Fcm Investmentstx Lowers stake in Healthequity Inc (HQY)

Healthequity Inc (HQY) : Fcm Investmentstx reduced its stake in Healthequity Inc by 0.15% during the most recent quarter end. The investment management company now holds a total of 99,551 shares of Healthequity Inc which is valued at $3,768,005 after selling 150 shares in Healthequity Inc , the firm said in a disclosure report filed with the SEC on Oct 12, 2016.Healthequity Inc makes up approximately 2.15% of Fcm Investmentstx’s portfolio.

Other Hedge Funds, Including , Creative Planning boosted its stake in HQY in the latest quarter, The investment management firm added 40 additional shares and now holds a total of 50 shares of Healthequity Inc which is valued at $1,893. Cutler Group Lp added HQY to its portfolio by purchasing 7,378 company shares during the most recent quarter which is valued at $283,610. Healthequity Inc makes up approx 0.02% of Cutler Group Lp’s portfolio.Bnp Paribas Arbitrage Sa reduced its stake in HQY by selling 7,398 shares or 16.48% in the most recent quarter. The Hedge Fund company now holds 37,500 shares of HQY which is valued at $1,428,750. Healthequity Inc makes up approx 0.01% of Bnp Paribas Arbitrage Sa’s portfolio.Eqis Capital Management reduced its stake in HQY by selling 2,133 shares or 19.3% in the most recent quarter. The Hedge Fund company now holds 8,917 shares of HQY which is valued at $339,738. Healthequity Inc makes up approx 0.02% of Eqis Capital Management’s portfolio.

Healthequity Inc closed down -0.59 points or -1.53% at $37.85 with 3,04,977 shares getting traded on Tuesday. Post opening the session at $38.51, the shares hit an intraday low of $37.7183 and an intraday high of $38.74 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

On the company’s financial health, Healthequity Inc reported $0.16 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Sep 6, 2016. Analyst had a consensus of $0.13. The company had revenue of $44.20 million for the quarter, compared to analysts expectations of $43.38 million. The company’s revenue was up 44.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.08 EPS.

Many Wall Street Analysts have commented on Healthequity Inc. Company shares were Reiterated by Barrington Research on Sep 8, 2016 to “Outperform”, Firm has raised the Price Target to $ 38 from a previous price target of $34 .

HealthEquity Inc. is a provider of a range of solutions for managing health care accounts (Health Savings Accounts (HSAs)) Health Reimbursement Arrangements (HRAs) and Flexible Spending Accounts (FSAs)) for health plans insurance companies and third-party administrators. The Company is engaged in technology-enabled services platforms that allow consumers to make healthcare saving and spending decisions. The Company’s platform provides an ecosystem where consumers can access their tax-advantaged healthcare savings compare treatment options and pricing evaluate and pay healthcare bills receive personalized benefit and clinical information earn wellness incentives and make educated investment choices to grow their tax-advantaged healthcare savings. The Company’s products and services include healthcare saving and spending platform health savings accounts investment advisory services reimbursement arrangements and healthcare incentives.

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