Teacher Retirement System of Texas Has $2.52 Million Stock Holdings in HealthStream, Inc. (NASDAQ:HSTM)

Teacher Retirement System of Texas increased its stake in shares of HealthStream, Inc. (NASDAQ:HSTM - Free Report) by 128.1% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 79,364 shares of the technology company's stock after acquiring an additional 44,571 shares during the period. Teacher Retirement System of Texas owned about 0.26% of HealthStream worth $2,524,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. Victory Capital Management Inc. lifted its stake in HealthStream by 4.7% in the third quarter. Victory Capital Management Inc. now owns 39,593 shares of the technology company's stock valued at $1,142,000 after acquiring an additional 1,793 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of HealthStream by 81.0% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 38,615 shares of the technology company's stock valued at $1,114,000 after purchasing an additional 17,286 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in HealthStream by 3.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 218,447 shares of the technology company's stock valued at $6,300,000 after purchasing an additional 6,832 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new position in HealthStream during the third quarter worth about $269,000. Finally, FMR LLC grew its holdings in HealthStream by 24.0% during the third quarter. FMR LLC now owns 119,067 shares of the technology company's stock worth $3,434,000 after purchasing an additional 23,055 shares during the period. 69.58% of the stock is owned by institutional investors and hedge funds.

Remove Ads

HealthStream Trading Down 0.2 %

Shares of NASDAQ:HSTM traded down $0.06 during trading on Friday, reaching $32.03. 84,354 shares of the stock were exchanged, compared to its average volume of 129,299. HealthStream, Inc. has a 12 month low of $23.92 and a 12 month high of $34.24. The stock has a 50-day moving average price of $32.60 and a 200-day moving average price of $31.39. The firm has a market cap of $974.80 million, a PE ratio of 49.28, a PEG ratio of 4.37 and a beta of 0.37.

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

HealthStream Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 21st. Investors 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 annualized dividend and a dividend yield of 0.39%. HealthStream's dividend payout ratio is 18.18%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. 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 report on Wednesday, February 26th. William Blair reaffirmed an "outperform" rating on shares of HealthStream in a report on Tuesday, February 25th. Finally, JMP Securities reaffirmed a "market perform" rating on shares of HealthStream in a research report on Thursday, February 6th. Two investment 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. According to data from MarketBeat, HealthStream currently has an average rating of "Moderate Buy" and an average target price of $32.00.

About HealthStream

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.