Arrowstreet Capital Limited Partnership Grows Holdings in HealthStream, Inc. (NASDAQ:HSTM)

Arrowstreet Capital Limited Partnership increased its stake in HealthStream, Inc. (NASDAQ:HSTM) by 47.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 221,609 shares of the technology company’s stock after buying an additional 71,379 shares during the period. Arrowstreet Capital Limited Partnership owned about 0.73% of HealthStream worth $7,047,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in HSTM. Barclays PLC increased its position in shares of HealthStream by 145.0% in the 3rd quarter. Barclays PLC now owns 58,838 shares of the technology company’s stock worth $1,697,000 after purchasing an additional 34,821 shares during the last quarter. Robeco Institutional Asset Management B.V. grew its stake in HealthStream by 26.9% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 76,260 shares of the technology company’s stock worth $2,425,000 after purchasing an additional 16,166 shares in the last quarter. State Street Corp increased its holdings in HealthStream by 1.2% in the third quarter. State Street Corp now owns 974,235 shares of the technology company’s stock valued at $28,097,000 after buying an additional 11,976 shares during the last quarter. JPMorgan Chase & Co. raised its stake in HealthStream by 18.7% during the third quarter. JPMorgan Chase & Co. now owns 57,204 shares of the technology company’s stock valued at $1,650,000 after buying an additional 9,017 shares in the last quarter. Finally, FMR LLC lifted its holdings in HealthStream by 24.0% during the 3rd quarter. FMR LLC now owns 119,067 shares of the technology company’s stock worth $3,434,000 after buying an additional 23,055 shares during the last quarter. Institutional investors own 69.58% of the company’s stock.

HealthStream Price Performance

NASDAQ:HSTM opened at $31.26 on Monday. HealthStream, Inc. has a 12-month low of $23.92 and a 12-month high of $34.24. The business has a 50 day simple moving average of $32.60 and a 200 day simple moving average of $31.50. The firm has a market capitalization of $951.37 million, a P/E ratio of 48.09, a P/E/G ratio of 4.37 and a beta of 0.42.

HealthStream (NASDAQ:HSTM) last released its quarterly earnings results on Monday, February 24th. The technology company reported $0.16 EPS for the quarter, topping the consensus estimate of $0.13 by $0.03. The business had revenue of $74.24 million during 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 in the prior year, the firm earned $0.14 earnings per share. Research analysts anticipate that HealthStream, Inc. will post 0.63 EPS for the current fiscal year.

HealthStream Increases Dividend

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

Analyst Ratings Changes

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