Advisors Asset Management Inc. Takes $206,000 Position in HealthEquity, Inc. $HQY

Advisors Asset Management Inc. acquired a new stake in shares of HealthEquity, Inc. (NASDAQ:HQY) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 2,327 shares of the company’s stock, valued at approximately $206,000.

Other large investors also recently made changes to their positions in the company. AlphaQ Advisors LLC lifted its stake in HealthEquity by 5.1% during the first quarter. AlphaQ Advisors LLC now owns 3,430 shares of the company’s stock valued at $303,000 after buying an additional 165 shares in the last quarter. Amundi lifted its stake in HealthEquity by 690,625.0% during the first quarter. Amundi now owns 27,629 shares of the company’s stock valued at $2,292,000 after buying an additional 27,625 shares in the last quarter. Adage Capital Partners GP L.L.C. lifted its stake in HealthEquity by 50.0% during the first quarter. Adage Capital Partners GP L.L.C. now owns 12,000 shares of the company’s stock valued at $1,060,000 after buying an additional 4,000 shares in the last quarter. EP Wealth Advisors LLC boosted its stake in HealthEquity by 17.9% in the 1st quarter. EP Wealth Advisors LLC now owns 5,372 shares of the company’s stock worth $475,000 after purchasing an additional 817 shares during the period. Finally, Ashford Capital Management Inc. boosted its stake in HealthEquity by 2.1% in the 1st quarter. Ashford Capital Management Inc. now owns 274,999 shares of the company’s stock worth $24,302,000 after purchasing an additional 5,687 shares during the period. Institutional investors own 99.55% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the stock. Bank of America raised their price objective on shares of HealthEquity from $110.00 to $125.00 and gave the stock a “buy” rating in a research note on Wednesday, June 4th. JPMorgan Chase & Co. raised their price objective on shares of HealthEquity from $125.00 to $126.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 3rd. JMP Securities raised their price objective on shares of HealthEquity from $110.00 to $117.00 and gave the stock a “market outperform” rating in a research note on Wednesday, June 4th. Barrington Research reaffirmed an “outperform” rating and issued a $125.00 price objective on shares of HealthEquity in a research note on Friday, August 29th. Finally, Raymond James Financial restated a “strong-buy” rating and set a $120.00 price target (up from $115.00) on shares of HealthEquity in a report on Tuesday, July 8th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $119.77.

HealthEquity Stock Performance

HQY stock opened at $92.34 on Friday. The stock has a market cap of $7.96 billion, a P/E ratio of 55.96, a P/E/G ratio of 1.31 and a beta of 0.50. The firm has a 50 day simple moving average of $93.60 and a 200 day simple moving average of $94.60. The company has a debt-to-equity ratio of 0.47, a quick ratio of 4.23 and a current ratio of 4.23. HealthEquity, Inc. has a 52 week low of $74.07 and a 52 week high of $116.65.

Insider Buying and Selling at HealthEquity

In other news, EVP Michael Henry Fiore sold 1,794 shares of the firm’s stock in a transaction on Monday, July 7th. The shares were sold at an average price of $101.73, for a total transaction of $182,503.62. Following the transaction, the executive vice president owned 53,225 shares in the company, valued at approximately $5,414,579.25. This trade represents a 3.26% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 1.50% 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.