Teachers Retirement System of The State of Kentucky Has $4.40 Million Stake in HealthEquity, Inc. (NASDAQ:HQY)

Teachers Retirement System of The State of Kentucky increased its position in HealthEquity, Inc. (NASDAQ:HQY - Free Report) by 8.6% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 49,780 shares of the company's stock after purchasing an additional 3,946 shares during the period. Teachers Retirement System of The State of Kentucky owned approximately 0.06% of HealthEquity worth $4,399,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of HQY. T. Rowe Price Investment Management Inc. purchased a new position in HealthEquity during the 4th quarter worth $78,107,000. Norges Bank purchased a new position in HealthEquity during the 4th quarter worth $74,701,000. Raymond James Financial Inc. purchased a new position in HealthEquity during the 4th quarter worth $45,728,000. Iron Triangle Partners LP purchased a new position in HealthEquity during the 4th quarter worth $32,202,000. Finally, Artisan Partners Limited Partnership purchased a new position in HealthEquity during the 4th quarter worth $24,568,000. 99.55% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on HQY shares. Bank of America boosted their price objective on HealthEquity from $110.00 to $125.00 and gave the company a "buy" rating in a research note on Wednesday, June 4th. Royal Bank Of Canada boosted their price objective on HealthEquity from $112.00 to $117.00 and gave the company an "outperform" rating in a research note on Wednesday, June 4th. KeyCorp lowered their price objective on HealthEquity from $110.00 to $100.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 16th. Deutsche Bank Aktiengesellschaft boosted their price objective on HealthEquity from $98.00 to $115.00 and gave the company a "buy" rating in a research note on Thursday, June 5th. Finally, JMP Securities boosted their price objective on HealthEquity from $110.00 to $117.00 and gave the company a "market outperform" rating in a research note on Wednesday, June 4th. One investment analyst has rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus price target of $118.55.

Insiders Place Their Bets

In other HealthEquity news, Director Jon Kessler sold 97,767 shares of the company's stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $112.05, for a total value of $10,954,792.35. Following the completion of the sale, the director owned 75,000 shares of the company's stock, valued at $8,403,750. This represents a 56.59% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Elimelech Rosner sold 58,000 shares of the stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of $112.56, for a total value of $6,528,480.00. Following the sale, the executive vice president directly owned 75,689 shares of the company's stock, valued at approximately $8,519,553.84. This trade represents a 43.38% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 291,744 shares of company stock valued at $32,705,007 over the last quarter. 1.50% of the stock is owned by corporate insiders.

HealthEquity Stock Down 0.6%

HQY stock opened at $97.08 on Tuesday. The company has a current ratio of 4.06, a quick ratio of 4.06 and a debt-to-equity ratio of 0.50. The company's 50 day moving average is $101.65 and its 200 day moving average is $98.49. The stock has a market cap of $8.39 billion, a price-to-earnings ratio of 70.86, a price-to-earnings-growth ratio of 1.51 and a beta of 0.49. HealthEquity, Inc. has a 1-year low of $65.01 and a 1-year high of $116.65.

HealthEquity (NASDAQ:HQY - Get Free Report) last issued its earnings results on Tuesday, June 3rd. The company reported $0.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.81 by $0.16. The business had revenue of $330.80 million during the quarter, compared to analyst estimates of $322.25 million. HealthEquity had a return on equity of 11.01% and a net margin of 9.80%. During the same quarter in the prior year, the firm earned $0.80 earnings per share. Sell-side analysts predict that HealthEquity, Inc. will post 2.32 EPS for the current fiscal year.

HealthEquity Profile

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, receive personalized benefit information, earn wellness incentives, grow their savings, and make investment choices; and health savings accounts.

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