Bank of New York Mellon Corp Boosts Stock Holdings in HealthStream, Inc. (NASDAQ:HSTM)

Bank of New York Mellon Corp boosted its position in shares of HealthStream, Inc. (NASDAQ:HSTM) by 1.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 219,575 shares of the technology company’s stock after buying an additional 2,410 shares during the period. Bank of New York Mellon Corp’s holdings in HealthStream were worth $6,982,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of HSTM. Victory Capital Management Inc. increased its stake in HealthStream by 4.7% during the 3rd quarter. Victory Capital Management Inc. now owns 39,593 shares of the technology company’s stock worth $1,142,000 after buying an additional 1,793 shares in the last quarter. Quest Partners LLC grew its position in shares of HealthStream by 30.6% in the third quarter. Quest Partners LLC now owns 21,842 shares of the technology company’s stock valued at $630,000 after purchasing an additional 5,114 shares in the last quarter. Segall Bryant & Hamill LLC grew its position in shares of HealthStream by 1.6% in the third quarter. Segall Bryant & Hamill LLC now owns 125,164 shares of the technology company’s stock valued at $3,610,000 after purchasing an additional 2,020 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its position in shares of HealthStream by 81.0% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 38,615 shares of the technology company’s stock valued at $1,114,000 after purchasing an additional 17,286 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in shares of HealthStream by 3.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 218,447 shares of the technology company’s stock valued at $6,300,000 after purchasing an additional 6,832 shares in the last quarter. 69.58% of the stock is currently owned by hedge funds and other institutional investors.

HealthStream Stock Performance

HSTM opened at $31.06 on Friday. HealthStream, Inc. has a one year low of $23.92 and a one year high of $34.24. The stock has a market capitalization of $945.28 million, a PE ratio of 47.79, a P/E/G ratio of 4.37 and a beta of 0.37. The business’s 50 day moving average price is $32.62 and its 200 day moving average price is $31.15.

HealthStream (NASDAQ:HSTM) last released its quarterly earnings results on Monday, February 24th. The technology company reported $0.16 EPS for the quarter, topping 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 for the quarter, compared to analysts’ expectations of $73.55 million. During the same period in the prior year, the firm earned $0.14 earnings per share. As a group, equities research analysts forecast that HealthStream, Inc. will post 0.63 earnings per share for the current fiscal year.

HealthStream Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Monday, March 10th will be paid a dividend of $0.031 per share. This represents a $0.12 dividend on an annualized basis and a yield of 0.40%. This is a boost from HealthStream’s previous quarterly dividend of $0.03. The ex-dividend date of this dividend is Monday, March 10th. HealthStream’s dividend payout ratio is 18.18%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on HSTM shares. JMP Securities restated a “market perform” rating on shares of HealthStream in a research report on Thursday, February 6th. William Blair restated an “outperform” rating on shares of HealthStream in a research report on Tuesday, February 25th. Finally, Canaccord Genuity Group upped 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 analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, HealthStream has an average rating of “Moderate Buy” and an average target price of $32.00.

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.