Wellington Management Group LLP Increases Stock Holdings in HealthEquity, Inc. $HQY

Key Points

• Wellington Management Group LLP increased its stake in HealthEquity, Inc. by 24.9% during the first quarter, owning approximately 0.98% of the company, valued at about $75 million as of the latest filing.
• In the past ninety days, insider transactions included the sale of 291,744 shares of HealthEquity stock, totaling over $32.7 million, with significant sales by director Jon Kessler and EVP Michael Henry Fiore.
• Multiple research firms have raised their price targets for HealthEquity stock, with ratings indicating a consensus of "Buy" and an average price target of $118.55 after recent earnings reports.

Wellington Management Group LLP increased its holdings in HealthEquity, Inc. (NASDAQ:HQY - Free Report) by 24.9% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 848,940 shares of the company's stock after acquiring an additional 169,337 shares during the quarter. Wellington Management Group LLP owned about 0.98% of HealthEquity worth $75,021,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Hancock Whitney Corp lifted its stake in HealthEquity by 1.0% in the fourth quarter. Hancock Whitney Corp now owns 13,326 shares of the company's stock worth $1,279,000 after acquiring an additional 133 shares during the period. Xponance Inc. raised its holdings in HealthEquity by 1.1% in the first quarter. Xponance Inc. now owns 12,412 shares of the company's stock worth $1,097,000 after purchasing an additional 136 shares in the last quarter. Fifth Third Bancorp raised its holdings in HealthEquity by 17.5% in the first quarter. Fifth Third Bancorp now owns 955 shares of the company's stock worth $84,000 after purchasing an additional 142 shares in the last quarter. Greenleaf Trust raised its holdings in HealthEquity by 7.8% in the first quarter. Greenleaf Trust now owns 2,407 shares of the company's stock worth $213,000 after purchasing an additional 175 shares in the last quarter. Finally, State of Alaska Department of Revenue raised its holdings in HealthEquity by 1.8% in the first quarter. State of Alaska Department of Revenue now owns 10,136 shares of the company's stock worth $895,000 after purchasing an additional 180 shares in the last quarter. Hedge funds and other institutional investors own 99.55% of the company's stock.

Insider Buying and Selling

In related news, Director Jon Kessler sold 97,767 shares of HealthEquity stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $112.05, for a total value of $10,954,792.35. Following the completion of the sale, the director directly owned 75,000 shares in the company, valued at approximately $8,403,750. This trade represents a 56.59% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Michael Henry Fiore sold 1,794 shares of HealthEquity stock in a transaction dated Monday, July 7th. The stock was sold at an average price of $101.73, for a total value of $182,503.62. Following the completion of the sale, the executive vice president owned 53,225 shares of the company's stock, valued at $5,414,579.25. The trade was a 3.26% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 291,744 shares of company stock worth $32,705,007. 1.50% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research firms have issued reports on HQY. JMP Securities increased their price objective on HealthEquity from $110.00 to $117.00 and gave the stock a "market outperform" rating in a report on Wednesday, June 4th. Royal Bank Of Canada increased their price objective on HealthEquity from $112.00 to $117.00 and gave the stock an "outperform" rating in a report on Wednesday, June 4th. Barrington Research increased their price objective on HealthEquity from $112.00 to $125.00 and gave the stock an "outperform" rating in a report on Thursday, June 5th. Deutsche Bank Aktiengesellschaft increased their price objective on HealthEquity from $98.00 to $115.00 and gave the stock a "buy" rating in a report on Thursday, June 5th. Finally, Raymond James Financial reiterated 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. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Buy" and an average price target of $118.55.

HealthEquity Price Performance

Shares of NASDAQ:HQY opened at $89.82 on Friday. HealthEquity, Inc. has a 1-year low of $73.84 and a 1-year high of $116.65. The company has a debt-to-equity ratio of 0.50, a current ratio of 4.06 and a quick ratio of 4.06. The business has a fifty day moving average price of $96.78 and a 200-day moving average price of $96.64. The company has a market capitalization of $7.77 billion, a PE ratio of 65.56, a PEG ratio of 1.41 and a beta of 0.54.

HealthEquity (NASDAQ:HQY - Get Free Report) last issued its quarterly earnings results on Tuesday, June 3rd. The company reported $0.97 earnings per share for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $322.25 million. During the same period last year, the company earned $0.80 earnings per share. HealthEquity has set its FY 2026 guidance at 3.610-3.78 EPS. As a group, equities analysts expect that HealthEquity, Inc. will post 2.32 EPS for the current fiscal year.

HealthEquity 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.

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