Wasatch Advisors Adds $54M in HealthEquity, Inc. ($HQY)
Key Points
- Wasatch Advisors changed its HealthEquity, Inc. ($HQY) stake by 9.3% last quarter, boosting to 7,202,934 shares worth $636.31 million.
- Wall Street's consensus rating on $HQY is Buy and an average price target of $115.56.
- $HQY last traded around $88.34.
Wasatch Advisors increased its position in HealthEquity, Inc. ($HQY) by 9.3% during the most recent quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,202,934 shares of HealthEquity, Inc. after buying 613,288 shares during the quarter. Wasatch Advisors's holdings in HealthEquity, Inc. were worth $636.31 million as of its most recent filing.
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About HealthEquity, Inc.
HealthEquity, Inc. provides technology-enabled services platforms to consumers and employers in the United States. It offers health savings accounts (HAS); investment platform; online-only automated investment advisory services through Advisor, a Web-based tool. The company also provides flexible spending accounts (FSA) for health and dependent care; health reimbursement arrangements; and Consolidated Omnibus Budget Reconciliation Act continuation services, as well as administers pre-tax commuter benefit programs. In addition, the company offers HSA and FSA members with access to certain healthcare products, programs, and services through its marketplace. It serves clients through a direct sales force; and brokers and advisors, a network of health plans, benefits administrators, benefits brokers and consultants, and retirement plan record-keepers. HealthEquity, Inc. was incorporated in 2002 and is based in Draper, Utah.
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