Principal Financial Group Inc. Lowers Position in HealthStream, Inc. (NASDAQ:HSTM)

Principal Financial Group Inc. lowered its stake in HealthStream, Inc. (NASDAQ:HSTM) by 1.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 122,266 shares of the technology company’s stock after selling 1,422 shares during the quarter. Principal Financial Group Inc. owned about 0.40% of HealthStream worth $3,526,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Russell Investments Group Ltd. boosted its position in shares of HealthStream by 13.8% during the 1st quarter. Russell Investments Group Ltd. now owns 23,897 shares of the technology company’s stock worth $637,000 after purchasing an additional 2,896 shares during the period. Vanguard Group Inc. lifted its holdings in HealthStream by 1.1% during the 1st quarter. Vanguard Group Inc. now owns 2,938,685 shares of the technology company’s stock worth $78,345,000 after buying an additional 31,943 shares during the last quarter. Price T Rowe Associates Inc. MD increased its stake in HealthStream by 6.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 16,178 shares of the technology company’s stock valued at $432,000 after purchasing an additional 918 shares during the last quarter. GAMMA Investing LLC boosted its stake in HealthStream by 172.1% in the second quarter. GAMMA Investing LLC now owns 996 shares of the technology company’s stock valued at $28,000 after acquiring an additional 630 shares in the last quarter. Finally, Harbor Capital Advisors Inc. boosted its stake in shares of HealthStream by 197.8% during the second quarter. Harbor Capital Advisors Inc. now owns 165,885 shares of the technology company’s stock worth $4,628,000 after buying an additional 110,189 shares during the period. Hedge funds and other institutional investors own 69.58% of the company’s stock.

Wall Street Analyst Weigh In

HSTM has been the subject of a number of research analyst reports. Craig Hallum raised shares of HealthStream to a “strong-buy” rating in a report on Thursday, October 17th. Canaccord Genuity Group boosted their price objective on shares of HealthStream from $28.00 to $29.00 and gave the stock a “hold” rating in a research note on Wednesday, October 23rd. Finally, Barclays boosted their target price on shares of HealthStream from $32.00 to $34.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 23rd. Two research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, HealthStream presently has an average rating of “Moderate Buy” and a consensus price target of $31.50.

HealthStream Price Performance

NASDAQ:HSTM opened at $31.82 on Friday. HealthStream, Inc. has a fifty-two week low of $23.92 and a fifty-two week high of $32.93. The stock’s 50-day moving average is $29.56 and its two-hundred day moving average is $28.62. The stock has a market cap of $967.96 million, a PE ratio of 48.95, a price-to-earnings-growth ratio of 4.29 and a beta of 0.35.

HealthStream (NASDAQ:HSTM) last posted its quarterly earnings results on Monday, October 21st. The technology company reported $0.19 EPS for the quarter, beating the consensus estimate of $0.13 by $0.06. The firm had revenue of $73.10 million during the quarter, compared to analysts’ expectations of $73.53 million. HealthStream had a return on equity of 5.67% and a net margin of 6.84%. The company’s revenue for the quarter was up 4.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.13 EPS. On average, equities research analysts anticipate that HealthStream, Inc. will post 0.63 earnings per share for the current year.

HealthStream Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Monday, November 4th were paid a dividend of $0.028 per share. This represents a $0.11 annualized dividend and a yield of 0.35%. The ex-dividend date was Monday, November 4th. HealthStream’s payout ratio is presently 16.92%.

Insider Buying and Selling

In other news, Director Tate Deborah Taylor sold 1,400 shares of HealthStream stock in a transaction that occurred 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 completion of the sale, the director now directly owns 22,326 shares in the company, valued at approximately $636,960.78. The trade was a 5.90 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 20.60% of the company’s stock.

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.