Envestnet Asset Management Inc. Acquires New Position in HealthStream, Inc. (NASDAQ:HSTM)

Envestnet Asset Management Inc. acquired a new stake in HealthStream, Inc. (NASDAQ:HSTM - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 43,813 shares of the technology company's stock, valued at approximately $1,393,000. Envestnet Asset Management Inc. owned about 0.14% of HealthStream at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. New Age Alpha Advisors LLC acquired a new stake in shares of HealthStream during the 4th quarter worth approximately $80,000. Meeder Asset Management Inc. acquired a new position in shares of HealthStream during the 4th quarter worth about $114,000. Lee Danner & Bass Inc. acquired a new stake in HealthStream during the 4th quarter worth $183,000. Woodmont Investment Counsel LLC bought a new position in HealthStream in the fourth quarter valued at approximately $275,000. Finally, Diversified Trust Co grew its holdings in shares of HealthStream by 20.5% during the fourth quarter. Diversified Trust Co now owns 8,733 shares of the technology company's stock worth $278,000 after buying an additional 1,486 shares in the last quarter. Institutional investors and hedge funds own 69.58% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Canaccord Genuity Group raised their target price 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. JMP Securities restated a "market perform" rating on shares of HealthStream in a research report on Thursday, February 6th. Finally, William Blair reaffirmed an "outperform" rating on shares of HealthStream in a research note on Tuesday, February 25th. Two research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, HealthStream has an average rating of "Moderate Buy" and a consensus price target of $32.00.

HealthStream Trading Up 2.4 %

Shares of HSTM stock opened at $33.95 on Wednesday. The firm has a market capitalization of $1.04 billion, a PE ratio of 52.23, a price-to-earnings-growth ratio of 4.37 and a beta of 0.42. HealthStream, Inc. has a 12 month low of $25.52 and a 12 month high of $34.24. The firm has a fifty day simple moving average of $32.19 and a two-hundred day simple moving average of $31.91.

HealthStream (NASDAQ:HSTM - Get Free Report) last posted its quarterly earnings data on Monday, February 24th. The technology company reported $0.16 earnings per share for the quarter, topping 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 for the quarter, compared to analysts' expectations of $73.55 million. During the same quarter in the previous year, the firm earned $0.14 earnings per share. On average, equities analysts predict that HealthStream, Inc. will post 0.63 earnings per share for the current fiscal year.

HealthStream Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Monday, March 10th were issued a $0.031 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.37%. This is an increase from HealthStream's previous quarterly dividend of $0.03. The ex-dividend date was Monday, March 10th. HealthStream's dividend payout ratio 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.