CIBC Private Wealth Group LLC Grows Stake in HealthEquity, Inc. (NASDAQ:HQY)

CIBC Private Wealth Group LLC grew its position in HealthEquity, Inc. (NASDAQ:HQY) by 0.4% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 63,853 shares of the company’s stock after purchasing an additional 231 shares during the quarter. CIBC Private Wealth Group LLC’s holdings in HealthEquity were worth $6,369,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Arcadia Investment Management Corp MI purchased a new stake in HealthEquity in the fourth quarter worth about $26,000. Smartleaf Asset Management LLC lifted its position in shares of HealthEquity by 34.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 384 shares of the company’s stock worth $37,000 after purchasing an additional 98 shares during the period. Proficio Capital Partners LLC purchased a new stake in shares of HealthEquity in the 4th quarter worth approximately $39,000. UMB Bank n.a. boosted its stake in shares of HealthEquity by 65.6% during the fourth quarter. UMB Bank n.a. now owns 414 shares of the company’s stock valued at $40,000 after purchasing an additional 164 shares in the last quarter. Finally, Skandinaviska Enskilda Banken AB publ increased its holdings in HealthEquity by 1,934.8% during the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 468 shares of the company’s stock valued at $45,000 after buying an additional 445 shares during the period. Institutional investors own 99.55% of the company’s stock.

Analysts Set New Price Targets

HQY has been the topic of several recent research reports. Royal Bank of Canada increased their target price on HealthEquity from $100.00 to $105.00 and gave the company an “outperform” rating in a research report on Tuesday, December 10th. Wells Fargo & Company raised their price objective on HealthEquity from $110.00 to $125.00 and gave the company an “overweight” rating in a research report on Wednesday, February 26th. Raymond James raised shares of HealthEquity from an “outperform” rating to a “strong-buy” rating and decreased their price target for the company from $120.00 to $115.00 in a research report on Tuesday, March 25th. The Goldman Sachs Group lowered their price target on shares of HealthEquity from $107.00 to $94.00 and set a “neutral” rating on the stock in a report on Thursday, March 27th. Finally, Mizuho started coverage on shares of HealthEquity in a research note on Wednesday, December 4th. They set an “outperform” rating and a $126.00 price objective for the company. One equities research analyst has rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, HealthEquity has an average rating of “Buy” and an average target price of $112.23.

Insider Buying and Selling

In related news, Director Robert W. Selander sold 5,750 shares of the stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $111.29, for a total value of $639,917.50. Following the transaction, the director now owns 78,219 shares in the company, valued at approximately $8,704,992.51. This represents a 6.85 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 2.20% of the stock is currently owned by company insiders.

HealthEquity Trading Down 1.5 %

NASDAQ:HQY opened at $87.05 on Wednesday. The company has a market capitalization of $7.53 billion, a P/E ratio of 79.86, a PEG ratio of 1.60 and a beta of 0.62. The company has a current ratio of 3.20, a quick ratio of 3.20 and a debt-to-equity ratio of 0.51. HealthEquity, Inc. has a 12 month low of $65.01 and a 12 month high of $115.59. The firm has a fifty day simple moving average of $103.00 and a 200-day simple moving average of $96.36.

About HealthEquity

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.