HealthStream, Inc. (NASDAQ:HSTM) Shares Bought by Cerity Partners LLC

Cerity Partners LLC grew its holdings in HealthStream, Inc. (NASDAQ:HSTM - Free Report) by 3,889.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 300,070 shares of the technology company's stock after acquiring an additional 292,548 shares during the quarter. Cerity Partners LLC owned 0.99% of HealthStream worth $9,534,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of HSTM. Quarry LP purchased a new position in HealthStream during the 3rd quarter worth approximately $27,000. New Age Alpha Advisors LLC purchased a new position in shares of HealthStream during the fourth quarter worth $80,000. Meeder Asset Management Inc. acquired a new position in HealthStream during the fourth quarter valued at $114,000. Lee Danner & Bass Inc. purchased a new stake in HealthStream in the fourth quarter valued at $183,000. Finally, Vestcor Inc grew its position in HealthStream by 35.1% during the 3rd quarter. Vestcor Inc now owns 7,494 shares of the technology company's stock worth $216,000 after purchasing an additional 1,946 shares during the period. Hedge funds and other institutional investors own 69.58% of the company's stock.

HealthStream Trading Up 0.8 %

NASDAQ:HSTM traded up $0.25 during trading hours on Tuesday, reaching $32.63. 61,006 shares of the company were exchanged, compared to its average volume of 133,163. The stock's 50-day moving average is $32.39 and its 200-day moving average is $31.64. HealthStream, Inc. has a twelve month low of $23.92 and a twelve month high of $34.24. The firm has a market cap of $992.94 million, a PE ratio of 50.15, a price-to-earnings-growth ratio of 4.37 and a beta of 0.42.

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

HealthStream Increases Dividend

The company also recently disclosed 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 an increase from HealthStream's previous quarterly dividend of $0.03. This represents a $0.12 annualized dividend and a yield of 0.38%. The ex-dividend date was Monday, March 10th. HealthStream's dividend payout ratio is currently 18.18%.

Analyst Ratings Changes

Several research firms have commented on HSTM. William Blair restated an "outperform" rating on shares of HealthStream in a research report on Tuesday, February 25th. Canaccord Genuity Group raised their price target 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 analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, HealthStream presently has an average rating of "Moderate Buy" and a consensus target price of $32.00.

About HealthStream

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.