New Age Alpha Advisors LLC Makes New $249,000 Investment in HealthEquity, Inc. (NASDAQ:HQY)

New Age Alpha Advisors LLC acquired a new stake in shares of HealthEquity, Inc. (NASDAQ:HQY) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 2,591 shares of the company’s stock, valued at approximately $249,000.

A number of other hedge funds also recently made changes to their positions in HQY. Wealthfront Advisers LLC purchased a new stake in HealthEquity in the fourth quarter worth approximately $10,304,089,000. Vanguard Group Inc. boosted its stake in shares of HealthEquity by 1.1% in the 4th quarter. Vanguard Group Inc. now owns 8,976,091 shares of the company’s stock valued at $861,256,000 after purchasing an additional 99,624 shares in the last quarter. State Street Corp grew its holdings in shares of HealthEquity by 0.8% during the 3rd quarter. State Street Corp now owns 3,131,900 shares of the company’s stock valued at $256,346,000 after purchasing an additional 23,613 shares during the last quarter. Geode Capital Management LLC lifted its stake in HealthEquity by 0.7% in the third quarter. Geode Capital Management LLC now owns 2,078,977 shares of the company’s stock worth $170,197,000 after purchasing an additional 15,145 shares during the last quarter. Finally, Franklin Resources Inc. boosted its position in HealthEquity by 0.7% during the third quarter. Franklin Resources Inc. now owns 1,640,215 shares of the company’s stock valued at $139,369,000 after buying an additional 11,659 shares during the period. 99.55% of the stock is owned by institutional investors.

Insider Activity 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 stock was sold at an average price of $111.29, for a total value of $639,917.50. Following the completion of the transaction, 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.20% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

HQY has been the subject of several analyst reports. Mizuho began coverage on shares of HealthEquity in a research report on Wednesday, December 4th. They set an “outperform” rating and a $126.00 price target for the company. KeyCorp reduced their target price on HealthEquity from $120.00 to $110.00 and set an “overweight” rating on the stock in a research note on Monday, March 24th. Barrington Research reaffirmed an “outperform” rating and issued a $112.00 price target on shares of HealthEquity in a research note on Friday, March 14th. JMP Securities upped their price objective on shares of HealthEquity from $105.00 to $107.00 and gave the stock a “market outperform” rating in a report on Tuesday, December 10th. Finally, The Goldman Sachs Group cut their target price on shares of HealthEquity from $107.00 to $94.00 and set a “neutral” rating on the stock in a research note on Thursday, March 27th. One analyst has rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, HealthEquity currently has an average rating of “Buy” and an average price target of $112.58.

HealthEquity Trading Up 1.9 %

NASDAQ:HQY opened at $88.74 on Thursday. The stock has a market cap of $7.68 billion, a price-to-earnings ratio of 81.41, a PEG ratio of 1.60 and a beta of 0.62. 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 company’s 50 day moving average price is $102.66 and its 200-day moving average price is $96.30. HealthEquity, Inc. has a 52 week low of $65.01 and a 52 week high of $115.59.

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.