Next Century Growth Investors LLC Buys 22,747 Shares of HealthEquity, Inc. $HQY

Key Points

• Next Century Growth Investors LLC increased its shareholding in HealthEquity, Inc. by 30.1%, acquiring an additional 22,747 shares, bringing its total to 98,268 shares worth $8.68 million.
• Multiple analysts have raised their price targets for HealthEquity, with Barrington Research setting a new target of $125.00 and a majority rating the stock as a Buy.
• HealthEquity recently reported an EPS of $0.97 for the quarter, exceeding the expected $0.81, highlighting a year of robust financial performance amid increased institutional investment.

Next Century Growth Investors LLC increased its position in HealthEquity, Inc. (NASDAQ:HQY - Free Report) by 30.1% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 98,268 shares of the company's stock after buying an additional 22,747 shares during the quarter. Next Century Growth Investors LLC owned 0.11% of HealthEquity worth $8,684,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Versant Capital Management Inc purchased a new position in HealthEquity during the first quarter valued at $28,000. Northwestern Mutual Wealth Management Co. grew its position in shares of HealthEquity by 176.4% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 655 shares of the company's stock worth $58,000 after purchasing an additional 418 shares in the last quarter. Larson Financial Group LLC grew its holdings in HealthEquity by 1,366.0% during the 1st quarter. Larson Financial Group LLC now owns 689 shares of the company's stock valued at $61,000 after buying an additional 642 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S bought a new stake in shares of HealthEquity in the 1st quarter valued at approximately $65,000. Finally, Whipplewood Advisors LLC lifted its stake in shares of HealthEquity by 5,060.0% during the 1st quarter. Whipplewood Advisors LLC now owns 774 shares of the company's stock worth $68,000 after acquiring an additional 759 shares during the last quarter. 99.55% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. Barrington Research boosted their target price on HealthEquity from $112.00 to $125.00 and gave the stock an "outperform" rating in a research note on Thursday, June 5th. Raymond James Financial reissued a "strong-buy" rating and issued a $120.00 price objective (up previously from $115.00) on shares of HealthEquity in a report on Tuesday, July 8th. Royal Bank Of Canada boosted their price objective on HealthEquity from $112.00 to $117.00 and gave the stock an "outperform" rating in a research note on Wednesday, June 4th. JMP Securities boosted their price objective on HealthEquity from $110.00 to $117.00 and gave the stock a "market outperform" rating in a research note on Wednesday, June 4th. Finally, Wall Street Zen upgraded HealthEquity from a "hold" rating to a "buy" rating in a research note on Friday, June 6th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, HealthEquity currently has an average rating of "Buy" and a consensus target price of $118.55.

HealthEquity Trading Down 1.5%

HQY opened at $87.98 on Thursday. HealthEquity, Inc. has a one year low of $73.84 and a one year high of $116.65. The stock has a market capitalization of $7.61 billion, a PE ratio of 64.22, a P/E/G ratio of 1.38 and a beta of 0.54. The business's 50 day moving average price is $96.01 and its 200 day moving average price is $96.15. The company has a debt-to-equity ratio of 0.50, a quick ratio of 4.06 and a current ratio of 4.06.

HealthEquity (NASDAQ:HQY - Get Free Report) last released its quarterly earnings data on Tuesday, June 3rd. The company reported $0.97 EPS for the quarter, beating analysts' consensus estimates of $0.81 by $0.16. HealthEquity had a return on equity of 11.01% and a net margin of 9.80%.The firm had revenue of $330.80 million for the quarter, compared to analysts' expectations of $322.25 million. During the same period in the prior year, the firm posted $0.80 earnings per share. HealthEquity has set its FY 2026 guidance at 3.610-3.78 EPS. As a group, equities research analysts expect that HealthEquity, Inc. will post 2.32 EPS for the current year.

Insiders Place Their Bets

In other news, EVP Michael Henry Fiore sold 1,794 shares of the stock in a transaction on Monday, July 7th. The stock was sold at an average price of $101.73, for a total value of $182,503.62. Following the sale, the executive vice president directly owned 53,225 shares in the company, valued at approximately $5,414,579.25. This trade represents a 3.26% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Elimelech Rosner sold 58,000 shares of the stock in a transaction on Friday, June 6th. The shares were sold at an average price of $112.56, for a total value of $6,528,480.00. Following the completion of the sale, the executive vice president owned 75,689 shares in the company, valued at approximately $8,519,553.84. The trade was a 43.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 291,744 shares of company stock worth $32,705,007 over the last ninety days. Corporate insiders own 1.50% of the company's stock.

HealthEquity Company Profile

HealthEquity, Inc provides technology-enabled services platforms to consumers and employers in the United States. The company offers cloud-based platforms for individuals to make health saving and spending decisions, pay healthcare bills, receive personalized benefit information, earn wellness incentives, grow their savings, and make investment choices; and health savings accounts.

Want to see what other hedge funds are holding HQY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for HealthEquity, Inc. (NASDAQ:HQY - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.