HealthStream, Inc. (NASDAQ:HSTM) Stake Boosted by Prudential Financial Inc.

Prudential Financial Inc. increased its position in shares of HealthStream, Inc. (NASDAQ:HSTM) by 35.9% in the 4th quarter, Holdings Channel.com reports. The fund owned 34,093 shares of the technology company’s stock after buying an additional 9,000 shares during the quarter. Prudential Financial Inc.’s holdings in HealthStream were worth $1,084,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of HSTM. Quarry LP acquired a new stake in shares of HealthStream during the 3rd quarter valued at about $27,000. Lee Danner & Bass Inc. bought a new position in HealthStream during the fourth quarter valued at approximately $183,000. Vestcor Inc lifted its stake in HealthStream by 35.1% in the third quarter. Vestcor Inc now owns 7,494 shares of the technology company’s stock valued at $216,000 after acquiring an additional 1,946 shares during the last quarter. Centiva Capital LP bought a new stake in HealthStream in the third quarter worth approximately $260,000. Finally, Y Intercept Hong Kong Ltd acquired a new position in shares of HealthStream during the 3rd quarter worth $260,000. Institutional investors and hedge funds own 69.58% of the company’s stock.

Wall Street Analyst Weigh In

HSTM has been the subject of several analyst reports. William Blair reaffirmed an “outperform” rating on shares of HealthStream in a research note on Tuesday, February 25th. Canaccord Genuity Group boosted their price target on HealthStream from $29.00 to $30.00 and gave the stock a “hold” rating in a research report on Wednesday, February 26th. Finally, JMP Securities reiterated a “market perform” rating on shares of HealthStream in a research note on Thursday, February 6th. Two equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, HealthStream has a consensus rating of “Moderate Buy” and a consensus price target of $32.00.

HealthStream Trading Down 2.0 %

NASDAQ:HSTM opened at $31.26 on Monday. The firm has a market capitalization of $951.37 million, a PE ratio of 48.09, a PEG ratio of 4.37 and a beta of 0.42. HealthStream, Inc. has a 1 year low of $23.92 and a 1 year high of $34.24. The firm’s fifty day simple moving average is $32.60 and its 200 day simple moving average is $31.50.

HealthStream (NASDAQ:HSTM) last issued 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. The company had revenue of $74.24 million during the quarter, compared to analyst estimates of $73.55 million. HealthStream had a return on equity of 5.67% and a net margin of 6.84%. During the same period in the previous year, the company earned $0.14 earnings per share. As a group, analysts anticipate that HealthStream, Inc. will post 0.63 EPS for the current fiscal year.

HealthStream Increases Dividend

The business also recently disclosed 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 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 annualized dividend and a dividend yield of 0.40%. HealthStream’s payout ratio is presently 18.18%.

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.