HealthEquity, Inc. (NASDAQ:HQY) Shares Purchased by Premier Fund Managers Ltd

Premier Fund Managers Ltd boosted its stake in shares of HealthEquity, Inc. (NASDAQ:HQY) by 22.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 11,076 shares of the company’s stock after buying an additional 2,046 shares during the period. Premier Fund Managers Ltd’s holdings in HealthEquity were worth $1,073,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Wealthfront Advisers LLC purchased a new stake in shares of HealthEquity during the 4th quarter valued at approximately $10,304,089,000. Vanguard Group Inc. increased its stake in HealthEquity by 1.1% during the fourth quarter. Vanguard Group Inc. now owns 8,976,091 shares of the company’s stock worth $861,256,000 after acquiring an additional 99,624 shares during the last quarter. Wasatch Advisors LP raised its position in HealthEquity by 6.6% in the third quarter. Wasatch Advisors LP now owns 7,758,890 shares of the company’s stock valued at $635,065,000 after purchasing an additional 483,269 shares during the period. State Street Corp lifted its stake in shares of HealthEquity by 0.8% in the 3rd quarter. State Street Corp now owns 3,131,900 shares of the company’s stock valued at $256,346,000 after purchasing an additional 23,613 shares during the last quarter. Finally, Geode Capital Management LLC grew its holdings in shares of HealthEquity by 0.7% during the 3rd quarter. Geode Capital Management LLC now owns 2,078,977 shares of the company’s stock worth $170,197,000 after purchasing an additional 15,145 shares during the period. 99.55% of the stock is currently owned by hedge funds and other institutional investors.

HealthEquity Stock Performance

Shares of HealthEquity stock opened at $88.83 on Friday. The business has a 50-day simple moving average of $103.94 and a 200-day simple moving average of $95.84. The company has a market cap of $7.68 billion, a PE ratio of 81.50, a P/E/G ratio of 1.60 and a beta of 0.62. HealthEquity, Inc. has a one year low of $65.01 and a one year high of $115.59. The company has a debt-to-equity ratio of 0.51, a quick ratio of 3.20 and a current ratio of 3.20.

Analysts Set New Price Targets

Several brokerages recently issued reports on HQY. JMP Securities boosted their price objective on shares of HealthEquity from $105.00 to $107.00 and gave the company a “market outperform” rating in a report on Tuesday, December 10th. Barrington Research restated an “outperform” rating and issued a $112.00 price objective on shares of HealthEquity in a report on Friday, March 14th. Raymond James raised HealthEquity from an “outperform” rating to a “strong-buy” rating and cut their target price for the company from $120.00 to $115.00 in a research report on Tuesday. Royal Bank of Canada upped their price target on HealthEquity from $100.00 to $105.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 10th. Finally, The Goldman Sachs Group dropped their price objective on HealthEquity from $107.00 to $94.00 and set a “neutral” rating for the company in a research note on Thursday. One equities research analyst has rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $112.23.

Insiders Place Their Bets

In other news, Director Robert W. Selander sold 5,750 shares of the company’s stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $111.29, for a total transaction of $639,917.50. Following the completion of the transaction, the director now directly owns 78,219 shares of the company’s stock, valued at approximately $8,704,992.51. This represents a 6.85 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 2.20% of the stock is currently owned by company insiders.

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.