Victory Capital Management Inc. Sells 2,350 Shares of HealthStream, Inc. (NASDAQ:HSTM)

Victory Capital Management Inc. lessened its holdings in HealthStream, Inc. (NASDAQ:HSTM) by 5.9% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 37,800 shares of the technology company’s stock after selling 2,350 shares during the quarter. Victory Capital Management Inc. owned 0.12% of HealthStream worth $1,055,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently modified their holdings of HSTM. Parallel Advisors LLC grew its position in shares of HealthStream by 79.4% in the 4th quarter. Parallel Advisors LLC now owns 1,132 shares of the technology company’s stock worth $31,000 after buying an additional 501 shares during the last quarter. GAMMA Investing LLC boosted its holdings 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. Price T Rowe Associates Inc. MD increased its position in HealthStream by 6.0% during the 1st 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 period. State Board of Administration of Florida Retirement System raised its holdings in HealthStream by 1.5% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 78,749 shares of the technology company’s stock worth $2,134,000 after purchasing an additional 1,131 shares in the last quarter. Finally, Ellsworth Advisors LLC lifted its position in shares of HealthStream by 6.8% in the 2nd quarter. Ellsworth Advisors LLC now owns 19,063 shares of the technology company’s stock worth $532,000 after purchasing an additional 1,212 shares during the period. Hedge funds and other institutional investors own 69.58% of the company’s stock.

Analysts Set New Price Targets

HSTM has been the topic of several research analyst reports. StockNews.com cut shares of HealthStream from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, July 24th. Canaccord Genuity Group upped their target price on HealthStream from $27.00 to $28.00 and gave the stock a “hold” rating in a report on Wednesday, July 24th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $30.00.

Insider Buying and Selling at HealthStream

In other news, Director Tate Deborah Taylor sold 1,400 shares of the stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $28.53, for a total value of $39,942.00. Following the sale, the director now directly owns 22,326 shares of the company’s stock, valued at $636,960.78. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, SVP Kevin P. O’hara sold 3,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 7th. The shares were sold at an average price of $28.03, for a total transaction of $84,090.00. Following the completion of the sale, the senior vice president now owns 9,527 shares of the company’s stock, valued at $267,041.81. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Tate Deborah Taylor sold 1,400 shares of the company’s 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 transaction, the director now directly owns 22,326 shares in the company, valued at $636,960.78. The disclosure for this sale can be found here. 20.60% of the stock is owned by company insiders.

HealthStream Price Performance

NASDAQ:HSTM opened at $28.67 on Friday. The firm’s 50-day moving average price is $28.81 and its 200-day moving average price is $27.45. The company has a market capitalization of $871.51 million, a PE ratio of 49.43, a P/E/G ratio of 4.13 and a beta of 0.36. HealthStream, Inc. has a 1-year low of $21.08 and a 1-year high of $31.15.

HealthStream (NASDAQ:HSTM) last announced its quarterly earnings data on Monday, July 22nd. The technology company reported $0.14 earnings per share for the quarter, topping analysts’ consensus estimates of $0.12 by $0.02. HealthStream had a net margin of 6.26% and a return on equity of 5.19%. The business had revenue of $71.56 million for the quarter, compared to analysts’ expectations of $72.85 million. During the same quarter in the prior year, the company earned $0.13 earnings per share. The business’s revenue was up 3.4% compared to the same quarter last year. Equities analysts anticipate that HealthStream, Inc. will post 0.56 EPS for the current fiscal year.

HealthStream Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 16th. Investors of record on Monday, August 5th were given a dividend of $0.028 per share. This represents a $0.11 dividend on an annualized basis and a yield of 0.39%. The ex-dividend date was Monday, August 5th. HealthStream’s dividend payout ratio (DPR) is presently 18.97%.

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.