American Century Companies Inc. Increases Stock Holdings in HealthEquity, Inc. $HQY

American Century Companies Inc. lifted its stake in shares of HealthEquity, Inc. (NASDAQ:HQY) by 11.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 771,205 shares of the company’s stock after acquiring an additional 81,464 shares during the period. American Century Companies Inc. owned 0.90% of HealthEquity worth $73,087,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Xponance Inc. lifted its holdings in shares of HealthEquity by 0.8% during the 3rd quarter. Xponance Inc. now owns 12,265 shares of the company’s stock valued at $1,162,000 after acquiring an additional 102 shares in the last quarter. Advisors Asset Management Inc. increased its stake in HealthEquity by 4.7% during the second quarter. Advisors Asset Management Inc. now owns 2,437 shares of the company’s stock valued at $255,000 after purchasing an additional 110 shares during the last quarter. Coldstream Capital Management Inc. lifted its holdings in HealthEquity by 7.3% in the second quarter. Coldstream Capital Management Inc. now owns 2,027 shares of the company’s stock worth $212,000 after acquiring an additional 138 shares during the last quarter. Farther Finance Advisors LLC boosted its position in HealthEquity by 59.3% during the 3rd quarter. Farther Finance Advisors LLC now owns 392 shares of the company’s stock valued at $37,000 after purchasing an additional 146 shares during the period. Finally, Elevation Point Wealth Partners LLC increased its holdings in shares of HealthEquity by 4.5% in the 2nd quarter. Elevation Point Wealth Partners LLC now owns 3,562 shares of the company’s stock worth $373,000 after acquiring an additional 152 shares during the period. 99.55% of the stock is currently owned by institutional investors and hedge funds.

HealthEquity Price Performance

Shares of HealthEquity stock opened at $81.15 on Thursday. HealthEquity, Inc. has a twelve month low of $72.76 and a twelve month high of $116.65. The company has a debt-to-equity ratio of 0.46, a quick ratio of 4.13 and a current ratio of 4.13. The firm’s 50-day simple moving average is $83.82 and its 200-day simple moving average is $90.92. The firm has a market cap of $6.93 billion, a P/E ratio of 37.22, a price-to-earnings-growth ratio of 1.00 and a beta of 0.26.

HealthEquity (NASDAQ:HQY) last announced its quarterly earnings results on Wednesday, December 3rd. The company reported $1.01 EPS for the quarter, beating the consensus estimate of $0.90 by $0.11. The business had revenue of $322.16 million for the quarter, compared to analyst estimates of $320.92 million. HealthEquity had a return on equity of 12.94% and a net margin of 14.86%.HealthEquity’s quarterly revenue was up 7.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.78 EPS. As a group, research analysts expect that HealthEquity, Inc. will post 2.32 EPS for the current fiscal year.

Insider Buying and Selling at HealthEquity

In related news, EVP Elimelech Rosner sold 10,959 shares of HealthEquity stock in a transaction on Thursday, December 18th. The stock was sold at an average price of $95.45, for a total transaction of $1,046,036.55. Following the completion of the sale, the executive vice president directly owned 45,742 shares of the company’s stock, valued at $4,366,073.90. The trade was a 19.33% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Delano Ladd sold 1,500 shares of the stock in a transaction that occurred on Friday, December 19th. The shares were sold at an average price of $94.72, for a total transaction of $142,080.00. Following the completion of the sale, the executive vice president owned 73,979 shares in the company, valued at $7,007,290.88. This represents a 1.99% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 1.50% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. Wall Street Zen upgraded shares of HealthEquity from a “hold” rating to a “buy” rating in a research note on Monday, January 19th. 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 report on Tuesday, February 17th. KeyCorp upped their price objective on shares of HealthEquity from $120.00 to $125.00 and gave the company an “overweight” rating in a research note on Thursday, January 8th. UBS Group set a $110.00 price objective on HealthEquity in a report on Tuesday, February 17th. Finally, JPMorgan Chase & Co. increased their price objective on HealthEquity from $126.00 to $129.00 and gave the company an “overweight” rating in a report on Thursday, December 4th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $112.00.

HealthEquity 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.