Meiji Yasuda Asset Management Co Ltd. Invests $205,000 in HealthEquity, Inc. (NASDAQ:HQY)

Meiji Yasuda Asset Management Co Ltd. acquired a new stake in HealthEquity, Inc. (NASDAQ:HQY) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 2,141 shares of the company’s stock, valued at approximately $205,000.

Several other hedge funds have also added to or reduced their stakes in HQY. Wealthfront Advisers LLC bought a new stake in shares of HealthEquity during the fourth quarter worth $10,304,089,000. Wasatch Advisors LP increased its holdings in HealthEquity by 6.6% during the 3rd quarter. Wasatch Advisors LP now owns 7,758,890 shares of the company’s stock worth $635,065,000 after purchasing an additional 483,269 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of HealthEquity in the 4th quarter valued at about $45,728,000. Geneva Capital Management LLC lifted its holdings 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 valued at $100,642,000 after purchasing an additional 206,894 shares in the last quarter. Finally, Barclays PLC boosted its position in shares of HealthEquity by 209.3% during the third quarter. Barclays PLC now owns 166,492 shares of the company’s stock worth $13,628,000 after buying an additional 112,667 shares during the period. Institutional investors and hedge funds own 99.55% of the company’s stock.

Insider Activity at HealthEquity

In other HealthEquity news, Director Robert W. Selander sold 5,750 shares of HealthEquity 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 completion of the sale, the director now owns 78,219 shares in the company, valued at $8,704,992.51. The trade was a 6.85 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 2.20% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on HQY shares. Mizuho began coverage on HealthEquity in a research note on Wednesday, December 4th. They issued an “outperform” rating and a $126.00 target price on the stock. Barrington Research restated an “outperform” rating and set a $112.00 target price on shares of HealthEquity in a report on Friday, March 14th. The Goldman Sachs Group decreased their target price on shares of HealthEquity from $107.00 to $94.00 and set a “neutral” rating for the company in a research report on Thursday. Royal Bank of Canada increased 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. Finally, KeyCorp decreased their target price on shares of HealthEquity from $120.00 to $110.00 and set an “overweight” rating for the company in a research note on Monday, March 24th. One 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 company. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $112.23.

HealthEquity Stock Performance

Shares of NASDAQ HQY opened at $86.96 on Friday. HealthEquity, Inc. has a one year low of $65.01 and a one year high of $115.59. The company has a debt-to-equity ratio of 0.51, a current ratio of 3.20 and a quick ratio of 3.20. The firm has a market cap of $7.52 billion, a price-to-earnings ratio of 79.78, a P/E/G ratio of 1.60 and a beta of 0.62. The stock’s fifty day moving average price is $103.63 and its two-hundred day moving average price is $95.91.

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.