Congress Asset Management Co. Buys 27,102 Shares of HealthEquity, Inc. $HQY

Congress Asset Management Co. grew its stake in HealthEquity, Inc. (NASDAQ:HQY) by 36.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 101,816 shares of the company’s stock after purchasing an additional 27,102 shares during the period. Congress Asset Management Co. owned about 0.12% of HealthEquity worth $9,327,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Norges Bank acquired a new position in shares of HealthEquity during the second quarter valued at about $75,072,000. AQR Capital Management LLC grew its position in HealthEquity by 148.5% during the second quarter. AQR Capital Management LLC now owns 1,107,448 shares of the company’s stock worth $116,016,000 after buying an additional 661,795 shares in the last quarter. Westfield Capital Management Co. LP increased its stake in HealthEquity by 35.7% during the third quarter. Westfield Capital Management Co. LP now owns 1,716,658 shares of the company’s stock valued at $162,688,000 after acquiring an additional 451,450 shares during the period. Woodline Partners LP bought a new position in HealthEquity during the third quarter valued at about $26,193,000. Finally, Vanguard Group Inc. raised its holdings in HealthEquity by 2.9% in the 3rd quarter. Vanguard Group Inc. now owns 8,746,255 shares of the company’s stock valued at $828,883,000 after acquiring an additional 243,549 shares in the last quarter. Institutional investors own 99.55% of the company’s stock.

HealthEquity Stock Up 0.6%

NASDAQ HQY opened at $82.10 on Wednesday. The company has a current ratio of 3.27, a quick ratio of 3.27 and a debt-to-equity ratio of 0.45. The stock’s 50 day moving average is $80.22 and its two-hundred day moving average is $89.87. The company has a market capitalization of $6.94 billion, a price-to-earnings ratio of 33.37, a PEG ratio of 1.48 and a beta of 0.26. HealthEquity, Inc. has a 1-year low of $72.76 and a 1-year high of $116.65.

HealthEquity (NASDAQ:HQY) last released its quarterly earnings data on Tuesday, March 17th. The company reported $0.95 earnings per share for the quarter, beating the consensus estimate of $0.90 by $0.05. HealthEquity had a return on equity of 13.86% and a net margin of 16.39%.The company had revenue of $334.59 million for the quarter, compared to analyst estimates of $332.48 million. The firm’s quarterly revenue was up 7.3% on a year-over-year basis. Equities analysts forecast that HealthEquity, Inc. will post 2.32 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have commented on HQY. Weiss Ratings reiterated a “hold (c+)” rating on shares of HealthEquity in a research report on Thursday, January 22nd. BTIG Research lowered their price objective on HealthEquity from $130.00 to $110.00 and set a “buy” rating on the stock in a research report on Tuesday, February 17th. Royal Bank Of Canada cut their target price on HealthEquity from $110.00 to $100.00 and set an “outperform” rating for the company in a research note on Wednesday, March 18th. Deutsche Bank Aktiengesellschaft raised their target price on HealthEquity from $120.00 to $128.00 and gave the stock a “buy” rating in a research report on Thursday, March 19th. Finally, The Goldman Sachs Group downgraded shares of HealthEquity from a “neutral” rating to a “sell” rating and set a $89.00 price target on the stock. in a research note on Friday, January 9th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $110.36.

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.