Northwestern Mutual Wealth Management Co. Purchases 478,370 Shares of HealthEquity, Inc. $HQY

Northwestern Mutual Wealth Management Co. lifted its position in shares of HealthEquity, Inc. (NASDAQ:HQY) by 229,985.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 478,578 shares of the company’s stock after purchasing an additional 478,370 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in HealthEquity were worth $43,843,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Bessemer Group Inc. boosted its position in shares of HealthEquity by 6.9% during the fourth quarter. Bessemer Group Inc. now owns 373,389 shares of the company’s stock worth $34,207,000 after purchasing an additional 24,047 shares in the last quarter. Allworth Financial LP boosted its position in shares of HealthEquity by 88.3% during the fourth quarter. Allworth Financial LP now owns 706 shares of the company’s stock worth $65,000 after purchasing an additional 331 shares in the last quarter. Atria Investments Inc lifted its position in HealthEquity by 1.4% in the 4th quarter. Atria Investments Inc now owns 38,285 shares of the company’s stock valued at $3,507,000 after acquiring an additional 543 shares in the last quarter. Madison Asset Management LLC lifted its position in HealthEquity by 0.4% in the 4th quarter. Madison Asset Management LLC now owns 60,938 shares of the company’s stock valued at $5,583,000 after acquiring an additional 231 shares in the last quarter. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al lifted its position in HealthEquity by 72.2% in the 4th quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 6,200 shares of the company’s stock valued at $568,000 after acquiring an additional 2,600 shares in the last quarter. 99.55% of the stock is owned by institutional investors.

HealthEquity Trading Up 1.1%

HQY opened at $83.04 on Tuesday. The firm’s fifty day simple moving average is $81.85 and its 200 day simple moving average is $87.13. The company has a current ratio of 3.27, a quick ratio of 3.27 and a debt-to-equity ratio of 0.45. HealthEquity, Inc. has a 12 month low of $72.76 and a 12 month high of $116.65. The stock has a market capitalization of $6.96 billion, a P/E ratio of 33.76, a P/E/G ratio of 1.49 and a beta of 0.19.

HealthEquity (NASDAQ:HQY) last issued its quarterly earnings results on Tuesday, March 17th. The company reported $0.95 EPS for the quarter, topping the consensus estimate of $0.90 by $0.05. HealthEquity had a net margin of 16.39% and a return on equity of 13.86%. The firm had revenue of $334.59 million for the quarter, compared to analysts’ expectations of $332.48 million. HealthEquity’s revenue for the quarter was up 7.3% compared to the same quarter last year. As a group, research analysts anticipate that HealthEquity, Inc. will post 3.84 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of HealthEquity in a research report on Thursday, January 22nd. Jefferies Financial Group set a $108.00 price objective on shares of HealthEquity in a research report on Thursday, February 19th. Wall Street Zen cut shares of HealthEquity from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Raymond James Financial set a $100.00 price objective on shares of HealthEquity in a research report on Tuesday, February 17th. Finally, Barrington Research cut their price objective on shares of HealthEquity from $125.00 to $110.00 and set an “outperform” rating on the stock in a research report on Wednesday, March 18th. 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 company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $111.79.

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.