Harvest Fund Management Co. Ltd Takes Position in HealthEquity, Inc. (NASDAQ:HQY)

Harvest Fund Management Co. Ltd purchased a new stake in HealthEquity, Inc. (NASDAQ:HQY) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 5,334 shares of the company’s stock, valued at approximately $512,000.

A number of other large investors have also made changes to their positions in HQY. Smartleaf Asset Management LLC increased its holdings in HealthEquity by 34.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 384 shares of the company’s stock valued at $37,000 after acquiring an additional 98 shares in the last quarter. Louisiana State Employees Retirement System increased its holdings in HealthEquity by 0.4% during the 4th quarter. Louisiana State Employees Retirement System now owns 24,200 shares of the company’s stock valued at $2,322,000 after acquiring an additional 100 shares in the last quarter. Oregon Public Employees Retirement Fund increased its holdings in HealthEquity by 0.6% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 17,776 shares of the company’s stock valued at $1,706,000 after acquiring an additional 100 shares in the last quarter. State of Michigan Retirement System increased its holdings in HealthEquity by 0.5% during the 4th quarter. State of Michigan Retirement System now owns 20,722 shares of the company’s stock valued at $1,988,000 after acquiring an additional 100 shares in the last quarter. Finally, Raymond James Trust N.A. increased its holdings in HealthEquity by 4.8% during the 3rd quarter. Raymond James Trust N.A. now owns 2,905 shares of the company’s stock valued at $238,000 after acquiring an additional 132 shares in the last quarter. Hedge funds and other institutional investors own 99.55% of the company’s stock.

Wall Street Analysts Forecast Growth

HQY has been the topic of several analyst reports. Wells Fargo & Company raised their price target on shares of HealthEquity from $110.00 to $125.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 26th. JMP Securities raised their price target on shares of HealthEquity from $105.00 to $107.00 and gave the stock a “market outperform” rating in a research note on Tuesday, December 10th. Raymond James raised their price target on shares of HealthEquity from $105.00 to $120.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 25th. Barrington Research reaffirmed an “outperform” rating and set a $112.00 price target on shares of HealthEquity in a research note on Friday, March 14th. Finally, Royal Bank of Canada raised their price target on shares of HealthEquity from $100.00 to $105.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 10th. One equities research analyst has rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat.com, HealthEquity presently has an average rating of “Moderate Buy” and a consensus target price of $112.92.

HealthEquity Trading Up 0.3 %

HQY opened at $84.60 on Friday. The firm has a market capitalization of $7.33 billion, a P/E ratio of 77.61, a P/E/G ratio of 1.60 and a beta of 0.62. The firm’s 50 day moving average is $105.20 and its 200-day moving average is $95.51. 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.

Insider Buying and Selling

In other HealthEquity news, Director Robert W. Selander sold 5,750 shares of HealthEquity 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 transaction, the director now owns 78,219 shares of the company’s stock, valued at $8,704,992.51. The trade was a 6.85 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Insiders own 2.20% of the company’s stock.

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.