Sei Investments Co. Raises Stock Holdings in HealthEquity, Inc. (NASDAQ:HQY)

Sei Investments Co. boosted its stake in HealthEquity, Inc. (NASDAQ:HQY) by 5.4% during the fourth quarter, HoldingsChannel reports. The firm owned 664,676 shares of the company’s stock after buying an additional 34,307 shares during the period. Sei Investments Co.’s holdings in HealthEquity were worth $63,776,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the stock. Arcadia Investment Management Corp MI bought a new position in shares of HealthEquity during the 4th quarter valued at about $26,000. Smartleaf Asset Management LLC lifted its holdings in shares of HealthEquity by 34.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 384 shares of the company’s stock worth $37,000 after acquiring an additional 98 shares during the last quarter. Proficio Capital Partners LLC purchased a new stake in shares of HealthEquity in the 4th quarter valued at $39,000. UMB Bank n.a. grew its holdings 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 purchasing an additional 164 shares during the last quarter. Finally, Skandinaviska Enskilda Banken AB publ raised its position in HealthEquity by 1,934.8% in the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 468 shares of the company’s stock worth $45,000 after purchasing an additional 445 shares during the period. 99.55% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

HQY has been the topic of a number of recent research reports. Mizuho started coverage on HealthEquity in a research note on Wednesday, December 4th. They set an “outperform” rating and a $126.00 price objective on the stock. JMP Securities lifted their price target on HealthEquity from $105.00 to $107.00 and gave the stock a “market outperform” rating in a research note on Tuesday, December 10th. Wells Fargo & Company increased their price objective on HealthEquity from $110.00 to $125.00 and gave the company an “overweight” rating in a research note on Wednesday, February 26th. Royal Bank of Canada lifted their target price on shares of HealthEquity from $100.00 to $105.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 10th. Finally, Raymond James increased their price target on shares of HealthEquity from $105.00 to $120.00 and gave the company an “outperform” rating in a research report on Tuesday, February 25th. One analyst has rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $112.92.

Insider Activity at HealthEquity

In other news, Director Robert W. Selander sold 5,750 shares of the company’s stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $111.29, for a total value of $639,917.50. Following the transaction, the director now owns 78,219 shares in the company, valued at approximately $8,704,992.51. This represents a 6.85 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. 2.20% of the stock is currently owned by corporate insiders.

HealthEquity Stock Performance

Shares of HealthEquity stock opened at $84.88 on Monday. HealthEquity, Inc. has a 12 month low of $65.01 and a 12 month high of $115.59. The firm has a market capitalization of $7.36 billion, a P/E ratio of 77.87, a P/E/G ratio of 1.60 and a beta of 0.62. The company has a current ratio of 3.20, a quick ratio of 3.20 and a debt-to-equity ratio of 0.51. The business has a fifty day simple moving average of $104.90 and a two-hundred day simple moving average of $95.76.

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.