33,464 Shares in HealthStream, Inc. (NASDAQ:HSTM) Acquired by Intech Investment Management LLC

Intech Investment Management LLC bought a new position in shares of HealthStream, Inc. (NASDAQ:HSTM - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 33,464 shares of the technology company's stock, valued at approximately $1,064,000. Intech Investment Management LLC owned approximately 0.11% of HealthStream at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the stock. Natixis Advisors LLC bought a new position in HealthStream in the 4th quarter valued at $331,000. Charles Schwab Investment Management Inc. grew its holdings in shares of HealthStream by 2.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 223,262 shares of the technology company's stock worth $7,100,000 after purchasing an additional 4,815 shares in the last quarter. Bank of New York Mellon Corp increased its position in shares of HealthStream by 1.1% in the fourth quarter. Bank of New York Mellon Corp now owns 219,575 shares of the technology company's stock worth $6,982,000 after purchasing an additional 2,410 shares during the last quarter. Sanctuary Advisors LLC lifted its position in HealthStream by 4.8% during the fourth quarter. Sanctuary Advisors LLC now owns 15,445 shares of the technology company's stock valued at $507,000 after purchasing an additional 708 shares during the last quarter. Finally, Principal Financial Group Inc. grew its stake in HealthStream by 3.6% in the 4th quarter. Principal Financial Group Inc. now owns 126,673 shares of the technology company's stock worth $4,028,000 after buying an additional 4,407 shares in the last quarter. Institutional investors own 69.58% of the company's stock.

Remove Ads

HealthStream Stock Performance

Shares of NASDAQ HSTM traded down $0.11 during mid-day trading on Wednesday, hitting $31.90. The stock had a trading volume of 79,223 shares, compared to its average volume of 121,569. The firm has a market cap of $970.84 million, a P/E ratio of 49.08, a price-to-earnings-growth ratio of 4.37 and a beta of 0.37. The business has a 50 day moving average price of $32.59 and a two-hundred day moving average price of $31.31. HealthStream, Inc. has a 1 year low of $23.92 and a 1 year high of $34.24.

HealthStream (NASDAQ:HSTM - Get Free Report) last posted its 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 company had revenue of $74.24 million during the quarter, compared to analyst estimates of $73.55 million. During the same period in the prior year, the business posted $0.14 earnings per share. Equities research analysts predict that HealthStream, Inc. will post 0.63 EPS for the current fiscal year.

HealthStream Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Monday, March 10th were paid a $0.031 dividend. This is a positive change from HealthStream's previous quarterly dividend of $0.03. The ex-dividend date of this dividend was Monday, March 10th. This represents a $0.12 dividend on an annualized basis and a yield of 0.39%. HealthStream's dividend payout ratio (DPR) is presently 18.18%.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. JMP Securities reiterated a "market perform" rating on shares of HealthStream in a research report on Thursday, February 6th. Canaccord Genuity Group raised their price objective on HealthStream from $29.00 to $30.00 and gave the company a "hold" rating in a report on Wednesday, February 26th. Finally, William Blair reiterated an "outperform" rating on shares of HealthStream in a research report on Tuesday, February 25th. Two research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $32.00.

HealthStream Company 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.