Strs Ohio Takes Position in HealthEquity, Inc. $HQY

Strs Ohio purchased a new position in HealthEquity, Inc. (NASDAQ:HQY) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 11,300 shares of the company’s stock, valued at approximately $999,000.

Other large investors also recently bought and sold shares of the company. Versant Capital Management Inc acquired a new position in HealthEquity in the 1st quarter worth about $28,000. WPG Advisers LLC acquired a new position in HealthEquity in the 1st quarter worth about $28,000. Northwestern Mutual Wealth Management Co. raised its holdings in HealthEquity by 176.4% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 655 shares of the company’s stock worth $58,000 after purchasing an additional 418 shares during the period. Larson Financial Group LLC raised its holdings in HealthEquity by 1,366.0% in the 1st quarter. Larson Financial Group LLC now owns 689 shares of the company’s stock worth $61,000 after purchasing an additional 642 shares during the period. Finally, BI Asset Management Fondsmaeglerselskab A S acquired a new position in HealthEquity in the 1st quarter worth about $65,000. Institutional investors and hedge funds own 99.55% of the company’s stock.

HealthEquity Trading Up 3.6%

Shares of HealthEquity stock opened at $95.59 on Friday. The firm has a market capitalization of $8.24 billion, a price-to-earnings ratio of 57.93, a PEG ratio of 1.32 and a beta of 0.50. HealthEquity, Inc. has a fifty-two week low of $74.07 and a fifty-two week high of $116.65. The company has a debt-to-equity ratio of 0.47, a quick ratio of 4.23 and a current ratio of 4.23. The stock has a 50 day moving average of $92.86 and a 200 day moving average of $94.12.

Insider Buying and Selling

In other HealthEquity news, EVP Michael Henry Fiore sold 1,794 shares of the company’s stock in a transaction on Monday, July 7th. The stock was sold at an average price of $101.73, for a total transaction of $182,503.62. Following the transaction, the executive vice president directly owned 53,225 shares in the company, valued at $5,414,579.25. This represents a 3.26% 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. 1.50% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on HQY shares. Bank of America upped their price target on HealthEquity from $110.00 to $125.00 and gave the stock a “buy” rating in a report on Wednesday, June 4th. Raymond James Financial reaffirmed a “strong-buy” rating and issued a $120.00 price target (up previously from $115.00) on shares of HealthEquity in a report on Tuesday, July 8th. The Goldman Sachs Group boosted their price objective on HealthEquity from $94.00 to $104.00 and gave the stock a “neutral” rating in a research note on Wednesday, June 4th. Royal Bank Of Canada boosted their price objective on HealthEquity from $109.00 to $110.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 3rd. Finally, Jefferies Financial Group boosted their price objective on HealthEquity from $130.00 to $134.00 and gave the stock a “buy” rating in a research note on Wednesday, September 3rd. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, HealthEquity presently has a consensus rating of “Buy” and an average price target of $119.77.

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.