Inspirion Wealth Advisors LLC Cuts Stake in HealthEquity, Inc. $HQY

Inspirion Wealth Advisors LLC cut its holdings in shares of HealthEquity, Inc. (NASDAQ:HQY) by 13.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 65,000 shares of the company’s stock after selling 10,005 shares during the period. HealthEquity accounts for approximately 0.7% of Inspirion Wealth Advisors LLC’s investment portfolio, making the stock its 23rd biggest holding. Inspirion Wealth Advisors LLC owned about 0.08% of HealthEquity worth $5,955,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in HQY. Xponance Inc. grew its stake in HealthEquity by 0.8% during the 3rd quarter. Xponance Inc. now owns 12,265 shares of the company’s stock worth $1,162,000 after buying an additional 102 shares during the last quarter. Advisors Asset Management Inc. raised its stake in HealthEquity by 4.7% in the second quarter. Advisors Asset Management Inc. now owns 2,437 shares of the company’s stock valued at $255,000 after buying an additional 110 shares during the last quarter. Fiduciary Trust Co raised its stake in HealthEquity by 3.4% in the third quarter. Fiduciary Trust Co now owns 3,669 shares of the company’s stock valued at $348,000 after buying an additional 120 shares during the last quarter. Larson Financial Group LLC boosted its holdings in 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, Coldstream Capital Management Inc. boosted its holdings in HealthEquity by 7.3% in the second quarter. Coldstream Capital Management Inc. now owns 2,027 shares of the company’s stock worth $212,000 after acquiring an additional 138 shares in the last quarter. Hedge funds and other institutional investors own 99.55% of the company’s stock.

HealthEquity Stock Down 0.2%

Shares of HQY stock opened at $80.96 on Monday. HealthEquity, Inc. has a fifty-two week low of $72.76 and a fifty-two week high of $116.65. The firm has a market capitalization of $6.84 billion, a PE ratio of 32.91, a P/E/G ratio of 1.48 and a beta of 0.26. The company has a debt-to-equity ratio of 0.45, a quick ratio of 3.27 and a current ratio of 3.27. The stock’s 50-day simple moving average is $80.32 and its 200-day simple moving average is $90.05.

HealthEquity (NASDAQ:HQY) last released its earnings results on Tuesday, March 17th. The company reported $0.95 EPS for the quarter, topping analysts’ consensus estimates of $0.90 by $0.05. The firm had revenue of $334.59 million during the quarter, compared to the consensus estimate of $332.48 million. HealthEquity had a return on equity of 13.86% and a net margin of 16.39%.The company’s revenue for the quarter was up 7.3% compared to the same quarter last year. Equities analysts expect that HealthEquity, Inc. will post 2.32 earnings per share for the current year.

Analysts Set New Price Targets

HQY has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft upped their price objective on shares of HealthEquity from $120.00 to $128.00 and gave the company a “buy” rating in a report on Thursday. The Goldman Sachs Group cut shares of HealthEquity from a “neutral” rating to a “sell” rating and set a $89.00 target price for the company. in a research note on Friday, January 9th. Citizens Jmp set a $122.00 target price on shares of HealthEquity in a research report on Thursday, December 4th. Barrington Research cut their price target on shares of HealthEquity from $125.00 to $110.00 and set an “outperform” rating on the stock in a research note on Wednesday, March 18th. Finally, Raymond James Financial set a $100.00 price target on shares of HealthEquity in a report on Tuesday, February 17th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, HealthEquity presently has an average rating of “Moderate Buy” and an average price target of $110.36.

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.