Principal Financial Group Inc. Sells 1,422 Shares of HealthStream, Inc. (NASDAQ:HSTM)

Principal Financial Group Inc. lessened its holdings in shares of HealthStream, Inc. (NASDAQ:HSTM) by 1.1% in the 3rd quarter, Holdings Channel.com reports. The firm owned 122,266 shares of the technology company’s stock after selling 1,422 shares during the quarter. Principal Financial Group Inc.’s holdings in HealthStream were worth $3,526,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Quarry LP bought a new position in HealthStream in the 3rd quarter worth approximately $27,000. Point72 DIFC Ltd bought a new position in HealthStream during the second quarter worth $38,000. GAMMA Investing LLC raised its stake in HealthStream by 36.0% during the 3rd quarter. GAMMA Investing LLC now owns 1,355 shares of the technology company’s stock valued at $39,000 after purchasing an additional 359 shares during the last quarter. Copeland Capital Management LLC bought a new stake in HealthStream in the 3rd quarter valued at $63,000. Finally, CWM LLC grew its position in HealthStream by 64.2% in the 3rd quarter. CWM LLC now owns 4,448 shares of the technology company’s stock worth $128,000 after purchasing an additional 1,739 shares during the last quarter. Institutional investors own 69.58% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on HSTM shares. Canaccord Genuity Group upped their price objective on shares of HealthStream from $28.00 to $29.00 and gave the company a “hold” rating in a research report on Wednesday, October 23rd. Barclays upped their price target on HealthStream from $32.00 to $34.00 and gave the company an “overweight” rating in a report on Wednesday, October 23rd. Finally, Craig Hallum raised 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 assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $31.50.

HealthStream Stock Performance

Shares of HealthStream stock opened at $31.71 on Friday. The firm has a market cap of $964.62 million, a P/E ratio of 48.79, a price-to-earnings-growth ratio of 4.30 and a beta of 0.38. The firm’s 50-day simple moving average is $31.67 and its 200-day simple moving average is $29.66. HealthStream, Inc. has a twelve month low of $23.92 and a twelve month high of $33.52.

HealthStream (NASDAQ:HSTM) last released its quarterly earnings data on Monday, October 21st. The technology company reported $0.19 earnings per share for the quarter, beating analysts’ consensus estimates of $0.13 by $0.06. HealthStream had a return on equity of 5.67% and a net margin of 6.84%. The company had revenue of $73.10 million for the quarter, compared to the consensus estimate of $73.53 million. During the same period in the previous year, the business earned $0.13 earnings per share. The company’s quarterly revenue was up 4.0% on a year-over-year basis. On average, equities analysts forecast that HealthStream, Inc. will post 0.63 earnings per share for the current fiscal year.

HealthStream Announces Dividend

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

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.