HealthEquity, Inc. (NASDAQ:HQY) Shares Acquired by Teacher Retirement System of Texas

Teacher Retirement System of Texas boosted its position in HealthEquity, Inc. (NASDAQ:HQY) by 11.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 19,039 shares of the company’s stock after acquiring an additional 1,880 shares during the quarter. Teacher Retirement System of Texas’ holdings in HealthEquity were worth $1,827,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Wealthfront Advisers LLC acquired a new position in shares of HealthEquity in the 4th quarter valued at about $10,304,089,000. Wasatch Advisors LP lifted its position in HealthEquity by 6.6% during the third quarter. Wasatch Advisors LP now owns 7,758,890 shares of the company’s stock valued at $635,065,000 after buying an additional 483,269 shares in the last quarter. Raymond James Financial Inc. acquired a new position in HealthEquity during the fourth quarter valued at approximately $45,728,000. Geneva Capital Management LLC increased its position in shares of HealthEquity by 24.6% in the fourth quarter. Geneva Capital Management LLC now owns 1,048,903 shares of the company’s stock worth $100,642,000 after acquiring an additional 206,894 shares in the last quarter. Finally, Barclays PLC increased its position in shares of HealthEquity by 209.3% in the third quarter. Barclays PLC now owns 166,492 shares of the company’s stock worth $13,628,000 after acquiring an additional 112,667 shares in the last quarter. Hedge funds and other institutional investors own 99.55% of the company’s stock.

HealthEquity Stock Down 0.4 %

NASDAQ:HQY opened at $88.83 on Friday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 3.20 and a current ratio of 3.20. The company has a market capitalization of $7.68 billion, a price-to-earnings ratio of 81.50, a price-to-earnings-growth ratio of 1.60 and a beta of 0.62. HealthEquity, Inc. has a one year low of $65.01 and a one year high of $115.59. The stock has a 50-day simple moving average of $103.94 and a 200 day simple moving average of $95.84.

Insiders Place Their Bets

In other HealthEquity news, Director Robert W. Selander sold 5,750 shares of the stock in a transaction 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 sale, the director now directly owns 78,219 shares of the company’s stock, 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 document filed with the Securities & Exchange Commission, which is available at the SEC website. 2.20% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of analysts recently weighed in on HQY shares. Raymond James raised shares of HealthEquity from an “outperform” rating to a “strong-buy” rating and decreased their price target for the stock from $120.00 to $115.00 in a research report on Tuesday. Royal Bank of Canada upped their target price on HealthEquity from $100.00 to $105.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 10th. KeyCorp lowered their target price on HealthEquity from $120.00 to $110.00 and set an “overweight” rating for the company in a research note on Monday. Barrington Research reissued an “outperform” rating and set a $112.00 price target on shares of HealthEquity in a research report on Friday, March 14th. Finally, The Goldman Sachs Group lowered their price objective on shares of HealthEquity from $107.00 to $94.00 and set a “neutral” rating for the company in a research report on Thursday. One research analyst has rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, HealthEquity presently has an average rating of “Buy” and a consensus price target of $112.23.

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.