13F Activity: Stephens Investment Management Group LLC Has Cut Healthequity INC (HQY) Stake by $4.61 Million; Stock Price Rose

13F Activity: Stephens Investment Management Group LLC Has Cut Healthequity INC (HQY) Stake by $4.61 Million; Stock Price Rose

Stephens Investment Management Group Llc decreased its stake in Healthequity Inc (HQY) by 9.02% based on its latest 2016Q3 regulatory filing with the SEC. Stephens Investment Management Group Llc sold 124,500 shares as the company’s stock rose 24.92% with the market. The institutional investor held 1.26M shares of the miscellaneous company at the end of 2016Q3, valued at $47.52M, down from 1.38 million at the end of the previous reported quarter. Stephens Investment Management Group Llc who had been investing in Healthequity Inc for a number of months, seems to be less bullish one the $3.08 billion market cap company. The stock is up 0.85% or $0.4 hitting $47.44, despite the negative news. About 240,155 shares traded hands. Healthequity Inc (NASDAQ:HQY) has risen 70.37% since June 7, 2016 and is uptrending. It has outperformed by 62.95% the S&P500.

Stephens Investment Management Group Llc, which manages about $3.08 billion and $3.30 billion US Long portfolio, upped its stake in Orbital Atk Inc by 79,907 shares to 381,722 shares, valued at $29.10 million in 2016Q3, according to the filing. It also increased its holding in Cerner Corp (NASDAQ:CERN) by 51,274 shares in the quarter, for a total of 394,239 shares, and has risen its stake in Mobileye N V Amstelveen (NYSE:MBLY).

Stephens Investment Management Group Llc is a Texas-based institutional investor with more than $3.08 billion AUM in October, 2014. Taken from Stephens Investment Management Group latest Adv, the fund reported to have 15 full and part-time employees. Among which 5 performing investment advisory and research functions. The institutional investor had between 26-100 clients.

More news for Healthequity Inc (NASDAQ:HQY) were recently published by: Nasdaq.com, which released: “HealthEquity Reaches Analyst Target Price” on January 11, 2017. Equitiesfocus.com‘s article titled: “HealthEquity, Inc. (NASDAQ:HQY) Mean Price Target At $47.00” and published on January 09, 2017 is yet another important article.

According to Zacks Investment Research, “HealthEquity, Inc. is a technology-enabled services platforms that empower 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. HealthEquity, Inc. is headquartered in Draper, Utah.”

Healthequity Inc (NASDAQ:HQY) Ratings Coverage

Out of 9 analysts covering HealthEquity Inc (NASDAQ:HQY), 7 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 78% are positive. HealthEquity Inc has been the topic of 11 analyst reports since August 18, 2015 according to StockzIntelligence Inc. Leerink Swann maintained the shares of HQY in a report on Monday, April 4 with “Outperform” rating. As per Tuesday, December 8, the company rating was maintained by Barrington Research. Chardan Capital Markets initiated Healthequity Inc (NASDAQ:HQY) rating on Tuesday, December 13. Chardan Capital Markets has “Buy” rating and $50 price target. The stock has “Buy” rating given by Suntrust Robinson on Wednesday, June 8. The firm earned “Hold” rating on Tuesday, October 13 by TheStreet. The stock of Healthequity Inc (NASDAQ:HQY) has “Market Outperform” rating given on Wednesday, March 23 by Avondale. Robert W. Baird maintained the stock with “Neutral” rating in Wednesday, September 7 report. SunTrust maintained Healthequity Inc (NASDAQ:HQY) on Wednesday, June 8 with “Buy” rating. The firm earned “Overweight” rating on Friday, October 28 by JP Morgan. The firm has “Outperform” rating by Barrington Research given on Wednesday, March 23.

HQY Company Profile

HealthEquity, Inc., incorporated on October 18, 2002, is a well-known provider of a range of solutions for managing healthcare accounts (Health Savings Accounts (HSAs), Health Reimbursement Arrangements (HRAs) and Flexible Spending Accounts (FSAs)) for health plans, insurance companies and third-party administrators. The Firm is engaged in technology-enabled services platforms that allow clients to make healthcare saving and spending decisions. The Company’s platform provides an ecosystem where clients 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 help in their tax-advantaged healthcare savings.

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