Cerity Partners LLC Purchases 292,548 Shares of HealthStream, Inc. (NASDAQ:HSTM)

Cerity Partners LLC boosted its position in shares of HealthStream, Inc. (NASDAQ:HSTM) by 3,889.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 300,070 shares of the technology company’s stock after buying an additional 292,548 shares during the period. Cerity Partners LLC owned approximately 0.99% of HealthStream worth $9,534,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. Quarry LP bought a new position in shares of HealthStream during the 3rd quarter valued at approximately $27,000. New Age Alpha Advisors LLC purchased a new stake in HealthStream during the fourth quarter valued at $80,000. Meeder Asset Management Inc. bought a new position in HealthStream during the fourth quarter valued at $114,000. Lee Danner & Bass Inc. purchased a new position in shares of HealthStream in the 4th quarter worth $183,000. Finally, Vestcor Inc increased its holdings in shares of HealthStream by 35.1% in the 3rd quarter. Vestcor Inc now owns 7,494 shares of the technology company’s stock worth $216,000 after buying an additional 1,946 shares during the last quarter. Hedge funds and other institutional investors own 69.58% of the company’s stock.

HealthStream Stock Performance

Shares of NASDAQ HSTM opened at $31.34 on Friday. HealthStream, Inc. has a fifty-two week low of $23.92 and a fifty-two week high of $34.24. The company has a market cap of $953.80 million, a price-to-earnings ratio of 48.22, a PEG ratio of 4.37 and a beta of 0.42. The business’s 50 day moving average price is $32.43 and its 200-day moving average price is $31.56.

HealthStream (NASDAQ:HSTM) last released its earnings results on Monday, February 24th. The technology company reported $0.16 earnings per share for the quarter, topping analysts’ consensus estimates of $0.13 by $0.03. The business had revenue of $74.24 million for 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 firm posted $0.14 earnings per share. Sell-side analysts predict that HealthStream, Inc. will post 0.63 earnings per share for the current year.

HealthStream Increases Dividend

The business also recently disclosed 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 positive change from HealthStream’s previous quarterly dividend of $0.03. The ex-dividend date of this dividend was Monday, March 10th. This represents a $0.12 dividend on an annualized basis and a yield of 0.40%. HealthStream’s dividend payout ratio (DPR) is presently 18.18%.

Analyst Ratings Changes

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

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.