William Blair Investment Management LLC Purchases New Stake in HealthEquity, Inc. $HQY

William Blair Investment Management LLC purchased a new stake in HealthEquity, Inc. (NASDAQ:HQY) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 1,855,208 shares of the company’s stock, valued at approximately $169,956,000. William Blair Investment Management LLC owned 2.17% of HealthEquity at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Capricorn Fund Managers Ltd bought a new stake in HealthEquity in the 4th quarter valued at $6,926,000. 12th Street Asset Management Company LLC grew its holdings in HealthEquity by 114.4% in the 3rd quarter. 12th Street Asset Management Company LLC now owns 272,068 shares of the company’s stock valued at $25,784,000 after buying an additional 145,151 shares in the last quarter. Oppenheimer Asset Management Inc. grew its holdings in HealthEquity by 45.5% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 155,543 shares of the company’s stock valued at $14,741,000 after buying an additional 48,621 shares in the last quarter. Bessemer Group Inc. grew its holdings in HealthEquity by 21.3% in the 3rd quarter. Bessemer Group Inc. now owns 349,342 shares of the company’s stock valued at $33,108,000 after buying an additional 61,317 shares in the last quarter. Finally, King Luther Capital Management Corp grew its holdings in HealthEquity by 60.6% in the 3rd quarter. King Luther Capital Management Corp now owns 80,584 shares of the company’s stock valued at $7,637,000 after buying an additional 30,394 shares in the last quarter. Institutional investors own 99.55% of the company’s stock.

Analyst Upgrades and Downgrades

HQY has been the topic of a number of research reports. Royal Bank Of Canada decreased their price objective on HealthEquity from $110.00 to $100.00 and set an “outperform” rating on the stock in a report on Wednesday, March 18th. Jefferies Financial Group set a $108.00 price objective on HealthEquity in a report on Thursday, February 19th. BMO Capital Markets raised HealthEquity from a “market perform” rating to an “outperform” rating and upped their price objective for the company from $85.00 to $105.00 in a report on Thursday, April 9th. UBS Group set a $110.00 price objective on HealthEquity in a report on Tuesday, February 17th. Finally, JPMorgan Chase & Co. decreased their price objective on HealthEquity from $129.00 to $123.00 and set an “overweight” rating on the stock in a report on Wednesday, March 18th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, HealthEquity currently has a consensus rating of “Moderate Buy” and an average target price of $111.79.

HealthEquity Stock Performance

HQY opened at $88.11 on Friday. The firm has a market cap of $7.39 billion, a P/E ratio of 35.82, a price-to-earnings-growth ratio of 1.60 and a beta of 0.19. HealthEquity, Inc. has a 52-week low of $72.76 and a 52-week high of $116.65. The company has a debt-to-equity ratio of 0.45, a quick ratio of 3.27 and a current ratio of 3.27. The business’s fifty day moving average is $82.48 and its 200-day moving average is $86.98.

HealthEquity (NASDAQ:HQY) last released its earnings results on Tuesday, March 17th. The company reported $0.95 earnings per share (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 return on equity of 13.86% and a net margin of 16.39%.HealthEquity’s revenue for the quarter was up 7.3% on a year-over-year basis. Sell-side analysts expect that HealthEquity, Inc. will post 3.84 EPS for the current fiscal 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.