Thrivent Financial for Lutherans Sells 9,938 Shares of HealthEquity, Inc. $HQY

Thrivent Financial for Lutherans trimmed its holdings in HealthEquity, Inc. (NASDAQ:HQY) by 3.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 277,342 shares of the company’s stock after selling 9,938 shares during the quarter. Thrivent Financial for Lutherans owned approximately 0.32% of HealthEquity worth $25,408,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in HQY. Sivia Capital Partners LLC bought a new position in HealthEquity in the 2nd quarter worth approximately $306,000. Arrowstreet Capital Limited Partnership bought a new position in HealthEquity in the 2nd quarter worth approximately $4,747,000. Marshall Wace LLP bought a new position in shares of HealthEquity during the 2nd quarter valued at approximately $5,483,000. Amundi boosted its position in shares of HealthEquity by 9.3% during the 2nd quarter. Amundi now owns 30,203 shares of the company’s stock valued at $3,059,000 after acquiring an additional 2,574 shares during the last quarter. Finally, Jump Financial LLC bought a new position in shares of HealthEquity during the 2nd quarter valued at approximately $449,000. 99.55% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms have recently commented on HQY. Jefferies Financial Group set a $108.00 target price on HealthEquity in a research report on Thursday, February 19th. Barrington Research lowered their target price on HealthEquity from $125.00 to $110.00 and set an “outperform” rating for the company in a research report on Wednesday, March 18th. Raymond James Financial set a $100.00 target price on HealthEquity in a research report on Tuesday, February 17th. Weiss Ratings restated a “hold (c+)” rating on shares of HealthEquity in a report on Thursday, January 22nd. Finally, BTIG Research decreased their price target on HealthEquity from $130.00 to $110.00 and set a “buy” rating on the stock in a report on Tuesday, February 17th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, HealthEquity has an average rating of “Moderate Buy” and an average price target of $111.79.

HealthEquity Stock Performance

HQY stock opened at $82.17 on Monday. The firm has a market cap of $6.89 billion, a price-to-earnings ratio of 33.40, a PEG ratio of 1.49 and a beta of 0.19. 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 twelve month low of $72.76 and a twelve month high of $116.65. The business’s fifty day simple moving average is $81.79 and its two-hundred day simple moving average is $87.22.

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

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.