33,464 Shares in HealthStream, Inc. (NASDAQ:HSTM) Purchased by Intech Investment Management LLC

Intech Investment Management LLC acquired a new position in shares of HealthStream, Inc. (NASDAQ:HSTM) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 33,464 shares of the technology company’s stock, valued at approximately $1,064,000. Intech Investment Management LLC owned approximately 0.11% of HealthStream as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of the company. Rhumbline Advisers grew its holdings in shares of HealthStream by 0.6% during the fourth quarter. Rhumbline Advisers now owns 74,468 shares of the technology company’s stock worth $2,368,000 after buying an additional 412 shares in the last quarter. Sanctuary Advisors LLC grew its holdings in shares of HealthStream by 4.8% during the fourth quarter. Sanctuary Advisors LLC now owns 15,445 shares of the technology company’s stock worth $507,000 after buying an additional 708 shares in the last quarter. Quarry LP bought a new position in shares of HealthStream during the third quarter worth about $27,000. Diversified Trust Co grew its holdings in shares of HealthStream by 20.5% during the fourth quarter. Diversified Trust Co now owns 8,733 shares of the technology company’s stock worth $278,000 after buying an additional 1,486 shares in the last quarter. Finally, Martingale Asset Management L P boosted its position in HealthStream by 2.7% during the third quarter. Martingale Asset Management L P now owns 57,680 shares of the technology company’s stock valued at $1,663,000 after purchasing an additional 1,532 shares during the last quarter. 69.58% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

HealthStream Stock Down 0.6 %

HSTM opened at $31.55 on Friday. HealthStream, Inc. has a 12-month low of $23.92 and a 12-month high of $34.24. The stock has a market cap of $960.19 million, a price-to-earnings ratio of 48.54, a PEG ratio of 4.37 and a beta of 0.37. The business has a 50 day moving average of $32.56 and a 200-day moving average of $31.24.

HealthStream (NASDAQ:HSTM) last released its quarterly earnings data on Monday, February 24th. The technology company reported $0.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.13 by $0.03. HealthStream had a return on equity of 5.67% and a net margin of 6.84%. The company had revenue of $74.24 million during the quarter, compared to analysts’ expectations of $73.55 million. During the same period last year, the firm posted $0.14 earnings per share. As a group, analysts expect that HealthStream, Inc. will post 0.63 earnings per share for the current year.

HealthStream Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Monday, March 10th were issued a dividend of $0.031 per share. This is a boost from HealthStream’s previous quarterly dividend of $0.03. This represents a $0.12 annualized dividend and a yield of 0.39%. The ex-dividend date of this dividend was Monday, March 10th. HealthStream’s dividend payout ratio (DPR) 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.