HealthEquity, Inc. $HQY Stock Holdings Increased by Westfield Capital Management Co. LP

Westfield Capital Management Co. LP raised its holdings in shares of HealthEquity, Inc. (NASDAQ:HQY) by 13.7% during the 4th quarter, Holdings Channel reports. The fund owned 1,952,452 shares of the company’s stock after purchasing an additional 235,794 shares during the period. HealthEquity makes up approximately 0.7% of Westfield Capital Management Co. LP’s portfolio, making the stock its 27th largest holding. Westfield Capital Management Co. LP’s holdings in HealthEquity were worth $178,864,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. Torren Management LLC bought a new stake in HealthEquity during the 4th quarter valued at $40,000. Northwestern Mutual Wealth Management Co. raised its stake in HealthEquity by 190.4% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 604 shares of the company’s stock valued at $55,000 after acquiring an additional 396 shares in the last quarter. AlphaQuest LLC raised its stake in HealthEquity by 52.2% during the 3rd quarter. AlphaQuest LLC now owns 624 shares of the company’s stock valued at $59,000 after acquiring an additional 214 shares in the last quarter. Larson Financial Group LLC raised its stake in HealthEquity by 24.4% during the 3rd quarter. Larson Financial Group LLC now owns 628 shares of the company’s stock valued at $60,000 after acquiring an additional 123 shares in the last quarter. Finally, Allworth Financial LP raised its stake in HealthEquity by 88.3% during the 4th quarter. Allworth Financial LP now owns 706 shares of the company’s stock valued at $65,000 after acquiring an additional 331 shares in the last quarter. Institutional investors own 99.55% of the company’s stock.

HealthEquity Stock Performance

Shares of HealthEquity stock opened at $86.00 on Friday. The stock has a market cap of $7.19 billion, a PE ratio of 32.21, a price-to-earnings-growth ratio of 1.46 and a beta of 0.21. The business has a fifty day simple moving average of $83.93 and a 200-day simple moving average of $86.31. The company has a quick ratio of 3.44, a current ratio of 3.44 and a debt-to-equity ratio of 0.46. HealthEquity, Inc. has a 12 month low of $72.76 and a 12 month high of $116.65.

HealthEquity (NASDAQ:HQY) last issued its earnings results on Thursday, May 28th. The company reported $1.24 EPS for the quarter, topping the consensus estimate of $1.11 by $0.13. The business had revenue of $354.64 million during the quarter, compared to analysts’ expectations of $352.02 million. HealthEquity had a return on equity of 14.75% and a net margin of 17.25%.The company’s revenue for the quarter was up 7.2% on a year-over-year basis. HealthEquity has set its FY 2027 guidance at 2.880-2.950 EPS. On average, sell-side analysts anticipate that HealthEquity, Inc. will post 3.86 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. BTIG Research cut their target price on HealthEquity from $130.00 to $110.00 and set a “buy” rating on the stock in a research note on Tuesday, February 17th. Barrington Research reiterated an “outperform” rating and set a $110.00 price target on shares of HealthEquity in a research report on Friday, May 22nd. Raymond James Financial set a $100.00 price target on HealthEquity in a research report on Tuesday, February 17th. JPMorgan Chase & Co. lowered their price target on HealthEquity from $129.00 to $123.00 and set an “overweight” rating on the stock in a research report on Wednesday, March 18th. Finally, Royal Bank Of Canada lifted their price target on HealthEquity from $100.00 to $108.00 and gave the company an “outperform” rating in a research report on Wednesday. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, HealthEquity has an average rating of “Moderate Buy” and an average target price of $110.57.

Insider Activity at HealthEquity

In other HealthEquity news, EVP Delano Ladd sold 7,500 shares of the business’s stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $90.00, for a total value of $675,000.00. Following the completion of the sale, the executive vice president owned 91,141 shares of the company’s stock, valued at $8,202,690. The trade was a 7.60% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Michael Henry Fiore sold 3,142 shares of the business’s stock in a transaction dated Friday, May 29th. The stock was sold at an average price of $95.00, for a total value of $298,490.00. Following the completion of the sale, the executive vice president directly owned 59,113 shares of the company’s stock, valued at $5,615,735. This represents a 5.05% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 13,081 shares of company stock valued at $1,193,000. Insiders own 1.60% of the company’s stock.

About HealthEquity

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.