Skandinaviska Enskilda Banken AB publ Raises Stake in HealthEquity, Inc. (NASDAQ:HQY)

Skandinaviska Enskilda Banken AB publ increased its stake in shares of HealthEquity, Inc. (NASDAQ:HQY) by 1,934.8% during the fourth quarter, HoldingsChannel.com reports. The firm owned 468 shares of the company’s stock after buying an additional 445 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in HealthEquity were worth $45,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in HQY. Arcadia Investment Management Corp MI purchased a new stake in HealthEquity during the 4th quarter worth about $26,000. Smartleaf Asset Management LLC raised its holdings 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 acquiring an additional 98 shares in the last quarter. Proficio Capital Partners LLC purchased a new stake in shares of HealthEquity in the 4th quarter valued at about $39,000. UMB Bank n.a. raised its holdings in shares of HealthEquity by 65.6% in the 4th 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, Lindbrook Capital LLC raised its holdings in shares of HealthEquity by 27.6% in the 4th quarter. Lindbrook Capital LLC now owns 750 shares of the company’s stock valued at $72,000 after acquiring an additional 162 shares in the last quarter. Hedge funds and other institutional investors own 99.55% of the company’s stock.

Wall Street Analysts Forecast Growth

HQY has been the topic of several recent analyst reports. Raymond James raised their price target on HealthEquity from $105.00 to $120.00 and gave the company an “outperform” rating in a report on Tuesday, February 25th. Royal Bank of Canada raised their price target on HealthEquity from $100.00 to $105.00 and gave the company an “outperform” rating in a report on Tuesday, December 10th. Barrington Research reaffirmed an “outperform” rating and issued a $112.00 price target on shares of HealthEquity in a report on Friday, March 14th. Wells Fargo & Company raised their price target on HealthEquity from $110.00 to $125.00 and gave the company an “overweight” rating in a report on Wednesday, February 26th. Finally, JMP Securities increased their price objective on HealthEquity from $105.00 to $107.00 and gave the company a “market outperform” rating in a research report on Tuesday, December 10th. One research analyst has rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $112.92.

Insider Buying and Selling

In related news, Director Robert W. Selander sold 5,750 shares of the firm’s stock in a transaction that occurred 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 transaction, the director now directly owns 78,219 shares in the company, valued at $8,704,992.51. This trade represents a 6.85 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 2.20% of the stock is owned by corporate insiders.

HealthEquity Price Performance

HQY opened at $101.67 on Wednesday. The stock’s 50 day simple moving average is $105.82 and its 200 day simple moving average is $95.67. The company has a debt-to-equity ratio of 0.51, a current ratio of 3.20 and a quick ratio of 3.20. HealthEquity, Inc. has a 1 year low of $65.01 and a 1 year high of $115.59. The firm has a market cap of $8.81 billion, a price-to-earnings ratio of 93.28, a PEG ratio of 1.60 and a beta of 0.62.

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.