Jane Street Group LLC Sells 1,863 Shares of HealthStream, Inc. (NASDAQ:HSTM)

Jane Street Group LLC lessened its holdings in shares of HealthStream, Inc. (NASDAQ:HSTM) by 5.8% in the third quarter, Holdings Channel.com reports. The fund owned 30,450 shares of the technology company’s stock after selling 1,863 shares during the period. Jane Street Group LLC’s holdings in HealthStream were worth $878,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Deerfield Management Company L.P. Series C purchased a new position in shares of HealthStream during the second quarter valued at about $626,000. State Street Corp boosted its position in HealthStream by 1.2% during the 3rd quarter. State Street Corp now owns 974,235 shares of the technology company’s stock valued at $28,097,000 after acquiring an additional 11,976 shares in the last quarter. Harbor Capital Advisors Inc. grew its holdings in shares of HealthStream by 141.2% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 400,033 shares of the technology company’s stock worth $11,537,000 after acquiring an additional 234,148 shares during the period. First Eagle Investment Management LLC raised its position in shares of HealthStream by 7.1% in the 2nd quarter. First Eagle Investment Management LLC now owns 530,178 shares of the technology company’s stock worth $14,792,000 after acquiring an additional 35,350 shares in the last quarter. Finally, FMR LLC lifted its stake in shares of HealthStream by 24.0% in the 3rd quarter. FMR LLC now owns 119,067 shares of the technology company’s stock valued at $3,434,000 after purchasing an additional 23,055 shares during the period. Hedge funds and other institutional investors own 69.58% of the company’s stock.

Analysts Set New Price Targets

HSTM has been the subject of several research reports. Canaccord Genuity Group increased their price target on shares of HealthStream from $28.00 to $29.00 and gave the stock a “hold” rating in a research note on Wednesday, October 23rd. Barclays raised their target price on shares of HealthStream from $32.00 to $34.00 and gave the company an “overweight” rating in a research note on Wednesday, October 23rd. Finally, Craig Hallum upgraded shares of HealthStream to a “strong-buy” rating in a report on Thursday, October 17th. One equities research analyst has rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $31.50.

HealthStream Price Performance

Shares of NASDAQ HSTM opened at $31.80 on Thursday. HealthStream, Inc. has a 1 year low of $23.92 and a 1 year high of $33.52. The firm has a fifty day moving average price of $31.60 and a 200-day moving average price of $29.64. The stock has a market cap of $967.36 million, a PE ratio of 48.92, a price-to-earnings-growth ratio of 4.30 and a beta of 0.38.

HealthStream (NASDAQ:HSTM) last issued its earnings results on Monday, October 21st. The technology company reported $0.19 earnings per share for the quarter, topping analysts’ consensus estimates of $0.13 by $0.06. HealthStream had a net margin of 6.84% and a return on equity of 5.67%. The firm had revenue of $73.10 million during the quarter, compared to analyst estimates of $73.53 million. During the same quarter in the prior year, the business earned $0.13 earnings per share. HealthStream’s revenue for the quarter was up 4.0% on a year-over-year basis. On average, research analysts expect that HealthStream, Inc. will post 0.63 EPS for the current year.

HealthStream Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Monday, November 4th were issued a dividend of $0.028 per share. The ex-dividend date was Monday, November 4th. This represents a $0.11 annualized dividend and a yield of 0.35%. HealthStream’s payout ratio is presently 16.92%.

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.