HealthStream, Inc. (HSTM) to Issue Quarterly Dividend of $0.03 on March 21st

HealthStream, Inc. (NASDAQ:HSTM) declared a quarterly dividend on Monday, February 24th, Wall Street Journal reports. Investors of record on Monday, March 10th will be given a dividend of 0.031 per share by the technology company on Friday, March 21st. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.38%. The ex-dividend date is Monday, March 10th. This is a boost from HealthStream’s previous quarterly dividend of $0.03.

HealthStream has a dividend payout ratio of 14.9% meaning its dividend is sufficiently covered by earnings. Equities analysts expect HealthStream to earn $0.64 per share next year, which means the company should continue to be able to cover its $0.11 annual dividend with an expected future payout ratio of 17.2%.

HealthStream Price Performance

NASDAQ:HSTM traded up $0.31 on Wednesday, reaching $32.68. 129,344 shares of the company’s stock were exchanged, compared to its average volume of 121,044. The stock has a fifty day simple moving average of $32.40 and a 200-day simple moving average of $30.77. HealthStream has a 52 week low of $23.92 and a 52 week high of $34.24. The firm has a market cap of $993.96 million, a price-to-earnings ratio of 50.28, a P/E/G ratio of 4.37 and a beta of 0.39.

HealthStream (NASDAQ:HSTM) last posted its quarterly earnings data on Monday, February 24th. The technology company reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.03. The firm had revenue of $74.24 million for the quarter, compared to analysts’ expectations of $73.55 million. HealthStream had a net margin of 6.84% and a return on equity of 5.67%. During the same quarter last year, the company posted $0.14 EPS. As a group, sell-side analysts predict that HealthStream will post 0.63 EPS for the current year.

Analyst Upgrades and Downgrades

HSTM has been the subject of several recent research reports. William Blair reiterated an “outperform” rating on shares of HealthStream in a research report on Tuesday. Canaccord Genuity Group upped their price objective on shares of HealthStream from $29.00 to $30.00 and gave the stock a “hold” rating in a report on Wednesday. Finally, JMP Securities reaffirmed 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 stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $32.00.

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.