Oppenheimer Asset Management Inc. Raises Stake in HealthEquity, Inc. $HQY

Oppenheimer Asset Management Inc. lifted its stake in shares of HealthEquity, Inc. (NASDAQ:HQY) by 4.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 161,702 shares of the company’s stock after buying an additional 6,159 shares during the quarter. Oppenheimer Asset Management Inc. owned about 0.19% of HealthEquity worth $14,814,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of HQY. True Wealth Design LLC lifted its position in shares of HealthEquity by 3,522.2% during the 3rd quarter. True Wealth Design LLC now owns 326 shares of the company’s stock worth $31,000 after buying an additional 317 shares during the last quarter. Farther Finance Advisors LLC lifted its position in shares of HealthEquity by 59.3% during the 3rd quarter. Farther Finance Advisors LLC now owns 392 shares of the company’s stock worth $37,000 after buying an additional 146 shares during the last quarter. Torren Management LLC purchased a new stake in shares of HealthEquity during the 4th quarter worth approximately $40,000. AlphaQuest LLC lifted its position in shares of HealthEquity by 52.2% during the 3rd quarter. AlphaQuest LLC now owns 624 shares of the company’s stock worth $59,000 after buying an additional 214 shares during the last quarter. Finally, Larson Financial Group LLC lifted its position in shares of HealthEquity by 24.4% during the 3rd quarter. Larson Financial Group LLC now owns 628 shares of the company’s stock worth $60,000 after buying an additional 123 shares during the last quarter. Hedge funds and other institutional investors own 99.55% of the company’s stock.

HealthEquity Trading Up 0.5%

NASDAQ HQY opened at $82.40 on Friday. HealthEquity, Inc. has a one year low of $72.76 and a one year high of $116.65. The company’s 50 day moving average price is $80.91 and its 200 day moving average price is $88.04. 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 firm has a market capitalization of $6.96 billion, a price-to-earnings ratio of 33.50, a PEG ratio of 1.49 and a beta of 0.19.

HealthEquity (NASDAQ:HQY) last posted its quarterly earnings results on Tuesday, March 17th. The company reported $0.95 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 firm had revenue of $334.59 million for the quarter, compared to analyst estimates of $332.48 million. The company’s revenue was up 7.3% compared to the same quarter last year. On average, sell-side analysts predict that HealthEquity, Inc. will post 3.84 EPS for the current year.

Wall Street Analysts Forecast Growth

HQY has been the topic of a number of recent research reports. BMO Capital Markets raised shares of HealthEquity from a “market perform” rating to an “outperform” rating and lifted their target price for the company from $85.00 to $105.00 in a report on Thursday, April 9th. Deutsche Bank Aktiengesellschaft increased their price target on shares of HealthEquity from $120.00 to $128.00 and gave the company a “buy” rating in a report on Thursday, March 19th. Weiss Ratings reissued a “hold (c+)” rating on shares of HealthEquity in a research note on Thursday, January 22nd. BTIG Research lowered their price objective on shares of HealthEquity from $130.00 to $110.00 and set a “buy” rating on the stock in a research note on Tuesday, February 17th. Finally, Royal Bank Of Canada reduced their target price on shares of HealthEquity from $110.00 to $100.00 and set an “outperform” 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 issued a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $111.79.

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.