Prudential Financial Inc. Purchases 9,000 Shares of HealthStream, Inc. (NASDAQ:HSTM)

Prudential Financial Inc. raised its position in HealthStream, Inc. (NASDAQ:HSTM - Free Report) by 35.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 34,093 shares of the technology company's stock after buying an additional 9,000 shares during the quarter. Prudential Financial Inc. owned about 0.11% of HealthStream worth $1,084,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in HSTM. Barclays PLC increased its stake in HealthStream by 145.0% in the third quarter. Barclays PLC now owns 58,838 shares of the technology company's stock valued at $1,697,000 after acquiring an additional 34,821 shares during the last quarter. Robeco Institutional Asset Management B.V. boosted its holdings in shares of HealthStream by 26.9% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 76,260 shares of the technology company's stock valued at $2,425,000 after purchasing an additional 16,166 shares in the last quarter. State Street Corp increased its stake in shares of HealthStream by 1.2% in the 3rd 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 during the last quarter. JPMorgan Chase & Co. increased its stake in shares of HealthStream by 18.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 57,204 shares of the technology company's stock valued at $1,650,000 after purchasing an additional 9,017 shares during the last quarter. Finally, FMR LLC lifted its position in shares of HealthStream by 24.0% during the 3rd quarter. FMR LLC now owns 119,067 shares of the technology company's stock worth $3,434,000 after buying an additional 23,055 shares during the last quarter. 69.58% of the stock is currently owned by institutional investors and hedge funds.

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Analyst Ratings Changes

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

HealthStream Stock Up 2.6 %

Shares of HSTM stock traded up $0.80 during mid-day trading on Friday, reaching $32.14. 160,199 shares of the stock traded hands, compared to its average volume of 133,090. The company has a market cap of $978.15 million, a price-to-earnings ratio of 49.45, a price-to-earnings-growth ratio of 4.37 and a beta of 0.42. The stock's fifty day simple moving average is $32.41 and its two-hundred day simple moving average is $31.59. 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 EPS for the quarter, topping 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 business had revenue of $74.24 million for the quarter, compared to the consensus estimate of $73.55 million. During the same period last year, the company earned $0.14 EPS. On average, equities research analysts anticipate that HealthStream, Inc. will post 0.63 EPS for the current fiscal year.

HealthStream Increases Dividend

The firm 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 a boost 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 annualized dividend and a dividend yield of 0.39%. HealthStream's payout ratio is currently 18.18%.

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.