Welcome to our dedicated page for Healthequity news (Ticker: HQY), a resource for investors and traders seeking the latest updates and insights on Healthequity stock.
HealthEquity Inc (HQY) provides essential news and updates for stakeholders tracking America's leading health savings account administrator. This page aggregates official press releases, financial disclosures, and strategic developments related to HSAs, consumer-directed benefits, and healthcare finance innovation.
Investors and benefits professionals will find timely updates on earnings announcements, regulatory changes, and technology enhancements shaping the health savings landscape. Our curated feed includes partnership developments with national health plans, employer benefit program expansions, and educational initiatives improving financial literacy.
All content undergoes strict verification to ensure accuracy in reporting HealthEquity's role as an IRS-approved HSA trustee. Bookmark this page for direct access to primary source materials about FDIC-insured accounts, benefits administration best practices, and evolving healthcare finance solutions.
HealthEquity has been recognized by ADP Marketplace with two significant honors for the period ending June 30, 2020. The company was awarded the 2020 ADP Marketplace Top Closer for achieving the highest lead conversion rate through effective collaboration and understanding of the ADP sales process. Additionally, HealthEquity has been designated as an ADP Marketplace Platinum Partner, a status achieved by only 20% of its partners. These accolades highlight HealthEquity's commitment to enhancing integration and delivering cohesive benefits solutions for ADP clients.
HealthEquity (NASDAQ: HQY) reported impressive Q2 results for the fiscal year ending July 31, 2020, with revenue reaching $176.0 million, a 103% increase from $86.6 million in Q2 FY20. Despite a net loss of $0.1 million, the company achieved a non-GAAP net income of $30.1 million, or $0.42 per diluted share. Adjusted EBITDA was $60.0 million, up 48% year-over-year. Total HSA Assets grew to $12.2 billion, reflecting a 43% year-over-year increase. HealthEquity also completed its WageWorks acquisition, surpassing synergy targets with an increased target of $80 million.
HealthEquity (NASDAQ: HQY) will release its second quarter fiscal year 2021 financial results on September 8, 2020, after market close. A conference call will follow at 4:30 p.m. ET to discuss the results. The company will also participate in several virtual investor conferences, including the Wells Fargo Healthcare Conference on September 9 and the RW Baird Healthcare Conference on September 10. HealthEquity is the largest independent HSA custodian, managing over 12 million accounts.
HealthEquity, Inc. (NASDAQ: HQY) has completed a public offering, raising approximately $37.5 million by selling 690,000 new shares after the underwriters exercised their over-allotment option. This offering follows an earlier sale that generated $257.6 million in gross proceeds. The company plans to utilize the net proceeds to pre-pay $200 million of its term loan facility, allowing for further capital allocation toward both organic and inorganic growth strategies.
HealthEquity, Inc. (NASDAQ: HQY) announced the successful closing of its public offering of 4,600,000 shares, generating $257.6 million in gross proceeds. A 30-day option for underwriters to purchase an additional 690,000 shares was granted. The net proceeds will primarily be utilized to pre-pay $200 million under its term loan facility, with the remainder allocated for general corporate purposes and potential acquisitions. Wells Fargo Securities and J.P. Morgan acted as lead managers for this offering.
HealthEquity (HQY) has priced an underwritten public offering of 4,600,000 shares of common stock at $56.00 per share, generating estimated gross proceeds of $257.6 million. The offering is set to close on July 13, 2020, contingent on customary conditions. HealthEquity plans to utilize approximately $200 million of the proceeds for pre-paying its term loan, with the remaining funds aimed at supporting organic and inorganic growth and other corporate purposes. An additional option for underwriters to purchase 690,000 shares is also included.
HealthEquity has announced a public offering of $250 million in common stock. The company plans to utilize approximately $200 million of the proceeds to pre-pay its term loan facility, while the remaining funds will support general corporate purposes, including potential acquisitions. The offering is led by Wells Fargo and J.P. Morgan, with shares offered under an effective shelf registration statement filed with the SEC. HealthEquity serves over 12 million accounts, managing Health Savings Accounts and consumer-directed benefits.
HealthEquity (NASDAQ: HQY) announced the appointment of Tyson Murdock as Executive Vice President and Deputy CFO, effective July 1, 2020, succeeding Darcy Mott as CFO on April 1, 2021. Mott, who served as CFO for 14 years, will assist in ensuring a smooth transition and will continue in an advisory role post-transition. Murdock, joining from eBay, brings 25 years of experience. Under Mott's leadership, HealthEquity's revenue grew from under $5 million to over $530 million, while increasing profitability consistently.
HealthEquity announced that its 2020 Annual Meeting of Stockholders will be held virtually on June 25, 2020, at 10:00 a.m. MDT due to COVID-19 restrictions. Stockholders of record as of May 4, 2020, are encouraged to submit their votes in advance using the proxy card previously distributed. To attend the virtual meeting, stockholders can log in at this link with their unique control number. HealthEquity administers HSAs and consumer-directed benefits for over 12 million accounts.
FAQ
What is the current stock price of Healthequity (HQY)?
What is the market cap of Healthequity (HQY)?
