Police & Firemen s Retirement System of New Jersey Has $2.02 Million Stock Holdings in HealthEquity, Inc. $HQY

Police & Firemen s Retirement System of New Jersey raised its stake in shares of HealthEquity, Inc. (NASDAQ:HQY) by 3.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 19,264 shares of the company’s stock after purchasing an additional 692 shares during the quarter. Police & Firemen s Retirement System of New Jersey’s holdings in HealthEquity were worth $2,018,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the stock. Farther Finance Advisors LLC grew its position in 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 acquiring an additional 172 shares during the period. Caitong International Asset Management Co. Ltd bought a new position in shares of HealthEquity during the second quarter valued at $33,000. WPG Advisers LLC acquired a new stake in shares of HealthEquity in the 1st quarter valued at $28,000. Cullen Frost Bankers Inc. grew its holdings in shares of HealthEquity by 172.3% in the 2nd quarter. Cullen Frost Bankers Inc. now owns 354 shares of the company’s stock worth $37,000 after purchasing an additional 224 shares during the last quarter. Finally, Sellwood Investment Partners LLC bought a new stake in shares of HealthEquity in the 2nd quarter worth about $58,000. 99.55% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have commented on HQY shares. Royal Bank Of Canada boosted their price target on shares of 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. boosted their target price on HealthEquity from $125.00 to $126.00 and gave the stock an “overweight” rating in a report on Wednesday, September 3rd. BMO Capital Markets started coverage on HealthEquity in a research report on Thursday, November 13th. They set a “market perform” rating and a $100.00 price target on the stock. Wall Street Zen downgraded HealthEquity from a “buy” rating to a “hold” rating in a research report on Saturday, November 15th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of HealthEquity in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $119.00.

Insider Activity

In related news, EVP Michael Henry Fiore sold 1,781 shares of the business’s stock in a transaction that occurred on Tuesday, October 7th. The shares were sold at an average price of $88.21, for a total transaction of $157,102.01. Following the completion of the sale, the executive vice president directly owned 49,795 shares of the company’s stock, valued at $4,392,416.95. The trade was a 3.45% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, EVP Delano Ladd sold 1,500 shares of the stock in a transaction that occurred on Monday, October 20th. The shares were sold at an average price of $92.07, for a total transaction of $138,105.00. Following the completion of the transaction, the executive vice president owned 76,979 shares in the company, valued at $7,087,456.53. This represents a 1.91% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 9,281 shares of company stock valued at $859,867 over the last three months. Company insiders own 1.50% of the company’s stock.

HealthEquity Stock Performance

HQY stock opened at $103.55 on Thursday. The company has a 50 day moving average price of $94.60 and a 200 day moving average price of $96.30. HealthEquity, Inc. has a fifty-two week low of $74.07 and a fifty-two week high of $116.65. The company has a debt-to-equity ratio of 0.47, a current ratio of 4.23 and a quick ratio of 4.23. The stock has a market capitalization of $8.92 billion, a PE ratio of 62.76, a price-to-earnings-growth ratio of 1.36 and a beta of 0.47.

HealthEquity (NASDAQ:HQY) last released its earnings results on Tuesday, September 2nd. The company reported $0.92 EPS for the quarter, meeting the consensus estimate of $0.92. The company had revenue of $325.80 million during the quarter, compared to analysts’ expectations of $320.68 million. HealthEquity had a return on equity of 12.04% and a net margin of 11.49%. HealthEquity has set its FY 2026 guidance at 3.740-3.91 EPS. Analysts forecast that HealthEquity, Inc. will post 2.32 EPS for the current year.

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.