HEALTHEQUITY, INC.
At today's price, HEALTHEQUITY, INC. (HQY) is priced for +14.4% growth. boothcheck doesn't publish a fair value or a price target; it shows what the price assumes, so you can judge whether that bar is too high. Built from SEC EDGAR filings.
• HealthEquity is the largest custodian of health savings accounts, administering 10.6 million HSAs and $37.1 billion of HSA assets, and the balances compound on their own as members contribute and invest, which is why adjusted EBITDA margin runs near 46% on a roughly fixed cost base. • The biggest single risk is interest rates: the largest, highest-margin line is custodial revenue, the spread earned on members' cash guided near 3.75% for the year, so a sustained drop in rates would compress the
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470 institutional managers reported holding HQY in 13F filings for the quarter ended 2026-03-31. 69 opened new positions that quarter. Held by BlackRock, Vanguard Group, State Street, among others. On the short side, 4.6M shares were sold short as of the 2026-06-15 count, about 5% of shares outstanding (5.2 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
HQY's share count grew 1.1% over the past five years even with $544.06M spent on repurchases. It pays no dividend. Cash returned over the past three years: $544.06M in repurchases.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
No open-market insider buys on file at HQY over the trailing three years. Absence is a fact about the company, not a signal. 18 officers and directors are on file.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
HQY's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2023-09-06 | +4.4% | -3.1% |
| 2023-12-06 | +0.4% | +11.6% |
| 2024-03-23 | -1.9% | -0.5% |
| 2024-06-04 | +2.1% | -17.1% |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
HQY's latest 8-K filings: 2026-06-26 (items 5.07, 9.01); 2026-05-28 (items 2.02, 9.01); 2026-05-08 (items 5.02, 9.01); 2026-04-06 (items 5.02, 9.01); 2026-03-30 (items 5.02, 7.01, 9.01).
Item codes are the SEC's own classification of what each report discloses. Nothing here is investment advice.
Last analyzed: June 29, 2026
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For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.