Rockefeller Capital Management L.P. Buys 41,983 Shares of HealthEquity, Inc. (NASDAQ:HQY)

Rockefeller Capital Management L.P. lifted its stake in shares of HealthEquity, Inc. (NASDAQ:HQY) by 12,347.9% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 42,323 shares of the company’s stock after acquiring an additional 41,983 shares during the quarter. Rockefeller Capital Management L.P.’s holdings in HealthEquity were worth $2,877,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its stake in shares of HealthEquity by 40.2% during the 4th quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 2,676 shares of the company’s stock worth $187,000 after acquiring an additional 767 shares in the last quarter. Cigna Investments Inc. New acquired a new position in shares of HealthEquity during the 1st quarter worth about $201,000. Concorde Asset Management LLC acquired a new position in shares of HealthEquity during the 1st quarter worth about $223,000. Campbell & CO Investment Adviser LLC acquired a new position in shares of HealthEquity during the 4th quarter worth about $231,000. Finally, Creative Planning acquired a new position in shares of HealthEquity during the 4th quarter worth about $246,000. Institutional investors own 98.08% of the company’s stock.

Several equities analysts recently weighed in on the company. Robert W. Baird reissued a “hold” rating and set a $86.00 price objective on shares of HealthEquity in a research report on Monday, May 24th. SVB Leerink upped their price target on HealthEquity from $77.00 to $80.00 and gave the company a “market perform” rating in a report on Tuesday, March 16th. JPMorgan Chase & Co. began coverage on HealthEquity in a report on Thursday, April 29th. They issued an “overweight” rating for the company. BTIG Research reaffirmed a “hold” rating on shares of HealthEquity in a report on Tuesday. Finally, Deutsche Bank Aktiengesellschaft upped their price target on HealthEquity from $88.00 to $92.00 and gave the company a “buy” rating in a report on Wednesday, March 17th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $82.55.

NASDAQ HQY opened at $77.98 on Friday. The company has a market cap of $6.50 billion, a price-to-earnings ratio of 649.83, a PEG ratio of 7.49 and a beta of 1.36. HealthEquity, Inc. has a one year low of $45.82 and a one year high of $93.32. The stock’s 50 day simple moving average is $75.12. The company has a debt-to-equity ratio of 0.67, a quick ratio of 2.25 and a current ratio of 2.25.

HealthEquity (NASDAQ:HQY) last released its quarterly earnings results on Sunday, June 6th. The company reported $0.38 EPS for the quarter, topping the Zacks’ consensus estimate of $0.32 by $0.06. HealthEquity had a return on equity of 6.49% and a net margin of 0.60%. On average, research analysts anticipate that HealthEquity, Inc. will post 0.86 earnings per share for the current year.

In other HealthEquity news, insider Darcy G. Mott sold 6,000 shares of the stock in a transaction on Tuesday, April 20th. The stock was sold at an average price of $70.31, for a total value of $421,860.00. Following the transaction, the insider now directly owns 77,052 shares in the company, valued at approximately $5,417,526.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Over the last 90 days, insiders have sold 18,000 shares of company stock worth $1,315,080. 2.80% of the stock is owned by corporate insiders.

About HealthEquity

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.

See Also: Dividend Reinvestment Plan (DRIP)

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Institutional Ownership by Quarter for HealthEquity (NASDAQ:HQY)

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