Healthequity Inc (HQY) Holding Trimmed by Artisan Partners Limited Partnership

Healthequity Inc (HQY) Holding Trimmed by Artisan Partners Limited Partnership

Artisan Partners Limited Partnership cut its position in Healthequity Inc (NASDAQ:HQY) by 5.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 384,724 shares of the company’s stock after selling 21,397 shares during the period. Artisan Partners Limited Partnership’s holdings in Healthequity were worth $16,332,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of HQY. Arcadia Investment Management Corp MI raised its stake in shares of Healthequity by 81.7% in the first quarter. Arcadia Investment Management Corp MI now owns 2,515 shares of the company’s stock valued at $107,000 after buying an additional 1,131 shares during the last quarter. O Shaughnessy Asset Management LLC purchased a new stake in shares of Healthequity during the fourth quarter valued at approximately $108,000. Ameritas Investment Partners Inc. purchased a new stake in shares of Healthequity during the first quarter valued at approximately $158,000. Sowell Financial Services LLC purchased a new stake in shares of Healthequity during the fourth quarter valued at approximately $203,000. Finally, State of Alaska Department of Revenue raised its stake in shares of Healthequity by 4.3% in the first quarter. State of Alaska Department of Revenue now owns 4,850 shares of the company’s stock valued at $205,000 after buying an additional 200 shares during the last quarter. 89.22% of the stock is owned by institutional investors and hedge funds.

Healthequity (NASDAQ:HQY) last released its earnings results on Tuesday, March 21st. The company reported $0.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.02. Healthequity had a return on equity of 11.08% and a net margin of 15.19%. The firm had revenue of $46.83 million for the quarter, compared to the consensus estimate of $45.55 million. During the same period in the prior year, the firm earned $0.07 EPS. The firm’s revenue was up 30.4% on a year-over-year basis.

HQY has been the subject of several research analyst reports. JPMorgan Chase & Co. lifted their price objective on Healthequity from $44.00 to $51.00 and gave the stock an “overweight” rating in a report on Wednesday, March 22nd. Chardan Capital reaffirmed a “buy” rating and issued a $53.00 price objective (up previously from $50.00) on shares of Healthequity in a report on Wednesday, March 22nd. Zacks Investment Research lowered Healthequity from a “hold” rating to a “sell” rating in a report on Monday, February 13th. Wells Fargo & Co initiated coverage on Healthequity in a report on Tuesday, March 14th. They issued an “outperform” rating for the company. Finally, Cantor Fitzgerald initiated coverage on Healthequity in a report on Thursday, March 30th. They issued an “overweight” rating and a $50.00 price objective for the company. Three analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Healthequity has an average rating of “Buy” and a consensus target price of $45.18.

In other Healthequity news, Vice Chairman Stephen Neeleman sold 53,218 shares of the stock in a transaction dated Friday, March 17th. The stock was sold at an average price of $46.20, for a total transaction of $2,458,671.60. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Adrian T. Dillon purchased 5,000 shares of the business’s stock in a transaction on Thursday, March 30th. The shares were bought at an average cost of $40.53 per share, for a total transaction of $202,650.00. The disclosure for this purchase can be found here. Over the last three months, insiders sold 272,550 shares of company stock worth $12,264,018. 29.00% of the stock is owned by insiders.

About Healthequity

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:HQY”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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