Jane Street Group LLC Has $878,000 Stock Holdings in HealthStream, Inc. (NASDAQ:HSTM)

Jane Street Group LLC reduced its stake in HealthStream, Inc. (NASDAQ:HSTM) by 5.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 30,450 shares of the technology company’s stock after selling 1,863 shares during the period. Jane Street Group LLC owned 0.10% of HealthStream worth $878,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the stock. Deerfield Management Company L.P. Series C bought a new position in HealthStream during the 2nd quarter worth $626,000. State Street Corp grew its holdings in shares of HealthStream by 1.2% during the 3rd quarter. State Street Corp now owns 974,235 shares of the technology company’s stock worth $28,097,000 after purchasing an additional 11,976 shares in the last quarter. Harbor Capital Advisors Inc. increased its position in shares of HealthStream by 141.2% in the third quarter. Harbor Capital Advisors Inc. now owns 400,033 shares of the technology company’s stock worth $11,537,000 after purchasing an additional 234,148 shares during the period. First Eagle Investment Management LLC raised its stake in HealthStream by 7.1% in the second quarter. First Eagle Investment Management LLC now owns 530,178 shares of the technology company’s stock valued at $14,792,000 after purchasing an additional 35,350 shares in the last quarter. Finally, FMR LLC lifted its position in HealthStream by 24.0% during 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 during the period. 69.58% of the stock is owned by institutional investors.

HealthStream Stock Performance

Shares of NASDAQ:HSTM opened at $31.80 on Thursday. HealthStream, Inc. has a fifty-two week low of $23.92 and a fifty-two week high of $33.52. The company’s 50-day moving average is $31.60 and its 200 day moving average is $29.64. The company has a market capitalization of $967.36 million, a P/E ratio of 48.92, a price-to-earnings-growth ratio of 4.30 and a beta of 0.38.

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

HealthStream Announces Dividend

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

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on HSTM shares. Barclays raised their target price on HealthStream from $32.00 to $34.00 and gave the company an “overweight” rating in a report on Wednesday, October 23rd. Craig Hallum raised HealthStream to a “strong-buy” rating in a research note on Thursday, October 17th. Finally, Canaccord Genuity Group boosted their target price on HealthStream from $28.00 to $29.00 and gave the stock a “hold” rating in a research note on Wednesday, October 23rd. One 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 company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $31.50.

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.