Massachusetts Financial Services Co. MA Lowers Stake in HealthEquity, Inc. (NASDAQ:HQY)

Massachusetts Financial Services Co. MA lessened its stake in HealthEquity, Inc. (NASDAQ:HQY) by 9.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 438,345 shares of the company’s stock after selling 46,437 shares during the period. Massachusetts Financial Services Co. MA’s holdings in HealthEquity were worth $42,059,000 as of its most recent SEC filing.

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

HealthEquity Stock Performance

Shares of HealthEquity stock opened at $78.80 on Friday. The company has a 50 day moving average price of $101.66 and a 200 day moving average price of $96.33. The firm has a market capitalization of $6.82 billion, a P/E ratio of 72.29, a PEG ratio of 1.60 and a beta of 0.49. The company has a quick ratio of 3.20, a current ratio of 3.20 and a debt-to-equity ratio of 0.51. HealthEquity, Inc. has a 52 week low of $65.01 and a 52 week high of $115.59.

Insiders Place Their Bets

In related news, Director Robert W. Selander sold 5,750 shares of HealthEquity stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $111.29, for a total transaction of $639,917.50. Following the completion of the sale, the director now owns 78,219 shares of the company’s stock, valued at $8,704,992.51. The trade was a 6.85 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 2.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on HQY. Raymond James upgraded HealthEquity from an “outperform” rating to a “strong-buy” rating and decreased their price objective for the company from $120.00 to $115.00 in a report on Tuesday, March 25th. Royal Bank of Canada upped their price target on shares of HealthEquity from $100.00 to $105.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 10th. KeyCorp cut their price objective on shares of HealthEquity from $120.00 to $110.00 and set an “overweight” rating on the stock in a report on Monday, March 24th. JMP Securities boosted their price objective on shares of HealthEquity from $105.00 to $107.00 and gave the stock a “market outperform” rating in a research note on Tuesday, December 10th. Finally, Wells Fargo & Company increased their target price on HealthEquity from $110.00 to $125.00 and gave the company an “overweight” rating in a research report on Wednesday, February 26th. One investment 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’s stock. According to MarketBeat, HealthEquity presently has a consensus rating of “Buy” and an average target price of $112.58.

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.