Darcy G. Mott Sells 4,000 Shares of Healthequity Inc (NASDAQ:HQY) Stock

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Healthequity Inc (NASDAQ:HQY) CFO Darcy G. Mott sold 4,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 20th. The shares were sold at an average price of $71.69, for a total transaction of $286,760.00. Following the completion of the sale, the chief financial officer now directly owns 58,000 shares in the company, valued at approximately $4,158,020. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

HQY stock opened at $64.69 on Wednesday. The company has a current ratio of 15.60, a quick ratio of 15.59 and a debt-to-equity ratio of 0.07. Healthequity Inc has a twelve month low of $50.29 and a twelve month high of $101.58. The business’s 50 day moving average is $68.37. The firm has a market capitalization of $4.22 billion, a PE ratio of 68.09, a P/E/G ratio of 2.65 and a beta of 1.55.

Healthequity (NASDAQ:HQY) last released its quarterly earnings data on Tuesday, June 4th. The company reported $0.36 earnings per share for the quarter, topping analysts’ consensus estimates of $0.25 by $0.11. Healthequity had a net margin of 30.60% and a return on equity of 14.17%. The company had revenue of $87.05 million for the quarter, compared to analysts’ expectations of $83.98 million. On average, equities analysts predict that Healthequity Inc will post 1.02 EPS for the current year.

A number of hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. raised its holdings in Healthequity by 1.6% during the fourth quarter. BlackRock Inc. now owns 6,764,271 shares of the company’s stock worth $403,489,000 after purchasing an additional 109,127 shares in the last quarter. Wasatch Advisors Inc. raised its holdings in Healthequity by 22.6% during the first quarter. Wasatch Advisors Inc. now owns 2,038,929 shares of the company’s stock worth $150,840,000 after purchasing an additional 376,461 shares in the last quarter. Jackson Square Partners LLC acquired a new stake in Healthequity during the first quarter worth approximately $128,524,000. Bank of New York Mellon Corp raised its holdings in Healthequity by 13.5% during the fourth quarter. Bank of New York Mellon Corp now owns 990,402 shares of the company’s stock worth $59,076,000 after purchasing an additional 118,080 shares in the last quarter. Finally, Wells Fargo & Company MN raised its holdings in Healthequity by 40.8% during the first quarter. Wells Fargo & Company MN now owns 962,572 shares of the company’s stock worth $71,212,000 after purchasing an additional 279,115 shares in the last quarter. 96.03% of the stock is currently owned by institutional investors.

Several analysts recently weighed in on HQY shares. Zacks Investment Research cut shares of Healthequity from a “hold” rating to a “sell” rating in a report on Wednesday, February 27th. Bank of America reaffirmed a “neutral” rating and issued a $82.00 target price (up previously from $67.00) on shares of Healthequity in a report on Friday, March 1st. BidaskClub raised shares of Healthequity from a “buy” rating to a “strong-buy” rating in a report on Saturday, March 16th. Cantor Fitzgerald raised their target price on shares of Healthequity from $83.00 to $90.00 and gave the company an “overweight” rating in a report on Tuesday, March 19th. Finally, KeyCorp raised their target price on shares of Healthequity from $74.00 to $90.00 and gave the company an “overweight” rating in a report on Tuesday, March 19th. Three research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $86.25.

Healthequity Company Profile

HealthEquity, Inc provides various solutions for managing health care accounts, health reimbursement arrangements, and flexible spending accounts for health plans, insurance companies, and third-party administrators in the United States. The company offers healthcare saving and spending platform, a cloud-based platform for individuals to make health saving and spending decisions, pay healthcare bills, compare treatment options and prices, receive personalized benefit and clinical information, earn wellness incentives, grow their savings, and make investment choices; and health savings accounts.

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Insider Buying and Selling by Quarter for Healthequity (NASDAQ:HQY)

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