HealthEquity, Inc. (NASDAQ:HQY) Director Robert W. Selander Sells 5,750 Shares

HealthEquity, Inc. (NASDAQ:HQY) Director Robert W. Selander sold 5,750 shares of the firm’s stock in a transaction that occurred on Wednesday, April 9th. The shares were sold at an average price of $77.65, for a total value of $446,487.50. Following the completion of the sale, the director now directly owns 84,969 shares of the company’s stock, valued at $6,597,842.85. This represents a 6.34 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

HealthEquity Stock Up 2.8 %

HQY opened at $82.20 on Friday. The firm has a market cap of $7.11 billion, a P/E ratio of 75.41, a PEG ratio of 1.60 and a beta of 0.49. The business’s fifty day simple moving average is $97.63 and its 200 day simple moving average is $96.30. HealthEquity, Inc. has a 52 week low of $65.01 and a 52 week high of $115.59. The company has a quick ratio of 3.20, a current ratio of 3.20 and a debt-to-equity ratio of 0.51.

Institutional Investors Weigh In On HealthEquity

Several hedge funds have recently modified their holdings of HQY. Ameritas Investment Partners Inc. lifted its position in HealthEquity by 0.3% during the fourth quarter. Ameritas Investment Partners Inc. now owns 33,856 shares of the company’s stock worth $3,248,000 after buying an additional 88 shares during the period. Smartleaf Asset Management LLC lifted its holdings in shares of HealthEquity by 34.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 384 shares of the company’s stock worth $37,000 after acquiring an additional 98 shares during the period. Louisiana State Employees Retirement System boosted its position in shares of HealthEquity by 0.4% in the fourth quarter. Louisiana State Employees Retirement System now owns 24,200 shares of the company’s stock worth $2,322,000 after acquiring an additional 100 shares during the last quarter. Oregon Public Employees Retirement Fund boosted its position in shares of HealthEquity by 0.6% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 17,776 shares of the company’s stock worth $1,706,000 after acquiring an additional 100 shares during the last quarter. Finally, State of Michigan Retirement System grew its holdings in HealthEquity by 0.5% in the fourth quarter. State of Michigan Retirement System now owns 20,722 shares of the company’s stock valued at $1,988,000 after purchasing an additional 100 shares during the period. 99.55% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Wells Fargo & Company raised their target price on HealthEquity from $110.00 to $125.00 and gave the company an “overweight” rating in a report on Wednesday, February 26th. Raymond James upgraded shares of HealthEquity from an “outperform” rating to a “strong-buy” rating and lowered their target price for the stock from $120.00 to $115.00 in a research report on Tuesday, March 25th. KeyCorp dropped their target price on shares of HealthEquity from $120.00 to $110.00 and set an “overweight” rating for the company in a report on Monday, March 24th. Barrington Research restated an “outperform” rating and issued a $112.00 price target on shares of HealthEquity in a report on Friday. Finally, The Goldman Sachs Group decreased their target price on HealthEquity from $107.00 to $94.00 and set a “neutral” rating on the stock in a research report on Thursday, March 27th. One equities research analyst has rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of $112.58.

HealthEquity Company 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.