Signaturefd LLC Cuts Holdings in HealthEquity, Inc. (NASDAQ:HQY)

Signaturefd LLC cut its position in shares of HealthEquity, Inc. (NASDAQ:HQY) by 13.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,160 shares of the company’s stock after selling 173 shares during the period. Signaturefd LLC’s holdings in HealthEquity were worth $111,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in HQY. Cibc World Markets Corp bought a new stake in HealthEquity in the 4th quarter worth approximately $770,000. Rockport Wealth LLC purchased a new position in shares of HealthEquity in the fourth quarter valued at $960,000. Madison Investment Advisors LLC bought a new stake in HealthEquity in the fourth quarter worth $6,731,000. Skandinaviska Enskilda Banken AB publ raised its stake in HealthEquity by 1,934.8% during the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 468 shares of the company’s stock valued at $45,000 after purchasing an additional 445 shares in the last quarter. Finally, Swiss National Bank raised its stake in HealthEquity by 1.1% during the fourth quarter. Swiss National Bank now owns 171,700 shares of the company’s stock valued at $16,475,000 after purchasing an additional 1,800 shares in the last quarter. 99.55% of the stock is owned by institutional investors.

HealthEquity Stock Performance

Shares of HealthEquity stock opened at $84.88 on Monday. The company has a quick ratio of 3.20, a current ratio of 3.20 and a debt-to-equity ratio of 0.51. The stock’s fifty day moving average is $104.90 and its two-hundred day moving average is $95.76. HealthEquity, Inc. has a 52 week low of $65.01 and a 52 week high of $115.59. The company has a market capitalization of $7.36 billion, a PE ratio of 77.87, a price-to-earnings-growth ratio of 1.60 and a beta of 0.62.

Analysts Set New Price Targets

A number of brokerages have commented on HQY. Raymond James lifted their price objective on shares of HealthEquity from $105.00 to $120.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 25th. Barrington Research reiterated an “outperform” rating and issued a $112.00 price target on shares of HealthEquity in a research report on Friday, March 14th. Royal Bank of Canada upped their price objective on HealthEquity from $100.00 to $105.00 and gave the company an “outperform” rating in a research report on Tuesday, December 10th. Wells Fargo & Company raised 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. Finally, JMP Securities raised their price objective on HealthEquity from $105.00 to $107.00 and gave the company a “market outperform” rating in a research note on Tuesday, December 10th. One research analyst has rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $112.92.

Insider Transactions at HealthEquity

In other news, Director Robert W. Selander sold 5,750 shares of the firm’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 transaction of $639,917.50. Following the transaction, the director now directly owns 78,219 shares of the company’s stock, valued at approximately $8,704,992.51. This trade represents a 6.85 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 2.20% of the company’s stock.

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.