Beck Bode LLC Makes New Investment in HealthEquity, Inc. $HQY

Beck Bode LLC acquired a new position in shares of HealthEquity, Inc. (NASDAQ:HQY) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 10,200 shares of the company’s stock, valued at approximately $68,000.

A number of other institutional investors have also modified their holdings of HQY. Sivia Capital Partners LLC acquired a new position in shares of HealthEquity in the 2nd quarter valued at $306,000. Arrowstreet Capital Limited Partnership acquired a new position in shares of HealthEquity in the 2nd quarter valued at $4,747,000. Marshall Wace LLP acquired a new position in shares of HealthEquity in the 2nd quarter valued at $5,483,000. Amundi increased its holdings in shares of HealthEquity by 9.3% in the 2nd quarter. Amundi now owns 30,203 shares of the company’s stock valued at $3,059,000 after acquiring an additional 2,574 shares during the period. Finally, Jump Financial LLC acquired a new position in shares of HealthEquity in the 2nd quarter valued at $449,000. 99.55% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on HQY shares. Barclays cut their target price on shares of HealthEquity from $118.00 to $110.00 and set an “overweight” rating on the stock in a report on Wednesday, February 18th. Wall Street Zen lowered shares of HealthEquity from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. UBS Group set a $110.00 price objective on shares of HealthEquity in a research report on Tuesday, February 17th. JPMorgan Chase & Co. lowered their price objective on shares of 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 lowered their price objective on shares of HealthEquity from $110.00 to $100.00 and set an “outperform” rating on the stock in a research report on Wednesday, March 18th. 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 assigned a Sell rating to the stock. According to MarketBeat, HealthEquity has a consensus rating of “Moderate Buy” and a consensus price target of $111.79.

HealthEquity Price Performance

Shares of NASDAQ HQY opened at $88.11 on Friday. The firm has a market capitalization of $7.39 billion, a P/E ratio of 35.82, a PEG ratio of 1.60 and a beta of 0.19. HealthEquity, Inc. has a one year low of $72.76 and a one year high of $116.65. The company’s fifty day moving average is $82.48 and its two-hundred day moving average is $86.98. 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 issued its 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. The company had revenue of $334.59 million for the quarter, compared to analyst estimates of $332.48 million. HealthEquity had a net margin of 16.39% and a return on equity of 13.86%. The firm’s revenue was up 7.3% compared to the same quarter last year. Analysts forecast that HealthEquity, Inc. will post 3.84 EPS for the current fiscal year.

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.