Nomura Asset Management Co. Ltd. grew its stake in Healthequity Inc (NASDAQ:HQY) by 14.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 26,900 shares of the company’s stock after acquiring an additional 3,300 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in Healthequity were worth $1,605,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the business. Legacy Financial Advisors Inc. purchased a new position in shares of Healthequity in the fourth quarter worth $28,000. MERIAN GLOBAL INVESTORS UK Ltd purchased a new position in shares of Healthequity in the fourth quarter worth $28,000. Duncker Streett & Co. Inc. purchased a new position in shares of Healthequity in the fourth quarter worth $30,000. Ffcm LLC purchased a new position in shares of Healthequity in the fourth quarter worth $122,000. Finally, Advisors Asset Management Inc. increased its position in Healthequity by 21.0% during the fourth quarter. Advisors Asset Management Inc. now owns 3,510 shares of the company’s stock valued at $209,000 after acquiring an additional 609 shares during the last quarter. 95.46% of the stock is currently owned by institutional investors and hedge funds.

Healthequity stock opened at $82.16 on Friday. The firm has a market cap of $5.10 billion, a P/E ratio of 152.15, a PEG ratio of 2.68 and a beta of 1.72. Healthequity Inc has a one year low of $50.29 and a one year high of $101.58.

A number of research firms recently commented on HQY. Zacks Investment Research cut Healthequity from a “hold” rating to a “sell” rating in a research report on Wednesday, February 27th. ValuEngine cut Healthequity from a “buy” rating to a “hold” rating in a research report on Saturday, December 15th. Finally, Bank of America reiterated a “neutral” rating and set a $82.00 price objective (up previously from $67.00) on shares of Healthequity in a research report on Friday, March 1st. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $87.85.

In other Healthequity news, EVP Delano Ladd sold 6,875 shares of the company’s stock in a transaction dated Wednesday, February 20th. The stock was sold at an average price of $78.00, for a total value of $536,250.00. Following the completion of the sale, the executive vice president now owns 14,340 shares in the company, valued at $1,118,520. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP Darcy G. Mott sold 4,000 shares of the company’s stock in a transaction dated Wednesday, February 20th. The stock was sold at an average price of $77.87, for a total value of $311,480.00. Following the completion of the sale, the vice president now owns 74,000 shares of the company’s stock, valued at approximately $5,762,380. The disclosure for this sale can be found here. In the last quarter, insiders have sold 18,875 shares of company stock valued at $1,332,090. 4.00% of the stock is owned by company insiders.

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About Healthequity

HealthEquity, Inc provides various solutions for managing health care accounts, health reimbursement arrangements, and flexible spending accounts for health plans, insurance companies, and third-party administrators in the United States. The company offers healthcare saving and spending platform, a cloud-based platform for individuals to make health saving and spending decisions, pay healthcare bills, compare treatment options and prices, receive personalized benefit and clinical information, earn wellness incentives, grow their savings, and make investment choices; and health savings accounts.

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Institutional Ownership by Quarter for Healthequity (NASDAQ:HQY)

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