Jones Financial Companies Lllp Boosts Holdings in HealthEquity, Inc. (NASDAQ:HQY)

Jones Financial Companies Lllp raised its holdings in HealthEquity, Inc. (NASDAQ:HQY) by 1,112.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,285 shares of the company’s stock after buying an additional 1,179 shares during the quarter. Jones Financial Companies Lllp’s holdings in HealthEquity were worth $123,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in HQY. Smartleaf Asset Management LLC grew its holdings in shares of HealthEquity by 34.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 384 shares of the company’s stock worth $37,000 after purchasing an additional 98 shares during the period. Louisiana State Employees Retirement System grew its holdings in shares of HealthEquity by 0.4% during the 4th quarter. Louisiana State Employees Retirement System now owns 24,200 shares of the company’s stock worth $2,322,000 after purchasing an additional 100 shares during the period. Oregon Public Employees Retirement Fund grew its holdings in shares of HealthEquity by 0.6% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 17,776 shares of the company’s stock worth $1,706,000 after purchasing an additional 100 shares during the period. Raymond James Trust N.A. grew its holdings in shares of HealthEquity by 4.8% during the 3rd quarter. Raymond James Trust N.A. now owns 2,905 shares of the company’s stock worth $238,000 after purchasing an additional 132 shares during the period. Finally, CIBC Asset Management Inc grew its holdings in shares of HealthEquity by 5.6% during the 4th quarter. CIBC Asset Management Inc now owns 2,640 shares of the company’s stock worth $253,000 after purchasing an additional 139 shares during the period. Hedge funds and other institutional investors own 99.55% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on HQY. Barrington Research reiterated an “outperform” rating and set a $112.00 target price on shares of HealthEquity in a report on Friday. Mizuho started coverage on HealthEquity in a research report on Wednesday, December 4th. They set an “outperform” rating and a $126.00 price target on the stock. Royal Bank of Canada boosted their price target on HealthEquity from $100.00 to $105.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 10th. JMP Securities boosted their price target on HealthEquity from $105.00 to $107.00 and gave the stock a “market outperform” rating in a research report on Tuesday, December 10th. Finally, Wells Fargo & Company boosted their price target on HealthEquity from $110.00 to $125.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 26th. One analyst has rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $112.92.

HealthEquity Trading Up 3.7 %

Shares of HQY stock opened at $97.41 on Friday. The stock has a 50-day simple moving average of $105.68 and a 200 day simple moving average of $95.21. HealthEquity, Inc. has a fifty-two week low of $65.01 and a fifty-two week high of $115.59. The stock has a market capitalization of $8.44 billion, a P/E ratio of 89.37, a P/E/G ratio of 1.60 and a beta of 0.62. 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 Activity at HealthEquity

In other news, Director Robert W. Selander sold 5,750 shares of the company’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 completion of the sale, the director now directly owns 78,219 shares of the company’s stock, valued at $8,704,992.51. This represents a 6.85 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company 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.