HealthEquity, Inc. $HQY Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans lessened its holdings in HealthEquity, Inc. (NASDAQ:HQY) by 3.5% in the 4th quarter, Holdings Channel.com reports. The fund owned 277,342 shares of the company’s stock after selling 9,938 shares during the period. Thrivent Financial for Lutherans’ holdings in HealthEquity were worth $25,408,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. Allworth Financial LP boosted its holdings in HealthEquity by 88.3% in the fourth quarter. Allworth Financial LP now owns 706 shares of the company’s stock worth $65,000 after acquiring an additional 331 shares in the last quarter. Atria Investments Inc boosted its holdings in HealthEquity by 1.4% in the fourth quarter. Atria Investments Inc now owns 38,285 shares of the company’s stock worth $3,507,000 after acquiring an additional 543 shares in the last quarter. Madison Asset Management LLC boosted its holdings in HealthEquity by 0.4% in the fourth quarter. Madison Asset Management LLC now owns 60,938 shares of the company’s stock worth $5,583,000 after acquiring an additional 231 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al boosted its holdings in HealthEquity by 72.2% in the fourth quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 6,200 shares of the company’s stock worth $568,000 after acquiring an additional 2,600 shares in the last quarter. Finally, Versor Investments LP acquired a new stake in HealthEquity in the fourth quarter worth about $1,184,000. Institutional investors and hedge funds own 99.55% of the company’s stock.

HealthEquity Stock Performance

HealthEquity stock opened at $82.17 on Monday. The company has a quick ratio of 3.27, a current ratio of 3.27 and a debt-to-equity ratio of 0.45. HealthEquity, Inc. has a 52 week low of $72.76 and a 52 week high of $116.65. The company has a market capitalization of $6.89 billion, a price-to-earnings ratio of 33.40, a price-to-earnings-growth ratio of 1.49 and a beta of 0.19. The stock has a 50-day moving average price of $81.79 and a 200 day moving average price of $87.22.

HealthEquity (NASDAQ:HQY) last announced its quarterly earnings results on Tuesday, March 17th. The company reported $0.95 earnings per share for the quarter, beating the consensus estimate of $0.90 by $0.05. The company had revenue of $334.59 million during the quarter, compared to analysts’ expectations of $332.48 million. HealthEquity had a return on equity of 13.86% and a net margin of 16.39%.The firm’s quarterly revenue was up 7.3% on a year-over-year basis. Sell-side analysts anticipate that HealthEquity, Inc. will post 3.84 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. BMO Capital Markets raised HealthEquity from a “market perform” rating to an “outperform” rating and raised their price target for the stock from $85.00 to $105.00 in a report on Thursday, April 9th. Royal Bank Of Canada lowered their price target on HealthEquity from $110.00 to $100.00 and set an “outperform” rating for the company in a report on Wednesday, March 18th. Weiss Ratings reissued a “hold (c+)” rating on shares of HealthEquity in a report on Thursday, January 22nd. Barrington Research decreased their target price on HealthEquity from $125.00 to $110.00 and set an “outperform” rating for the company in a report on Wednesday, March 18th. Finally, Raymond James Financial set a $100.00 target price on HealthEquity in a report on Tuesday, February 17th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, HealthEquity presently has a consensus rating of “Moderate Buy” and a consensus price target of $111.79.

HealthEquity Company Profile

HealthEquity, Inc (NASDAQ: HQY) is a leading administrator of consumer-directed health accounts and related benefit solutions in the United States. Founded in 2002 and headquartered in Draper, Utah, the company specializes in health savings accounts (HSAs) and offers complementary services such as flexible spending accounts (FSAs), health reimbursement arrangements (HRAs), COBRA administration and commuter benefits. Through its technology-driven platform, HealthEquity enables employers, health plans and individuals to streamline account management, improve cost transparency and encourage more informed healthcare spending.

Serving millions of members across all 50 states, HealthEquity leverages an open-architecture ecosystem that integrates with health plans, payroll providers and financial institutions.