Fmr LLC Has $50,587,000 Stake in Healthequity Inc (HQY)

Fmr LLC increased its position in Healthequity Inc (NASDAQ:HQY) by 119.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,248,441 shares of the company’s stock after buying an additional 680,671 shares during the period. Fmr LLC owned 2.10% of Healthequity worth $50,587,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of HQY. Macquarie Group Ltd. bought a new stake in shares of Healthequity during the second quarter worth about $2,309,000. Capstone Asset Management Co. increased its stake in shares of Healthequity by 18.5% in the third quarter. Capstone Asset Management Co. now owns 12,680 shares of the company’s stock worth $480,000 after buying an additional 1,980 shares in the last quarter. DORCHESTER WEALTH MANAGEMENT Co bought a new stake in shares of Healthequity during the third quarter worth about $454,000. Lebenthal Lisanti Capital Growth LLC bought a new stake in shares of Healthequity during the third quarter worth about $666,000. Finally, Louisiana State Employees Retirement System increased its stake in shares of Healthequity by 21.0% in the third quarter. Louisiana State Employees Retirement System now owns 19,000 shares of the company’s stock worth $719,000 after buying an additional 3,300 shares in the last quarter. Institutional investors own 89.22% of the company’s stock.

Institutional Ownership by Quarter for Healthequity (NASDAQ:HQY)

Shares of Healthequity Inc (NASDAQ:HQY) opened at 45.94 on Tuesday. The stock has a market cap of $2.73 billion, a price-to-earnings ratio of 109.38 and a beta of 1.94. The firm has a 50-day moving average price of $44.16 and a 200-day moving average price of $40.32. Healthequity Inc has a 1-year low of $21.90 and a 1-year high of $49.25.

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HQY has been the subject of a number of analyst reports. Zacks Investment Research downgraded Healthequity from a “hold” rating to a “sell” rating in a research report on Monday, December 12th. Chardan Capital initiated coverage on Healthequity in a research report on Tuesday, December 13th. They issued a “buy” rating and a $50.00 price target for the company. KeyCorp initiated coverage on Healthequity in a research report on Monday, January 23rd. They issued an “overweight” rating and a $60.00 price target for the company. Oppenheimer Holdings Inc. initiated coverage on Healthequity in a research report on Monday, March 13th. They issued an “outperform” rating and a $58.00 price target for the company. Finally, Wells Fargo & Co initiated coverage on Healthequity in a research report on Tuesday, March 14th. They issued an “outperform” rating for the company. Three investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Healthequity currently has a consensus rating of “Buy” and an average price target of $41.82.

In related news, Director Frank Corvino sold 35,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 3rd. The stock was sold at an average price of $40.33, for a total transaction of $1,411,550.00. Following the completion of the sale, the director now directly owns 7,500 shares in the company, valued at $302,475. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Darcy G. Mott sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, January 20th. The stock was sold at an average price of $47.73, for a total value of $477,300.00. Following the sale, the vice president now owns 70,000 shares of the company’s stock, valued at $3,341,100. The disclosure for this sale can be found here. Insiders have sold 1,096,984 shares of company stock valued at $50,690,909 over the last quarter. 29.00% of the stock is owned by company insiders.

Healthequity Company Profile

HealthEquity, Inc provides a range of solutions for managing healthcare accounts (Health Savings Accounts (HSAs), Health Reimbursement Arrangements (HRAs) and Flexible Spending Accounts (FSAs)) for health plans, insurance companies and third-party administrators. The Company is engaged in technology-enabled services platforms that allow consumers to make healthcare saving and spending decisions.

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