HealthStream, Inc. (NASDAQ:HSTM) Shares Sold by Renaissance Technologies LLC

Renaissance Technologies LLC lowered its position in shares of HealthStream, Inc. (NASDAQ:HSTM) by 13.7% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 549,300 shares of the technology company’s stock after selling 87,100 shares during the period. Renaissance Technologies LLC owned approximately 1.81% of HealthStream worth $17,468,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. New Age Alpha Advisors LLC purchased a new stake in HealthStream during the 4th quarter worth $80,000. Meeder Asset Management Inc. purchased a new stake in shares of HealthStream during the fourth quarter worth about $114,000. Lee Danner & Bass Inc. acquired a new position in shares of HealthStream in the fourth quarter worth about $183,000. Y Intercept Hong Kong Ltd acquired a new stake in HealthStream during the 3rd quarter valued at approximately $260,000. Finally, Woodmont Investment Counsel LLC purchased a new stake in HealthStream during the 4th quarter worth approximately $275,000. 69.58% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. JMP Securities reiterated a “market perform” rating on shares of HealthStream in a research note on Thursday, February 6th. Canaccord Genuity Group raised their price objective on shares of HealthStream from $29.00 to $30.00 and gave the stock a “hold” rating in a report on Wednesday, February 26th. Finally, William Blair restated an “outperform” rating on shares of HealthStream in a research note on Tuesday, February 25th. Two 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 company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $32.00.

HealthStream Price Performance

Shares of HSTM opened at $32.14 on Monday. The stock has a market capitalization of $978.15 million, a PE ratio of 49.45, a price-to-earnings-growth ratio of 4.37 and a beta of 0.42. The business’s fifty day moving average price is $32.41 and its 200 day moving average price is $31.61. HealthStream, Inc. has a 12-month low of $23.92 and a 12-month high of $34.24.

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

HealthStream Increases Dividend

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