Teachers Retirement System of The State of Kentucky Sells 12,030 Shares of HealthEquity, Inc. $HQY

Teachers Retirement System of The State of Kentucky lowered its stake in shares of HealthEquity, Inc. (NASDAQ:HQY) by 32.1% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 25,476 shares of the company’s stock after selling 12,030 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in HealthEquity were worth $2,129,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in HQY. Fifth Third Wealth Advisors LLC grew its position in HealthEquity by 4.2% in the first quarter. Fifth Third Wealth Advisors LLC now owns 2,872 shares of the company’s stock worth $240,000 after acquiring an additional 116 shares in the last quarter. Truist Financial Corp raised its position in HealthEquity by 4.9% during the fourth quarter. Truist Financial Corp now owns 2,537 shares of the company’s stock valued at $232,000 after purchasing an additional 119 shares in the last quarter. Fiduciary Trust Co raised its position in HealthEquity by 3.4% during the third quarter. Fiduciary Trust Co now owns 3,669 shares of the company’s stock valued at $348,000 after purchasing an additional 120 shares in the last quarter. Larson Financial Group LLC raised its position in HealthEquity by 24.4% during the third quarter. Larson Financial Group LLC now owns 628 shares of the company’s stock valued at $60,000 after purchasing an additional 123 shares in the last quarter. Finally, GAMMA Investing LLC lifted its stake in HealthEquity by 9.5% during the fourth quarter. GAMMA Investing LLC now owns 1,944 shares of the company’s stock worth $178,000 after purchasing an additional 168 shares during the last quarter. 99.55% of the stock is owned by institutional investors.

HealthEquity Trading Up 0.6%

Shares of HQY stock opened at $95.07 on Thursday. The business has a 50-day moving average of $88.21 and a 200 day moving average of $84.66. The company has a debt-to-equity ratio of 0.46, a current ratio of 3.44 and a quick ratio of 3.44. HealthEquity, Inc. has a 1-year low of $72.76 and a 1-year high of $105.96. The stock has a market capitalization of $7.95 billion, a PE ratio of 35.61, a P/E/G ratio of 1.59 and a beta of 0.21.

HealthEquity (NASDAQ:HQY) last announced its quarterly earnings results on Thursday, May 28th. The company reported $1.24 EPS for the quarter, topping analysts’ consensus estimates of $1.11 by $0.13. HealthEquity had a return on equity of 14.75% and a net margin of 17.25%.The business had revenue of $354.64 million for the quarter, compared to analysts’ expectations of $352.02 million. The firm’s revenue for the quarter was up 7.2% compared to the same quarter last year. HealthEquity has set its FY 2027 guidance at 2.880-2.950 EPS. As a group, sell-side analysts anticipate that HealthEquity, Inc. will post 3.92 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on HQY. Wall Street Zen lowered HealthEquity from a “buy” rating to a “hold” rating in a research report on Saturday, July 4th. Citigroup restated a “market outperform” rating on shares of HealthEquity in a research report on Monday, June 1st. Barrington Research reaffirmed an “outperform” rating and issued a $110.00 target price on shares of HealthEquity in a research note on Friday, May 22nd. Royal Bank Of Canada increased their price target on shares of HealthEquity from $100.00 to $108.00 and gave the company an “outperform” rating in a research report on Wednesday, June 3rd. Finally, Wells Fargo & Company set a $111.00 price target on shares of HealthEquity in a research note on Monday, June 1st. Eleven investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $110.57.

Insider Buying and Selling

In related news, EVP Michael Henry Fiore sold 3,142 shares of HealthEquity stock in a transaction on Friday, May 29th. The shares were sold at an average price of $95.00, for a total value of $298,490.00. Following the transaction, the executive vice president directly owned 59,113 shares of the company’s stock, valued at $5,615,735. The trade was a 5.05% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Delano Ladd sold 7,500 shares of the company’s stock in a transaction on Thursday, May 28th. The shares were sold at an average price of $90.00, for a total transaction of $675,000.00. Following the sale, the executive vice president owned 91,141 shares of the company’s stock, valued at $8,202,690. This represents a 7.60% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 17,905 shares of company stock valued at $1,651,280 over the last three months. 1.60% of the stock is owned by company insiders.

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.