8,650 Shares in HealthStream, Inc. (NASDAQ:HSTM) Purchased by Woodmont Investment Counsel LLC

Woodmont Investment Counsel LLC purchased a new stake in HealthStream, Inc. (NASDAQ:HSTM - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 8,650 shares of the technology company's stock, valued at approximately $275,000.

Other hedge funds also recently made changes to their positions in the company. Barclays PLC lifted its holdings in HealthStream by 145.0% in the third quarter. Barclays PLC now owns 58,838 shares of the technology company's stock worth $1,697,000 after purchasing an additional 34,821 shares during the period. Robeco Institutional Asset Management B.V. raised its position in shares of HealthStream by 26.9% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 76,260 shares of the technology company's stock worth $2,425,000 after buying an additional 16,166 shares in the last quarter. State Street Corp lifted its stake in shares of HealthStream by 1.2% in the 3rd quarter. State Street Corp now owns 974,235 shares of the technology company's stock worth $28,097,000 after acquiring an additional 11,976 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of HealthStream by 18.7% in the third quarter. JPMorgan Chase & Co. now owns 57,204 shares of the technology company's stock valued at $1,650,000 after acquiring an additional 9,017 shares in the last quarter. Finally, FMR LLC increased its stake in shares of HealthStream by 24.0% during the third quarter. FMR LLC now owns 119,067 shares of the technology company's stock valued at $3,434,000 after acquiring an additional 23,055 shares during the period. Institutional investors own 69.58% of the company's stock.

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HealthStream Stock Performance

Shares of NASDAQ HSTM traded down $0.06 during trading on Friday, hitting $32.03. The company had a trading volume of 84,354 shares, compared to its average volume of 129,299. 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 is $32.60 and its 200 day moving average is $31.36. The company has a market cap of $974.80 million, a P/E ratio of 49.28, a PEG ratio of 4.37 and a beta of 0.37.

HealthStream (NASDAQ:HSTM - Get Free Report) last announced its 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 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 period in the previous year, the firm earned $0.14 earnings per share. On average, research analysts expect that HealthStream, Inc. will post 0.63 EPS for the current year.

HealthStream Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Monday, March 10th were given a $0.031 dividend. 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%. The ex-dividend date of this dividend was Monday, March 10th. HealthStream's dividend payout ratio (DPR) is 18.18%.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on HSTM shares. JMP Securities restated a "market perform" rating on shares of HealthStream in a research report on Thursday, February 6th. William Blair reaffirmed an "outperform" rating on shares of HealthStream in a research note on Tuesday, February 25th. Finally, Canaccord Genuity Group lifted their target price on HealthStream from $29.00 to $30.00 and gave the stock a "hold" rating in a report on Wednesday, February 26th. Two 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. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average 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.