Intech Investment Management LLC Has $3.13 Million Stock Holdings in HealthEquity, Inc. (NASDAQ:HQY)

Intech Investment Management LLC grew its holdings in HealthEquity, Inc. (NASDAQ:HQY) by 55.0% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 32,650 shares of the company’s stock after buying an additional 11,586 shares during the quarter. Intech Investment Management LLC’s holdings in HealthEquity were worth $3,133,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in HQY. Wealthfront Advisers LLC acquired a new stake in shares of HealthEquity during the 4th quarter worth about $10,304,089,000. Wasatch Advisors LP increased its position in shares of HealthEquity by 6.6% during the 3rd quarter. Wasatch Advisors LP now owns 7,758,890 shares of the company’s stock worth $635,065,000 after purchasing an additional 483,269 shares in the last quarter. Raymond James Financial Inc. bought a new stake in HealthEquity during the 4th quarter worth about $45,728,000. Geneva Capital Management LLC grew its holdings in HealthEquity by 24.6% during the 4th quarter. Geneva Capital Management LLC now owns 1,048,903 shares of the company’s stock worth $100,642,000 after acquiring an additional 206,894 shares during the last quarter. Finally, Barclays PLC grew its holdings in HealthEquity by 209.3% during the 3rd quarter. Barclays PLC now owns 166,492 shares of the company’s stock worth $13,628,000 after acquiring an additional 112,667 shares during the last quarter. Institutional investors and hedge funds own 99.55% of the company’s stock.

HealthEquity Stock Performance

Shares of HQY stock opened at $84.32 on Thursday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 3.20 and a current ratio of 3.20. The company has a market capitalization of $7.31 billion, a P/E ratio of 77.36, a price-to-earnings-growth ratio of 1.60 and a beta of 0.62. The company’s 50 day moving average price is $105.51 and its two-hundred day moving average price is $95.59. HealthEquity, Inc. has a 52 week low of $65.01 and a 52 week high of $115.59.

Insiders Place Their Bets

In other news, Director Robert W. Selander sold 5,750 shares of HealthEquity stock in a transaction that occurred 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 sale, the director now directly owns 78,219 shares in the company, valued at $8,704,992.51. This trade represents a 6.85 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 2.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on HQY. Wells Fargo & Company increased their price objective on shares of HealthEquity from $110.00 to $125.00 and gave the stock an “overweight” rating in a report on Wednesday, February 26th. Raymond James increased their price objective on shares of HealthEquity from $105.00 to $120.00 and gave the stock an “outperform” rating in a report on Tuesday, February 25th. JMP Securities raised their target price on shares of HealthEquity from $105.00 to $107.00 and gave the company a “market outperform” rating in a research note on Tuesday, December 10th. Mizuho began coverage on shares of HealthEquity in a research note on Wednesday, December 4th. They issued an “outperform” rating and a $126.00 target price on the stock. Finally, Barrington Research reaffirmed an “outperform” rating and issued a $112.00 target price on shares of HealthEquity in a research note on Friday, March 14th. One analyst has rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $112.92.

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.