Stephens Investment Management Group LLC Has $10.25 Million Position in HealthStream, Inc. (NASDAQ:HSTM)

Stephens Investment Management Group LLC trimmed its stake in shares of HealthStream, Inc. (NASDAQ:HSTM - Free Report) by 15.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 355,473 shares of the technology company's stock after selling 64,435 shares during the period. Stephens Investment Management Group LLC owned approximately 1.17% of HealthStream worth $10,252,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the stock. GAMMA Investing LLC increased its position in HealthStream by 172.1% in the second quarter. GAMMA Investing LLC now owns 996 shares of the technology company's stock worth $28,000 after purchasing an additional 630 shares during the period. Point72 DIFC Ltd acquired a new stake in shares of HealthStream during the 2nd quarter worth approximately $38,000. Copeland Capital Management LLC bought a new stake in shares of HealthStream during the third quarter worth approximately $63,000. CWM LLC lifted its holdings in HealthStream by 405.4% in the second quarter. CWM LLC now owns 2,709 shares of the technology company's stock valued at $76,000 after buying an additional 2,173 shares during the period. Finally, XTX Topco Ltd bought a new position in HealthStream in the second quarter valued at approximately $214,000. 69.58% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on HSTM shares. StockNews.com downgraded HealthStream from a "strong-buy" rating to a "buy" rating in a research note on Wednesday, July 24th. Barclays increased their target price on HealthStream from $32.00 to $34.00 and gave the company an "overweight" rating in a research note on Wednesday, October 23rd. Canaccord Genuity Group raised their target price on HealthStream from $28.00 to $29.00 and gave the stock a "hold" rating in a report on Wednesday, October 23rd. Finally, Craig Hallum raised HealthStream to a "strong-buy" rating in a research note on Thursday, October 17th. Two research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, HealthStream presently has an average rating of "Moderate Buy" and a consensus price target of $31.50.

HealthStream Stock Up 0.3 %

HealthStream stock traded up $0.09 during mid-day trading on Friday, hitting $29.33. 115,529 shares of the company's stock were exchanged, compared to its average volume of 113,598. The company's 50 day simple moving average is $28.80 and its 200-day simple moving average is $28.06. The firm has a market capitalization of $892.22 million, a P/E ratio of 45.12, a PEG ratio of 3.89 and a beta of 0.36. HealthStream, Inc. has a fifty-two week low of $23.92 and a fifty-two week high of $31.15.

HealthStream (NASDAQ:HSTM - Get Free Report) last released its quarterly earnings results on Monday, October 21st. The technology company reported $0.19 EPS for the quarter, topping analysts' consensus estimates of $0.13 by $0.06. HealthStream had a return on equity of 5.67% and a net margin of 6.84%. The company had revenue of $73.10 million for the quarter, compared to analyst estimates of $73.53 million. During the same quarter last year, the firm posted $0.13 earnings per share. HealthStream's revenue was up 4.0% compared to the same quarter last year. Research analysts expect that HealthStream, Inc. will post 0.63 EPS for the current year.

HealthStream Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Monday, November 4th will be issued a $0.028 dividend. This represents a $0.11 annualized dividend and a dividend yield of 0.38%. The ex-dividend date is Monday, November 4th. HealthStream's dividend payout ratio (DPR) is presently 16.92%.

Insider Activity

In related news, Director Tate Deborah Taylor sold 1,400 shares of the business's stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $28.53, for a total value of $39,942.00. Following the sale, the director now directly owns 22,326 shares of the company's stock, valued at approximately $636,960.78. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, Director Tate Deborah Taylor sold 1,400 shares of the stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $28.53, for a total transaction of $39,942.00. Following the completion of the transaction, the director now directly owns 22,326 shares in the company, valued at approximately $636,960.78. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Kevin P. O'hara sold 3,000 shares of the business's stock in a transaction that occurred on Wednesday, August 7th. The shares were sold at an average price of $28.03, for a total value of $84,090.00. Following the completion of the sale, the senior vice president now owns 9,527 shares in the company, valued at $267,041.81. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 20.60% of the company's stock.

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.