Russell Investments Group Ltd. Cuts Stock Holdings in HealthStream, Inc. (NASDAQ:HSTM)

Russell Investments Group Ltd. decreased its stake in HealthStream, Inc. (NASDAQ:HSTM - Free Report) by 61.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 7,683 shares of the technology company's stock after selling 12,506 shares during the quarter. Russell Investments Group Ltd.'s holdings in HealthStream were worth $244,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Barclays PLC grew 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 period. Geode Capital Management LLC grew its stake in shares of HealthStream by 2.9% during the 3rd quarter. Geode Capital Management LLC now owns 674,764 shares of the technology company's stock worth $19,463,000 after acquiring an additional 18,779 shares in the last quarter. Sanctuary Advisors LLC lifted its position in shares of HealthStream by 11.7% in the third quarter. Sanctuary Advisors LLC now owns 14,737 shares of the technology company's stock worth $425,000 after purchasing an additional 1,538 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in HealthStream by 18.7% during the third quarter. JPMorgan Chase & Co. now owns 57,204 shares of the technology company's stock worth $1,650,000 after purchasing an additional 9,017 shares during the last quarter. Finally, Diversified Trust Co boosted its stake in shares of HealthStream by 20.5% during the 4th quarter. Diversified Trust Co now owns 8,733 shares of the technology company's stock worth $278,000 after buying an additional 1,486 shares during the last quarter. Institutional investors own 69.58% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on HSTM shares. William Blair reissued an "outperform" rating on shares of HealthStream in a report on Tuesday, February 25th. JMP Securities restated a "market perform" rating on shares of HealthStream in a research note on Thursday, February 6th. Finally, Canaccord Genuity Group boosted their price objective on HealthStream from $29.00 to $30.00 and gave the stock a "hold" rating in a report on Wednesday, February 26th. Two analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, HealthStream has an average rating of "Moderate Buy" and an average price target of $32.00.

HealthStream Price Performance

Shares of HealthStream stock traded up $0.07 during midday trading on Friday, reaching $33.28. The company had a trading volume of 133,719 shares, compared to its average volume of 131,669. The stock has a fifty day moving average price of $32.19 and a 200 day moving average price of $31.86. HealthStream, Inc. has a fifty-two week low of $25.52 and a fifty-two week high of $34.24. The firm has a market cap of $1.02 billion, a PE ratio of 51.20, a P/E/G ratio of 4.37 and a beta of 0.42.

HealthStream (NASDAQ:HSTM - Get Free Report) last issued its quarterly earnings results on Monday, February 24th. The technology company reported $0.16 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 the consensus estimate of $73.55 million. During the same quarter in the previous year, the company earned $0.14 EPS. As a group, sell-side analysts forecast that HealthStream, Inc. will post 0.63 EPS for the current year.

HealthStream Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Monday, March 10th were paid a $0.031 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.37%. This is an increase from HealthStream's previous quarterly dividend of $0.03. The ex-dividend date of this dividend was Monday, March 10th. HealthStream's payout ratio is currently 18.18%.

HealthStream 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.