Simplify Asset Management Inc. Has $2.50 Million Stake in HealthEquity, Inc. $HQY

Simplify Asset Management Inc. increased its position in HealthEquity, Inc. (NASDAQ:HQY) by 72.9% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 27,329 shares of the company’s stock after purchasing an additional 11,524 shares during the period. Simplify Asset Management Inc.’s holdings in HealthEquity were worth $2,504,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Torren Management LLC acquired a new position in HealthEquity in the 4th quarter worth approximately $40,000. AlphaQuest LLC boosted its stake in 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 boosted its stake in 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 boosted its stake in 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, Beck Bode LLC acquired a new position in HealthEquity in the 4th quarter worth approximately $68,000. Institutional investors and hedge funds own 99.55% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. Royal Bank Of Canada decreased their price objective on shares of HealthEquity from $110.00 to $100.00 and set an “outperform” rating for the company in a research note on Wednesday, March 18th. Wall Street Zen lowered shares of HealthEquity from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. BTIG Research decreased their target price on shares of HealthEquity from $130.00 to $110.00 and set a “buy” rating for the company in a research note on Tuesday, February 17th. Raymond James Financial set a $100.00 price objective on shares of HealthEquity in a research note on Tuesday, February 17th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of HealthEquity from $129.00 to $123.00 and set an “overweight” rating for the company in a research note on Wednesday, March 18th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $111.79.

HealthEquity Price Performance

HQY stock opened at $88.11 on Monday. The firm has a market cap of $7.39 billion, a PE ratio of 35.82, a PEG ratio of 1.60 and a beta of 0.19. HealthEquity, Inc. has a 1 year low of $72.76 and a 1 year high of $116.65. The company has a current ratio of 3.27, a quick ratio of 3.27 and a debt-to-equity ratio of 0.45. The company has a fifty day simple moving average of $82.48 and a 200 day simple moving average of $86.92.

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