HealthEquity, Inc. (NASDAQ:HQY) Shares Acquired by Avantax Advisory Services Inc.

Avantax Advisory Services Inc. increased its position in shares of HealthEquity, Inc. (NASDAQ:HQY) by 23.4% in the fourth quarter, HoldingsChannel reports. The firm owned 9,645 shares of the company’s stock after acquiring an additional 1,827 shares during the quarter. Avantax Advisory Services Inc.’s holdings in HealthEquity were worth $925,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of the company. KBC Group NV boosted its holdings in shares of HealthEquity by 16.1% in the 3rd quarter. KBC Group NV now owns 2,463 shares of the company’s stock valued at $202,000 after acquiring an additional 341 shares during the last quarter. Natixis Advisors LLC grew its position in HealthEquity by 29.8% during the 3rd quarter. Natixis Advisors LLC now owns 209,175 shares of the company’s stock worth $17,122,000 after purchasing an additional 48,009 shares during the period. Thrivent Financial for Lutherans raised its stake in shares of HealthEquity by 33.3% during the 3rd quarter. Thrivent Financial for Lutherans now owns 293,624 shares of the company’s stock valued at $24,033,000 after buying an additional 73,404 shares during the last quarter. Swiss National Bank boosted its stake in shares of HealthEquity by 0.4% in the third quarter. Swiss National Bank now owns 169,900 shares of the company’s stock worth $13,906,000 after buying an additional 600 shares during the last quarter. Finally, B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in HealthEquity during the third quarter worth about $5,675,000. Hedge funds and other institutional investors own 99.55% of the company’s stock.

HealthEquity Price Performance

HQY stock opened at $84.32 on Thursday. HealthEquity, Inc. has a 1 year low of $65.01 and a 1 year high of $115.59. The company has a debt-to-equity ratio of 0.51, a current ratio of 3.20 and a quick ratio of 3.20. The firm has a market capitalization of $7.31 billion, a PE ratio of 77.36, a price-to-earnings-growth ratio of 1.60 and a beta of 0.62. The business has a 50 day simple moving average of $105.51 and a 200-day simple moving average of $95.59.

Wall Street Analyst Weigh In

HQY has been the topic of several recent research reports. Royal Bank of Canada upped their price objective 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 raised their price target 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. Wells Fargo & Company upped their price objective on shares of HealthEquity from $110.00 to $125.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 26th. Mizuho initiated coverage on HealthEquity in a research report on Wednesday, December 4th. They set an “outperform” rating and a $126.00 target price on the stock. Finally, Barrington Research reaffirmed an “outperform” rating and issued a $112.00 price target on shares of HealthEquity in a report on Friday, March 14th. One research analyst has rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $112.92.

Insiders Place Their Bets

In other news, Director Robert W. Selander sold 5,750 shares of the 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 completion of the sale, the director now owns 78,219 shares of the company’s stock, valued at $8,704,992.51. This represents a 6.85 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 2.20% of the company’s stock.

About HealthEquity

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.