Woodmont Investment Counsel LLC Makes New $275,000 Investment in HealthStream, Inc. (NASDAQ:HSTM)

Woodmont Investment Counsel LLC acquired a new stake in HealthStream, Inc. (NASDAQ:HSTM) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 8,650 shares of the technology company’s stock, valued at approximately $275,000.

Other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. raised its stake in HealthStream by 3.1% in the 4th quarter. Vanguard Group Inc. now owns 3,055,060 shares of the technology company’s stock valued at $97,151,000 after acquiring an additional 92,067 shares during the period. Bridge City Capital LLC increased its holdings in shares of HealthStream by 0.9% in the fourth quarter. Bridge City Capital LLC now owns 59,254 shares of the technology company’s stock valued at $1,884,000 after purchasing an additional 535 shares during the last quarter. KLP Kapitalforvaltning AS bought a new position in shares of HealthStream in the fourth quarter valued at about $1,056,000. Sei Investments Co. lifted its stake in shares of HealthStream by 17.6% during the 4th quarter. Sei Investments Co. now owns 234,210 shares of the technology company’s stock worth $7,448,000 after buying an additional 35,075 shares during the last quarter. Finally, American Century Companies Inc. boosted its holdings in shares of HealthStream by 11.0% during the 4th quarter. American Century Companies Inc. now owns 47,832 shares of the technology company’s stock worth $1,521,000 after buying an additional 4,740 shares during the period. 69.58% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have weighed in on HSTM. JMP Securities reissued a “market perform” rating on shares of HealthStream in a report on Thursday, February 6th. Canaccord Genuity Group lifted their price target on HealthStream from $29.00 to $30.00 and gave the stock a “hold” rating in a report on Wednesday, February 26th. Finally, William Blair reaffirmed an “outperform” rating on shares of HealthStream in a report on Tuesday, February 25th. Two equities research 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 presently has a consensus rating of “Moderate Buy” and an average target price of $32.00.

HealthStream Stock Up 1.5 %

Shares of NASDAQ:HSTM opened at $32.03 on Tuesday. HealthStream, Inc. has a 12-month low of $23.92 and a 12-month high of $34.24. The company’s 50 day moving average price is $32.58 and its two-hundred day moving average price is $31.28. The firm has a market cap of $974.80 million, a PE ratio of 49.28, a PEG ratio of 4.37 and a beta of 0.37.

HealthStream (NASDAQ:HSTM) last issued its quarterly earnings results on Monday, February 24th. The technology company reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.03. HealthStream had a return on equity of 5.67% and a net margin of 6.84%. The business had revenue of $74.24 million during the quarter, compared to analysts’ expectations of $73.55 million. During the same period in the previous year, the company posted $0.14 earnings per share. On average, research analysts expect 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. Investors 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 dividend payout ratio (DPR) is presently 18.18%.

HealthStream Company 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.