KLP Kapitalforvaltning AS Acquires New Position in HealthStream, Inc. (NASDAQ:HSTM)

KLP Kapitalforvaltning AS bought a new position in shares of HealthStream, Inc. (NASDAQ:HSTM) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 33,200 shares of the technology company’s stock, valued at approximately $1,056,000. KLP Kapitalforvaltning AS owned 0.11% of HealthStream at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Copeland Capital Management LLC increased its stake in shares of HealthStream by 17,363.4% in the fourth quarter. Copeland Capital Management LLC now owns 379,306 shares of the technology company’s stock worth $12,062,000 after purchasing an additional 377,134 shares in the last quarter. Polar Asset Management Partners Inc. purchased a new stake in HealthStream in the 3rd quarter worth $1,635,000. Teacher Retirement System of Texas raised its holdings in HealthStream by 128.1% during the fourth quarter. Teacher Retirement System of Texas now owns 79,364 shares of the technology company’s stock valued at $2,524,000 after acquiring an additional 44,571 shares during the period. Annex Advisory Services LLC purchased a new position in shares of HealthStream in the fourth quarter valued at about $1,149,000. Finally, Sei Investments Co. boosted its stake in shares of HealthStream by 17.6% in the fourth quarter. Sei Investments Co. now owns 234,210 shares of the technology company’s stock worth $7,448,000 after acquiring an additional 35,075 shares during the period. Hedge funds and other institutional investors own 69.58% of the company’s stock.

HealthStream Price Performance

NASDAQ:HSTM opened at $32.03 on Monday. The company has a market cap of $974.80 million, a price-to-earnings ratio of 49.28, a PEG ratio of 4.37 and a beta of 0.37. HealthStream, Inc. has a 1 year low of $23.92 and a 1 year high of $34.24. The stock’s 50 day simple moving average is $32.60 and its two-hundred day simple moving average is $31.39.

HealthStream (NASDAQ:HSTM) last announced its quarterly earnings results on Monday, February 24th. The technology company reported $0.16 earnings per share for the quarter, topping the consensus estimate 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 analysts’ expectations of $73.55 million. During the same quarter in the previous year, the business posted $0.14 earnings per share. As a group, analysts anticipate that HealthStream, Inc. will post 0.63 EPS for the current year.

HealthStream Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Monday, March 10th were issued a $0.031 dividend. This is an increase from HealthStream’s previous quarterly dividend of $0.03. The ex-dividend date was Monday, March 10th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.39%. HealthStream’s dividend payout ratio (DPR) is presently 18.18%.

Analyst Upgrades and Downgrades

A number of research firms recently commented on HSTM. William Blair reissued an “outperform” rating on shares of HealthStream in a report on Tuesday, February 25th. JMP Securities reissued a “market perform” rating on shares of HealthStream in a report on Thursday, February 6th. Finally, Canaccord Genuity Group raised their target price on shares of HealthStream from $29.00 to $30.00 and gave the company a “hold” rating in a research note 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 stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $32.00.

HealthStream Company 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.