Allegis Investment Advisors Lowers stake in Healthequity Inc (HQY)

Healthequity Inc (HQY) : Allegis Investment Advisors reduced its stake in Healthequity Inc by 38.77% during the most recent quarter end. The investment management company now holds a total of 45,000 shares of Healthequity Inc which is valued at $1,290,150 after selling 28,489 shares in Healthequity Inc , the firm said in a disclosure report filed with the SEC on Aug 8, 2016.Healthequity Inc makes up approximately 0.62% of Allegis Investment Advisors’s portfolio.

Other Hedge Funds, Including , Los Angeles Capital Management Equity Research Inc reduced its stake in HQY by selling 7,070 shares or 8.76% in the most recent quarter. The Hedge Fund company now holds 73,660 shares of HQY which is valued at $2,111,832. Healthequity Inc makes up approx 0.02% of Los Angeles Capital Management Equity Research Inc’s portfolio.State Board Of Administration Of Florida Retirement System boosted its stake in HQY in the latest quarter, The investment management firm added 6,780 additional shares and now holds a total of 19,119 shares of Healthequity Inc which is valued at $551,201.Swiss National Bank boosted its stake in HQY in the latest quarter, The investment management firm added 13,400 additional shares and now holds a total of 70,400 shares of Healthequity Inc which is valued at $2,019,072.Gilder Gagnon Howe Co reduced its stake in HQY by selling 1,923 shares or 1.27% in the most recent quarter. The Hedge Fund company now holds 149,360 shares of HQY which is valued at $4,283,645. Healthequity Inc makes up approx 0.08% of Gilder Gagnon Howe Co’s portfolio. Creative Planning added HQY to its portfolio by purchasing 10 company shares during the most recent quarter which is valued at $303.

Healthequity Inc opened for trading at $28.9 and hit $29.46 on the upside on Monday, eventually ending the session at $29.17, with a gain of 0.59% or 0.17 points. The heightened volatility saw the trading volume jump to 3,76,731 shares. Company has a market cap of $1,694 M.

On the company’s financial health, Healthequity Inc reported $0.15 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Jun 7, 2016. Analyst had a consensus of $0.13. The company had revenue of $44.01 million for the quarter, compared to analysts expectations of $41.92 million. The company’s revenue was up 47.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.10 EPS.

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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