AlphaQuest LLC Decreases Position in HealthStream, Inc. (NASDAQ:HSTM)

AlphaQuest LLC trimmed its position in shares of HealthStream, Inc. (NASDAQ:HSTM) by 14.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 18,730 shares of the technology company’s stock after selling 3,112 shares during the quarter. AlphaQuest LLC owned approximately 0.06% of HealthStream worth $596,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Quarry LP purchased a new stake in HealthStream during the third quarter worth $27,000. Vestcor Inc boosted its position in HealthStream by 35.1% during the third quarter. Vestcor Inc now owns 7,494 shares of the technology company’s stock worth $216,000 after purchasing an additional 1,946 shares in the last quarter. Centiva Capital LP purchased a new stake in HealthStream during the third quarter worth $260,000. Y Intercept Hong Kong Ltd purchased a new stake in HealthStream during the third quarter worth $260,000. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in HealthStream during the third quarter worth $269,000. 69.58% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

HealthStream Stock Down 1.9 %

NASDAQ HSTM opened at $30.98 on Wednesday. HealthStream, Inc. has a fifty-two week low of $23.92 and a fifty-two week high of $34.24. The stock has a market cap of $942.85 million, a price-to-earnings ratio of 47.66, a price-to-earnings-growth ratio of 4.37 and a beta of 0.37. The business has a fifty day moving average of $32.66 and a 200-day moving average of $31.10.

HealthStream (NASDAQ:HSTM) last released its earnings results on Monday, February 24th. The technology company reported $0.16 EPS for the quarter, beating the consensus estimate of $0.13 by $0.03. The firm had revenue of $74.24 million during 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 period in the prior year, the firm posted $0.14 earnings per share. As a group, analysts anticipate that HealthStream, Inc. will post 0.63 EPS for the current year.

HealthStream Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Monday, March 10th will be paid a $0.031 dividend. This is a positive change from HealthStream’s previous quarterly dividend of $0.03. This represents a $0.12 annualized dividend and a yield of 0.40%. The ex-dividend date is Monday, March 10th. 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.