Nicolet Advisory Services LLC Reduces Stake in HealthEquity, Inc. (NASDAQ:HQY)

Nicolet Advisory Services LLC cut its stake in shares of HealthEquity, Inc. (NASDAQ:HQY) by 31.8% during the fourth quarter, HoldingsChannel reports. The firm owned 2,876 shares of the company’s stock after selling 1,342 shares during the quarter. Nicolet Advisory Services LLC’s holdings in HealthEquity were worth $289,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of HQY. BNP Paribas Financial Markets lifted its holdings in shares of HealthEquity by 165.7% in the 3rd quarter. BNP Paribas Financial Markets now owns 20,437 shares of the company’s stock worth $1,673,000 after acquiring an additional 12,745 shares during the last quarter. Centiva Capital LP bought a new stake in HealthEquity in the third quarter worth about $366,000. Holocene Advisors LP purchased a new position in shares of HealthEquity during the third quarter valued at approximately $1,246,000. Quarry LP grew its stake in shares of HealthEquity by 418.8% during the third quarter. Quarry LP now owns 1,349 shares of the company’s stock valued at $110,000 after buying an additional 1,089 shares during the last quarter. Finally, State Street Corp raised its holdings in shares of HealthEquity by 0.8% in the third quarter. State Street Corp now owns 3,131,900 shares of the company’s stock worth $256,346,000 after buying an additional 23,613 shares during the period. 99.55% of the stock is owned by institutional investors.

HealthEquity Trading Down 5.0 %

Shares of NASDAQ HQY opened at $78.80 on Friday. HealthEquity, Inc. has a 1-year low of $65.01 and a 1-year high of $115.59. The business has a fifty day moving average price of $101.66 and a 200 day moving average price of $96.21. The stock has a market capitalization of $6.82 billion, a P/E ratio of 72.29, a price-to-earnings-growth ratio of 1.60 and a beta of 0.49. The company has a debt-to-equity ratio of 0.51, a current ratio of 3.20 and a quick ratio of 3.20.

Insider Buying and Selling at HealthEquity

In other news, Director Robert W. Selander sold 5,750 shares of HealthEquity stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $111.29, for a total value of $639,917.50. Following the transaction, 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 2.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on HQY. KeyCorp cut their price objective on HealthEquity from $120.00 to $110.00 and set an “overweight” rating on the stock in a research report on Monday, March 24th. Wells Fargo & Company raised their price target on shares of HealthEquity from $110.00 to $125.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 26th. Barrington Research reissued an “outperform” rating and issued a $112.00 price objective on shares of HealthEquity in a research report on Friday, March 14th. The Goldman Sachs Group dropped 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. Finally, Royal Bank of Canada lifted their price target on shares of HealthEquity from $100.00 to $105.00 and gave the company an “outperform” rating in a research note on Tuesday, December 10th. One investment analyst has rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Buy” and a consensus price target 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.