HealthStream, Inc. (NASDAQ:HSTM) Stock Holdings Lifted by State Street Corp

State Street Corp boosted its holdings in HealthStream, Inc. (NASDAQ:HSTM) by 1.2% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 974,235 shares of the technology company’s stock after acquiring an additional 11,976 shares during the period. State Street Corp owned about 3.20% of HealthStream worth $28,097,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Quarry LP acquired a new stake in shares of HealthStream in the 3rd quarter worth about $27,000. GAMMA Investing LLC increased its stake in shares of HealthStream by 36.0% in the third quarter. GAMMA Investing LLC now owns 1,355 shares of the technology company’s stock valued at $39,000 after purchasing an additional 359 shares during the period. Point72 DIFC Ltd bought a new stake in shares of HealthStream during the second quarter valued at approximately $38,000. Copeland Capital Management LLC acquired a new position in shares of HealthStream during the third quarter worth approximately $63,000. Finally, CWM LLC grew its holdings in HealthStream by 64.2% in the 3rd quarter. CWM LLC now owns 4,448 shares of the technology company’s stock worth $128,000 after buying an additional 1,739 shares in the last quarter. 69.58% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

HSTM has been the subject of several recent analyst reports. Barclays increased their price target on HealthStream from $32.00 to $34.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 23rd. Craig Hallum upgraded shares of HealthStream to a “strong-buy” rating in a research report on Thursday, October 17th. Finally, 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 research note on Wednesday, October 23rd. One equities research analyst has rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, HealthStream presently has an average rating of “Buy” and an average target price of $31.50.

HealthStream Trading Up 0.8 %

Shares of NASDAQ HSTM opened at $31.45 on Monday. HealthStream, Inc. has a twelve month low of $23.92 and a twelve month high of $33.52. The firm has a 50-day moving average of $31.14 and a two-hundred day moving average of $29.44. The company has a market capitalization of $956.55 million, a price-to-earnings ratio of 48.39, a PEG ratio of 4.36 and a beta of 0.38.

HealthStream (NASDAQ:HSTM) last released its 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 business had revenue of $73.10 million during the quarter, compared to analyst estimates of $73.53 million. HealthStream had a net margin of 6.84% and a return on equity of 5.67%. The business’s quarterly revenue was up 4.0% on a year-over-year basis. During the same period in the prior year, the business earned $0.13 earnings per share. As a group, research analysts predict that HealthStream, Inc. will post 0.63 earnings per share for the current year.

HealthStream Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Monday, November 4th were given a dividend of $0.028 per share. This represents a $0.11 dividend on an annualized basis and a dividend yield of 0.36%. The ex-dividend date was Monday, November 4th. HealthStream’s dividend payout ratio (DPR) is presently 16.92%.

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.