Radnor Capital Management LLC Increases Stake in HealthEquity, Inc. $HQY

Radnor Capital Management LLC lifted its stake in HealthEquity, Inc. (NASDAQ:HQY) by 130.2% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 14,366 shares of the company’s stock after purchasing an additional 8,126 shares during the quarter. Radnor Capital Management LLC’s holdings in HealthEquity were worth $1,268,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of HQY. Torren Management LLC purchased a new position in shares of HealthEquity in the 4th quarter valued at approximately $40,000. AlphaQuest LLC raised its position in shares of HealthEquity by 52.2% in the 3rd quarter. AlphaQuest LLC now owns 624 shares of the company’s stock valued at $59,000 after purchasing an additional 214 shares during the last quarter. Larson Financial Group LLC raised its position in shares of HealthEquity by 24.4% in the 3rd quarter. Larson Financial Group LLC now owns 628 shares of the company’s stock valued at $60,000 after purchasing an additional 123 shares during the last quarter. Allworth Financial LP raised its position in shares of HealthEquity by 88.3% in 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 during the last quarter. Finally, IFP Advisors Inc raised its position in shares of HealthEquity by 1,602.3% in the 3rd quarter. IFP Advisors Inc now owns 749 shares of the company’s stock valued at $75,000 after purchasing an additional 705 shares during the last quarter. 99.55% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

HQY has been the topic of several research reports. BTIG Research cut their price target on shares of HealthEquity from $130.00 to $110.00 and set a “buy” rating on the stock in a report on Tuesday, February 17th. Wall Street Zen downgraded shares of HealthEquity from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Weiss Ratings reiterated a “hold (c+)” rating on shares of HealthEquity in a report on Thursday, January 22nd. Barclays cut their price target on shares of HealthEquity from $118.00 to $110.00 and set an “overweight” rating on the stock in a report on Wednesday, February 18th. Finally, UBS Group set a $110.00 price target on shares of HealthEquity in a report on Tuesday, February 17th. 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 given a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $111.79.

HealthEquity Price Performance

Shares of NASDAQ:HQY opened at $83.04 on Tuesday. HealthEquity, Inc. has a twelve month low of $72.76 and a twelve month high of $116.65. The company’s 50 day moving average is $81.85 and its 200 day moving average is $87.13. 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 market cap of $6.96 billion, a PE ratio of 33.76, a price-to-earnings-growth ratio of 1.49 and a beta of 0.19.

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

HealthEquity 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.