Sei Investments Co. Purchases 35,075 Shares of HealthStream, Inc. (NASDAQ:HSTM)

Sei Investments Co. lifted its stake in HealthStream, Inc. (NASDAQ:HSTM - Free Report) by 17.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 234,210 shares of the technology company's stock after buying an additional 35,075 shares during the period. Sei Investments Co. owned about 0.77% of HealthStream worth $7,448,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in HSTM. Quarry LP bought a new stake in shares of HealthStream in the 3rd quarter worth approximately $27,000. Lee Danner & Bass Inc. acquired a new stake in HealthStream during the fourth quarter worth $183,000. Vestcor Inc increased its holdings in HealthStream by 35.1% in the 3rd quarter. Vestcor Inc now owns 7,494 shares of the technology company's stock valued at $216,000 after buying an additional 1,946 shares during the period. Y Intercept Hong Kong Ltd acquired a new position in shares of HealthStream in the 3rd quarter valued at $260,000. Finally, Centiva Capital LP bought a new position in shares of HealthStream during the 3rd quarter worth about $260,000. 69.58% of the stock is owned by institutional investors and hedge funds.

HealthStream Price Performance

Shares of NASDAQ:HSTM traded down $0.63 during trading on Friday, reaching $31.26. The stock had a trading volume of 216,446 shares, compared to its average volume of 131,279. The stock has a market capitalization of $951.37 million, a PE ratio of 48.09, a P/E/G ratio of 4.37 and a beta of 0.37. HealthStream, Inc. has a 52 week low of $23.92 and a 52 week high of $34.24. The business's 50-day moving average price is $32.60 and its 200 day moving average price is $31.48.

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

HealthStream Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Monday, March 10th were paid a $0.031 dividend. The ex-dividend date was Monday, March 10th. 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 0.40%. HealthStream's payout ratio is currently 18.18%.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on HSTM shares. Canaccord Genuity Group increased their price target on shares of HealthStream from $29.00 to $30.00 and gave the stock a "hold" rating in a research report on Wednesday, February 26th. William Blair restated an "outperform" rating on shares of HealthStream in a research report on Tuesday, February 25th. Finally, JMP Securities reiterated a "market perform" rating on shares of HealthStream in a research report on Thursday, February 6th. Two equities research 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 stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target 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.