68,830 Shares in HealthEquity, Inc. $HQY Acquired by iA Global Asset Management Inc.

iA Global Asset Management Inc. purchased a new position in HealthEquity, Inc. (NASDAQ:HQY) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 68,830 shares of the company’s stock, valued at approximately $6,306,000. iA Global Asset Management Inc. owned approximately 0.08% of HealthEquity as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also added to or reduced their stakes in HQY. Sivia Capital Partners LLC bought a new position in HealthEquity in the second quarter worth approximately $306,000. Arrowstreet Capital Limited Partnership bought a new position in HealthEquity in the second quarter worth approximately $4,747,000. Marshall Wace LLP bought a new position in HealthEquity in the second quarter worth approximately $5,483,000. Amundi boosted its holdings in HealthEquity by 9.3% in the second quarter. Amundi now owns 30,203 shares of the company’s stock worth $3,059,000 after acquiring an additional 2,574 shares in the last quarter. Finally, Jump Financial LLC bought a new position in HealthEquity in the second quarter worth approximately $449,000. Institutional investors own 99.55% of the company’s stock.

Analyst Ratings Changes

HQY has been the topic of several recent research reports. Deutsche Bank Aktiengesellschaft increased their price target on HealthEquity from $120.00 to $128.00 and gave the stock a “buy” rating in a report on Thursday, March 19th. Royal Bank Of Canada cut their price target on HealthEquity from $110.00 to $100.00 and set an “outperform” rating for the company in a research note on Wednesday, March 18th. Jefferies Financial Group set a $108.00 price target on HealthEquity in a research note on Thursday, February 19th. Weiss Ratings reiterated a “hold (c+)” rating on shares of HealthEquity in a research note on Thursday, January 22nd. Finally, Barclays cut their price target on HealthEquity from $118.00 to $110.00 and set an “overweight” rating for the company in a research note on Wednesday, February 18th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $111.79.

HealthEquity Price Performance

Shares of NASDAQ HQY opened at $82.17 on Monday. HealthEquity, Inc. has a twelve month low of $72.76 and a twelve month high of $116.65. The stock’s 50 day moving average price is $81.79 and its 200-day moving average price is $87.22. The company has a market capitalization of $6.89 billion, a PE ratio of 33.40, a PEG ratio of 1.49 and a beta of 0.19. The company has a quick ratio of 3.27, a current ratio of 3.27 and a debt-to-equity ratio of 0.45.

HealthEquity (NASDAQ:HQY) last announced its earnings results on Tuesday, March 17th. The company reported $0.95 earnings per share for the quarter, topping analysts’ consensus estimates of $0.90 by $0.05. HealthEquity had a return on equity of 13.86% and a net margin of 16.39%.The firm had revenue of $334.59 million for the quarter, compared to the consensus estimate of $332.48 million. The business’s revenue was up 7.3% compared to the same quarter last year. On average, equities analysts anticipate that HealthEquity, Inc. will post 3.84 EPS for the current year.

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.