Proficio Capital Partners LLC Invests $39,000 in HealthEquity, Inc. (NASDAQ:HQY)

Proficio Capital Partners LLC purchased a new position in shares of HealthEquity, Inc. (NASDAQ:HQY) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 38,764 shares of the company’s stock, valued at approximately $39,000.

A number of other hedge funds have also bought and sold shares of HQY. Arcadia Investment Management Corp MI bought a new position in HealthEquity during the 4th quarter worth approximately $26,000. Smartleaf Asset Management LLC raised its position in shares of 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. UMB Bank n.a. raised its position in shares of HealthEquity by 65.6% during the 4th quarter. UMB Bank n.a. now owns 414 shares of the company’s stock valued at $40,000 after acquiring an additional 164 shares in the last quarter. First Horizon Advisors Inc. lifted its stake in HealthEquity by 50.7% during the fourth quarter. First Horizon Advisors Inc. now owns 1,115 shares of the company’s stock worth $107,000 after purchasing an additional 375 shares during the last quarter. Finally, Quarry LP boosted its holdings in HealthEquity by 418.8% in the third quarter. Quarry LP now owns 1,349 shares of the company’s stock worth $110,000 after purchasing an additional 1,089 shares during the period. 99.55% of the stock is currently owned by institutional investors and hedge funds.

HealthEquity Stock Down 2.1 %

Shares of HQY stock opened at $86.96 on Friday. 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 stock has a market cap of $7.52 billion, a PE ratio of 79.78, a price-to-earnings-growth ratio of 1.60 and a beta of 0.62. The business’s fifty day moving average is $103.63 and its 200-day moving average is $95.91. HealthEquity, Inc. has a 1 year low of $65.01 and a 1 year high of $115.59.

Insiders Place Their Bets

In other news, Director Robert W. Selander sold 5,750 shares of the business’s stock in a transaction on Monday, February 10th. The stock was sold at an average price of $111.29, for a total transaction of $639,917.50. Following the sale, the director now directly 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 2.20% of the stock is owned by company insiders.

Analyst Ratings Changes

HQY has been the topic of a number of research reports. Wells Fargo & Company increased their target price 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 raised HealthEquity from an “outperform” rating to a “strong-buy” rating and lowered their target price for the company from $120.00 to $115.00 in a report on Tuesday. JMP Securities raised their price target on HealthEquity from $105.00 to $107.00 and gave the stock a “market outperform” rating in a report on Tuesday, December 10th. The Goldman Sachs Group reduced their price objective on HealthEquity from $107.00 to $94.00 and set a “neutral” rating for the company in a research report on Thursday. Finally, KeyCorp dropped their target price on HealthEquity from $120.00 to $110.00 and set an “overweight” rating on the stock in a research report on Monday, March 24th. One investment analyst has rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, HealthEquity has a consensus rating of “Buy” and an average price target of $112.23.

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.