HealthEquity, Inc. $HQY Shares Purchased by Bessemer Group Inc.

Bessemer Group Inc. increased its position in shares of HealthEquity, Inc. (NASDAQ:HQY) by 6.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 373,389 shares of the company’s stock after purchasing an additional 24,047 shares during the period. Bessemer Group Inc.’s holdings in HealthEquity were worth $34,207,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Torren Management LLC acquired a new position in shares of HealthEquity during the fourth quarter worth $40,000. AlphaQuest LLC grew its stake in shares of HealthEquity by 52.2% during the third quarter. AlphaQuest LLC now owns 624 shares of the company’s stock worth $59,000 after purchasing an additional 214 shares in the last quarter. Larson Financial Group LLC grew its stake in shares of HealthEquity by 24.4% during the third quarter. Larson Financial Group LLC now owns 628 shares of the company’s stock worth $60,000 after purchasing an additional 123 shares in the last quarter. Allworth Financial LP grew its stake 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. Finally, IFP Advisors Inc grew its stake in shares of HealthEquity by 1,602.3% during the third quarter. IFP Advisors Inc now owns 749 shares of the company’s stock worth $75,000 after purchasing an additional 705 shares in the last quarter. Institutional investors and hedge funds own 99.55% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently commented on HQY. Wall Street Zen downgraded shares of HealthEquity from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Jefferies Financial Group set a $108.00 target price on shares of HealthEquity in a research note on Thursday, February 19th. Barclays decreased their price objective on shares of HealthEquity from $118.00 to $110.00 and set an “overweight” rating for the company in a research note on Wednesday, February 18th. Barrington Research decreased their price objective on shares of HealthEquity from $125.00 to $110.00 and set an “outperform” rating for the company in a research note on Wednesday, March 18th. Finally, UBS Group set a $110.00 price objective on shares of HealthEquity in a research note on Tuesday, February 17th. One 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 company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $111.79.

HealthEquity Stock Performance

NASDAQ HQY opened at $82.17 on Friday. The company has a debt-to-equity ratio of 0.45, a current ratio of 3.27 and a quick ratio of 3.27. HealthEquity, Inc. has a 1 year low of $72.76 and a 1 year high of $116.65. The company has a market capitalization of $6.89 billion, a PE ratio of 33.40, a P/E/G ratio of 1.49 and a beta of 0.19. The company has a fifty day moving average of $81.79 and a two-hundred day moving average of $87.28.

HealthEquity (NASDAQ:HQY) last released 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. HealthEquity had a net margin of 16.39% and a return on equity of 13.86%. The company had revenue of $334.59 million during the quarter, compared to the consensus estimate of $332.48 million. The business’s quarterly revenue was up 7.3% compared to the same quarter last year. As a group, analysts expect that HealthEquity, Inc. will post 3.84 earnings per share for the current 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.