The Manufacturers Life Insurance Company Purchases 5,156 Shares of HealthEquity, Inc. (HQY)

The Manufacturers Life Insurance Company boosted its position in HealthEquity, Inc. (NASDAQ:HQY) by 15.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 38,816 shares of the company’s stock after buying an additional 5,156 shares during the quarter. The Manufacturers Life Insurance Company owned 0.06% of HealthEquity worth $1,935,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Alps Advisors Inc. boosted its stake in HealthEquity by 0.3% during the 2nd quarter. Alps Advisors Inc. now owns 10,729 shares of the company’s stock valued at $535,000 after purchasing an additional 28 shares during the period. Oppenheimer Asset Management Inc. lifted its stake in HealthEquity by 7.7% during the second quarter. Oppenheimer Asset Management Inc. now owns 2,686 shares of the company’s stock valued at $134,000 after purchasing an additional 191 shares during the last quarter. Louisiana State Employees Retirement System lifted its stake in HealthEquity by 1.1% during the second quarter. Louisiana State Employees Retirement System now owns 18,100 shares of the company’s stock valued at $902,000 after purchasing an additional 200 shares during the last quarter. Arizona State Retirement System lifted its stake in HealthEquity by 0.9% during the second quarter. Arizona State Retirement System now owns 23,097 shares of the company’s stock valued at $1,151,000 after purchasing an additional 200 shares during the last quarter. Finally, PNC Financial Services Group Inc. lifted its stake in HealthEquity by 4.1% during the first quarter. PNC Financial Services Group Inc. now owns 6,249 shares of the company’s stock valued at $265,000 after purchasing an additional 246 shares during the last quarter. 91.75% of the stock is owned by institutional investors.

Shares of HealthEquity, Inc. (HQY) opened at $49.77 on Wednesday. HealthEquity, Inc. has a 52-week low of $37.62 and a 52-week high of $55.31. The stock has a market cap of $3,027.46, a PE ratio of 79.44, a PEG ratio of 2.19 and a beta of 1.77.

HealthEquity (NASDAQ:HQY) last posted its quarterly earnings data on Tuesday, September 5th. The company reported $0.27 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.14 by $0.13. The business had revenue of $56.90 million during the quarter, compared to analysts’ expectations of $55.66 million. HealthEquity had a net margin of 20.27% and a return on equity of 13.93%. HealthEquity’s revenue was up 28.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.16 earnings per share. equities analysts anticipate that HealthEquity, Inc. will post 0.7 earnings per share for the current fiscal year.

Several research analysts have weighed in on the stock. Zacks Investment Research lowered shares of HealthEquity from a “buy” rating to a “hold” rating in a research note on Wednesday. BidaskClub downgraded shares of HealthEquity from a “buy” rating to a “hold” rating in a report on Monday, July 24th. Cantor Fitzgerald reissued a “buy” rating and issued a $56.00 price target on shares of HealthEquity in a report on Tuesday, September 5th. Robert W. Baird reissued a “hold” rating on shares of HealthEquity in a report on Thursday, September 21st. Finally, Oppenheimer Holdings, Inc. reiterated a “buy” rating and set a $61.00 target price on shares of HealthEquity in a research report on Wednesday, September 6th. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $57.50.

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In related 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. Following the transaction, the vice president now directly owns 84,500 shares in the company, valued at approximately $3,549,000. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Jon Soldan sold 25,000 shares of the stock in a transaction on Monday, August 28th. The stock was sold at an average price of $40.68, for a total value of $1,017,000.00. Following the completion of the transaction, the vice president now owns 30,652 shares in the company, valued at $1,246,923.36. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,563,591 shares of company stock valued at $81,519,756. Insiders own 19.00% of the company’s stock.

HealthEquity 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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