Tectonic Advisors LLC Buys Shares of 34,553 HealthEquity, Inc. $HQY

Tectonic Advisors LLC bought a new stake in HealthEquity, Inc. (NASDAQ:HQYFree Report) during the 2nd quarter, HoldingsChannel.com reports. The institutional investor bought 34,553 shares of the company’s stock, valued at approximately $3,620,000.

Other hedge funds have also recently made changes to their positions in the company. Farther Finance Advisors LLC raised its stake in shares of HealthEquity by 232.4% in the second quarter. Farther Finance Advisors LLC now owns 246 shares of the company’s stock valued at $26,000 after buying an additional 172 shares during the period. WPG Advisers LLC purchased a new position in shares of HealthEquity in the first quarter valued at $28,000. Northwestern Mutual Wealth Management Co. grew its position in shares of HealthEquity by 176.4% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 655 shares of the company’s stock valued at $58,000 after purchasing an additional 418 shares in the last quarter. Sellwood Investment Partners LLC purchased a new position in shares of HealthEquity in the second quarter valued at $58,000. Finally, Larson Financial Group LLC grew its position in shares of HealthEquity by 1,366.0% in the first quarter. Larson Financial Group LLC now owns 689 shares of the company’s stock valued at $61,000 after purchasing an additional 642 shares in the last quarter. 99.55% of the stock is currently owned by institutional investors.

Insider Activity

In other news, EVP Michael Henry Fiore sold 1,781 shares of the company’s stock in a transaction dated Tuesday, October 7th. The stock was sold at an average price of $88.21, for a total value of $157,102.01. Following the completion of the transaction, the executive vice president directly owned 49,795 shares in the company, valued at approximately $4,392,416.95. This represents a 3.45% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Delano Ladd sold 6,000 shares of the company’s stock in a transaction dated Friday, September 19th. The stock was sold at an average price of $94.11, for a total value of $564,660.00. Following the completion of the transaction, the executive vice president owned 79,456 shares of the company’s stock, valued at $7,477,604.16. The trade was a 7.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.50% of the stock is owned by insiders.

HealthEquity Price Performance

HealthEquity stock opened at $92.09 on Thursday. HealthEquity, Inc. has a 52 week low of $74.07 and a 52 week high of $116.65. The business has a 50-day simple moving average of $91.71 and a 200 day simple moving average of $93.82. The company has a quick ratio of 4.23, a current ratio of 4.23 and a debt-to-equity ratio of 0.47. The stock has a market cap of $7.93 billion, a price-to-earnings ratio of 55.81, a PEG ratio of 1.27 and a beta of 0.47.

Wall Street Analysts Forecast Growth

HQY has been the subject of several recent research reports. Weiss Ratings reiterated a “hold (c+)” rating on shares of HealthEquity in a research report on Wednesday. Barrington Research reiterated an “outperform” rating and issued a $125.00 price target on shares of HealthEquity in a research report on Friday, August 29th. Royal Bank Of Canada lifted their price target on HealthEquity from $109.00 to $110.00 and gave the company an “outperform” rating in a research report on Wednesday, September 3rd. JPMorgan Chase & Co. lifted their price target on HealthEquity from $125.00 to $126.00 and gave the company an “overweight” rating in a research report on Wednesday, September 3rd. Finally, Jefferies Financial Group lifted their price target on HealthEquity from $130.00 to $134.00 and gave the company a “buy” rating in a research report on Wednesday, September 3rd. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $121.31.

Check Out Our Latest Research Report on HealthEquity

HealthEquity Profile

(Free Report)

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.

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Institutional Ownership by Quarter for HealthEquity (NASDAQ:HQY)

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