HealthStream, Inc. (NASDAQ:HSTM) Shares Sold by Ameriprise Financial Inc.

Ameriprise Financial Inc. lowered its position in shares of HealthStream, Inc. (NASDAQ:HSTM - Free Report) by 17.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 185,747 shares of the technology company's stock after selling 40,216 shares during the quarter. Ameriprise Financial Inc. owned approximately 0.61% of HealthStream worth $5,907,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. New Age Alpha Advisors LLC acquired a new position in shares of HealthStream during the fourth quarter valued at approximately $80,000. Meeder Asset Management Inc. acquired a new position in shares of HealthStream during the fourth quarter valued at approximately $114,000. Bessemer Group Inc. grew its position in shares of HealthStream by 1,074.6% in the fourth quarter. Bessemer Group Inc. now owns 3,747 shares of the technology company's stock valued at $119,000 after purchasing an additional 3,428 shares in the last quarter. Lee Danner & Bass Inc. purchased a new stake in shares of HealthStream in the fourth quarter valued at approximately $183,000. Finally, Woodmont Investment Counsel LLC purchased a new stake in shares of HealthStream in the fourth quarter valued at approximately $275,000. Institutional investors and hedge funds own 69.58% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the company. JMP Securities restated a "market perform" rating on shares of HealthStream in a research report on Thursday, February 6th. Canaccord Genuity Group dropped their price target on HealthStream from $30.00 to $29.00 and set a "hold" rating for the company in a research report on Thursday, May 15th. Finally, William Blair restated an "outperform" rating on shares of HealthStream in a research report on Tuesday, February 25th. Two analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $31.50.

HealthStream Trading Down 0.6%

HealthStream stock traded down $0.17 during mid-day trading on Thursday, hitting $27.89. The company's stock had a trading volume of 153,808 shares, compared to its average volume of 145,848. The firm has a market capitalization of $851.34 million, a PE ratio of 42.91, a price-to-earnings-growth ratio of 4.37 and a beta of 0.50. HealthStream, Inc. has a 1 year low of $25.84 and a 1 year high of $34.24. The stock's fifty day moving average is $30.67 and its two-hundred day moving average is $31.78.

HealthStream (NASDAQ:HSTM - Get Free Report) last issued its quarterly earnings data on Monday, May 5th. The technology company reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.16 by ($0.02). The business had revenue of $73.49 million during the quarter, compared to analysts' expectations of $74.93 million. HealthStream had a return on equity of 5.67% and a net margin of 6.84%. During the same quarter in the previous year, the company posted $0.17 earnings per share. On average, equities analysts expect that HealthStream, Inc. will post 0.63 EPS for the current fiscal year.

HealthStream declared that its Board of Directors has authorized a stock repurchase program on Thursday, May 8th that allows the company to repurchase $25.00 million in shares. This repurchase authorization allows the technology company to repurchase up to 3% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company's board believes its stock is undervalued.

HealthStream Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Monday, May 19th will be given a $0.031 dividend. The ex-dividend date of this dividend is Monday, May 19th. This represents a $0.12 annualized dividend and a yield of 0.44%. HealthStream's payout ratio is 19.05%.

HealthStream 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.