Great West Life Assurance Co. Can boosted its position in shares of Healthequity Inc (NASDAQ:HQY) by 6.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 32,179 shares of the company’s stock after buying an additional 1,878 shares during the period. Great West Life Assurance Co. Can’s holdings in Healthequity were worth $1,782,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Legacy Financial Advisors Inc. bought a new stake in shares of Healthequity in the 4th quarter valued at approximately $28,000. MERIAN GLOBAL INVESTORS UK Ltd purchased a new stake in shares of Healthequity in the fourth quarter worth approximately $28,000. Duncker Streett & Co. Inc. purchased a new stake in shares of Healthequity in the fourth quarter worth approximately $30,000. Ffcm LLC purchased a new stake in shares of Healthequity in the fourth quarter worth approximately $122,000. Finally, Advisors Asset Management Inc. raised its holdings in shares of Healthequity by 21.0% in the fourth quarter. Advisors Asset Management Inc. now owns 3,510 shares of the company’s stock worth $209,000 after buying an additional 609 shares during the period. 96.26% of the stock is owned by institutional investors.

HQY opened at $73.57 on Tuesday. The firm has a market cap of $4.60 billion, a price-to-earnings ratio of 77.44, a PEG ratio of 2.53 and a beta of 1.72. Healthequity Inc has a 52 week low of $50.29 and a 52 week high of $101.58.

Healthequity (NASDAQ:HQY) last released its quarterly earnings data on Monday, March 18th. The company reported $0.21 EPS for the quarter, topping the consensus estimate of $0.15 by $0.06. The company had revenue of $75.78 million for the quarter, compared to the consensus estimate of $74.28 million. Healthequity had a return on equity of 13.59% and a net margin of 25.73%. Healthequity’s quarterly revenue was up 25.4% on a year-over-year basis. During the same period last year, the business posted $0.09 EPS. As a group, equities analysts predict that Healthequity Inc will post 0.94 earnings per share for the current fiscal year.

Several brokerages have recently weighed in on HQY. Cantor Fitzgerald increased their price target on Healthequity from $80.00 to $83.00 and gave the stock an “overweight” rating in a report on Thursday, February 7th. KeyCorp increased their price target on Healthequity from $74.00 to $90.00 and gave the stock an “overweight” rating in a report on Tuesday, March 19th. BidaskClub upgraded Healthequity from a “hold” rating to a “buy” rating in a report on Saturday, December 1st. Citigroup set a $102.00 price target on Healthequity and gave the stock a “buy” rating in a report on Tuesday, January 8th. Finally, Wells Fargo & Co reduced their price target on Healthequity from $100.00 to $90.00 and set an “outperform” rating on the stock in a report on Friday, December 7th. One research analyst has rated the stock with a sell rating, two have given a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $86.85.

In other Healthequity news, EVP Delano Ladd sold 6,875 shares of the stock in a transaction on Wednesday, February 20th. The stock was sold at an average price of $78.00, for a total transaction of $536,250.00. Following the sale, the executive vice president now owns 14,340 shares of the company’s stock, valued at approximately $1,118,520. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Darcy G. Mott sold 4,000 shares of the stock in a transaction on Tuesday, January 22nd. The shares were sold at an average price of $60.81, for a total value of $243,240.00. Following the sale, the vice president now directly owns 79,200 shares in the company, valued at approximately $4,816,152. The disclosure for this sale can be found here. Insiders have sold a total of 18,875 shares of company stock worth $1,429,370 over the last 90 days. 4.00% of the stock is currently owned by company insiders.

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About Healthequity

HealthEquity, Inc provides various solutions for managing health care accounts, health reimbursement arrangements, and flexible spending accounts for health plans, insurance companies, and third-party administrators in the United States. The company offers healthcare saving and spending platform, a cloud-based platform for individuals to make health saving and spending decisions, pay healthcare bills, compare treatment options and prices, receive personalized benefit and clinical 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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