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

Envestnet Asset Management Inc. purchased a new position in HealthStream, Inc. (NASDAQ:HSTM - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 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 as of its most recent filing with the Securities and Exchange Commission.

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

HealthStream Trading Down 0.9 %

NASDAQ:HSTM traded down $0.32 during mid-day trading on Monday, hitting $33.76. The company's stock had a trading volume of 4,426 shares, compared to its average volume of 132,185. The company has a market capitalization of $1.03 billion, a price-to-earnings ratio of 51.93, a P/E/G ratio of 4.37 and a beta of 0.42. HealthStream, Inc. has a fifty-two week low of $26.58 and a fifty-two week high of $34.24. The stock has a fifty day moving average of $32.26 and a 200-day moving average of $32.03.

HealthStream (NASDAQ:HSTM - Get Free Report) last posted its earnings results on Monday, February 24th. The technology company reported $0.16 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.13 by $0.03. HealthStream had a net margin of 6.84% and a return on equity of 5.67%. The company had revenue of $74.24 million during the quarter, compared to analysts' expectations of $73.55 million. During the same quarter in the previous year, the company posted $0.14 earnings per share. On average, equities analysts anticipate that HealthStream, Inc. will post 0.63 earnings per share for the current fiscal year.

HealthStream Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Monday, March 10th were given a $0.031 dividend. This represents a $0.12 annualized dividend and a yield of 0.37%. The ex-dividend date of this dividend was Monday, March 10th. This is a boost from HealthStream's previous quarterly dividend of $0.03. HealthStream's dividend payout ratio (DPR) is presently 18.18%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on HSTM shares. JMP Securities reaffirmed a "market perform" rating on shares of HealthStream in a research report on Thursday, February 6th. Canaccord Genuity Group lifted 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. Finally, William Blair restated an "outperform" rating on shares of HealthStream in a report on Tuesday, February 25th. Two analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price 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.