Police & Firemen s Retirement System of New Jersey Buys 692 Shares of HealthEquity, Inc. $HQY

Police & Firemen s Retirement System of New Jersey grew its stake in HealthEquity, Inc. (NASDAQ:HQY) by 3.7% in the second quarter, HoldingsChannel.com reports. The fund owned 19,264 shares of the company’s stock after acquiring an additional 692 shares during the period. Police & Firemen s Retirement System of New Jersey’s holdings in HealthEquity were worth $2,018,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Farther Finance Advisors LLC boosted its stake in HealthEquity by 232.4% during the 2nd quarter. Farther Finance Advisors LLC now owns 246 shares of the company’s stock worth $26,000 after acquiring an additional 172 shares during the last quarter. WPG Advisers LLC acquired a new stake in HealthEquity in the first quarter worth $28,000. Caitong International Asset Management Co. Ltd acquired a new stake in HealthEquity in the second quarter worth $33,000. Cullen Frost Bankers Inc. boosted its position in shares of HealthEquity by 172.3% during the second quarter. Cullen Frost Bankers Inc. now owns 354 shares of the company’s stock worth $37,000 after purchasing an additional 224 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. increased its position in shares of HealthEquity by 176.4% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 655 shares of the company’s stock valued at $58,000 after buying an additional 418 shares in the last quarter. 99.55% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. Weiss Ratings restated a “hold (c+)” rating on shares of HealthEquity in a report on Wednesday, October 8th. Barrington Research reissued an “outperform” rating and set a $125.00 target price on shares of HealthEquity in a research note on Friday, August 29th. Jefferies Financial Group raised their target price on shares of HealthEquity from $130.00 to $134.00 and gave the stock a “buy” rating in a report on Wednesday, September 3rd. Royal Bank Of Canada upped their price target on shares of HealthEquity from $109.00 to $110.00 and gave the company an “outperform” rating in a report on Wednesday, September 3rd. Finally, KeyCorp dropped their price objective on shares of HealthEquity from $125.00 to $120.00 and set an “overweight” rating on the stock in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $119.00.

HealthEquity Trading Up 0.8%

NASDAQ:HQY opened at $103.55 on Thursday. The company has a market cap of $8.92 billion, a P/E ratio of 62.76, a price-to-earnings-growth ratio of 1.36 and a beta of 0.47. HealthEquity, Inc. has a twelve month low of $74.07 and a twelve month high of $116.65. The business has a 50 day moving average price of $94.60 and a two-hundred day moving average price of $96.30. The company has a quick ratio of 4.23, a current ratio of 4.23 and a debt-to-equity ratio of 0.47.

HealthEquity (NASDAQ:HQY) last announced its quarterly earnings data on Tuesday, September 2nd. The company reported $0.92 EPS for the quarter, hitting analysts’ consensus estimates of $0.92. The business had revenue of $325.80 million for the quarter, compared to analyst estimates of $320.68 million. HealthEquity had a net margin of 11.49% and a return on equity of 12.04%. HealthEquity has set its FY 2026 guidance at 3.740-3.91 EPS. As a group, analysts expect that HealthEquity, Inc. will post 2.32 EPS for the current fiscal year.

Insider Transactions at HealthEquity

In other news, EVP Delano Ladd sold 6,000 shares of the stock in a transaction dated Friday, September 19th. The shares were sold at an average price of $94.11, for a total transaction of $564,660.00. Following the completion of the transaction, the executive vice president directly owned 79,456 shares in the company, valued at $7,477,604.16. This represents a 7.02% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Michael Henry Fiore sold 1,781 shares of HealthEquity stock in a transaction dated Tuesday, October 7th. The shares were sold at an average price of $88.21, for a total value of $157,102.01. Following the completion of the sale, the executive vice president directly owned 49,795 shares in the company, valued at approximately $4,392,416.95. This represents a 3.45% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 9,281 shares of company stock valued at $859,867. Company insiders own 1.50% of the company’s stock.

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.