Charles Schwab Investment Management Inc. Acquires 4,815 Shares of HealthStream, Inc. (NASDAQ:HSTM)

Charles Schwab Investment Management Inc. increased its position in shares of HealthStream, Inc. (NASDAQ:HSTM) by 2.2% during the 4th quarter, Holdings Channel reports. The firm owned 223,262 shares of the technology company’s stock after purchasing an additional 4,815 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in HealthStream were worth $7,100,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. State Street Corp boosted its holdings in HealthStream by 1.2% during the third quarter. State Street Corp now owns 974,235 shares of the technology company’s stock worth $28,097,000 after purchasing an additional 11,976 shares during the last quarter. Geode Capital Management LLC boosted its stake in HealthStream by 2.9% in the third quarter. Geode Capital Management LLC now owns 674,764 shares of the technology company’s stock valued at $19,463,000 after acquiring an additional 18,779 shares during the last quarter. Harbor Capital Advisors Inc. boosted its stake in HealthStream by 3.7% in the fourth quarter. Harbor Capital Advisors Inc. now owns 414,787 shares of the technology company’s stock valued at $13,190,000 after acquiring an additional 14,754 shares during the last quarter. Copeland Capital Management LLC boosted its stake in HealthStream by 17,363.4% in the fourth quarter. Copeland Capital Management LLC now owns 379,306 shares of the technology company’s stock valued at $12,062,000 after acquiring an additional 377,134 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in shares of HealthStream by 1.1% during the 4th quarter. Bank of New York Mellon Corp now owns 219,575 shares of the technology company’s stock valued at $6,982,000 after buying an additional 2,410 shares in the last quarter. 69.58% of the stock is currently owned by hedge funds and other institutional investors.

HealthStream Stock Performance

HSTM stock opened at $31.55 on Monday. HealthStream, Inc. has a 52 week low of $23.92 and a 52 week high of $34.24. The firm’s fifty day moving average is $32.56 and its 200 day moving average is $31.26. The firm has a market cap of $960.19 million, a P/E ratio of 48.54, a P/E/G ratio of 4.37 and a beta of 0.37.

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

HealthStream Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Monday, March 10th were given a $0.031 dividend. This represents a $0.12 annualized dividend and a dividend yield of 0.39%. This is a boost from HealthStream’s previous quarterly dividend of $0.03. The ex-dividend date was Monday, March 10th. HealthStream’s dividend payout ratio (DPR) is currently 18.18%.

Wall Street Analyst Weigh In

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

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.