HealthStream, Inc. (NASDAQ:HSTM) Shares Sold by AlphaQuest LLC

AlphaQuest LLC cut its position in shares of HealthStream, Inc. (NASDAQ:HSTM) by 14.2% in the 4th quarter, HoldingsChannel.com reports. The fund owned 18,730 shares of the technology company’s stock after selling 3,112 shares during the period. AlphaQuest LLC’s holdings in HealthStream were worth $596,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. State Street Corp increased its stake in HealthStream by 1.2% during the third 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 last quarter. Geode Capital Management LLC increased its stake in HealthStream by 2.9% during the third quarter. Geode Capital Management LLC now owns 674,764 shares of the technology company’s stock worth $19,463,000 after acquiring an additional 18,779 shares during the last quarter. Harbor Capital Advisors Inc. increased its stake in HealthStream by 3.7% during the fourth quarter. Harbor Capital Advisors Inc. now owns 414,787 shares of the technology company’s stock worth $13,190,000 after acquiring an additional 14,754 shares during the last quarter. Copeland Capital Management LLC increased its stake in HealthStream by 17,363.4% during the fourth quarter. Copeland Capital Management LLC now owns 379,306 shares of the technology company’s stock worth $12,062,000 after acquiring an additional 377,134 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in HealthStream by 2.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 223,262 shares of the technology company’s stock worth $7,100,000 after acquiring an additional 4,815 shares during the last quarter. 69.58% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have commented on HSTM. JMP Securities restated a “market perform” rating on shares of HealthStream in a research note on Thursday, February 6th. Canaccord Genuity Group upped their price target on HealthStream from $29.00 to $30.00 and gave the stock a “hold” rating in a research note on Wednesday, February 26th. Finally, William Blair reaffirmed an “outperform” rating on shares of HealthStream in a research report on Tuesday, February 25th. Two equities 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 company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $32.00.

HealthStream Price Performance

Shares of NASDAQ HSTM opened at $30.98 on Wednesday. HealthStream, Inc. has a 1-year low of $23.92 and a 1-year high of $34.24. The business has a 50-day moving average of $32.66 and a 200-day moving average of $31.10. The company has a market capitalization of $942.85 million, a price-to-earnings ratio of 47.66, a PEG ratio of 4.37 and a beta of 0.37.

HealthStream (NASDAQ:HSTM) last issued its earnings results on Monday, February 24th. The technology company reported $0.16 earnings per share for the quarter, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of $73.55 million. During the same quarter in the prior year, the business earned $0.14 earnings per share. Research analysts expect 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 will be paid on Friday, March 21st. Investors of record on Monday, March 10th will be issued a $0.031 dividend. The ex-dividend date of this dividend is Monday, March 10th. This represents a $0.12 dividend on an annualized basis and a yield of 0.40%. This is an increase from HealthStream’s previous quarterly dividend of $0.03. HealthStream’s dividend payout ratio is currently 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.