Public Employees Retirement System of Ohio Acquires 6,728 Shares of Healthequity Inc (NASDAQ:HQY)

Public Employees Retirement System of Ohio grew its holdings in shares of Healthequity Inc (NASDAQ:HQY) by 7.9% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 91,424 shares of the company’s stock after acquiring an additional 6,728 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Healthequity were worth $5,979,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Meeder Asset Management Inc. bought a new position in Healthequity during the second quarter valued at $25,000. FTB Advisors Inc. bought a new stake in shares of Healthequity in the 2nd quarter worth about $27,000. Manchester Capital Management LLC purchased a new position in shares of Healthequity during the 1st quarter worth about $36,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. purchased a new position in shares of Healthequity during the 2nd quarter worth about $39,000. Finally, Global Retirement Partners LLC grew its holdings in Healthequity by 72.7% during the 1st quarter. Global Retirement Partners LLC now owns 556 shares of the company’s stock valued at $41,000 after purchasing an additional 234 shares during the last quarter. 94.77% of the stock is owned by hedge funds and other institutional investors.

HQY stock traded down $2.63 during trading on Wednesday, hitting $57.31. The company had a trading volume of 33,726 shares, compared to its average volume of 1,050,584. Healthequity Inc has a 52-week low of $50.29 and a 52-week high of $101.58. The company has a 50 day simple moving average of $67.54 and a 200-day simple moving average of $70.74. The firm has a market capitalization of $3.76 billion, a P/E ratio of 60.19, a PEG ratio of 3.13 and a beta of 1.55. The company has a quick ratio of 15.59, a current ratio of 22.98 and a debt-to-equity ratio of 0.04.

Healthequity (NASDAQ:HQY) last released its quarterly earnings data on Tuesday, September 3rd. The company reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.10. The company had revenue of $86.60 million during the quarter, compared to analysts’ expectations of $85.33 million. Healthequity had a net margin of 28.13% and a return on equity of 11.77%. The firm’s quarterly revenue was up 21.8% on a year-over-year basis. During the same period in the previous year, the company earned $0.36 EPS. Sell-side analysts forecast that Healthequity Inc will post 0.93 earnings per share for the current year.

HQY has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. set a $80.00 price objective on shares of Healthequity and gave the stock an “overweight” rating in a research report on Wednesday, June 5th. Barrington Research restated an “outperform” rating and set a $75.00 target price (down previously from $100.00) on shares of Healthequity in a research report on Wednesday, September 4th. Oppenheimer cut their target price on Healthequity from $98.00 to $76.00 and set an “outperform” rating on the stock in a research note on Wednesday, September 4th. Bank of America set a $79.00 price target on Healthequity and gave the stock a “buy” rating in a report on Wednesday, September 4th. Finally, Wells Fargo & Co reduced their price target on Healthequity from $80.00 to $76.00 and set an “outperformer” rating on the stock in a report on Wednesday, September 4th. One research analyst has rated the stock with a sell rating, two have given a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. Healthequity presently has a consensus rating of “Buy” and a consensus target price of $81.00.

In other news, EVP Delano Ladd sold 6,875 shares of the stock in a transaction on Monday, July 22nd. The stock was sold at an average price of $80.00, for a total transaction of $550,000.00. Following the transaction, the executive vice president now owns 17,833 shares of the company’s stock, valued at approximately $1,426,640. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Darcy G. Mott sold 4,000 shares of the firm’s stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $60.82, for a total value of $243,280.00. Following the transaction, the chief financial officer now owns 50,100 shares in the company, valued at approximately $3,047,082. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 37,899 shares of company stock worth $2,751,451. Corporate insiders own 3.70% of the company’s stock.

About Healthequity

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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Institutional Ownership by Quarter for Healthequity (NASDAQ:HQY)

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