Cibc World Markets Corp Makes New Investment in HealthEquity, Inc. (NASDAQ:HQY)

Cibc World Markets Corp purchased a new position in HealthEquity, Inc. (NASDAQ:HQY) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 8,030 shares of the company’s stock, valued at approximately $770,000.

Several other institutional investors and hedge funds have also bought and sold shares of HQY. Wealthfront Advisers LLC purchased a new position in HealthEquity in the fourth quarter worth $10,304,089,000. Wasatch Advisors LP grew its holdings in shares of HealthEquity by 6.6% during the third quarter. Wasatch Advisors LP now owns 7,758,890 shares of the company’s stock valued at $635,065,000 after buying an additional 483,269 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of HealthEquity during the fourth quarter valued at $45,728,000. Geneva Capital Management LLC grew its holdings in shares of HealthEquity by 24.6% during the fourth quarter. Geneva Capital Management LLC now owns 1,048,903 shares of the company’s stock valued at $100,642,000 after buying an additional 206,894 shares during the last quarter. Finally, Barclays PLC grew its holdings in shares of HealthEquity by 209.3% during the third quarter. Barclays PLC now owns 166,492 shares of the company’s stock valued at $13,628,000 after buying an additional 112,667 shares during the last quarter. 99.55% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Director Robert W. Selander sold 5,750 shares of the company’s stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $111.29, for a total transaction of $639,917.50. Following the completion of the transaction, the director now owns 78,219 shares in the company, valued at $8,704,992.51. This represents a 6.85 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 2.20% of the company’s stock.

HealthEquity Trading Up 0.3 %

Shares of HealthEquity stock opened at $84.88 on Friday. The firm has a 50-day simple moving average of $104.90 and a two-hundred day simple moving average of $95.67. The company has a market cap of $7.36 billion, a P/E ratio of 77.87, a price-to-earnings-growth ratio of 1.60 and a beta of 0.62. HealthEquity, Inc. has a fifty-two week low of $65.01 and a fifty-two week high of $115.59. The company has a debt-to-equity ratio of 0.51, a quick ratio of 3.20 and a current ratio of 3.20.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on HQY. Mizuho began coverage on shares of HealthEquity in a report on Wednesday, December 4th. They set an “outperform” rating and a $126.00 price objective on the stock. Royal Bank of Canada boosted their price objective on shares of HealthEquity from $100.00 to $105.00 and gave the company an “outperform” rating in a report on Tuesday, December 10th. Raymond James boosted their price objective on shares of HealthEquity from $105.00 to $120.00 and gave the company an “outperform” rating in a report on Tuesday, February 25th. JMP Securities boosted their target price on shares of HealthEquity from $105.00 to $107.00 and gave the company a “market outperform” rating in a research report on Tuesday, December 10th. Finally, Barrington Research restated an “outperform” rating and set a $112.00 target price on shares of HealthEquity in a research report on Friday, March 14th. One analyst has rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target 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.