BTC Capital Management Inc. Cuts Stake in HealthEquity, Inc. $HQY

BTC Capital Management Inc. cut its holdings in HealthEquity, Inc. (NASDAQ:HQY) by 16.9% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,646 shares of the company’s stock after selling 947 shares during the quarter. BTC Capital Management Inc.’s holdings in HealthEquity were worth $486,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in HQY. Farther Finance Advisors LLC raised its stake in HealthEquity by 232.4% during the 2nd quarter. Farther Finance Advisors LLC now owns 246 shares of the company’s stock valued at $26,000 after buying an additional 172 shares during the last quarter. WPG Advisers LLC purchased a new position in HealthEquity during the first quarter valued at approximately $28,000. Versant Capital Management Inc purchased a new stake in HealthEquity in the 1st quarter worth $28,000. Northwestern Mutual Wealth Management Co. grew its position in shares of HealthEquity by 176.4% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 655 shares of the company’s stock worth $58,000 after purchasing an additional 418 shares in the last quarter. Finally, Larson Financial Group LLC boosted its position in shares of HealthEquity by 1,366.0% during the first quarter. Larson Financial Group LLC now owns 689 shares of the company’s stock worth $61,000 after acquiring an additional 642 shares during the last quarter. Hedge funds and other institutional investors own 99.55% of the company’s stock.

Insider Buying and Selling

In other HealthEquity news, EVP Michael Henry Fiore sold 1,794 shares of the business’s stock in a transaction dated Monday, July 7th. The shares were sold at an average price of $101.73, for a total value of $182,503.62. Following the transaction, the executive vice president directly owned 53,225 shares in the company, valued at $5,414,579.25. The trade was a 3.26% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 1.50% of the stock is owned by company insiders.

Analyst Ratings Changes

HQY has been the topic of several recent research reports. Royal Bank Of Canada upped their price objective on HealthEquity from $109.00 to $110.00 and gave the stock an “outperform” rating in a report on Wednesday, September 3rd. Raymond James Financial restated a “strong-buy” rating and issued a $120.00 target price (up from $115.00) on shares of HealthEquity in a report on Tuesday, July 8th. Wall Street Zen raised shares of HealthEquity from a “hold” rating to a “buy” rating in a report on Friday, June 6th. Barrington Research restated an “outperform” rating and set a $125.00 price objective on shares of HealthEquity in a research report on Friday, August 29th. Finally, JPMorgan Chase & Co. lifted 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. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $119.77.

HealthEquity Price Performance

NASDAQ:HQY opened at $93.74 on Monday. The stock has a 50 day moving average price of $92.85 and a 200 day moving average price of $93.94. The stock has a market cap of $8.08 billion, a PE ratio of 56.81, a P/E/G ratio of 1.34 and a beta of 0.50. The company has a debt-to-equity ratio of 0.47, a quick ratio of 4.23 and a current ratio of 4.23. HealthEquity, Inc. has a one year low of $74.07 and a one year high of $116.65.

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.