HealthStream, Inc. (NASDAQ:HSTM) Declares Dividend Increase - $0.03 Per Share

HealthStream, Inc. (NASDAQ:HSTM - Get Free Report) declared a quarterly dividend on Monday, February 24th, Wall Street Journal reports. Stockholders of record on Monday, March 10th will be paid a dividend of 0.031 per share by the technology company on Friday, March 21st. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.37%. The ex-dividend date is Monday, March 10th. This is an increase from HealthStream's previous quarterly dividend of $0.03.

HealthStream has a payout ratio of 14.9% meaning its dividend is sufficiently covered by earnings. Equities analysts expect HealthStream to earn $0.64 per share next year, which means the company should continue to be able to cover its $0.11 annual dividend with an expected future payout ratio of 17.2%.

HealthStream Price Performance

Shares of HSTM traded up $0.50 during trading hours on Friday, reaching $33.77. 197,709 shares of the company's stock traded hands, compared to its average volume of 125,369. The firm has a market capitalization of $1.03 billion, a price-to-earnings ratio of 51.95, a P/E/G ratio of 4.37 and a beta of 0.39. HealthStream has a twelve month low of $23.92 and a twelve month high of $34.24. The business's fifty day simple moving average is $32.52 and its two-hundred day simple moving average is $30.85.

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

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Wall Street Analysts Forecast Growth

HSTM has been the topic of a number of research analyst reports. JMP Securities reaffirmed a "market perform" rating on shares of HealthStream in a report on Thursday, February 6th. William Blair reaffirmed an "outperform" rating on shares of HealthStream in a research note on Tuesday. Finally, Canaccord Genuity Group lifted their price target on shares of HealthStream from $29.00 to $30.00 and gave the stock a "hold" rating in a research report on Wednesday. Two equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target 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.