Principal Financial Group Inc. Acquires 4,407 Shares of HealthStream, Inc. (NASDAQ:HSTM)

Principal Financial Group Inc. increased its holdings in shares of HealthStream, Inc. (NASDAQ:HSTM) by 3.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 126,673 shares of the technology company’s stock after acquiring an additional 4,407 shares during the period. Principal Financial Group Inc. owned approximately 0.42% of HealthStream worth $4,028,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Barclays PLC boosted its stake in HealthStream by 145.0% during the third quarter. Barclays PLC now owns 58,838 shares of the technology company’s stock worth $1,697,000 after acquiring an additional 34,821 shares in the last quarter. Robeco Institutional Asset Management B.V. boosted its stake in HealthStream by 26.9% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 76,260 shares of the technology company’s stock worth $2,425,000 after acquiring an additional 16,166 shares in the last quarter. State Street Corp boosted its stake in HealthStream by 1.2% during the third quarter. State Street Corp now owns 974,235 shares of the technology company’s stock worth $28,097,000 after acquiring an additional 11,976 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in HealthStream by 18.7% during the third quarter. JPMorgan Chase & Co. now owns 57,204 shares of the technology company’s stock worth $1,650,000 after acquiring an additional 9,017 shares in the last quarter. Finally, FMR LLC boosted its stake 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 acquiring an additional 23,055 shares in the last quarter. Institutional investors own 69.58% of the company’s stock.

Analyst Ratings Changes

HSTM has been the topic of several analyst reports. William Blair reiterated an “outperform” rating on shares of HealthStream in a research note on Tuesday, February 25th. Canaccord Genuity Group upped their target price on shares of HealthStream from $29.00 to $30.00 and gave the stock a “hold” rating in a research note on Wednesday, February 26th. Finally, JMP Securities reiterated a “market perform” rating on shares of HealthStream in a research note on Thursday, February 6th. Two equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $32.00.

HealthStream Stock Performance

Shares of NASDAQ HSTM opened at $33.44 on Tuesday. The company has a market cap of $1.02 billion, a PE ratio of 51.45, a P/E/G ratio of 4.37 and a beta of 0.39. The firm’s 50 day moving average price is $32.52 and its 200-day moving average price is $30.90. HealthStream, Inc. has a 52-week low of $23.92 and a 52-week high of $34.24.

HealthStream (NASDAQ:HSTM) last issued its quarterly earnings data on Monday, February 24th. The technology company reported $0.16 earnings per share for the quarter, beating analysts’ consensus estimates of $0.13 by $0.03. The company had revenue of $74.24 million for the quarter, compared to the consensus estimate of $73.55 million. HealthStream had a net margin of 6.84% and a return on equity of 5.67%. During the same quarter in the prior year, the firm earned $0.14 earnings per share. On average, analysts forecast that HealthStream, Inc. will post 0.63 earnings per share for the current fiscal year.

HealthStream Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Monday, March 10th will be given a dividend of $0.031 per share. This is an increase from HealthStream’s previous quarterly dividend of $0.03. The ex-dividend date of this dividend is Monday, March 10th. This represents a $0.12 dividend on an annualized basis and a yield of 0.37%. HealthStream’s dividend payout ratio is 18.18%.

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.