King Luther Capital Management Corp Buys 15,180 Shares of HealthEquity, Inc. $HQY

King Luther Capital Management Corp increased its stake in shares of HealthEquity, Inc. (NASDAQ:HQY) by 18.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 95,764 shares of the company’s stock after acquiring an additional 15,180 shares during the quarter. King Luther Capital Management Corp owned approximately 0.11% of HealthEquity worth $8,773,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of HQY. Sivia Capital Partners LLC bought a new position in HealthEquity during the 2nd quarter worth approximately $306,000. Arrowstreet Capital Limited Partnership purchased a new stake in HealthEquity in the 2nd quarter worth approximately $4,747,000. Marshall Wace LLP purchased a new stake in HealthEquity in the 2nd quarter worth approximately $5,483,000. Amundi lifted its holdings in HealthEquity by 9.3% in the 2nd quarter. Amundi now owns 30,203 shares of the company’s stock worth $3,059,000 after buying an additional 2,574 shares during the period. Finally, Jump Financial LLC purchased a new stake in HealthEquity in the 2nd quarter worth approximately $449,000. 99.55% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. KeyCorp reiterated an “overweight” rating on shares of HealthEquity in a report on Tuesday. Barclays dropped their price objective on HealthEquity from $118.00 to $110.00 and set an “overweight” rating for the company in a report on Wednesday, February 18th. Deutsche Bank Aktiengesellschaft increased their price objective on HealthEquity from $120.00 to $128.00 and gave the stock a “buy” rating in a report on Thursday, March 19th. JPMorgan Chase & Co. dropped their price objective on HealthEquity from $129.00 to $123.00 and set an “overweight” rating for the company in a report on Wednesday, March 18th. Finally, BMO Capital Markets upgraded HealthEquity from a “market perform” rating to an “outperform” rating and increased their price objective for the stock from $85.00 to $105.00 in a report on Thursday, April 9th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $111.79.

HealthEquity Trading Down 0.8%

HQY opened at $86.56 on Thursday. The stock has a market cap of $7.26 billion, a PE ratio of 35.19, a PEG ratio of 1.59 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. The business has a 50 day moving average of $83.05 and a 200-day moving average of $86.78. HealthEquity, Inc. has a 52 week low of $72.76 and a 52 week high of $116.65.

HealthEquity (NASDAQ:HQY) last released its earnings results on Tuesday, March 17th. The company reported $0.95 EPS for the quarter, beating analysts’ consensus estimates of $0.90 by $0.05. The company had revenue of $334.59 million during the quarter, compared to analysts’ expectations of $332.48 million. HealthEquity had a return on equity of 13.86% and a net margin of 16.39%.The company’s revenue was up 7.3% on a year-over-year basis. Equities research analysts predict that HealthEquity, Inc. will post 3.84 earnings per share for the current fiscal 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.