HealthEquity, Inc. (HQY) Director Frank Medici Sells 316,644 Shares
HealthEquity, Inc. (NASDAQ:HQY) Director Frank Medici sold 316,644 shares of the business’s stock in a transaction on Monday, October 9th. The shares were sold at an average price of $51.96, for a total transaction of $16,452,822.24. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.
Frank Medici also recently made the following trade(s):
- On Thursday, July 13th, Frank Medici sold 131,800 shares of HealthEquity stock. The shares were sold at an average price of $51.42, for a total transaction of $6,777,156.00.
- On Wednesday, July 12th, Frank Medici sold 332,511 shares of HealthEquity stock. The shares were sold at an average price of $51.13, for a total transaction of $17,001,287.43.
- On Friday, July 14th, Frank Medici sold 537,102 shares of HealthEquity stock. The shares were sold at an average price of $51.24, for a total transaction of $27,521,106.48.
HealthEquity, Inc. (NASDAQ HQY) traded down 0.02% during trading on Tuesday, hitting $51.34. 323,384 shares of the stock traded hands. The stock has a market cap of $3.11 billion, a PE ratio of 76.17 and a beta of 1.80. The company has a 50-day moving average price of $46.41 and a 200 day moving average price of $46.70. HealthEquity, Inc. has a one year low of $30.34 and a one year high of $54.95.
HealthEquity (NASDAQ:HQY) last released its quarterly earnings data on Tuesday, September 5th. The company reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.13. HealthEquity had a return on equity of 13.93% and a net margin of 20.27%. The firm had revenue of $56.90 million during the quarter, compared to analyst estimates of $55.66 million. During the same period in the prior year, the company posted $0.16 earnings per share. The business’s revenue for the quarter was up 28.7% compared to the same quarter last year. Analysts expect that HealthEquity, Inc. will post $0.71 earnings per share for the current year.
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Institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its stake in HealthEquity by 6.2% during the first quarter. Vanguard Group Inc. now owns 4,115,237 shares of the company’s stock worth $174,691,000 after acquiring an additional 240,136 shares in the last quarter. Paloma Partners Management Co acquired a new position in HealthEquity during the first quarter worth $503,000. First Trust Advisors LP raised its stake in HealthEquity by 17.0% during the second quarter. First Trust Advisors LP now owns 94,283 shares of the company’s stock worth $4,698,000 after acquiring an additional 13,676 shares in the last quarter. Royce & Associates LP raised its stake in HealthEquity by 18.0% during the second quarter. Royce & Associates LP now owns 139,200 shares of the company’s stock worth $6,936,000 after acquiring an additional 21,200 shares in the last quarter. Finally, Russell Investments Group Ltd. acquired a new position in HealthEquity during the second quarter worth $1,362,000. Hedge funds and other institutional investors own 90.97% of the company’s stock.
Several analysts have weighed in on the stock. BidaskClub upgraded shares of HealthEquity from a “sell” rating to a “hold” rating in a research note on Thursday, September 28th. Cantor Fitzgerald reiterated a “buy” rating and set a $56.00 target price on shares of HealthEquity in a research note on Monday, September 25th. Robert W. Baird reiterated a “hold” rating on shares of HealthEquity in a research note on Thursday, September 21st. Oppenheimer Holdings, Inc. reiterated a “buy” rating and set a $61.00 target price on shares of HealthEquity in a research note on Wednesday, September 6th. Finally, Zacks Investment Research lowered shares of HealthEquity from a “buy” rating to a “hold” rating in a research note on Friday, August 4th. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. HealthEquity currently has an average rating of “Buy” and a consensus target price of $56.50.
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.
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