HealthEquity, Inc. $HQY Shares Acquired by GW&K Investment Management LLC

GW&K Investment Management LLC boosted its stake in HealthEquity, Inc. (NASDAQ:HQY) by 3.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 462,891 shares of the company’s stock after acquiring an additional 15,898 shares during the quarter. GW&K Investment Management LLC’s holdings in HealthEquity were worth $42,406,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of HQY. Torren Management LLC purchased a new position in shares of HealthEquity in the fourth quarter valued at $40,000. Northwestern Mutual Wealth Management Co. boosted its position in HealthEquity by 190.4% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 604 shares of the company’s stock valued at $55,000 after buying an additional 396 shares during the last quarter. AlphaQuest LLC increased its position in shares of HealthEquity by 52.2% during the third quarter. AlphaQuest LLC now owns 624 shares of the company’s stock worth $59,000 after acquiring an additional 214 shares during the last quarter. Larson Financial Group LLC lifted its stake in shares of HealthEquity by 24.4% in 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 in the last quarter. Finally, Allworth Financial LP grew its stake in HealthEquity by 88.3% during the 4th quarter. Allworth Financial LP now owns 706 shares of the company’s stock valued at $65,000 after purchasing an additional 331 shares in the last quarter. Institutional investors and hedge funds own 99.55% of the company’s stock.

Insider Buying and Selling at HealthEquity

In other news, Director Gayle Furgurson Wellborn sold 2,439 shares of the stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $90.00, for a total value of $219,510.00. Following the completion of the transaction, the director directly owned 19,733 shares in the company, valued at $1,775,970. This trade represents a 11.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 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 transaction, the executive vice president owned 59,113 shares in the company, valued at $5,615,735. This represents a 5.05% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 13,081 shares of company stock valued at $1,193,000. Company insiders own 1.60% of the company’s stock.

Analysts Set New Price Targets

HQY has been the topic of a number of recent analyst reports. Wells Fargo & Company set a $111.00 target price on HealthEquity in a research report on Monday, June 1st. Wall Street Zen upgraded shares of HealthEquity from a “hold” rating to a “buy” rating in a research note on Saturday. Royal Bank Of Canada boosted their target price on shares of HealthEquity from $100.00 to $108.00 and gave the stock an “outperform” rating in a research report on Wednesday, June 3rd. Citigroup reiterated a “market outperform” rating on shares of HealthEquity in a research note on Monday, June 1st. Finally, KeyCorp reiterated an “overweight” rating on shares of HealthEquity in a research report on Tuesday, May 26th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $110.57.

HealthEquity Stock Performance

Shares of HQY stock opened at $89.23 on Wednesday. HealthEquity, Inc. has a 12-month low of $72.76 and a 12-month high of $111.44. The company has a debt-to-equity ratio of 0.46, a current ratio of 3.44 and a quick ratio of 3.44. The firm has a market capitalization of $7.46 billion, a price-to-earnings ratio of 33.42, a price-to-earnings-growth ratio of 1.48 and a beta of 0.21. The business has a 50 day simple moving average of $84.27 and a 200 day simple moving average of $86.03.

HealthEquity (NASDAQ:HQY) last announced its quarterly earnings results on Thursday, May 28th. The company reported $1.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.11 by $0.13. HealthEquity had a return on equity of 14.75% and a net margin of 17.25%.The company had revenue of $354.64 million during the quarter, compared to analyst estimates of $352.02 million. The company’s revenue for the quarter was up 7.2% compared to the same quarter last year. HealthEquity has set its FY 2027 guidance at 2.880-2.950 EPS. On average, equities research analysts anticipate that HealthEquity, Inc. will post 3.92 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.