Victory Capital Management Inc. Buys 1,793 Shares of HealthStream, Inc. (NASDAQ:HSTM)

Victory Capital Management Inc. raised its stake in HealthStream, Inc. (NASDAQ:HSTM) by 4.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 39,593 shares of the technology company’s stock after acquiring an additional 1,793 shares during the period. Victory Capital Management Inc. owned approximately 0.13% of HealthStream worth $1,142,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the stock. GAMMA Investing LLC lifted its position in HealthStream by 172.1% during the second quarter. GAMMA Investing LLC now owns 996 shares of the technology company’s stock worth $28,000 after purchasing an additional 630 shares during the period. Point72 DIFC Ltd bought a new position in shares of HealthStream in the 2nd quarter valued at $38,000. Copeland Capital Management LLC acquired a new stake in shares of HealthStream during the 3rd quarter valued at $63,000. CWM LLC boosted its holdings in shares of HealthStream by 405.4% during the 2nd quarter. CWM LLC now owns 2,709 shares of the technology company’s stock valued at $76,000 after acquiring an additional 2,173 shares in the last quarter. Finally, XTX Topco Ltd bought a new stake in HealthStream during the 2nd quarter worth $214,000. 69.58% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the company. Craig Hallum upgraded HealthStream to a “strong-buy” rating in a research report on Thursday, October 17th. Canaccord Genuity Group raised their price objective on shares of HealthStream from $28.00 to $29.00 and gave the company a “hold” rating in a report on Wednesday, October 23rd. Finally, Barclays lifted 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 assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $31.50.

HealthStream Trading Up 0.0 %

Shares of HSTM opened at $32.54 on Wednesday. The stock’s 50-day moving average price is $29.77 and its two-hundred day moving average price is $28.74. HealthStream, Inc. has a 12 month low of $23.92 and a 12 month high of $33.09. The company has a market capitalization of $989.70 million, a PE ratio of 49.57, a PEG ratio of 4.28 and a beta of 0.35.

HealthStream (NASDAQ:HSTM) last posted its quarterly earnings data on Monday, October 21st. The technology company reported $0.19 EPS for the quarter, topping analysts’ consensus estimates of $0.13 by $0.06. The company had revenue of $73.10 million for the quarter, compared to analyst estimates of $73.53 million. HealthStream had a return on equity of 5.67% and a net margin of 6.84%. The firm’s quarterly revenue was up 4.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.13 earnings per share. Equities research analysts predict that HealthStream, Inc. will post 0.63 EPS for the current fiscal year.

HealthStream Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Monday, November 4th were paid a $0.028 dividend. This represents a $0.11 dividend on an annualized basis and a dividend yield of 0.34%. The ex-dividend date of this dividend was Monday, November 4th. HealthStream’s dividend payout ratio is currently 16.92%.

Insider Transactions at HealthStream

In other news, Director Tate Deborah Taylor sold 1,400 shares of the business’s stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $28.53, for a total value of $39,942.00. Following the transaction, the director now directly owns 22,326 shares of the company’s stock, valued at $636,960.78. The trade was a 5.90 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 20.60% of the stock is currently owned by corporate insiders.

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.