D. E. Shaw & Co. Inc. Reduces Position in HealthStream, Inc. (NASDAQ:HSTM)

D. E. Shaw & Co. Inc. reduced its stake in HealthStream, Inc. (NASDAQ:HSTM - Free Report) by 53.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 46,095 shares of the technology company's stock after selling 52,197 shares during the quarter. D. E. Shaw & Co. Inc. owned 0.15% of HealthStream worth $1,466,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. New Age Alpha Advisors LLC acquired a new position in HealthStream in the 4th quarter valued at $80,000. Meeder Asset Management Inc. acquired a new position in shares of HealthStream during the fourth quarter worth about $114,000. Bessemer Group Inc. raised its holdings in HealthStream by 1,074.6% during the fourth quarter. Bessemer Group Inc. now owns 3,747 shares of the technology company's stock worth $119,000 after purchasing an additional 3,428 shares in the last quarter. Lee Danner & Bass Inc. acquired a new stake in HealthStream in the fourth quarter valued at about $183,000. Finally, Woodmont Investment Counsel LLC purchased a new stake in HealthStream in the 4th quarter valued at approximately $275,000. Hedge funds and other institutional investors own 69.58% of the company's stock.

HealthStream Trading Up 0.1%

Shares of NASDAQ:HSTM traded up $0.04 during trading on Wednesday, hitting $27.94. 16,995 shares of the stock were exchanged, compared to its average volume of 144,392. The company has a market cap of $852.72 million, a PE ratio of 42.98, a P/E/G ratio of 4.37 and a beta of 0.50. The company has a fifty day moving average price of $30.82 and a two-hundred day moving average price of $31.84. HealthStream, Inc. has a 12-month low of $25.84 and a 12-month high of $34.24.

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

HealthStream announced that its board has approved a stock repurchase plan on Thursday, May 8th that allows the company to repurchase $25.00 million in outstanding shares. This repurchase authorization allows the technology company to purchase up to 3% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company's board of directors believes its shares are undervalued.

HealthStream Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Monday, May 19th will be issued a dividend of $0.031 per share. 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 dividend payout ratio (DPR) is currently 19.05%.

Analyst Ratings Changes

Several equities analysts have issued reports on HSTM shares. William Blair reiterated an "outperform" rating on shares of HealthStream in a research report on Tuesday, February 25th. JMP Securities reiterated a "market perform" rating on shares of HealthStream in a research report on Thursday, February 6th. Finally, Canaccord Genuity Group reduced their target price on HealthStream from $30.00 to $29.00 and set a "hold" rating for the company in a report on Thursday, May 15th. Two equities research 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's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $31.50.

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.