Victory Capital Management Inc. Has $1.14 Million Position in HealthStream, Inc. (NASDAQ:HSTM)

Victory Capital Management Inc. boosted its stake in HealthStream, Inc. (NASDAQ:HSTM) by 4.7% in the third quarter, HoldingsChannel reports. The firm owned 39,593 shares of the technology company’s stock after buying an additional 1,793 shares during the period. Victory Capital Management Inc.’s holdings in HealthStream were worth $1,142,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Harbor Capital Advisors Inc. boosted its position 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 purchasing an additional 234,148 shares in the last quarter. Assenagon Asset Management S.A. boosted its holdings in HealthStream by 37.3% in the third quarter. Assenagon Asset Management S.A. now owns 201,601 shares of the technology company’s stock worth $5,814,000 after acquiring an additional 54,775 shares in the last quarter. First Eagle Investment Management LLC grew its stake in HealthStream by 7.1% in the second quarter. First Eagle Investment Management LLC now owns 530,178 shares of the technology company’s stock valued at $14,792,000 after acquiring an additional 35,350 shares during the period. Allspring Global Investments Holdings LLC increased its holdings in shares of HealthStream by 97.1% during the second quarter. Allspring Global Investments Holdings LLC now owns 67,296 shares of the technology company’s stock valued at $1,878,000 after acquiring an additional 33,161 shares in the last quarter. Finally, Vanguard Group Inc. increased its holdings in shares of HealthStream by 1.1% during the first quarter. Vanguard Group Inc. now owns 2,938,685 shares of the technology company’s stock valued at $78,345,000 after acquiring an additional 31,943 shares in the last quarter. 69.58% of the stock is owned by institutional investors.

Insider Transactions at HealthStream

In other news, Director Tate Deborah Taylor sold 1,400 shares of HealthStream stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $28.53, for a total transaction of $39,942.00. Following the sale, the director now directly owns 22,326 shares in the company, valued at $636,960.78. The trade was a 5.90 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 20.60% of the company’s stock.

HealthStream Trading Up 0.0 %

Shares of HealthStream stock opened at $32.54 on Wednesday. The stock has a fifty day simple moving average of $29.77 and a 200 day simple moving average of $28.74. HealthStream, Inc. has a 12-month low of $23.92 and a 12-month high of $33.09. The company has a market capitalization of $989.70 million, a P/E ratio of 49.57, a price-to-earnings-growth ratio of 4.28 and a beta of 0.35.

HealthStream (NASDAQ:HSTM) last posted its earnings results on Monday, October 21st. The technology company reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.06. HealthStream had a net margin of 6.84% and a return on equity of 5.67%. The firm had revenue of $73.10 million during the quarter, compared to analyst estimates of $73.53 million. During the same quarter in the prior year, the business posted $0.13 EPS. The business’s revenue was up 4.0% compared to the same quarter last year. On average, analysts predict that HealthStream, Inc. will post 0.63 EPS for the current 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 paid a $0.028 dividend. The ex-dividend date was Monday, November 4th. This represents a $0.11 dividend on an annualized basis and a dividend yield of 0.34%. HealthStream’s payout ratio is presently 16.92%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on HSTM shares. Craig Hallum raised shares of HealthStream to a “strong-buy” rating in a research report on Thursday, October 17th. Canaccord Genuity Group raised their price objective on shares of HealthStream from $28.00 to $29.00 and gave the company a “hold” rating in a research note on Wednesday, October 23rd. Finally, Barclays boosted their target price on shares of HealthStream from $32.00 to $34.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 23rd. Two analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, HealthStream 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.