Robeco Institutional Asset Management B.V. Buys Shares of 21,995 Healthequity Inc (HQY)

Robeco Institutional Asset Management B.V. purchased a new position in shares of Healthequity Inc (NASDAQ:HQY) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 21,995 shares of the company’s stock, valued at approximately $1,026,000.

A number of other large investors have also recently added to or reduced their stakes in the business. Janus Henderson Group PLC grew its holdings in Healthequity by 627.9% in the 2nd quarter. Janus Henderson Group PLC now owns 2,113,030 shares of the company’s stock valued at $105,292,000 after buying an additional 1,822,732 shares in the last quarter. Eagle Asset Management Inc. acquired a new position in Healthequity in the 3rd quarter valued at $36,875,000. Wells Fargo & Company MN grew its holdings in Healthequity by 49.5% in the 3rd quarter. Wells Fargo & Company MN now owns 1,108,410 shares of the company’s stock valued at $56,063,000 after buying an additional 366,925 shares in the last quarter. Amussen Hunsaker & Associates LLC acquired a new position in Healthequity in the 2nd quarter valued at $11,598,000. Finally, Stifel Financial Corp grew its holdings in Healthequity by 456.5% in the 3rd quarter. Stifel Financial Corp now owns 216,335 shares of the company’s stock valued at $10,979,000 after buying an additional 177,462 shares in the last quarter. 98.63% of the stock is owned by hedge funds and other institutional investors.

In other Healthequity news, EVP Delano Ladd sold 26,405 shares of the company’s stock in a transaction that occurred on Tuesday, December 12th. The stock was sold at an average price of $43.32, for a total transaction of $1,143,864.60. Following the completion of the transaction, the executive vice president now owns 16,692 shares of the company’s stock, valued at approximately $723,097.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Frank Medici sold 13,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 29th. The shares were sold at an average price of $52.14, for a total value of $677,820.00. Following the transaction, the director now directly owns 6,381 shares of the company’s stock, valued at approximately $332,705.34. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 820,726 shares of company stock valued at $42,080,968. 19.00% of the stock is owned by company insiders.

Healthequity Inc (HQY) traded up $0.71 during mid-day trading on Wednesday, reaching $53.36. The company’s stock had a trading volume of 786,600 shares, compared to its average volume of 504,180. Healthequity Inc has a twelve month low of $37.62 and a twelve month high of $55.31. The stock has a market capitalization of $3,290.00, a PE ratio of 73.27, a P/E/G ratio of 2.01 and a beta of 1.70.

Healthequity (NASDAQ:HQY) last issued its earnings results on Tuesday, December 5th. The company reported $0.17 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.13 by $0.04. Healthequity had a return on equity of 14.47% and a net margin of 21.08%. The firm had revenue of $56.80 million for the quarter, compared to analyst estimates of $55.27 million. During the same period in the previous year, the company posted $0.10 earnings per share. The business’s revenue was up 31.0% on a year-over-year basis. equities analysts predict that Healthequity Inc will post 0.73 earnings per share for the current year.

Several research firms recently weighed in on HQY. BidaskClub upgraded Healthequity from a “sell” rating to a “hold” rating in a research report on Tuesday, November 7th. Zacks Investment Research upgraded Healthequity from a “hold” rating to a “buy” rating and set a $57.00 price objective for the company in a research report on Saturday. JPMorgan Chase & Co. lowered their price objective on Healthequity from $52.00 to $51.00 and set an “overweight” rating for the company in a research report on Wednesday, January 24th. Cantor Fitzgerald raised their price objective on Healthequity from $56.00 to $60.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 7th. Finally, Robert W. Baird lifted their target price on Healthequity from $48.00 to $49.00 and gave the stock a “neutral” rating in a report on Wednesday, February 7th. Two equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $56.67.

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Healthequity Company Profile

HealthEquity, Inc provides 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. The Company is engaged in technology-enabled services platforms that allow consumers to make healthcare saving and spending decisions.

Institutional Ownership by Quarter for Healthequity (NASDAQ:HQY)

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