DAVENPORT & Co LLC Decreases Holdings in HealthEquity, Inc. $HQY

DAVENPORT & Co LLC decreased its holdings in HealthEquity, Inc. (NASDAQ:HQY) by 9.4% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 311,957 shares of the company’s stock after selling 32,224 shares during the period. DAVENPORT & Co LLC owned approximately 0.36% of HealthEquity worth $32,705,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. 111 Capital bought a new stake in HealthEquity in the second quarter worth $342,000. Greenleaf Trust grew its position in HealthEquity by 22.3% during the 2nd quarter. Greenleaf Trust now owns 2,943 shares of the company’s stock worth $308,000 after acquiring an additional 536 shares during the last quarter. Avior Wealth Management LLC purchased a new position in HealthEquity in the 2nd quarter worth approximately $400,000. Signaturefd LLC boosted its stake in shares of HealthEquity by 20.9% during the second quarter. Signaturefd LLC now owns 1,286 shares of the company’s stock valued at $135,000 after purchasing an additional 222 shares during the period. Finally, Public Employees Retirement System of Ohio grew its holdings in shares of HealthEquity by 0.8% in the second quarter. Public Employees Retirement System of Ohio now owns 93,547 shares of the company’s stock worth $9,800,000 after purchasing an additional 733 shares during the last quarter. Institutional investors own 99.55% of the company’s stock.

HealthEquity Price Performance

HQY stock opened at $88.59 on Monday. The company has a debt-to-equity ratio of 0.47, a current ratio of 4.23 and a quick ratio of 4.23. HealthEquity, Inc. has a 1 year low of $74.07 and a 1 year high of $116.65. The firm has a 50-day moving average of $92.15 and a 200 day moving average of $93.85. The company has a market cap of $7.63 billion, a P/E ratio of 53.69, a PEG ratio of 1.27 and a beta of 0.47.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on HQY shares. Weiss Ratings reiterated a “hold (c+)” rating on shares of HealthEquity in a report on Saturday, September 27th. Barrington Research reaffirmed an “outperform” rating and set a $125.00 price objective on shares of HealthEquity in a research note on Friday, August 29th. Raymond James Financial reissued a “strong-buy” rating and issued a $120.00 target price (up from $115.00) on shares of HealthEquity in a research note on Tuesday, July 8th. Royal Bank Of Canada upped 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. Finally, JPMorgan Chase & Co. increased their price objective on HealthEquity from $125.00 to $126.00 and gave the stock an “overweight” rating in a report on Wednesday, September 3rd. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, HealthEquity presently has a consensus rating of “Moderate Buy” and a consensus target price of $119.77.

Insider Activity

In other news, EVP Delano Ladd sold 6,000 shares of the firm’s stock in a transaction that occurred on 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 in the company, valued at $7,477,604.16. This trade represents a 7.02% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 1.50% of the company’s stock.

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.