Connor Clark & Lunn Investment Management Ltd. Buys 17,286 Shares of HealthStream, Inc. (NASDAQ:HSTM)

Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of HealthStream, Inc. (NASDAQ:HSTM) by 81.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 38,615 shares of the technology company’s stock after buying an additional 17,286 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned 0.13% of HealthStream worth $1,114,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. GAMMA Investing LLC grew its stake in HealthStream by 172.1% in the 2nd quarter. GAMMA Investing LLC now owns 996 shares of the technology company’s stock valued at $28,000 after purchasing an additional 630 shares during the period. Point72 DIFC Ltd bought a new position in HealthStream in the 2nd quarter valued at $38,000. Copeland Capital Management LLC bought a new position in HealthStream in the 3rd quarter valued at $63,000. CWM LLC grew its stake in HealthStream by 405.4% in the 2nd quarter. CWM LLC now owns 2,709 shares of the technology company’s stock valued at $76,000 after purchasing an additional 2,173 shares during the period. Finally, XTX Topco Ltd bought a new position in HealthStream in the 2nd quarter valued at $214,000. Institutional investors own 69.58% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Barclays upped their price objective on HealthStream from $32.00 to $34.00 and gave the company an “overweight” rating in a research note on Wednesday, October 23rd. Craig Hallum upgraded HealthStream to a “strong-buy” rating in a research note on Thursday, October 17th. Finally, Canaccord Genuity Group increased their price target on HealthStream from $28.00 to $29.00 and gave the stock a “hold” rating in a research note on Wednesday, October 23rd. Two analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $31.50.

HealthStream Stock Performance

HSTM stock opened at $33.03 on Thursday. The company has a market capitalization of $1.00 billion, a price-to-earnings ratio of 50.06, a PEG ratio of 4.33 and a beta of 0.35. HealthStream, Inc. has a fifty-two week low of $23.92 and a fifty-two week high of $33.43. The stock has a fifty day moving average of $29.84 and a 200-day moving average of $28.78.

HealthStream (NASDAQ:HSTM) last posted its quarterly earnings results on Monday, October 21st. The technology company reported $0.19 earnings per share for the quarter, topping the consensus estimate of $0.13 by $0.06. The company had revenue of $73.10 million during the quarter, compared to the consensus estimate of $73.53 million. HealthStream had a return on equity of 5.67% and a net margin of 6.84%. The firm’s quarterly revenue was up 4.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.13 EPS. Equities analysts predict that HealthStream, Inc. will post 0.63 EPS for the current year.

HealthStream Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Monday, November 4th were issued a dividend of $0.028 per share. The ex-dividend date was Monday, November 4th. This represents a $0.11 dividend on an annualized basis and a yield of 0.34%. HealthStream’s dividend payout ratio (DPR) is 16.92%.

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.