HealthEquity, Inc. (NASDAQ:HQY) Holdings Cut by Clearbridge Investments LLC

Clearbridge Investments LLC lowered its stake in shares of HealthEquity, Inc. (NASDAQ:HQY) by 13.7% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,060,026 shares of the company’s stock after selling 328,366 shares during the period. Clearbridge Investments LLC owned about 2.38% of HealthEquity worth $197,659,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Arcadia Investment Management Corp MI purchased a new position in HealthEquity in the fourth quarter valued at about $26,000. Smartleaf Asset Management LLC grew its stake in shares of HealthEquity by 34.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 384 shares of the company’s stock valued at $37,000 after buying an additional 98 shares in the last quarter. Proficio Capital Partners LLC acquired a new position in HealthEquity in the fourth quarter worth approximately $39,000. UMB Bank n.a. raised its position in HealthEquity by 65.6% during the fourth quarter. UMB Bank n.a. now owns 414 shares of the company’s stock valued at $40,000 after acquiring an additional 164 shares in the last quarter. Finally, Skandinaviska Enskilda Banken AB publ lifted its stake in HealthEquity by 1,934.8% in the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 468 shares of the company’s stock valued at $45,000 after acquiring an additional 445 shares during the last quarter. 99.55% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Robert W. Selander sold 5,750 shares of the 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 transaction, the director now owns 78,219 shares of the company’s stock, valued at $8,704,992.51. This represents a 6.85 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 2.20% of the stock is owned by company insiders.

HealthEquity Price Performance

Shares of HQY stock opened at $86.96 on Monday. HealthEquity, Inc. has a 12 month low of $65.01 and a 12 month high of $115.59. The company has a market capitalization of $7.52 billion, a P/E ratio of 79.78, a P/E/G ratio of 1.60 and a beta of 0.62. The stock has a 50 day moving average of $103.63 and a two-hundred day moving average of $96.21. The company has a current ratio of 3.20, a quick ratio of 3.20 and a debt-to-equity ratio of 0.51.

Wall Street Analyst Weigh In

HQY has been the topic of several analyst reports. The Goldman Sachs Group dropped their price target on shares of HealthEquity from $107.00 to $94.00 and set a “neutral” rating on the stock in a research note on Thursday. JMP Securities upped their price target on HealthEquity from $105.00 to $107.00 and gave the stock a “market outperform” rating in a research note on Tuesday, December 10th. Wells Fargo & Company raised their price objective on HealthEquity from $110.00 to $125.00 and gave the company an “overweight” rating in a research note on Wednesday, February 26th. Mizuho assumed coverage on HealthEquity in a report on Wednesday, December 4th. They issued an “outperform” rating and a $126.00 target price for the company. Finally, Raymond James raised shares of HealthEquity from an “outperform” rating to a “strong-buy” rating and dropped their price target for the company from $120.00 to $115.00 in a research report on Tuesday, March 25th. 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. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average 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.