Massachusetts Financial Services Co. MA Decreases Stock Position in HealthEquity, Inc. $HQY

Massachusetts Financial Services Co. MA reduced its position in HealthEquity, Inc. (NASDAQ:HQY) by 52.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 149,122 shares of the company’s stock after selling 166,205 shares during the quarter. Massachusetts Financial Services Co. MA’s holdings in HealthEquity were worth $13,661,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of the company. Steadtrust LLC purchased a new position in shares of HealthEquity in the fourth quarter valued at $281,000. Capricorn Fund Managers Ltd purchased a new position in shares of HealthEquity in the fourth quarter valued at $6,926,000. First American Bank grew its position in shares of HealthEquity by 21.6% in the fourth quarter. First American Bank now owns 20,952 shares of the company’s stock valued at $1,919,000 after purchasing an additional 3,719 shares in the last quarter. Harbor Capital Advisors Inc. grew its position in shares of HealthEquity by 10.8% in the fourth quarter. Harbor Capital Advisors Inc. now owns 17,744 shares of the company’s stock valued at $1,626,000 after purchasing an additional 1,723 shares in the last quarter. Finally, Econ Financial Services Corp grew its position in shares of HealthEquity by 39.9% in the fourth quarter. Econ Financial Services Corp now owns 27,249 shares of the company’s stock valued at $2,496,000 after purchasing an additional 7,770 shares in the last quarter. 99.55% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on HQY shares. JPMorgan Chase & Co. reduced their price target on HealthEquity from $129.00 to $123.00 and set an “overweight” rating for the company in a research report on Wednesday, March 18th. Deutsche Bank Aktiengesellschaft lifted their price target on HealthEquity from $120.00 to $128.00 and gave the company a “buy” rating in a research report on Thursday, March 19th. KeyCorp lifted their price target on HealthEquity from $120.00 to $125.00 and gave the company an “overweight” rating in a research report on Thursday, January 8th. BMO Capital Markets upgraded HealthEquity from a “market perform” rating to an “outperform” rating and lifted their price target for the company from $85.00 to $105.00 in a research report on Thursday, April 9th. Finally, BTIG Research reduced their price target on HealthEquity from $130.00 to $110.00 and set a “buy” rating for the company in a research report on Tuesday, February 17th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, HealthEquity currently has a consensus rating of “Moderate Buy” and a consensus price target of $111.79.

HealthEquity Price Performance

NASDAQ:HQY opened at $84.53 on Friday. The firm has a market capitalization of $7.14 billion, a price-to-earnings ratio of 34.36, a P/E/G ratio of 1.52 and a beta of 0.26. HealthEquity, Inc. has a 52-week low of $72.76 and a 52-week high of $116.65. The stock has a fifty day moving average of $79.66 and a 200 day moving average of $88.61. The company has a debt-to-equity ratio of 0.45, a quick ratio of 3.27 and a current ratio of 3.27.

HealthEquity (NASDAQ:HQY) last posted its quarterly earnings data on Tuesday, March 17th. The company reported $0.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.90 by $0.05. The company had revenue of $334.59 million during 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 company’s quarterly revenue was up 7.3% compared to the same quarter last year. On average, research analysts expect that HealthEquity, Inc. will post 2.32 EPS for the current fiscal 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.