8,030 Shares in HealthEquity, Inc. (NASDAQ:HQY) Bought by Cibc World Markets Corp

Cibc World Markets Corp bought a new position in HealthEquity, Inc. (NASDAQ:HQY) during the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 8,030 shares of the company’s stock, valued at approximately $770,000.

Other institutional investors also recently bought and sold shares of the company. Smartleaf Asset Management LLC increased its stake in 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 buying an additional 98 shares in the last quarter. Louisiana State Employees Retirement System increased its stake in HealthEquity by 0.4% in the 4th quarter. Louisiana State Employees Retirement System now owns 24,200 shares of the company’s stock worth $2,322,000 after buying an additional 100 shares in the last quarter. Oregon Public Employees Retirement Fund increased its stake in HealthEquity by 0.6% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 17,776 shares of the company’s stock worth $1,706,000 after buying an additional 100 shares in the last quarter. State of Michigan Retirement System increased its stake in HealthEquity by 0.5% in the 4th quarter. State of Michigan Retirement System now owns 20,722 shares of the company’s stock worth $1,988,000 after buying an additional 100 shares in the last quarter. Finally, Raymond James Trust N.A. increased its stake in HealthEquity by 4.8% in the 3rd quarter. Raymond James Trust N.A. now owns 2,905 shares of the company’s stock worth $238,000 after buying an additional 132 shares in the last quarter. 99.55% of the stock is owned by institutional investors.

HealthEquity Stock Up 0.3 %

Shares of NASDAQ HQY 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 debt-to-equity ratio of 0.51, a current ratio of 3.20 and a quick ratio of 3.20. HealthEquity, Inc. has a 1 year low of $65.01 and a 1 year high of $115.59. The company has a market cap of $7.36 billion, a P/E ratio of 77.87, a PEG ratio of 1.60 and a beta of 0.62.

Insider Activity

In other news, Director Robert W. Selander sold 5,750 shares of HealthEquity 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 completion of the sale, the director now owns 78,219 shares of the company’s stock, valued at approximately $8,704,992.51. The trade was a 6.85 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 2.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on HQY shares. Barrington Research restated an “outperform” rating and set a $112.00 price objective on shares of HealthEquity in a research report on Friday, March 14th. Mizuho began coverage on HealthEquity in a research report on Wednesday, December 4th. They set an “outperform” rating and a $126.00 price objective for the company. Royal Bank of Canada lifted their price target 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 lifted their price target on HealthEquity from $105.00 to $107.00 and gave the stock a “market outperform” rating in a research report on Tuesday, December 10th. Finally, Wells Fargo & Company lifted their price target on HealthEquity from $110.00 to $125.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 26th. One investment analyst has rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus 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.