Zacks Investment Management Has $2.23 Million Stock Position in HealthStream, Inc. (NASDAQ:HSTM)

Zacks Investment Management grew its stake in shares of HealthStream, Inc. (NASDAQ:HSTM) by 19.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 70,245 shares of the technology company’s stock after acquiring an additional 11,628 shares during the period. Zacks Investment Management’s holdings in HealthStream were worth $2,234,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in HSTM. Barclays PLC lifted its holdings in HealthStream by 4.4% during the 4th quarter. Barclays PLC now owns 61,443 shares of the technology company’s stock worth $1,954,000 after purchasing an additional 2,605 shares during the last quarter. Sterling Capital Management LLC lifted its holdings in shares of HealthStream by 3.0% during the fourth quarter. Sterling Capital Management LLC now owns 15,814 shares of the technology company’s stock worth $503,000 after buying an additional 459 shares in the last quarter. Bessemer Group Inc. boosted its position in shares of HealthStream by 1,074.6% in the fourth quarter. Bessemer Group Inc. now owns 3,747 shares of the technology company’s stock valued at $119,000 after acquiring an additional 3,428 shares during the period. Invesco Ltd. increased its position in HealthStream by 11.5% during the fourth quarter. Invesco Ltd. now owns 248,221 shares of the technology company’s stock worth $7,893,000 after acquiring an additional 25,519 shares during the period. Finally, Cerity Partners LLC raised its stake in HealthStream by 3,889.2% in the 4th quarter. Cerity Partners LLC now owns 300,070 shares of the technology company’s stock worth $9,534,000 after purchasing an additional 292,548 shares in the last quarter. Institutional investors own 69.58% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently commented on HSTM. JMP Securities reaffirmed a “market perform” rating on shares of HealthStream in a report on Thursday, February 6th. William Blair reaffirmed an “outperform” rating on shares of HealthStream in a report on Tuesday, February 25th. Finally, Canaccord Genuity Group increased their target price on HealthStream from $29.00 to $30.00 and gave the stock a “hold” rating in a report on Wednesday, February 26th. Two investment 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. According to MarketBeat, HealthStream currently has a consensus rating of “Moderate Buy” and an average price target of $32.00.

HealthStream Price Performance

Shares of NASDAQ:HSTM opened at $32.39 on Friday. The company’s 50 day simple moving average is $32.35 and its 200 day simple moving average is $31.68. HealthStream, Inc. has a 1 year low of $23.92 and a 1 year high of $34.24. The stock has a market capitalization of $988.70 million, a price-to-earnings ratio of 49.83, a price-to-earnings-growth ratio of 4.37 and a beta of 0.42.

HealthStream (NASDAQ:HSTM) last announced its quarterly earnings data on Monday, February 24th. The technology company reported $0.16 earnings per share for the quarter, topping the consensus estimate of $0.13 by $0.03. HealthStream had a return on equity of 5.67% and a net margin of 6.84%. The business had revenue of $74.24 million during the quarter, compared to the consensus estimate of $73.55 million. During the same period in the prior year, the company earned $0.14 EPS. As a group, analysts anticipate that HealthStream, Inc. will post 0.63 EPS for the current fiscal year.

HealthStream Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Monday, March 10th were paid a $0.031 dividend. This is an increase from HealthStream’s previous quarterly dividend of $0.03. The ex-dividend date of this dividend was Monday, March 10th. This represents a $0.12 annualized dividend and a yield of 0.38%. HealthStream’s dividend payout ratio is presently 18.18%.

HealthStream 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.