Cerity Partners LLC Boosts Stock Holdings in HealthStream, Inc. (NASDAQ:HSTM)

Cerity Partners LLC grew its holdings in HealthStream, Inc. (NASDAQ:HSTM) by 3,889.2% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 300,070 shares of the technology company’s stock after purchasing an additional 292,548 shares during the quarter. Cerity Partners LLC’s holdings in HealthStream were worth $9,534,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Quarry LP purchased a new position in HealthStream during the third quarter valued at approximately $27,000. New Age Alpha Advisors LLC bought a new stake in HealthStream during the 4th quarter valued at $80,000. Meeder Asset Management Inc. purchased a new position in shares of HealthStream in the 4th quarter valued at $114,000. Lee Danner & Bass Inc. bought a new position in shares of HealthStream in the 4th quarter worth $183,000. Finally, Vestcor Inc raised its position in shares of HealthStream by 35.1% in 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 in the last quarter. Hedge funds and other institutional investors own 69.58% of the company’s stock.

HealthStream Price Performance

Shares of HSTM stock opened at $31.34 on Friday. The stock’s fifty day moving average price is $32.43 and its 200 day moving average price is $31.56. HealthStream, Inc. has a 1-year low of $23.92 and a 1-year high of $34.24. The company has a market cap of $953.80 million, a price-to-earnings ratio of 48.22, a price-to-earnings-growth ratio of 4.37 and a beta of 0.42.

HealthStream (NASDAQ:HSTM) last issued its quarterly earnings results 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 quarter last year, the company earned $0.14 earnings per share. As a group, equities research analysts anticipate that HealthStream, Inc. will post 0.63 earnings per share for the current year.

HealthStream Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Monday, March 10th were paid a dividend of $0.031 per share. This is a positive change 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 dividend on an annualized basis and a yield of 0.40%. HealthStream’s dividend payout ratio is presently 18.18%.

Wall Street Analysts Forecast Growth

HSTM has been the topic of several analyst reports. Canaccord Genuity Group lifted their target price on HealthStream from $29.00 to $30.00 and gave the company a “hold” rating in a research note on Wednesday, February 26th. JMP Securities reaffirmed a “market perform” rating on shares of HealthStream in a research report on Thursday, February 6th. Finally, William Blair reiterated an “outperform” rating on shares of HealthStream in a research note on Tuesday, February 25th. Two research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $32.00.

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.