HealthEquity, Inc. (NASDAQ:HQY) Shares Sold by American International Group Inc.

American International Group Inc. lowered its position in HealthEquity, Inc. (NASDAQ:HQYFree Report) by 3.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 156,761 shares of the company’s stock after selling 4,908 shares during the period. American International Group Inc. owned about 0.18% of HealthEquity worth $10,393,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the company. New York State Common Retirement Fund increased its stake in shares of HealthEquity by 131.1% during the third quarter. New York State Common Retirement Fund now owns 104,809 shares of the company’s stock worth $7,656,000 after purchasing an additional 59,451 shares in the last quarter. Swiss National Bank increased its stake in shares of HealthEquity by 1.8% during the third quarter. Swiss National Bank now owns 187,900 shares of the company’s stock worth $13,726,000 after purchasing an additional 3,300 shares in the last quarter. Janney Montgomery Scott LLC purchased a new stake in shares of HealthEquity during the third quarter worth about $217,000. Charles Schwab Investment Management Inc. increased its stake in shares of HealthEquity by 2.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 980,517 shares of the company’s stock worth $71,627,000 after purchasing an additional 26,868 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC increased its stake in shares of HealthEquity by 6.1% during the third quarter. Vanguard Personalized Indexing Management LLC now owns 8,267 shares of the company’s stock worth $604,000 after purchasing an additional 477 shares in the last quarter. Institutional investors and hedge funds own 99.55% of the company’s stock.

HealthEquity Stock Performance

Shares of HQY stock opened at $85.25 on Friday. The firm’s 50 day moving average price is $79.86 and its 200-day moving average price is $76.36. The company has a debt-to-equity ratio of 0.44, a quick ratio of 4.76 and a current ratio of 4.39. HealthEquity, Inc. has a one year low of $59.02 and a one year high of $85.79. The firm has a market cap of $7.42 billion, a P/E ratio of 92.66, a P/E/G ratio of 1.42 and a beta of 0.55.

HealthEquity (NASDAQ:HQYGet Free Report) last issued its quarterly earnings data on Tuesday, March 19th. The company reported $0.50 EPS for the quarter, topping the consensus estimate of $0.42 by $0.08. The firm had revenue of $262.39 million for the quarter, compared to analyst estimates of $258.56 million. HealthEquity had a net margin of 7.71% and a return on equity of 7.77%. As a group, equities research analysts predict that HealthEquity, Inc. will post 2.11 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on HQY. Robert W. Baird boosted their target price on shares of HealthEquity from $98.00 to $104.00 and gave the stock an “outperform” rating in a research note on Tuesday. Wells Fargo & Company upped their price objective on shares of HealthEquity from $105.00 to $107.00 and gave the company an “overweight” rating in a research note on Tuesday. Raymond James upped their price objective on shares of HealthEquity from $100.00 to $105.00 and gave the company an “outperform” rating in a research note on Friday. JMP Securities upped their price objective on shares of HealthEquity from $101.00 to $105.00 and gave the company a “market outperform” rating in a research note on Tuesday. Finally, Barrington Research upped their price objective on shares of HealthEquity from $100.00 to $105.00 and gave the company an “outperform” rating in a research note on Tuesday. One analyst has rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $101.42.

Check Out Our Latest Analysis on HQY

Insiders Place Their Bets

In other HealthEquity news, Vice Chairman Stephen Neeleman sold 400 shares of the stock in a transaction that occurred on Tuesday, June 4th. The shares were sold at an average price of $85.00, for a total transaction of $34,000.00. Following the sale, the insider now directly owns 90,515 shares in the company, valued at approximately $7,693,775. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other news, Director Evelyn S. Dilsaver sold 32,500 shares of the firm’s stock in a transaction on Tuesday, March 26th. The shares were sold at an average price of $79.29, for a total value of $2,576,925.00. Following the sale, the director now directly owns 32,123 shares in the company, valued at approximately $2,547,032.67. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Vice Chairman Stephen Neeleman sold 400 shares of the firm’s stock in a transaction on Tuesday, June 4th. The shares were sold at an average price of $85.00, for a total transaction of $34,000.00. Following the completion of the sale, the insider now owns 90,515 shares in the company, valued at $7,693,775. The disclosure for this sale can be found here. Insiders have sold a total of 66,665 shares of company stock worth $5,305,710 in the last ninety days. 2.20% of the stock is owned by corporate insiders.

HealthEquity Profile

(Free Report)

HealthEquity, Inc provides technology-enabled services platforms to consumers and employers in the United States. The company offers cloud-based platforms for individuals to make health saving and spending decisions, pay healthcare bills, receive personalized benefit 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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