Assenagon Asset Management S.A. Makes New $981,000 Investment in HealthEquity, Inc. $HQY

Assenagon Asset Management S.A. bought a new stake in HealthEquity, Inc. (NASDAQ:HQY) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor bought 10,710 shares of the company’s stock, valued at approximately $981,000.

Other hedge funds have also bought and sold shares of the company. True Wealth Design LLC raised its stake in HealthEquity by 3,522.2% in the third quarter. True Wealth Design LLC now owns 326 shares of the company’s stock valued at $31,000 after buying an additional 317 shares during the period. Farther Finance Advisors LLC increased its holdings 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 acquiring an additional 146 shares during the last quarter. AlphaQuest LLC raised its stake in HealthEquity by 52.2% in the 3rd quarter. AlphaQuest LLC now owns 624 shares of the company’s stock valued at $59,000 after acquiring an additional 214 shares during the period. Larson Financial Group LLC raised its stake in HealthEquity by 24.4% in the 3rd quarter. Larson Financial Group LLC now owns 628 shares of the company’s stock valued at $60,000 after acquiring an additional 123 shares during the period. Finally, IFP Advisors Inc lifted its holdings in HealthEquity by 1,602.3% during the 3rd quarter. IFP Advisors Inc now owns 749 shares of the company’s stock valued at $75,000 after purchasing an additional 705 shares during the last quarter. 99.55% of the stock is currently owned by institutional investors and hedge funds.

HealthEquity Price Performance

HealthEquity stock opened at $83.57 on Wednesday. The firm has a market cap of $7.06 billion, a PE ratio of 33.97, a price-to-earnings-growth ratio of 1.48 and a beta of 0.26. The company has a debt-to-equity ratio of 0.45, a current ratio of 3.27 and a quick ratio of 3.27. The stock’s fifty day moving average price is $79.95 and its two-hundred day moving average price is $89.52. HealthEquity, Inc. has a one year low of $72.76 and a one year high of $116.65.

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

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Barclays cut their target price on shares of HealthEquity from $118.00 to $110.00 and set an “overweight” rating for the company in a research note on Wednesday, February 18th. KeyCorp raised their price objective on shares of HealthEquity from $120.00 to $125.00 and gave the stock an “overweight” rating in a research report on Thursday, January 8th. Wall Street Zen cut HealthEquity from a “buy” rating to a “hold” rating in a report on Saturday. BMO Capital Markets reissued a “market perform” rating on shares of HealthEquity in a report on Wednesday, March 18th. Finally, Citizens Jmp set a $122.00 price objective on HealthEquity in a research report on Thursday, December 4th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, HealthEquity has a consensus rating of “Moderate Buy” and a consensus price target of $110.36.

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.