Proficio Capital Partners LLC Invests $39,000 in HealthEquity, Inc. (NASDAQ:HQY)

Proficio Capital Partners LLC acquired a new stake in HealthEquity, Inc. (NASDAQ:HQY) during the 4th quarter, HoldingsChannel reports. The firm acquired 38,764 shares of the company’s stock, valued at approximately $39,000.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Raymond James Trust N.A. grew its position in HealthEquity by 4.8% in the third quarter. Raymond James Trust N.A. now owns 2,905 shares of the company’s stock worth $238,000 after acquiring an additional 132 shares in the last quarter. Citigroup Inc. lifted its position in shares of HealthEquity by 73.0% during the 3rd quarter. Citigroup Inc. now owns 102,107 shares of the company’s stock worth $8,357,000 after purchasing an additional 43,084 shares during the last quarter. Cerity Partners LLC boosted its stake in HealthEquity by 15.1% during the 3rd quarter. Cerity Partners LLC now owns 17,259 shares of the company’s stock valued at $1,413,000 after purchasing an additional 2,258 shares during the period. BNP Paribas Financial Markets grew its holdings in HealthEquity by 165.7% in the 3rd quarter. BNP Paribas Financial Markets now owns 20,437 shares of the company’s stock valued at $1,673,000 after buying an additional 12,745 shares during the last quarter. Finally, Townsquare Capital LLC increased its position in HealthEquity by 3.9% in the 3rd quarter. Townsquare Capital LLC now owns 22,292 shares of the company’s stock worth $1,825,000 after buying an additional 839 shares during the period. 99.55% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at HealthEquity

In other news, Director Robert W. Selander sold 5,750 shares of the stock in a transaction on Monday, February 10th. The stock was sold at an average price of $111.29, for a total transaction of $639,917.50. Following the sale, the director now owns 78,219 shares in the company, 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 accessible through this link. Company insiders own 2.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Royal Bank of Canada raised their price objective on shares of HealthEquity from $100.00 to $105.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 10th. Wells Fargo & Company boosted their price objective on shares of HealthEquity from $110.00 to $125.00 and gave the stock an “overweight” rating in a report on Wednesday, February 26th. The Goldman Sachs Group reduced their target price on shares of HealthEquity from $107.00 to $94.00 and set a “neutral” rating for the company in a research note on Thursday. JMP Securities raised their price objective 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, Mizuho began coverage on HealthEquity in a research report on Wednesday, December 4th. They set an “outperform” rating and a $126.00 price objective on the stock. One research analyst has rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $112.23.

HealthEquity Stock Down 2.1 %

Shares of NASDAQ:HQY opened at $86.96 on Friday. The company has a market capitalization of $7.52 billion, a PE ratio of 79.78, a P/E/G ratio of 1.60 and a beta of 0.62. 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’s fifty day moving average is $103.63 and its 200-day moving average is $95.91. HealthEquity, Inc. has a 52 week low of $65.01 and a 52 week high of $115.59.

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.