Tectonic Advisors LLC Purchases 9,630 Shares of HealthEquity, Inc. $HQY

Key Points

• Tectonic Advisors increased its HealthEquity stake by 9.6% in the third quarter, purchasing 9,630 shares and bringing its holdings to 109,953 shares valued at approximately $9.7 million. Institutional investors collectively own 99.55% of the company.
• HealthEquity reported quarterly EPS of $1.24, exceeding estimates by $0.05, while revenue reached $350.73 million, up 95.5% year over year. Shares recently traded at $103.97, near their 52-week high of $107.62.
• Analyst sentiment remains favorable, with a consensus rating of “Moderate Buy” and an average price target of $113.53; several firms maintain buy or outperform ratings, though one analyst rates the stock a sell.

Tectonic Advisors LLC grew its position in HealthEquity, Inc. (NASDAQ:HQY - Free Report) by 9.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 109,953 shares of the company's stock after purchasing an additional 9,630 shares during the period. Tectonic Advisors LLC owned about 0.13% of HealthEquity worth $9,726,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Root Financial Partners LLC purchased a new position in HealthEquity during the third quarter worth about $58,000. Integrated Advisors Network LLC bought a new stake in HealthEquity in the 3rd quarter worth about $323,000. Abel Hall LLC grew its position in HealthEquity by 3.8% in the 3rd quarter. Abel Hall LLC now owns 6,736 shares of the company's stock worth $596,000 after purchasing an additional 247 shares in the last quarter. Counterpoint Mutual Funds LLC purchased a new stake in HealthEquity in the 3rd quarter valued at about $604,000. Finally, Assenagon Asset Management S.A. increased its stake in HealthEquity by 54.5% in the 3rd quarter. Assenagon Asset Management S.A. now owns 32,776 shares of the company's stock valued at $2,899,000 after buying an additional 11,561 shares during the last quarter. Hedge funds and other institutional investors own 99.55% of the company's stock.

HealthEquity Stock Performance

Shares of HQY stock traded up $3.00 on Friday, hitting $103.97. 1,020,236 shares of the stock were exchanged, compared to its average volume of 844,142. The firm's 50 day moving average is $95.36 and its two-hundred day moving average is $91.92. HealthEquity, Inc. has a one year low of $72.76 and a one year high of $107.62. The firm has a market capitalization of $8.60 billion, a PE ratio of 37.53, a P/E/G ratio of 1.59 and a beta of 0.24. The company has a current ratio of 2.99, a quick ratio of 2.99 and a debt-to-equity ratio of 0.47.

HealthEquity (NASDAQ:HQY - Get Free Report) last posted its quarterly earnings results on Thursday, August 27th. The company reported $1.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.19 by $0.05. The company had revenue of $350.73 million for the quarter, compared to analyst estimates of $349.22 million. HealthEquity had a net margin of 17.36% and a return on equity of 15.33%. The company's revenue for the quarter was up 95.5% on a year-over-year basis. HealthEquity has set its FY 2027 guidance at 4.660-4.730 EPS. Sell-side analysts expect that HealthEquity, Inc. will post 3.93 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have commented on HQY. BTIG Research reissued a "buy" rating and set a $115.00 target price on shares of HealthEquity in a research report on Friday, August 28th. Citigroup reaffirmed a "market outperform" rating on shares of HealthEquity in a report on Friday, August 28th. Wall Street Zen raised HealthEquity from a "hold" rating to a "buy" rating in a research report on Saturday, October 10th. Telsey Advisory Group set a $111.00 price target on HealthEquity in a report on Friday, August 28th. Finally, Barclays boosted their price objective on HealthEquity from $110.00 to $115.00 and gave the stock an "overweight" rating in a research report on Friday, September 18th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $113.53.

Insider Transactions at HealthEquity

In other HealthEquity news, Director Adrian Dillon sold 7,632 shares of the stock in a transaction on Tuesday, August 25th. The stock was sold at an average price of $104.61, for a total transaction of $798,383.52. Following the sale, the director owned 62,395 shares in the company, valued at $6,527,140.95. This represents a 10.90% 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. 1.60% of the stock is owned by insiders.

HealthEquity Company Profile

HealthEquity, Inc provides technology-enabled benefits administration and financial services that help employers and individuals manage tax-advantaged healthcare accounts. The company's offerings include health savings accounts (HSAs), flexible spending accounts (FSAs), health reimbursement arrangements (HRAs), and other consumer-directed benefits.

In addition to account administration, HealthEquity provides payment cards, investment options for eligible account holders, employee engagement tools, and digital platforms for managing healthcare benefits.

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