Health Care

The BlackRock Group LTD Acquires 8625 Shares of HealthEquity, Inc. (HQY)

Thomson Reuters had 24 analyst reports since July 29, 2015 according to SRatingsIntel. HealthEquity, Inc. (HQY) has made its way to a 12-month gain of 27.17%. The highest sales estimate is $56.10 million and the lowest is $55.44 million. HealthEquity's quarterly revenue was up 28.7% compared to the same quarter previous year. The firm earned "Sector Perform" rating on Tuesday, February 9 by RBC Capital Markets. Equities research analysts forecast that HealthEquity will post $0.70 earnings per share for the current fiscal year. Barrington Research maintained Healthequity Inc (NASDAQ:HQY) rating on Tuesday, December 8. As of the latest earnings report the EPS was $0.53 and is expected to be $0.70 for the current year with 59,973,000 shares now outstanding. HealthEquity had a return on equity of 13.93% and a net margin of 20.27%. The firm had revenue of $56.90 million during the quarter, compared to the consensus estimate of $55.66 million. The business's revenue was up 25.9% on a year-over-year basis.

(NASDAQ:HQY) shares saw heavy trading volume with 783K shares changing hands on Friday. TheStreet upgraded HealthEquity from a "c" rating to a "b" rating in a research note on Monday, July 31st. Finally, Oppenheimer Holdings, Inc. restated an "outperform" rating and set a $61.00 target price (up previously from $57.00) on shares of HealthEquity in a research note on Monday, June 12th. SunTrust maintained it with "Buy" rating and $40 target in Wednesday, June 8 report. Chardan Capital Markets maintained the shares of HQY in report on Wednesday, June 7 with "Buy" rating. Wall Street is only getting more bullish on the stock, with 9 of analysts who cover HQY having a buy-equivalent rating. Cantor Fitzgerald has "Buy" rating and $5500 target. The last close places the company's stock about $11 off its 52 week high of $54.95 and $13.61 above the 52 week low of $30.34. The stock has a 50 day moving average of $45.13 and a 200-day moving average of $45.84. The stock has a market capitalization of $2.64 billion, a P/E ratio of 82.61 and a beta of 1.75.

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In other HealthEquity news, VP Ashley Dreier sold 10,000 shares of the stock in a transaction dated Wednesday, September 6th. The shares were sold on July 14th for a price of $51.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Frank Medici sold 210,906 shares of the stock in a transaction that occurred on Wednesday, June 14th. The share price has moved forward from its 20 days moving average, trading at a distance of 0.97% and stays -5.89% away from its 50 days moving average. Following the completion of the sale, the vice president now directly owns 30,652 shares in the company, valued at approximately $1,246,923.36. The disclosure for this sale can be found here.

A number of other hedge funds and other institutional investors also recently modified their holdings of the business. It also increased its holding in Orbital Atk Inc by 97,436 shares in the quarter, for a total of 479,158 shares, and has risen its stake in Shopify Inc. Wasatch Advisors Inc. now owns 2,442,180 shares of the company's stock worth $121,694,000 after buying an additional 52,885 shares during the last quarter. Finally, Piedmont Investment Advisors LLC purchased a new position in HealthEquity during the 2nd quarter worth approximately $478,000. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,544 shares of the company's stock worth $127,000 after purchasing an additional 1,308 shares in the last quarter. Oppenheimer Asset Management purchased a fresh position in Healthequity through out the 1st period worth at $106,000. Ubs Group Ag bolstered its stake by buying 6,196 shares an increase of 5.7%. Institutional investors own 91.26% of the company's stock.

HealthEquity, Inc., launched on October 18, 2002, is a provider of 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.

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