Norges Bank Invests $3.65 Million in HealthStream, Inc. (NASDAQ:HSTM)

Norges Bank bought a new stake in shares of HealthStream, Inc. (NASDAQ:HSTM - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 114,738 shares of the technology company's stock, valued at approximately $3,649,000. Norges Bank owned 0.38% of HealthStream as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the business. Barclays PLC raised its position in shares of HealthStream by 145.0% during the third quarter. Barclays PLC now owns 58,838 shares of the technology company's stock valued at $1,697,000 after buying an additional 34,821 shares during the last quarter. Robeco Institutional Asset Management B.V. raised its stake in shares of HealthStream by 26.9% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 76,260 shares of the technology company's stock valued at $2,425,000 after acquiring an additional 16,166 shares during the last quarter. State Street Corp boosted its holdings in shares of HealthStream by 1.2% in the 3rd quarter. State Street Corp now owns 974,235 shares of the technology company's stock worth $28,097,000 after acquiring an additional 11,976 shares in the last quarter. JPMorgan Chase & Co. grew its position in HealthStream by 18.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 57,204 shares of the technology company's stock worth $1,650,000 after acquiring an additional 9,017 shares during the last quarter. Finally, FMR LLC increased its holdings in HealthStream by 24.0% during the 3rd quarter. FMR LLC now owns 119,067 shares of the technology company's stock valued at $3,434,000 after purchasing an additional 23,055 shares in the last quarter. 69.58% of the stock is owned by institutional investors.

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HealthStream Stock Up 0.5 %

HSTM stock traded up $0.16 during midday trading on Tuesday, reaching $32.54. The stock had a trading volume of 43,007 shares, compared to its average volume of 133,067. The firm has a market cap of $990.32 million, a price-to-earnings ratio of 50.06, a PEG ratio of 4.37 and a beta of 0.42. HealthStream, Inc. has a twelve month low of $23.92 and a twelve month high of $34.24. The business has a fifty day simple moving average of $32.39 and a two-hundred day simple moving average of $31.64.

HealthStream (NASDAQ:HSTM - Get Free Report) last posted its quarterly earnings results on Monday, February 24th. The technology company reported $0.16 earnings per share for the quarter, topping analysts' consensus estimates of $0.13 by $0.03. HealthStream had a net margin of 6.84% and a return on equity of 5.67%. The business had revenue of $74.24 million during the quarter, compared to the consensus estimate of $73.55 million. During the same period in the previous year, the firm posted $0.14 earnings per share. On average, equities analysts predict that HealthStream, Inc. will post 0.63 earnings per share for the current fiscal year.

HealthStream Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Monday, March 10th were given a $0.031 dividend. This is a positive change from HealthStream's previous quarterly dividend of $0.03. This represents a $0.12 annualized dividend and a dividend yield of 0.38%. The ex-dividend date of this dividend was Monday, March 10th. HealthStream's dividend payout ratio (DPR) is currently 18.18%.

Wall Street Analyst Weigh In

HSTM has been the topic of several research analyst reports. William Blair restated an "outperform" rating on shares of HealthStream in a report on Tuesday, February 25th. Canaccord Genuity Group raised their price objective on shares of HealthStream from $29.00 to $30.00 and gave the company a "hold" rating in a research report on Wednesday, February 26th. Finally, JMP Securities reiterated a "market perform" rating on shares of HealthStream in a research report on Thursday, February 6th. Two investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, HealthStream presently has an average rating of "Moderate Buy" and an average target price of $32.00.

HealthStream Profile

HealthStream, Inc provides Software-as-a-Service (SaaS) based applications for healthcare organizations in the United States. The company's solutions help healthcare organizations in meeting their ongoing clinical development, talent management, training, education, assessment, competency management, safety and compliance, and scheduling, as well as provider credentialing, privileging, and enrollment needs.