Three Seasons Wealth LLC Raises Position in HealthEquity, Inc. $HQY

Three Seasons Wealth LLC boosted its holdings in HealthEquity, Inc. (NASDAQ:HQY) by 116.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 11,966 shares of the company’s stock after purchasing an additional 6,445 shares during the period. Three Seasons Wealth LLC’s holdings in HealthEquity were worth $1,000,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Sanctuary Advisors LLC lifted its stake in shares of HealthEquity by 27.2% in the 1st quarter. Sanctuary Advisors LLC now owns 6,325 shares of the company’s stock valued at $529,000 after acquiring an additional 1,351 shares during the last quarter. State of Michigan Retirement System grew its position in HealthEquity by 1.0% during the 1st quarter. State of Michigan Retirement System now owns 20,522 shares of the company’s stock worth $1,715,000 after acquiring an additional 200 shares during the last quarter. Principal Financial Group Inc. grew its position in HealthEquity by 9.6% during the 1st quarter. Principal Financial Group Inc. now owns 304,049 shares of the company’s stock worth $25,409,000 after acquiring an additional 26,632 shares during the last quarter. International Assets Investment Management LLC increased its stake in HealthEquity by 18,333.3% in the 1st quarter. International Assets Investment Management LLC now owns 553 shares of the company’s stock worth $46,000 after purchasing an additional 550 shares during the period. Finally, Citizens Financial Group Inc. RI purchased a new position in HealthEquity in the 1st quarter worth approximately $374,000. 99.55% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at HealthEquity

In related news, Director Gayle Furgurson Wellborn sold 2,439 shares of HealthEquity stock in a transaction 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 sale, the director owned 19,733 shares in the company, valued at $1,775,970. The trade was a 11.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Michael Henry Fiore sold 2,354 shares of the company’s stock in a transaction on Friday, July 10th. The stock was sold at an average price of $95.00, for a total transaction of $223,630.00. Following the completion of the transaction, the executive vice president owned 52,244 shares of the company’s stock, valued at $4,963,180. This trade represents a 4.31% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 17,905 shares of company stock worth $1,651,280 over the last quarter. Corporate insiders own 1.60% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on HQY. Citizens Jmp increased their price objective on HealthEquity from $110.00 to $111.00 and gave the company a “market outperform” rating in a research note on Monday, June 1st. JPMorgan Chase & Co. decreased their target price on shares of HealthEquity from $129.00 to $123.00 and set an “overweight” rating on the stock in a research note on Wednesday, March 18th. Weiss Ratings upgraded shares of HealthEquity from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, June 5th. Citigroup reissued a “market outperform” rating on shares of HealthEquity in a research report on Monday, June 1st. Finally, Wells Fargo & Company set a $111.00 price target on shares of HealthEquity in a report on Monday, June 1st. Eleven research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $110.57.

HealthEquity Trading Up 0.6%

NASDAQ HQY opened at $95.07 on Thursday. HealthEquity, Inc. has a fifty-two week low of $72.76 and a fifty-two week high of $105.96. The company has a debt-to-equity ratio of 0.46, a quick ratio of 3.44 and a current ratio of 3.44. The stock has a 50 day simple moving average of $88.21 and a two-hundred day simple moving average of $84.66. The stock has a market cap of $7.95 billion, a P/E ratio of 35.61, a price-to-earnings-growth ratio of 1.59 and a beta of 0.21.

HealthEquity (NASDAQ:HQY) last issued its quarterly earnings data on Thursday, May 28th. The company reported $1.24 earnings per share 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 firm had revenue of $354.64 million for the quarter, compared to analyst estimates of $352.02 million. HealthEquity’s quarterly revenue was up 7.2% on a year-over-year basis. HealthEquity has set its FY 2027 guidance at 2.880-2.950 EPS. On average, analysts forecast that HealthEquity, Inc. will post 3.92 earnings per share 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.