Level Four Advisory Services LLC Acquires 138 Shares of HealthEquity, Inc. (NASDAQ:HQY)

Level Four Advisory Services LLC lifted its stake in shares of HealthEquity, Inc. (NASDAQ:HQY) by 5.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 2,736 shares of the company’s stock after purchasing an additional 138 shares during the quarter. Level Four Advisory Services LLC’s holdings in HealthEquity were worth $263,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in HQY. Cerity Partners LLC increased its holdings in HealthEquity by 15.1% during the 3rd quarter. Cerity Partners LLC now owns 17,259 shares of the company’s stock worth $1,413,000 after acquiring an additional 2,258 shares during the period. BNP Paribas Financial Markets grew its position in shares of HealthEquity by 165.7% during the 3rd quarter. BNP Paribas Financial Markets now owns 20,437 shares of the company’s stock valued at $1,673,000 after purchasing an additional 12,745 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of HealthEquity by 28.5% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 22,526 shares of the company’s stock worth $1,844,000 after purchasing an additional 4,993 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of HealthEquity by 1.9% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 329,477 shares of the company’s stock worth $26,968,000 after buying an additional 6,197 shares in the last quarter. Finally, Edgestream Partners L.P. bought a new stake in HealthEquity during the third quarter valued at $1,228,000. 99.55% of the stock is currently owned by institutional investors.

HealthEquity Trading Down 1.5 %

Shares of HQY stock opened at $87.05 on Wednesday. The business has a 50-day moving average of $103.00 and a 200 day moving average of $96.36. 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 stock has a market capitalization of $7.53 billion, a PE ratio of 79.86, a P/E/G ratio of 1.60 and a beta of 0.62.

Wall Street Analyst Weigh In

Several analysts have weighed in on HQY shares. Mizuho began coverage on HealthEquity in a report on Wednesday, December 4th. They issued an “outperform” rating and a $126.00 price target on the stock. The Goldman Sachs Group decreased their price target on shares of HealthEquity from $107.00 to $94.00 and set a “neutral” rating on the stock in a report on Thursday, March 27th. Raymond James raised shares of HealthEquity from an “outperform” rating to a “strong-buy” rating and dropped their price objective for the stock from $120.00 to $115.00 in a report on Tuesday, March 25th. Royal Bank of Canada increased their target price on HealthEquity from $100.00 to $105.00 and gave the company an “outperform” rating in a research note on Tuesday, December 10th. Finally, Barrington Research reaffirmed an “outperform” rating and set a $112.00 price target on shares of HealthEquity in a research note on Friday, March 14th. One equities research analyst has rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Buy” and an average target price of $112.23.

Insider Buying and Selling at HealthEquity

In other HealthEquity news, Director Robert W. Selander sold 5,750 shares of the business’s stock in a transaction dated 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. The trade was a 6.85 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 2.20% of the company’s stock.

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.