Heartland Advisors Inc. Sells 30,996 Shares of HealthStream, Inc. (NASDAQ:HSTM)

Heartland Advisors Inc. lowered its position in HealthStream, Inc. (NASDAQ:HSTM) by 9.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 287,396 shares of the technology company’s stock after selling 30,996 shares during the quarter. Heartland Advisors Inc. owned 0.94% of HealthStream worth $9,139,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in HSTM. Rhumbline Advisers lifted its position in shares of HealthStream by 0.6% in the 4th quarter. Rhumbline Advisers now owns 74,468 shares of the technology company’s stock worth $2,368,000 after purchasing an additional 412 shares during the period. Bridge City Capital LLC lifted its holdings in HealthStream by 0.9% in the fourth quarter. Bridge City Capital LLC now owns 59,254 shares of the technology company’s stock valued at $1,884,000 after buying an additional 535 shares during the period. Sanctuary Advisors LLC boosted its position in HealthStream by 4.8% during the fourth quarter. Sanctuary Advisors LLC now owns 15,445 shares of the technology company’s stock valued at $507,000 after acquiring an additional 708 shares during the last quarter. Quarry LP acquired a new stake in HealthStream during the 3rd quarter worth about $27,000. Finally, Diversified Trust Co raised its position in shares of HealthStream by 20.5% in the 4th quarter. Diversified Trust Co now owns 8,733 shares of the technology company’s stock worth $278,000 after acquiring an additional 1,486 shares in the last quarter. Institutional investors own 69.58% of the company’s stock.

Analysts Set New Price Targets

HSTM has been the subject of several research analyst reports. William Blair reaffirmed an “outperform” rating on shares of HealthStream in a research note on Tuesday, February 25th. JMP Securities restated a “market perform” rating on shares of HealthStream in a research note on Thursday, February 6th. Finally, 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. Two analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, HealthStream presently has a consensus rating of “Moderate Buy” and an average target price of $32.00.

HealthStream Stock Up 0.6 %

Shares of NASDAQ:HSTM opened at $32.09 on Friday. The company’s fifty day moving average is $32.59 and its 200 day moving average is $31.31. HealthStream, Inc. has a 52 week low of $23.92 and a 52 week high of $34.24. The stock has a market cap of $976.63 million, a PE ratio of 49.37, a PEG ratio of 4.37 and a beta of 0.37.

HealthStream (NASDAQ:HSTM) last announced its quarterly earnings results on Monday, February 24th. The technology company reported $0.16 earnings per share (EPS) 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 return on equity of 5.67% and a net margin of 6.84%. During the same quarter in the previous year, the business earned $0.14 EPS. Sell-side analysts anticipate that HealthStream, Inc. will post 0.63 EPS for the current year.

HealthStream Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Monday, March 10th were given a dividend of $0.031 per share. This is a boost from HealthStream’s previous quarterly dividend of $0.03. This represents a $0.12 dividend on an annualized basis and a yield of 0.39%. The ex-dividend date of this dividend was Monday, March 10th. HealthStream’s dividend payout ratio (DPR) 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.