Healthequity Inc (NASDAQ:HQY) – Equities research analysts at Barrington Research increased their FY2018 earnings per share estimates for shares of Healthequity in a research note issued on Thursday. Barrington Research analyst A. Paris. Jr now forecasts that the company will post earnings of $0.73 per share for the year, up from their previous forecast of $0.70. Barrington Research also issued estimates for Healthequity’s Q4 2018 earnings at $0.06 EPS.

A number of other research firms have also commented on HQY. BidaskClub upgraded Healthequity from a “sell” rating to a “hold” rating in a research report on Thursday, September 28th. Zacks Investment Research upgraded Healthequity from a “hold” rating to a “buy” rating and set a $58.00 price target on the stock in a research report on Wednesday, October 11th. Oppenheimer restated a “buy” rating and set a $61.00 price target on shares of Healthequity in a research report on Wednesday, September 6th. Cantor Fitzgerald restated a “buy” rating and set a $56.00 price target on shares of Healthequity in a research report on Tuesday, August 29th. Finally, Robert W. Baird restated a “hold” rating on shares of Healthequity in a research report on Thursday, September 21st. One analyst has rated the stock with a sell rating, two have given a hold rating and eight have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $58.33.

Healthequity (NASDAQ:HQY) opened at $45.72 on Monday. Healthequity has a twelve month low of $37.62 and a twelve month high of $55.31. The stock has a market capitalization of $2,773.95, a P/E ratio of 65.31, a PEG ratio of 1.98 and a beta of 1.74.

Healthequity (NASDAQ:HQY) last issued its earnings results on Tuesday, December 5th. The company reported $0.17 earnings per share (EPS) for the quarter, topping the Zacks’ 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 business had revenue of $56.80 million during the quarter, compared to analysts’ expectations of $55.27 million. During the same period in the prior year, the firm posted $0.10 EPS. Healthequity’s quarterly revenue was up 31.0% compared to the same quarter last year.

Several large investors have recently bought and sold shares of the company. Dimensional Fund Advisors LP raised its stake in Healthequity by 38.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 377,919 shares of the company’s stock worth $16,042,000 after buying an additional 104,960 shares during the period. Renaissance Technologies LLC purchased a new stake in Healthequity during the first quarter worth about $1,426,000. Aperio Group LLC increased its stake in Healthequity by 28.2% during the second quarter. Aperio Group LLC now owns 12,773 shares of the company’s stock worth $636,000 after purchasing an additional 2,806 shares during the period. Russell Investments Group Ltd. purchased a new stake in Healthequity during the second quarter worth about $1,362,000. Finally, Public Employees Retirement Association of Colorado purchased a new stake in Healthequity during the second quarter worth about $418,000. Institutional investors and hedge funds own 98.60% of the company’s stock.

In other news, major shareholder Berkley Capital, Llc sold 373,500 shares of the firm’s stock in a transaction on Monday, November 6th. The stock was sold at an average price of $53.21, for a total value of $19,873,935.00. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Frank Medici sold 316,644 shares of the firm’s stock in a transaction on Monday, October 9th. The stock was sold at an average price of $51.96, for a total value of $16,452,822.24. The disclosure for this sale can be found here. Insiders sold a total of 1,743,212 shares of company stock worth $91,145,351 over the last quarter. Corporate insiders own 19.00% of the company’s stock.

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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.

Earnings History and Estimates for Healthequity (NASDAQ:HQY)

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