Stephens Investment Management Group LLC Lowers Position in HealthStream, Inc. (NASDAQ:HSTM)

Stephens Investment Management Group LLC decreased its position in HealthStream, Inc. (NASDAQ:HSTM) by 15.3% during the 3rd quarter, Holdings Channel reports. The fund owned 355,473 shares of the technology company’s stock after selling 64,435 shares during the quarter. Stephens Investment Management Group LLC’s holdings in HealthStream were worth $10,252,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. GAMMA Investing LLC boosted its holdings 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 valued at $39,000 after acquiring an additional 359 shares in the last quarter. The Manufacturers Life Insurance Company boosted its holdings in HealthStream by 10.0% during the second quarter. The Manufacturers Life Insurance Company now owns 9,671 shares of the technology company’s stock worth $270,000 after buying an additional 876 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in HealthStream by 6.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 16,178 shares of the technology company’s stock worth $432,000 after buying an additional 918 shares in the last quarter. Ellsworth Advisors LLC boosted its holdings in HealthStream by 5.1% during the third 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, State Board of Administration of Florida Retirement System boosted its holdings in HealthStream by 1.5% during the first 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 buying an additional 1,131 shares in the last quarter. Hedge funds and other institutional investors own 69.58% of the company’s stock.

Insider Activity

In other news, SVP Kevin P. O’hara sold 3,000 shares of the business’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 value of $84,090.00. Following the completion of the transaction, the senior vice president now owns 9,527 shares of the company’s stock, valued at $267,041.81. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other news, SVP Kevin P. O’hara sold 3,000 shares of the business’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 value of $84,090.00. Following the completion of the transaction, the senior vice president now owns 9,527 shares of the company’s stock, valued at $267,041.81. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Tate Deborah Taylor sold 1,400 shares of the business’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 transaction of $39,942.00. Following the completion of the transaction, the director now directly owns 22,326 shares of the company’s stock, valued at approximately $636,960.78. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 20.60% of the company’s stock.

HealthStream Price Performance

Shares of NASDAQ HSTM opened at $29.33 on Friday. HealthStream, Inc. has a 12-month low of $23.92 and a 12-month high of $31.15. The company has a market capitalization of $892.22 million, a PE ratio of 45.12, a price-to-earnings-growth ratio of 3.89 and a beta of 0.36. The firm’s 50-day moving average is $28.78 and its two-hundred day moving average is $28.02.

HealthStream (NASDAQ:HSTM) last announced its quarterly earnings results on Monday, October 21st. The technology company reported $0.19 earnings per share (EPS) for the quarter, beating 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 company had revenue of $73.10 million for the quarter, compared to the consensus estimate of $73.53 million. During the same quarter in the prior year, the firm earned $0.13 earnings per share. The company’s revenue for the quarter was up 4.0% compared to the same quarter last year. On average, analysts forecast that HealthStream, Inc. will post 0.63 EPS for the current fiscal year.

HealthStream Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Monday, November 4th will be given a $0.028 dividend. This represents a $0.11 dividend on an annualized basis and a dividend yield of 0.38%. The ex-dividend date is Monday, November 4th. HealthStream’s dividend payout ratio is presently 16.92%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on HSTM. Canaccord Genuity Group boosted their price objective on shares of HealthStream from $28.00 to $29.00 and gave the stock a “hold” rating in a report on Wednesday, October 23rd. Craig Hallum raised shares of HealthStream to a “strong-buy” rating in a report on Thursday, October 17th. Barclays boosted their price objective on shares of HealthStream from $32.00 to $34.00 and gave the stock an “overweight” rating in a report on Wednesday, October 23rd. Finally, StockNews.com downgraded shares of HealthStream from a “strong-buy” rating to a “buy” rating in a report on Wednesday, July 24th. Two investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate 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.