HighTower Advisors LLC Acquires 4,370 Shares of HealthEquity, Inc. (NASDAQ:HQY)

HighTower Advisors LLC grew its holdings in shares of HealthEquity, Inc. (NASDAQ:HQY) by 4.8% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 95,075 shares of the company’s stock after buying an additional 4,370 shares during the quarter. HighTower Advisors LLC owned 0.11% of HealthEquity worth $9,122,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. AGF Management Ltd. grew its stake in HealthEquity by 3.7% in the fourth quarter. AGF Management Ltd. now owns 135,857 shares of the company’s stock worth $13,035,000 after purchasing an additional 4,819 shares in the last quarter. Wealthfront Advisers LLC bought a new position in HealthEquity in the fourth quarter worth approximately $10,304,089,000. King Luther Capital Management Corp grew its stake in HealthEquity by 9.5% in the fourth quarter. King Luther Capital Management Corp now owns 50,190 shares of the company’s stock worth $4,816,000 after purchasing an additional 4,343 shares in the last quarter. Daiwa Securities Group Inc. grew its stake in HealthEquity by 8.3% in the fourth quarter. Daiwa Securities Group Inc. now owns 1,950 shares of the company’s stock worth $187,000 after purchasing an additional 150 shares in the last quarter. Finally, Lisanti Capital Growth LLC bought a new position in HealthEquity in the fourth quarter worth approximately $796,000. Institutional investors own 99.55% of the company’s stock.

Insiders Place Their Bets

In other news, Director Robert W. Selander sold 5,750 shares of the firm’s stock in a transaction dated 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 in the company, valued at $8,704,992.51. This trade represents a 6.85 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 2.20% of the stock is owned by insiders.

HealthEquity Price Performance

Shares of HQY opened at $100.72 on Tuesday. The business’s 50-day moving average is $105.76 and its two-hundred day moving average is $95.51. The company has a market capitalization of $8.73 billion, a P/E ratio of 92.40, a P/E/G ratio of 1.60 and a beta of 0.62. The company has a debt-to-equity ratio of 0.51, a quick ratio of 3.20 and a current ratio of 3.20. HealthEquity, Inc. has a fifty-two week low of $65.01 and a fifty-two week high of $115.59.

Analysts Set New Price Targets

Several brokerages recently issued reports on HQY. JMP Securities increased their price objective on HealthEquity from $105.00 to $107.00 and gave the stock a “market outperform” rating in a research note on Tuesday, December 10th. Mizuho began coverage on HealthEquity in a research note on Wednesday, December 4th. They issued an “outperform” rating and a $126.00 price objective on the stock. Barrington Research reissued an “outperform” rating and issued a $112.00 price objective on shares of HealthEquity in a research note on Friday. Royal Bank of Canada upped their target price on HealthEquity from $100.00 to $105.00 and gave the stock an “outperform” rating in a report on Tuesday, December 10th. Finally, Raymond James upped their target price on HealthEquity from $105.00 to $120.00 and gave the stock an “outperform” rating in a report on Tuesday, February 25th. One analyst has rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, HealthEquity has an average rating of “Moderate Buy” and a consensus target price of $112.92.

HealthEquity 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.