Principal Financial Group Inc. Has $23.46 Million Holdings in HealthEquity, Inc. (NASDAQ:HQY)

Principal Financial Group Inc. lifted its holdings in HealthEquity, Inc. (NASDAQ:HQY – Get Rating) by 11.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 380,608 shares of the company’s stock after purchasing an additional 39,179 shares during the period. Principal Financial Group Inc. owned 0.45% of HealthEquity worth $23,461,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Thrivent Financial for Lutherans lifted its position in HealthEquity by 0.3% during the 3rd quarter. Thrivent Financial for Lutherans now owns 59,666 shares of the company’s stock worth $4,007,000 after acquiring an additional 196 shares during the last quarter. Louisiana State Employees Retirement System lifted its position in HealthEquity by 0.9% during the 4th quarter. Louisiana State Employees Retirement System now owns 22,600 shares of the company’s stock worth $1,393,000 after acquiring an additional 200 shares during the last quarter. Pictet Asset Management SA lifted its position in HealthEquity by 4.3% during the 3rd quarter. Pictet Asset Management SA now owns 5,638 shares of the company’s stock worth $379,000 after acquiring an additional 231 shares during the last quarter. Arizona State Retirement System lifted its position in HealthEquity by 1.2% during the 3rd quarter. Arizona State Retirement System now owns 22,926 shares of the company’s stock worth $1,540,000 after acquiring an additional 270 shares during the last quarter. Finally, State of Michigan Retirement System lifted its position in HealthEquity by 1.4% during the 4th quarter. State of Michigan Retirement System now owns 21,522 shares of the company’s stock worth $1,327,000 after acquiring an additional 300 shares during the last quarter. Institutional investors and hedge funds own 99.54% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on HQY shares. Wells Fargo & Company cut their target price on shares of HealthEquity from $101.00 to $89.00 and set an “overweight” rating for the company in a research report on Friday, February 3rd. Royal Bank of Canada restated an “outperform” rating and set a $75.00 price objective on shares of HealthEquity in a report on Wednesday, March 22nd. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of HealthEquity from $72.00 to $69.00 and set a “buy” rating on the stock in a report on Friday, March 24th. Finally, StockNews.com initiated coverage on shares of HealthEquity in a report on Thursday. They set a “hold” rating on the stock. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $80.91.

HealthEquity Stock Performance

NASDAQ HQY opened at $56.77 on Friday. The stock has a market cap of $4.85 billion, a P/E ratio of -183.13, a PEG ratio of 2.64 and a beta of 0.79. The company’s 50-day simple moving average is $56.16 and its 200 day simple moving average is $60.67. HealthEquity, Inc. has a twelve month low of $48.86 and a twelve month high of $79.20. The company has a quick ratio of 2.92, a current ratio of 2.92 and a debt-to-equity ratio of 0.48.

HealthEquity (NASDAQ:HQY – Get Rating) last posted its earnings results on Tuesday, March 21st. The company reported $0.26 earnings per share for the quarter, beating analysts’ consensus estimates of $0.20 by $0.06. The business had revenue of $233.84 million for the quarter, compared to analysts’ expectations of $229.43 million. HealthEquity had a negative net margin of 3.03% and a positive return on equity of 3.50%. As a group, research analysts forecast that HealthEquity, Inc. will post 1.02 earnings per share for the current fiscal year.

HealthEquity Company Profile

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HealthEquity, Inc engages in the provision of technology-enabled services for healthcare and spending decisions. The company was founded by Stephen D. Neeleman on September 18, 2002 and is headquartered in Draper, UT.