HealthStream, Inc. (NASDAQ:HSTM) Holdings Raised by Cerity Partners LLC

Cerity Partners LLC grew its holdings in shares of HealthStream, Inc. (NASDAQ:HSTM - Free Report) by 3,889.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 300,070 shares of the technology company's stock after buying an additional 292,548 shares during the quarter. Cerity Partners LLC owned 0.99% of HealthStream worth $9,534,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Quarry LP bought a new stake in HealthStream in the third quarter valued at about $27,000. New Age Alpha Advisors LLC acquired a new stake in shares of HealthStream during the 4th quarter valued at approximately $80,000. Meeder Asset Management Inc. acquired a new stake in shares of HealthStream during the 4th quarter valued at approximately $114,000. Lee Danner & Bass Inc. bought a new position in HealthStream during the fourth quarter worth $183,000. Finally, Vestcor Inc boosted its holdings in HealthStream by 35.1% in the third quarter. Vestcor Inc now owns 7,494 shares of the technology company's stock worth $216,000 after purchasing an additional 1,946 shares during the period. Institutional investors and hedge funds own 69.58% of the company's stock.

HealthStream Stock Performance

Shares of HSTM traded up $0.09 during midday trading on Wednesday, hitting $32.79. 20,979 shares of the stock traded hands, compared to its average volume of 133,200. The business's 50 day moving average price is $32.38 and its two-hundred day moving average price is $31.65. The firm has a market capitalization of $1.00 billion, a PE ratio of 50.45, a price-to-earnings-growth 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.

HealthStream (NASDAQ:HSTM - Get Free Report) last issued its quarterly earnings data on Monday, February 24th. The technology company reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.03. HealthStream had a net margin of 6.84% and a return on equity of 5.67%. The firm had revenue of $74.24 million for the quarter, compared to the consensus estimate of $73.55 million. During the same period last year, the firm posted $0.14 EPS. As a group, equities research analysts forecast that HealthStream, Inc. will post 0.63 EPS for the current fiscal year.

HealthStream Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Monday, March 10th were given a dividend of $0.031 per share. The ex-dividend date of this dividend was Monday, March 10th. This is an increase from HealthStream's previous quarterly dividend of $0.03. This represents a $0.12 annualized dividend and a dividend yield of 0.38%. HealthStream's payout ratio is currently 18.18%.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. William Blair reissued an "outperform" rating on shares of HealthStream in a report on Tuesday, February 25th. Canaccord Genuity Group increased their price objective on shares of HealthStream from $29.00 to $30.00 and gave the stock a "hold" rating in a research note on Wednesday, February 26th. Finally, JMP Securities restated a "market perform" rating on shares of HealthStream in a research note on Thursday, February 6th. Two 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, the company currently has an average rating of "Moderate Buy" and a consensus price target of $32.00.

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.