Federated Hermes Inc. Grows Holdings in HealthEquity, Inc. (NASDAQ:HQY)

Federated Hermes Inc. lifted its holdings in HealthEquity, Inc. (NASDAQ:HQY – Get Rating) by 6.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,927 shares of the company’s stock after buying an additional 907 shares during the quarter. Federated Hermes Inc.’s holdings in HealthEquity were worth $1,070,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of HQY. BlackRock Inc. lifted its stake in shares of HealthEquity by 4.0% in the 1st quarter. BlackRock Inc. now owns 9,423,008 shares of the company’s stock worth $635,488,000 after purchasing an additional 358,743 shares during the period. Wasatch Advisors Inc. lifted its stake in shares of HealthEquity by 3.3% in the 1st quarter. Wasatch Advisors Inc. now owns 7,638,935 shares of the company’s stock worth $515,170,000 after purchasing an additional 244,868 shares during the period. FMR LLC raised its stake in HealthEquity by 11.6% during the 2nd quarter. FMR LLC now owns 3,589,800 shares of the company’s stock worth $220,378,000 after acquiring an additional 373,264 shares during the period. State Street Corp raised its stake in HealthEquity by 2.6% during the 1st quarter. State Street Corp now owns 2,642,658 shares of the company’s stock worth $178,221,000 after acquiring an additional 68,071 shares during the period. Finally, Brown Advisory Inc. raised its stake in HealthEquity by 12.7% during the 3rd quarter. Brown Advisory Inc. now owns 2,059,396 shares of the company’s stock worth $138,330,000 after acquiring an additional 232,691 shares during the period. 99.54% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Gayle Furgurson Wellborn sold 5,237 shares of the firm’s stock in a transaction on Wednesday, December 14th. The stock was sold at an average price of $62.00, for a total value of $324,694.00. Following the completion of the sale, the director now directly owns 12,023 shares in the company, valued at $745,426. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 2.80% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research firms have commented on HQY. StockNews.com upgraded shares of HealthEquity from a “sell” rating to a “hold” rating in a research note on Wednesday, February 1st. Raymond James raised their target price on shares of HealthEquity from $75.00 to $85.00 and gave the stock an “outperform” rating in a research note on Monday, December 12th. Robert W. Baird increased their price objective on shares of HealthEquity to $75.00 in a report on Monday, December 12th. Wells Fargo & Company cut their price objective on shares of HealthEquity from $101.00 to $89.00 and set an “overweight” rating for the company in a report on Friday, February 3rd. Finally, Guggenheim increased their price objective on shares of HealthEquity from $89.00 to $94.00 and gave the company a “buy” rating in a report on Wednesday, December 7th. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $80.62.

HealthEquity Stock Down 15.0 %

Shares of HQY opened at $52.44 on Tuesday. The company has a market cap of $4.44 billion, a PE ratio of -74.91, a P/E/G ratio of 2.72 and a beta of 0.80. The business has a fifty day moving average of $61.74 and a 200 day moving average of $65.37. HealthEquity, Inc. has a 52-week low of $51.10 and a 52-week high of $79.20. The company has a quick ratio of 3.01, a current ratio of 3.01 and a debt-to-equity ratio of 0.48.

HealthEquity Company Profile

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HealthEquity, Inc provides range of solutions for managing health care accounts. The firm’s offers its solutions for employers, health plans, brokers, consultants and financial advisors. Its services include HAS, FSA, HRA, DCRA, 401(k), Commuter, COBRA and HIA. It also offers products like healthcare saving and spending platform, health savings accounts, investment advisory services, reimbursement arrangements, and healthcare incentives.