iA Global Asset Management Inc. Invests $6.31 Million in HealthEquity, Inc. $HQY

iA Global Asset Management Inc. bought a new position in HealthEquity, Inc. (NASDAQ:HQY) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 68,830 shares of the company’s stock, valued at approximately $6,306,000.

A number of other hedge funds also recently modified their holdings of HQY. Torren Management LLC bought a new stake in shares of HealthEquity in the 4th quarter worth approximately $40,000. AlphaQuest LLC raised its holdings in shares of HealthEquity by 52.2% in the 3rd quarter. AlphaQuest LLC now owns 624 shares of the company’s stock worth $59,000 after purchasing an additional 214 shares during the period. Larson Financial Group LLC raised its holdings in shares of HealthEquity by 24.4% in the 3rd quarter. Larson Financial Group LLC now owns 628 shares of the company’s stock worth $60,000 after purchasing an additional 123 shares during the period. Allworth Financial LP raised its holdings in shares of HealthEquity by 88.3% in the 4th quarter. Allworth Financial LP now owns 706 shares of the company’s stock worth $65,000 after purchasing an additional 331 shares during the period. Finally, IFP Advisors Inc raised its holdings in shares of HealthEquity by 1,602.3% in the 3rd quarter. IFP Advisors Inc now owns 749 shares of the company’s stock worth $75,000 after purchasing an additional 705 shares during the period. Institutional investors own 99.55% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on HQY shares. UBS Group set a $110.00 price target on shares of HealthEquity in a report on Tuesday, February 17th. Barrington Research lowered their price target on shares of HealthEquity from $125.00 to $110.00 and set an “outperform” rating on the stock in a report on Wednesday, March 18th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of 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 lowered their target price on shares of HealthEquity from $110.00 to $100.00 and set an “outperform” rating on the stock in a report on Wednesday, March 18th. Finally, BMO Capital Markets raised shares of HealthEquity from a “market perform” rating to an “outperform” rating and boosted their target price for the company from $85.00 to $105.00 in a report on Thursday, April 9th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $111.79.

HealthEquity Stock Performance

Shares of HQY stock opened at $82.17 on Monday. The company’s fifty day simple moving average is $81.79 and its two-hundred day simple moving average is $87.22. The company has a debt-to-equity ratio of 0.45, a current ratio of 3.27 and a quick ratio of 3.27. HealthEquity, Inc. has a 1 year low of $72.76 and a 1 year high of $116.65. The stock has a market capitalization of $6.89 billion, a price-to-earnings ratio of 33.40, a PEG ratio of 1.49 and a beta of 0.19.

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

About HealthEquity

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.