Schaper Benz & Wise Investment Counsel Inc. WI Lowers Stake in HealthEquity, Inc. (NASDAQ:HQY)

Schaper Benz & Wise Investment Counsel Inc. WI reduced its position in shares of HealthEquity, Inc. (NASDAQ:HQYGet Rating) by 21.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,237 shares of the company’s stock after selling 4,620 shares during the quarter. Schaper Benz & Wise Investment Counsel Inc. WI’s holdings in HealthEquity were worth $763,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the stock. Summit Creek Advisors LLC lifted its stake in HealthEquity by 38.0% in the 4th quarter. Summit Creek Advisors LLC now owns 296,895 shares of the company’s stock valued at $13,135,000 after buying an additional 81,821 shares in the last quarter. Qube Research & Technologies Ltd purchased a new position in HealthEquity in the 4th quarter worth approximately $474,000. Pictet Asset Management SA lifted its stake in HealthEquity by 0.5% in the 4th quarter. Pictet Asset Management SA now owns 208,789 shares of the company’s stock worth $9,237,000 after purchasing an additional 1,139 shares in the last quarter. Pinebridge Investments L.P. purchased a new position in HealthEquity in the 4th quarter worth approximately $31,000. Finally, Citigroup Inc. lifted its stake in HealthEquity by 69.5% in the 4th quarter. Citigroup Inc. now owns 27,089 shares of the company’s stock worth $1,198,000 after purchasing an additional 11,108 shares in the last quarter. 97.44% of the stock is currently owned by hedge funds and other institutional investors.

HQY has been the topic of a number of research reports. StockNews.com lowered shares of HealthEquity from a “hold” rating to a “sell” rating in a research note on Sunday, March 27th. Barrington Research raised their target price on shares of HealthEquity from $55.00 to $70.00 in a research note on Wednesday, March 23rd. Jefferies Financial Group raised their price target on shares of HealthEquity from $62.00 to $80.00 and gave the stock a “buy” rating in a report on Monday, March 28th. Zacks Investment Research upgraded shares of HealthEquity from a “strong sell” rating to a “buy” rating and set a $58.00 price target for the company in a report on Tuesday, February 8th. Finally, Bank of America raised their price target on shares of HealthEquity from $63.00 to $70.00 in a report on Wednesday, March 23rd. One research analyst has rated the stock with a sell rating, one has issued a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of $77.33.

HQY traded up $2.92 on Friday, reaching $57.68. The company had a trading volume of 643,544 shares, compared to its average volume of 709,899. The stock has a 50-day moving average price of $62.51 and a 200-day moving average price of $56.78. The company has a quick ratio of 2.29, a current ratio of 2.29 and a debt-to-equity ratio of 0.50. HealthEquity, Inc. has a 1 year low of $36.81 and a 1 year high of $84.78. The stock has a market capitalization of $4.83 billion, a PE ratio of -108.83, a P/E/G ratio of 4.62 and a beta of 1.08.

HealthEquity (NASDAQ:HQYGet Rating) last posted its quarterly earnings results on Tuesday, March 22nd. The company reported $0.09 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.09. HealthEquity had a negative net margin of 5.85% and a positive return on equity of 3.49%. The company had revenue of $203.30 million for the quarter, compared to the consensus estimate of $199.27 million. During the same period last year, the firm posted $0.30 EPS. As a group, analysts expect that HealthEquity, Inc. will post 0.61 earnings per share for the current fiscal year.

HealthEquity Company Profile (Get Rating)

HealthEquity, Inc provides technology-enabled services platforms to consumers and employers in the United States. The company offers cloud-based platforms 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.

Further Reading

Institutional Ownership by Quarter for HealthEquity (NASDAQ:HQY)

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