33,464 Shares in HealthStream, Inc. (NASDAQ:HSTM) Acquired by Intech Investment Management LLC

Intech Investment Management LLC purchased a new position in shares of HealthStream, Inc. (NASDAQ:HSTM) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 33,464 shares of the technology company’s stock, valued at approximately $1,064,000.

Other hedge funds have also added to or reduced their stakes in the company. Quarry LP bought a new position in HealthStream during the 3rd quarter worth $27,000. Vestcor Inc increased its stake in HealthStream by 35.1% during the 3rd quarter. Vestcor Inc now owns 7,494 shares of the technology company’s stock worth $216,000 after acquiring an additional 1,946 shares during the period. Diversified Trust Co increased its stake in HealthStream by 20.5% during 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 during the period. Centiva Capital LP bought a new position in HealthStream during the 3rd quarter worth $260,000. Finally, Y Intercept Hong Kong Ltd bought a new position in HealthStream during the 3rd quarter worth $260,000. 69.58% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have commented on HSTM. Canaccord Genuity Group raised their price objective on HealthStream from $29.00 to $30.00 and gave the stock a “hold” rating in a research note on Wednesday, February 26th. William Blair reiterated an “outperform” rating on shares of HealthStream in a research note on Tuesday, February 25th. Finally, JMP Securities reiterated a “market perform” rating on shares of HealthStream in a research note on Thursday, February 6th. Two investment analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $32.00.

HealthStream Stock Performance

Shares of HSTM opened at $31.55 on Friday. HealthStream, Inc. has a 52-week low of $23.92 and a 52-week high of $34.24. The business’s fifty day moving average is $32.56 and its 200-day moving average is $31.24. The firm has a market cap of $960.19 million, a price-to-earnings ratio of 48.54, a PEG ratio of 4.37 and a beta of 0.37.

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, topping analysts’ consensus estimates of $0.13 by $0.03. The business had revenue of $74.24 million for the quarter, compared to analyst estimates 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 company posted $0.14 EPS. As a group, research analysts forecast that HealthStream, Inc. will post 0.63 EPS for the current fiscal year.

HealthStream Increases Dividend

The company also recently disclosed 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. The ex-dividend date was Monday, March 10th. This represents a $0.12 dividend on an annualized basis and a yield of 0.39%. This is a positive change from HealthStream’s previous quarterly dividend of $0.03. HealthStream’s payout ratio is currently 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.