Arrowstreet Capital Limited Partnership Has $7.05 Million Stock Position in HealthStream, Inc. (NASDAQ:HSTM)

Arrowstreet Capital Limited Partnership lifted its holdings in shares of HealthStream, Inc. (NASDAQ:HSTM - Free Report) by 47.5% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 221,609 shares of the technology company's stock after acquiring an additional 71,379 shares during the period. Arrowstreet Capital Limited Partnership owned approximately 0.73% of HealthStream worth $7,047,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Rhumbline Advisers boosted its holdings in shares of HealthStream by 0.6% in the 4th quarter. Rhumbline Advisers now owns 74,468 shares of the technology company's stock worth $2,368,000 after acquiring an additional 412 shares in the last quarter. Bridge City Capital LLC raised its stake in shares of HealthStream by 0.9% during the fourth quarter. Bridge City Capital LLC now owns 59,254 shares of the technology company's stock worth $1,884,000 after buying an additional 535 shares during the last quarter. Sanctuary Advisors LLC lifted its stake in shares of HealthStream by 4.8% in the 4th 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 period. Quarry LP bought a new position in HealthStream during the third quarter worth about $27,000. Finally, Diversified Trust Co boosted its stake in HealthStream by 20.5% during the 4th quarter. Diversified Trust Co now owns 8,733 shares of the technology company's stock worth $278,000 after acquiring an additional 1,486 shares during the last quarter. Institutional investors own 69.58% of the company's stock.

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Analyst Ratings Changes

A number of research analysts have issued reports on the company. Canaccord Genuity Group boosted their target price on HealthStream from $29.00 to $30.00 and gave the company a "hold" rating in a research note on Wednesday, February 26th. JMP Securities restated a "market perform" rating on shares of HealthStream in a research note on Thursday, February 6th. Finally, William Blair reissued an "outperform" rating on shares of HealthStream in a research note on Tuesday, February 25th. Two equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $32.00.

HealthStream Stock Up 2.6 %

Shares of HSTM traded up $0.80 during trading hours on Friday, hitting $32.14. The company had a trading volume of 160,199 shares, compared to its average volume of 133,090. HealthStream, Inc. has a 12 month low of $23.92 and a 12 month high of $34.24. The firm has a market cap of $978.15 million, a price-to-earnings ratio of 49.45, a PEG ratio of 4.37 and a beta of 0.42. The business has a fifty day moving average of $32.41 and a 200-day moving average of $31.59.

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

HealthStream Increases Dividend

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

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.