HealthStream, Inc. (NASDAQ:HSTM) Stake Boosted by Bridge City Capital LLC

Bridge City Capital LLC boosted its stake in shares of HealthStream, Inc. (NASDAQ:HSTM) by 0.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 59,254 shares of the technology company’s stock after buying an additional 535 shares during the period. Bridge City Capital LLC owned about 0.19% of HealthStream worth $1,884,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Barclays PLC raised its holdings in shares of HealthStream by 145.0% during the third quarter. Barclays PLC now owns 58,838 shares of the technology company’s stock valued at $1,697,000 after acquiring an additional 34,821 shares during the period. Robeco Institutional Asset Management B.V. raised its stake in HealthStream by 26.9% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 76,260 shares of the technology company’s stock valued at $2,425,000 after purchasing an additional 16,166 shares during the period. State Street Corp boosted its position in shares of HealthStream by 1.2% in the third quarter. State Street Corp now owns 974,235 shares of the technology company’s stock worth $28,097,000 after buying an additional 11,976 shares during the period. JPMorgan Chase & Co. grew its holdings in shares of 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 grew its holdings in shares of HealthStream by 24.0% during the third quarter. FMR LLC now owns 119,067 shares of the technology company’s stock valued at $3,434,000 after buying an additional 23,055 shares in the last quarter. 69.58% of the stock is owned by hedge funds and other institutional investors.

HealthStream Stock Performance

Shares of NASDAQ HSTM opened at $31.55 on Friday. The business has a 50 day simple moving average of $32.56 and a 200 day simple moving average of $31.24. HealthStream, Inc. has a 52 week low of $23.92 and a 52 week high of $34.24. The stock has a market cap of $960.19 million, a price-to-earnings ratio of 48.54, a PEG ratio of 4.37 and a beta of 0.37.

HealthStream (NASDAQ:HSTM) last announced 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 company had revenue of $74.24 million for 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 business posted $0.14 EPS. On average, analysts predict that HealthStream, Inc. will post 0.63 EPS for the current year.

HealthStream Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Monday, March 10th were given a $0.031 dividend. 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%. This is a boost from HealthStream’s previous quarterly dividend of $0.03. HealthStream’s payout ratio is currently 18.18%.

Analysts Set New Price Targets

HSTM has been the subject of a number of research reports. William Blair restated an “outperform” rating on shares of HealthStream in a research report on Tuesday, February 25th. JMP Securities restated a “market perform” rating on shares of HealthStream in a report on Thursday, February 6th. Finally, Canaccord Genuity Group upped their price objective 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 issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $32.00.

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.