Barclays PLC grew its holdings in HealthStream, Inc. (NASDAQ:HSTM – Free Report) by 145.0% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 58,838 shares of the technology company’s stock after acquiring an additional 34,821 shares during the period. Barclays PLC owned about 0.19% of HealthStream worth $1,697,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently modified their holdings of HSTM. Deerfield Management Company L.P. Series C purchased a new stake in HealthStream during the 2nd quarter worth $626,000. State Street Corp grew its stake in shares of HealthStream by 1.2% during the third quarter. State Street Corp now owns 974,235 shares of the technology company’s stock valued at $28,097,000 after acquiring an additional 11,976 shares in the last quarter. Harbor Capital Advisors Inc. raised its position in shares of HealthStream by 141.2% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 400,033 shares of the technology company’s stock valued at $11,537,000 after purchasing an additional 234,148 shares in the last quarter. First Eagle Investment Management LLC boosted its stake in shares of HealthStream by 7.1% during the 2nd quarter. First Eagle Investment Management LLC now owns 530,178 shares of the technology company’s stock valued at $14,792,000 after buying an additional 35,350 shares during the last quarter. Finally, FMR LLC grew its stake in HealthStream by 24.0% in the third quarter. FMR LLC now owns 119,067 shares of the technology company’s stock worth $3,434,000 after purchasing an additional 23,055 shares in the last quarter. Institutional investors and hedge funds own 69.58% of the company’s stock.
Analyst Ratings Changes
A number of equities research analysts have recently weighed in on the company. Canaccord Genuity Group boosted their price target on HealthStream from $28.00 to $29.00 and gave the company a “hold” rating in a report on Wednesday, October 23rd. Barclays boosted their price target on HealthStream from $32.00 to $34.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 23rd. Finally, Craig Hallum upgraded shares of HealthStream to a “strong-buy” rating in a research note on Thursday, October 17th. One analyst has rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $31.50.
HealthStream Stock Down 0.9 %
Shares of HealthStream stock opened at $31.75 on Friday. The business has a fifty day simple moving average of $31.37 and a 200-day simple moving average of $29.52. The firm has a market cap of $965.68 million, a price-to-earnings ratio of 48.85, a price-to-earnings-growth ratio of 4.36 and a beta of 0.38. HealthStream, Inc. has a fifty-two week low of $23.92 and a fifty-two week high of $33.52.
HealthStream (NASDAQ:HSTM – Get Free Report) last posted its quarterly earnings data on Monday, October 21st. The technology company reported $0.19 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.06. The company 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 revenue for the quarter was up 4.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.13 EPS. Analysts anticipate that HealthStream, Inc. will post 0.63 earnings per share for the current fiscal year.
HealthStream Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Monday, November 4th were given 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 16.92%.
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.
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