Renaissance Technologies LLC Sells 87,100 Shares of HealthStream, Inc. (NASDAQ:HSTM)

Renaissance Technologies LLC reduced its position in shares of HealthStream, Inc. (NASDAQ:HSTM - Free Report) by 13.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 549,300 shares of the technology company's stock after selling 87,100 shares during the period. Renaissance Technologies LLC owned approximately 1.81% of HealthStream worth $17,468,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. State Street Corp grew 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 worth $28,097,000 after buying an additional 11,976 shares in the last quarter. Y Intercept Hong Kong Ltd bought a new stake in shares of HealthStream during the 3rd quarter valued at $260,000. Barclays PLC increased its position in shares of HealthStream by 145.0% in the third quarter. Barclays PLC now owns 58,838 shares of the technology company's stock worth $1,697,000 after purchasing an additional 34,821 shares during the period. Geode Capital Management LLC raised its stake in HealthStream by 2.9% in the third quarter. Geode Capital Management LLC now owns 674,764 shares of the technology company's stock valued at $19,463,000 after purchasing an additional 18,779 shares in the last quarter. Finally, Sanctuary Advisors LLC raised its stake in HealthStream by 11.7% in the third quarter. Sanctuary Advisors LLC now owns 14,737 shares of the technology company's stock valued at $425,000 after purchasing an additional 1,538 shares in the last quarter. 69.58% of the stock is currently owned by institutional investors.

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HealthStream Stock Up 1.0 %

HSTM stock traded up $0.32 during midday trading on Tuesday, reaching $32.70. 127,780 shares of the company's stock traded hands, compared to its average volume of 133,639. The firm's fifty day moving average price is $32.38 and its 200-day moving average price is $31.65. HealthStream, Inc. has a 52 week low of $23.92 and a 52 week high of $34.24. The company has a market cap of $995.19 million, a price-to-earnings ratio of 50.31, a P/E/G ratio of 4.37 and a beta of 0.42.

HealthStream (NASDAQ:HSTM - Get Free Report) last posted its earnings results on Monday, February 24th. The technology company reported $0.16 earnings per share for the quarter, beating analysts' consensus estimates of $0.13 by $0.03. The company had revenue of $74.24 million for the quarter, compared to analyst estimates of $73.55 million. HealthStream had a return on equity of 5.67% and a net margin of 6.84%. During the same quarter last year, the company earned $0.14 earnings per share. Analysts forecast that HealthStream, Inc. will post 0.63 earnings per share for the current year.

HealthStream Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Monday, March 10th were given a dividend of $0.031 per share. This is an increase from HealthStream's previous quarterly dividend of $0.03. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.38%. The ex-dividend date of this dividend was Monday, March 10th. HealthStream's dividend payout ratio is currently 18.18%.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on HSTM. William Blair reaffirmed an "outperform" rating on shares of HealthStream in a report on Tuesday, February 25th. Canaccord Genuity Group raised their price objective on HealthStream from $29.00 to $30.00 and gave the company a "hold" rating in a research note on Wednesday, February 26th. Finally, JMP Securities reissued a "market perform" rating on shares of HealthStream in a research note on Thursday, February 6th. Two equities research 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.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $32.00.

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.