Geode Capital Management LLC lifted its holdings in HealthStream, Inc. (NASDAQ:HSTM - Free Report) by 2.9% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 674,764 shares of the technology company's stock after purchasing an additional 18,779 shares during the period. Geode Capital Management LLC owned about 2.22% of HealthStream worth $19,463,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Barclays PLC boosted its stake in shares of HealthStream by 145.0% during the 3rd quarter. Barclays PLC now owns 58,838 shares of the technology company's stock worth $1,697,000 after acquiring an additional 34,821 shares during the last quarter. Deerfield Management Company L.P. Series C bought a new position in HealthStream in the 2nd quarter worth $626,000. State Street Corp lifted its position in HealthStream by 1.2% during the third quarter. State Street Corp now owns 974,235 shares of the technology company's stock valued at $28,097,000 after purchasing an additional 11,976 shares in the last quarter. Harbor Capital Advisors Inc. lifted its position in HealthStream by 141.2% during the third quarter. Harbor Capital Advisors Inc. now owns 400,033 shares of the technology company's stock valued at $11,537,000 after purchasing an additional 234,148 shares in the last quarter. Finally, First Eagle Investment Management LLC grew its holdings in HealthStream by 7.1% during the second quarter. First Eagle Investment Management LLC now owns 530,178 shares of the technology company's stock valued at $14,792,000 after purchasing an additional 35,350 shares during the period. Hedge funds and other institutional investors own 69.58% of the company's stock.
Wall Street Analyst Weigh In
A number of research firms have recently weighed in on HSTM. Craig Hallum raised HealthStream to a "strong-buy" rating in a research report on Thursday, October 17th. Barclays lifted their price target on shares of HealthStream from $32.00 to $34.00 and gave the company an "overweight" rating in a report on Wednesday, October 23rd. Finally, Canaccord Genuity Group increased their price objective on shares of HealthStream from $28.00 to $29.00 and gave the stock a "hold" rating in a research note on Wednesday, October 23rd. One research analyst has rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, HealthStream presently has an average rating of "Buy" and an average price target of $31.50.
Read Our Latest Stock Report on HSTM
HealthStream Price Performance
Shares of NASDAQ:HSTM traded down $0.30 during trading on Friday, hitting $31.75. 96,432 shares of the company's stock were exchanged, compared to its average volume of 117,884. The business's 50-day simple moving average is $31.43 and its 200 day simple moving average is $29.56. The company has a market cap of $965.68 million, a price-to-earnings ratio of 48.85, a PEG ratio of 4.36 and a beta of 0.38. HealthStream, Inc. has a 52-week low of $23.92 and a 52-week high of $33.52.
HealthStream (NASDAQ:HSTM - Get Free Report) last announced its quarterly earnings data on Monday, October 21st. The technology company reported $0.19 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.13 by $0.06. HealthStream had a net margin of 6.84% and a return on equity of 5.67%. The business had revenue of $73.10 million during the quarter, compared to analyst estimates of $73.53 million. During the same period last year, the firm posted $0.13 EPS. The company's revenue was up 4.0% on a year-over-year basis. On average, sell-side analysts anticipate that HealthStream, Inc. will post 0.63 EPS for the current fiscal year.
HealthStream Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Monday, November 4th were issued a $0.028 dividend. The ex-dividend date of this dividend was Monday, November 4th. This represents a $0.11 dividend on an annualized basis and a yield of 0.35%. HealthStream's dividend payout ratio is currently 16.92%.
About HealthStream
(
Free Report)
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.
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