HealthEquity from $55.00 to $56.00 and gave the company an overweight rating in a research report on Wednesday, July 5th. The stock of Healthequity Inc (NASDAQ:HQY) earned "Neutral" rating by Robert W. Baird on Wednesday, September 7. If you are accessing this news story on another site, it was illegally stolen and reposted in violation of U.S. and worldwide trademark and copyright laws. "(HQY) Holdings Reduced by Atlantic Trust Group LLC" was originally reported by Week Herald and is the sole property of of Week Herald.

In other news, VP Darcy G. Mott sold 9,500 shares of the stock in a transaction on Monday, August 21st. The stock was sold at an average price of $42.00, for a total value of $399,000.00. PRHR's SI was 3,100 shares in September as released by FINRA. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Stephen Neeleman sold 8,500 shares of the business's stock in a transaction on Thursday, June 15th. The stock was sold at an average price of $51.24, for a total value of $27,521,106.48. The Congress Asset Management Company holds 7,200 shares with $258,000 value, down from 93,369 last quarter. Neeleman now owns $13,391,960 of the stock according to the SEC filing.



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