GM Advisory Group LLC Sells 5,256 Shares of HealthEquity, Inc. (NASDAQ:HQY)

GM Advisory Group LLC cut its holdings in HealthEquity, Inc. (NASDAQ:HQY) by 5.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 83,757 shares of the company’s stock after selling 5,256 shares during the period. GM Advisory Group LLC owned about 0.10% of HealthEquity worth $8,036,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the business. Smartleaf Asset Management LLC increased its holdings 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 buying an additional 98 shares during the last quarter. Louisiana State Employees Retirement System increased its holdings in shares of HealthEquity by 0.4% in the 4th quarter. Louisiana State Employees Retirement System now owns 24,200 shares of the company’s stock worth $2,322,000 after buying an additional 100 shares during the last quarter. Oregon Public Employees Retirement Fund increased its holdings in shares of HealthEquity by 0.6% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 17,776 shares of the company’s stock worth $1,706,000 after buying an additional 100 shares during the last quarter. State of Michigan Retirement System grew its holdings in HealthEquity by 0.5% during the 4th quarter. State of Michigan Retirement System now owns 20,722 shares of the company’s stock valued at $1,988,000 after purchasing an additional 100 shares during the last quarter. Finally, Raymond James Trust N.A. grew its holdings in HealthEquity by 4.8% during the 3rd quarter. Raymond James Trust N.A. now owns 2,905 shares of the company’s stock valued at $238,000 after purchasing an additional 132 shares during the last quarter. 99.55% of the stock is currently owned by institutional investors.

Insider Transactions at HealthEquity

In other news, Director Robert W. Selander sold 5,750 shares of the company’s 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 completion of the sale, the director now owns 78,219 shares of the company’s stock, valued at approximately $8,704,992.51. This represents a 6.85 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 2.20% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently commented on HQY. Mizuho began coverage on shares of HealthEquity in a report on Wednesday, December 4th. They set an “outperform” rating and a $126.00 price target on the stock. Raymond James upped their price target on shares of HealthEquity from $105.00 to $120.00 and gave the company an “outperform” rating in a report on Tuesday, February 25th. JMP Securities upped their price target on shares of HealthEquity from $105.00 to $107.00 and gave the company a “market outperform” rating in a report on Tuesday, December 10th. Wells Fargo & Company upped their price target on shares of HealthEquity from $110.00 to $125.00 and gave the company an “overweight” rating in a report on Wednesday, February 26th. Finally, Barrington Research reiterated an “outperform” rating and set a $112.00 price target on shares of HealthEquity in a report on Friday, March 14th. One research analyst has rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, HealthEquity currently has an average rating of “Moderate Buy” and an average price target of $112.92.

HealthEquity Price Performance

Shares of HQY opened at $101.67 on Wednesday. The company has a 50 day moving average price of $105.82 and a 200-day moving average price of $95.67. HealthEquity, Inc. has a fifty-two week low of $65.01 and a fifty-two week high of $115.59. The stock has a market capitalization of $8.81 billion, a PE ratio of 93.28, a PEG ratio of 1.60 and a beta of 0.62. The company has a debt-to-equity ratio of 0.51, a quick ratio of 3.20 and a current ratio of 3.20.

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.