HealthStream, Inc. (NASDAQ:HSTM) Holdings Decreased by Principal Financial Group Inc.

Principal Financial Group Inc. reduced its holdings in HealthStream, Inc. (NASDAQ:HSTM) by 1.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 122,266 shares of the technology company’s stock after selling 1,422 shares during the period. Principal Financial Group Inc. owned about 0.40% of HealthStream worth $3,526,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. GAMMA Investing LLC lifted its position 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 worth $39,000 after purchasing an additional 359 shares in the last quarter. The Manufacturers Life Insurance Company increased its stake in HealthStream by 10.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 9,671 shares of the technology company’s stock valued at $270,000 after buying an additional 876 shares during the period. Quarry LP purchased a new stake in HealthStream in the 3rd quarter worth approximately $27,000. Ellsworth Advisors LLC lifted its position in HealthStream by 5.1% in the 3rd quarter. Ellsworth Advisors LLC now owns 20,035 shares of the technology company’s stock worth $578,000 after buying an additional 972 shares in the last quarter. Finally, Point72 DIFC Ltd acquired a new stake in shares of HealthStream during the 2nd quarter valued at $38,000. 69.58% of the stock is currently owned by institutional investors and hedge funds.

HealthStream Trading Down 0.3 %

Shares of NASDAQ:HSTM opened at $31.71 on Friday. HealthStream, Inc. has a 1 year low of $23.92 and a 1 year high of $33.52. The firm has a fifty day moving average price of $31.67 and a 200 day moving average price of $29.66. The stock has a market capitalization of $964.62 million, a PE ratio of 48.79, a P/E/G ratio of 4.30 and a beta of 0.38.

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

HealthStream Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Monday, November 4th were given a $0.028 dividend. This represents a $0.11 dividend on an annualized basis and a dividend yield of 0.35%. The ex-dividend date was Monday, November 4th. HealthStream’s dividend payout ratio is 16.92%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Craig Hallum upgraded HealthStream to a “strong-buy” rating in a report on Thursday, October 17th. Barclays raised 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. Finally, Canaccord Genuity Group boosted their price target on HealthStream from $28.00 to $29.00 and gave the company a “hold” rating in a research note on Wednesday, October 23rd. One research analyst has rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of $31.50.

About HealthStream

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.