HealthStream, Inc. (NASDAQ:HSTM) Shares Purchased by Invesco Ltd.

Invesco Ltd. increased its holdings in shares of HealthStream, Inc. (NASDAQ:HSTM - Free Report) by 11.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 248,221 shares of the technology company's stock after purchasing an additional 25,519 shares during the period. Invesco Ltd. owned 0.82% of HealthStream worth $7,893,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Copeland Capital Management LLC raised its stake in shares of HealthStream by 17,363.4% during the 4th quarter. Copeland Capital Management LLC now owns 379,306 shares of the technology company's stock worth $12,062,000 after buying an additional 377,134 shares during the last quarter. Cerity Partners LLC grew its holdings in HealthStream by 3,889.2% in the fourth quarter. Cerity Partners LLC now owns 300,070 shares of the technology company's stock valued at $9,534,000 after purchasing an additional 292,548 shares during the period. Norges Bank purchased a new stake in shares of HealthStream during the 4th quarter valued at $3,649,000. Vanguard Group Inc. grew its position in HealthStream by 3.1% during the fourth quarter. Vanguard Group Inc. now owns 3,055,060 shares of the technology company's stock valued at $97,151,000 after acquiring an additional 92,067 shares during the period. Finally, Arrowstreet Capital Limited Partnership grew its holdings in shares of HealthStream by 47.5% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 221,609 shares of the technology company's stock worth $7,047,000 after purchasing an additional 71,379 shares during the period. Hedge funds and other institutional investors own 69.58% of the company's stock.

Wall Street Analysts Forecast Growth

HSTM has been the subject of several recent research reports. William Blair reiterated an "outperform" rating on shares of HealthStream in a report on Tuesday, February 25th. JMP Securities reissued a "market perform" rating on shares of HealthStream in a research report on Thursday, February 6th. Finally, Canaccord Genuity Group boosted their price target on HealthStream from $29.00 to $30.00 and gave the company a "hold" rating in a report on Wednesday, February 26th. Two equities research 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. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $32.00.

HealthStream Stock Up 0.2 %

HSTM stock traded up $0.07 during mid-day trading on Friday, reaching $33.28. The company had a trading volume of 133,719 shares, compared to its average volume of 131,669. HealthStream, Inc. has a one year low of $25.52 and a one year high of $34.24. The stock has a market capitalization of $1.02 billion, a P/E ratio of 51.20, a P/E/G ratio of 4.37 and a beta of 0.42. The stock's 50-day simple moving average is $32.19 and its two-hundred day simple moving average is $31.86.

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

HealthStream Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Monday, March 10th were given a dividend of $0.031 per share. This represents a $0.12 dividend on an annualized basis and a yield of 0.37%. The ex-dividend date was Monday, March 10th. This is a positive change from HealthStream's previous quarterly dividend of $0.03. HealthStream's payout ratio is 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.