Swiss National Bank Grows Holdings in HealthEquity, Inc. (NASDAQ:HQY)

Swiss National Bank lifted its holdings in HealthEquity, Inc. (NASDAQ:HQY) by 1.1% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 171,700 shares of the company’s stock after purchasing an additional 1,800 shares during the period. Swiss National Bank owned approximately 0.20% of HealthEquity worth $16,475,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. Avantax Advisory Services Inc. grew its holdings in shares of HealthEquity by 23.4% in the fourth quarter. Avantax Advisory Services Inc. now owns 9,645 shares of the company’s stock valued at $925,000 after purchasing an additional 1,827 shares in the last quarter. Sequoia Financial Advisors LLC grew its holdings in shares of HealthEquity by 7.9% in the fourth quarter. Sequoia Financial Advisors LLC now owns 14,364 shares of the company’s stock valued at $1,378,000 after purchasing an additional 1,050 shares in the last quarter. HighTower Advisors LLC grew its holdings in shares of HealthEquity by 4.8% in the fourth quarter. HighTower Advisors LLC now owns 95,075 shares of the company’s stock valued at $9,122,000 after purchasing an additional 4,370 shares in the last quarter. AGF Management Ltd. grew its holdings in shares of HealthEquity by 3.7% in the fourth quarter. AGF Management Ltd. now owns 135,857 shares of the company’s stock valued at $13,035,000 after purchasing an additional 4,819 shares in the last quarter. Finally, Wealthfront Advisers LLC acquired a new position in shares of HealthEquity in the fourth quarter valued at approximately $10,304,089,000. Institutional investors and hedge funds own 99.55% of the company’s stock.

Insider Activity at HealthEquity

In related news, Director Robert W. Selander sold 5,750 shares of the company’s stock in a transaction on Monday, February 10th. The shares were sold at an average price of $111.29, for a total value of $639,917.50. Following the completion of the sale, the director now owns 78,219 shares in the company, valued at $8,704,992.51. This represents a 6.85 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 2.20% of the stock is owned by insiders.

Analyst Ratings Changes

HQY has been the subject of a number of research reports. Wells Fargo & Company lifted their price objective on shares of HealthEquity from $110.00 to $125.00 and gave the company an “overweight” rating in a report on Wednesday, February 26th. Mizuho began coverage on shares of HealthEquity in a report on Wednesday, December 4th. They set an “outperform” rating and a $126.00 price target for the company. Royal Bank of Canada boosted their price target on shares of HealthEquity from $100.00 to $105.00 and gave the stock an “outperform” rating in a report on Tuesday, December 10th. Barrington Research reiterated an “outperform” rating and set a $112.00 price target on shares of HealthEquity in a report on Friday, March 14th. Finally, JMP Securities boosted their price target on shares of HealthEquity from $105.00 to $107.00 and gave the stock a “market outperform” rating in a report on Tuesday, December 10th. One equities research analyst has rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, HealthEquity has an average rating of “Moderate Buy” and a consensus target price of $112.92.

HealthEquity Trading Up 0.9 %

Shares of HealthEquity stock opened at $101.67 on Wednesday. The company has a fifty day simple moving average of $105.82 and a 200-day simple moving average of $95.67. HealthEquity, Inc. has a 12-month low of $65.01 and a 12-month high of $115.59. The company has a current ratio of 3.20, a quick ratio of 3.20 and a debt-to-equity ratio of 0.51. The stock has a market cap of $8.81 billion, a price-to-earnings ratio of 93.28, a PEG ratio of 1.60 and a beta of 0.62.

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.