William Blair Investment Management LLC Acquires New Shares in HealthEquity, Inc. $HQY

William Blair Investment Management LLC acquired a new stake in HealthEquity, Inc. (NASDAQ:HQY) during the 4th quarter, Holdings Channel reports. The fund acquired 1,855,208 shares of the company’s stock, valued at approximately $169,956,000.

Several other large investors have also bought and sold shares of HQY. Torren Management LLC acquired a new stake in HealthEquity in the fourth quarter valued at about $40,000. AlphaQuest LLC boosted its stake in HealthEquity by 52.2% in the third quarter. AlphaQuest LLC now owns 624 shares of the company’s stock valued at $59,000 after buying an additional 214 shares in the last quarter. Larson Financial Group LLC boosted its stake in HealthEquity by 24.4% in the third quarter. Larson Financial Group LLC now owns 628 shares of the company’s stock valued at $60,000 after buying an additional 123 shares in the last quarter. Allworth Financial LP boosted its stake in HealthEquity by 88.3% in the fourth quarter. Allworth Financial LP now owns 706 shares of the company’s stock valued at $65,000 after buying an additional 331 shares in the last quarter. Finally, Beck Bode LLC acquired a new stake in HealthEquity in the fourth quarter valued at about $68,000. 99.55% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Royal Bank Of Canada reduced their price objective on HealthEquity from $110.00 to $100.00 and set an “outperform” rating on the stock in a research note on Wednesday, March 18th. Deutsche Bank Aktiengesellschaft raised their price objective on HealthEquity from $120.00 to $128.00 and gave the company a “buy” rating in a research note on Thursday, March 19th. Jefferies Financial Group set a $108.00 price objective on HealthEquity in a research note on Thursday, February 19th. UBS Group set a $110.00 price target on HealthEquity in a research note on Tuesday, February 17th. Finally, JPMorgan Chase & Co. cut their price target on HealthEquity from $129.00 to $123.00 and set an “overweight” rating on the stock in a research note on Wednesday, March 18th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $111.79.

HealthEquity Stock Performance

Shares of HQY stock opened at $88.11 on Friday. The business’s 50-day moving average price is $82.48 and its 200-day moving average price is $86.98. HealthEquity, Inc. has a 12 month low of $72.76 and a 12 month high of $116.65. The firm has a market capitalization of $7.39 billion, a price-to-earnings ratio of 35.82, a PEG ratio of 1.60 and a beta of 0.19. 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 (NASDAQ:HQY) last announced its quarterly earnings results on Tuesday, March 17th. The company reported $0.95 EPS for the quarter, beating analysts’ consensus estimates of $0.90 by $0.05. HealthEquity had a return on equity of 13.86% and a net margin of 16.39%.The firm had revenue of $334.59 million for the quarter, compared to analyst estimates of $332.48 million. HealthEquity’s revenue was up 7.3% compared to the same quarter last year. Equities research analysts forecast that HealthEquity, Inc. will post 3.84 EPS for the current year.

HealthEquity 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.