Teacher Retirement System of Texas Purchases 44,571 Shares of HealthStream, Inc. (NASDAQ:HSTM)

Teacher Retirement System of Texas boosted its holdings in shares of HealthStream, Inc. (NASDAQ:HSTM) by 128.1% in the 4th quarter, Holdings Channel reports. The firm owned 79,364 shares of the technology company’s stock after buying an additional 44,571 shares during the period. Teacher Retirement System of Texas’ holdings in HealthStream were worth $2,524,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the business. Victory Capital Management Inc. lifted its position in shares of HealthStream by 4.7% during the 3rd quarter. Victory Capital Management Inc. now owns 39,593 shares of the technology company’s stock worth $1,142,000 after buying an additional 1,793 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of HealthStream by 81.0% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 38,615 shares of the technology company’s stock worth $1,114,000 after acquiring an additional 17,286 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of HealthStream by 3.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 218,447 shares of the technology company’s stock valued at $6,300,000 after purchasing an additional 6,832 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in shares of HealthStream during the 3rd quarter valued at approximately $269,000. Finally, FMR LLC increased its position in HealthStream by 24.0% during the 3rd quarter. FMR LLC now owns 119,067 shares of the technology company’s stock worth $3,434,000 after purchasing an additional 23,055 shares in the last quarter. Institutional investors and hedge funds own 69.58% of the company’s stock.

Wall Street Analysts Forecast Growth

HSTM has been the topic of a number of research reports. JMP Securities reaffirmed a “market perform” rating on shares of HealthStream in a research note on Thursday, February 6th. Canaccord Genuity Group raised their price objective on HealthStream from $29.00 to $30.00 and gave the company a “hold” rating in a report on Wednesday, February 26th. Finally, William Blair reaffirmed an “outperform” rating on shares of HealthStream in a report on Tuesday, February 25th. Two investment 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 company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $32.00.

HealthStream Stock Performance

HSTM stock opened at $31.90 on Thursday. HealthStream, Inc. has a 52-week low of $23.92 and a 52-week high of $34.24. The company has a market capitalization of $970.84 million, a P/E ratio of 49.08, a PEG ratio of 4.37 and a beta of 0.37. The company has a fifty day moving average price of $32.59 and a 200-day moving average price of $31.31.

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

HealthStream Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Monday, March 10th were given a dividend of $0.031 per share. This represents a $0.12 dividend on an annualized basis and a yield of 0.39%. The ex-dividend date was Monday, March 10th. This is an increase from HealthStream’s previous quarterly dividend of $0.03. HealthStream’s dividend 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.