9,329 Shares in HealthStream, Inc. (NASDAQ:HSTM) Purchased by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd purchased a new stake in HealthStream, Inc. (NASDAQ:HSTM) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 9,329 shares of the technology company’s stock, valued at approximately $269,000.

Other hedge funds have also bought and sold shares of the company. Vanguard Group Inc. lifted its stake in shares of HealthStream by 1.1% in the 1st quarter. Vanguard Group Inc. now owns 2,938,685 shares of the technology company’s stock valued at $78,345,000 after purchasing an additional 31,943 shares during the period. Dimensional Fund Advisors LP increased its holdings in HealthStream by 1.0% in the second quarter. Dimensional Fund Advisors LP now owns 1,570,735 shares of the technology company’s stock valued at $43,824,000 after buying an additional 15,379 shares in the last quarter. First Eagle Investment Management LLC raised its position in shares of HealthStream by 7.1% in the second 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 during the period. Harbor Capital Advisors Inc. boosted its stake 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 in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in shares of HealthStream by 3.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 218,447 shares of the technology company’s stock valued at $6,300,000 after acquiring an additional 6,832 shares during the period. Hedge funds and other institutional investors own 69.58% of the company’s stock.

HealthStream Trading Up 0.2 %

HSTM stock opened at $33.10 on Monday. HealthStream, Inc. has a 12-month low of $23.92 and a 12-month high of $33.52. The business’s 50-day moving average is $30.08 and its 200 day moving average is $28.90. The stock has a market cap of $1.01 billion, a price-to-earnings ratio of 50.92, a PEG ratio of 4.40 and a beta of 0.35.

HealthStream (NASDAQ:HSTM) last issued its quarterly earnings results on Monday, October 21st. The technology company reported $0.19 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $73.10 million for the quarter, compared to analyst estimates of $73.53 million. During the same period in the previous year, the company posted $0.13 earnings per share. The business’s revenue was up 4.0% on a year-over-year basis. As a group, equities analysts forecast that HealthStream, Inc. will post 0.63 EPS for the current fiscal year.

HealthStream Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Monday, November 4th were issued a dividend of $0.028 per share. This represents a $0.11 dividend on an annualized basis and a dividend yield of 0.34%. The ex-dividend date was Monday, November 4th. HealthStream’s payout ratio is 16.92%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the company. Barclays upped their price target on HealthStream from $32.00 to $34.00 and gave the stock an “overweight” rating in a report on Wednesday, October 23rd. Craig Hallum raised HealthStream to a “strong-buy” rating in a research note on Thursday, October 17th. Finally, Canaccord Genuity Group increased their target price on HealthStream from $28.00 to $29.00 and gave the company a “hold” rating in a research report on Wednesday, October 23rd. Two research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $31.50.

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.