Quantinno Capital Management LP Raises Stock Position in HealthEquity, Inc. $HQY

Quantinno Capital Management LP grew its holdings in shares of HealthEquity, Inc. (NASDAQ:HQY) by 230.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 44,162 shares of the company’s stock after buying an additional 30,797 shares during the quarter. Quantinno Capital Management LP’s holdings in HealthEquity were worth $3,691,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Fifth Third Wealth Advisors LLC boosted its position in shares of HealthEquity by 4.2% during the 1st quarter. Fifth Third Wealth Advisors LLC now owns 2,872 shares of the company’s stock valued at $240,000 after acquiring an additional 116 shares during the last quarter. Truist Financial Corp lifted its holdings in HealthEquity by 4.9% in the fourth quarter. Truist Financial Corp now owns 2,537 shares of the company’s stock valued at $232,000 after acquiring an additional 119 shares during the last quarter. Fiduciary Trust Co grew its position in HealthEquity by 3.4% in the third quarter. Fiduciary Trust Co now owns 3,669 shares of the company’s stock worth $348,000 after acquiring an additional 120 shares during the period. Larson Financial Group LLC increased its stake in HealthEquity by 24.4% during the third quarter. Larson Financial Group LLC now owns 628 shares of the company’s stock worth $60,000 after acquiring an additional 123 shares during the last quarter. Finally, Merit Financial Group LLC increased its stake in HealthEquity by 8.9% during the third quarter. Merit Financial Group LLC now owns 2,112 shares of the company’s stock worth $200,000 after acquiring an additional 172 shares during the last quarter. Institutional investors own 99.55% of the company’s stock.

HealthEquity Stock Up 1.2%

Shares of NASDAQ HQY opened at $104.63 on Friday. The stock has a market cap of $8.75 billion, a P/E ratio of 39.19, a PEG ratio of 1.74 and a beta of 0.21. The business’s fifty day simple moving average is $93.37 and its 200-day simple moving average is $85.79. HealthEquity, Inc. has a 12-month low of $72.76 and a 12-month high of $106.42. The company has a current ratio of 3.44, a quick ratio of 3.44 and a debt-to-equity ratio of 0.46.

HealthEquity (NASDAQ:HQY) last released its earnings results on Thursday, May 28th. The company reported $1.24 EPS for the quarter, topping the consensus estimate of $1.11 by $0.13. HealthEquity had a return on equity of 14.75% and a net margin of 17.25%.The firm had revenue of $354.64 million during the quarter, compared to analysts’ expectations of $352.02 million. HealthEquity’s revenue was up 7.2% compared to the same quarter last year. HealthEquity has set its FY 2027 guidance at 2.880-2.950 EPS. As a group, equities analysts predict that HealthEquity, Inc. will post 3.92 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have commented on HQY. KeyCorp restated an “overweight” rating on shares of HealthEquity in a research report on Tuesday, May 26th. Citizens Jmp boosted their price objective on shares of HealthEquity from $110.00 to $111.00 and gave the company a “market outperform” rating in a report on Monday, June 1st. Wall Street Zen cut shares of HealthEquity from a “buy” rating to a “hold” rating in a research report on Saturday. Royal Bank Of Canada lifted their price target on shares of HealthEquity from $100.00 to $108.00 and gave the company an “outperform” rating in a research report on Wednesday, June 3rd. Finally, Citigroup reiterated a “market outperform” rating on shares of HealthEquity in a research report on Monday, June 1st. Eleven research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $110.93.

Insider Transactions at HealthEquity

In related news, EVP Delano Ladd sold 7,500 shares of the company’s stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $90.00, for a total transaction of $675,000.00. Following the sale, the executive vice president directly owned 91,141 shares in the company, valued at approximately $8,202,690. This represents a 7.60% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Michael Henry Fiore sold 3,142 shares of the firm’s stock in a transaction that occurred on Friday, May 29th. The shares were sold at an average price of $95.00, for a total transaction of $298,490.00. Following the completion of the sale, the executive vice president directly owned 59,113 shares in the company, valued at approximately $5,615,735. This trade represents a 5.05% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 17,905 shares of company stock valued at $1,651,280. 1.60% of the stock is currently owned by corporate insiders.

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.