Connors Investor Services Inc. Cuts Stake in HealthStream, Inc. (NASDAQ:HSTM)

Connors Investor Services Inc. lessened its position in shares of HealthStream, Inc. (NASDAQ:HSTM) by 2.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 105,062 shares of the technology company’s stock after selling 2,427 shares during the period. Connors Investor Services Inc.’s holdings in HealthStream were worth $3,341,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of HSTM. Copeland Capital Management LLC increased its position in HealthStream by 17,363.4% during the 4th quarter. Copeland Capital Management LLC now owns 379,306 shares of the technology company’s stock worth $12,062,000 after purchasing an additional 377,134 shares in the last quarter. Cerity Partners LLC grew its stake in HealthStream by 3,889.2% during the fourth quarter. Cerity Partners LLC now owns 300,070 shares of the technology company’s stock worth $9,534,000 after buying an additional 292,548 shares during the period. Norges Bank acquired a new stake in shares of HealthStream in the fourth quarter worth $3,649,000. Vanguard Group Inc. lifted its holdings in shares of HealthStream by 3.1% during the 4th quarter. Vanguard Group Inc. now owns 3,055,060 shares of the technology company’s stock valued at $97,151,000 after acquiring an additional 92,067 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its stake in shares of HealthStream by 47.5% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 221,609 shares of the technology company’s stock valued at $7,047,000 after buying an additional 71,379 shares in the last quarter. 69.58% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have recently weighed in on HSTM shares. JMP Securities restated a “market perform” rating on shares of HealthStream in a research note on Thursday, February 6th. William Blair reissued an “outperform” rating on shares of HealthStream in a report on Tuesday, February 25th. Finally, Canaccord Genuity Group raised their price target on shares of HealthStream from $29.00 to $30.00 and gave the stock a “hold” rating in a research report on Wednesday, February 26th. Two equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $32.00.

HealthStream Price Performance

NASDAQ HSTM opened at $33.95 on Wednesday. The company has a market capitalization of $1.04 billion, a P/E ratio of 52.23, a PEG ratio of 4.37 and a beta of 0.42. HealthStream, Inc. has a 12 month low of $25.52 and a 12 month high of $34.24. The company’s 50 day simple moving average is $32.19 and its 200 day simple moving average is $31.91.

HealthStream (NASDAQ:HSTM) last released its quarterly earnings results on Monday, February 24th. The technology company reported $0.16 earnings per share for the quarter, beating analysts’ consensus estimates of $0.13 by $0.03. The business 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 quarter last year, the company posted $0.14 EPS. On average, analysts anticipate that HealthStream, Inc. will post 0.63 earnings per share for the current year.

HealthStream Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Monday, March 10th were issued a $0.031 dividend. This is an increase from HealthStream’s previous quarterly dividend of $0.03. The ex-dividend date was Monday, March 10th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.37%. HealthStream’s dividend payout ratio is currently 18.18%.

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.