MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Trims Holdings in HealthStream, Inc. (NASDAQ:HSTM)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lowered its stake in shares of HealthStream, Inc. (NASDAQ:HSTM - Free Report) by 32.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 98,467 shares of the technology company's stock after selling 46,385 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned approximately 0.32% of HealthStream worth $3,131,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of HSTM. Lazard Asset Management LLC increased its position in HealthStream by 33.2% in the fourth quarter. Lazard Asset Management LLC now owns 32,478 shares of the technology company's stock worth $1,031,000 after purchasing an additional 8,090 shares during the last quarter. Jefferies Financial Group Inc. bought a new position in HealthStream during the fourth quarter valued at about $1,822,000. Deutsche Bank AG boosted its stake in shares of HealthStream by 50.1% in the fourth quarter. Deutsche Bank AG now owns 25,888 shares of the technology company's stock valued at $823,000 after buying an additional 8,646 shares during the period. Bank of America Corp DE increased its stake in shares of HealthStream by 12.1% in the fourth quarter. Bank of America Corp DE now owns 49,261 shares of the technology company's stock valued at $1,566,000 after buying an additional 5,330 shares during the period. Finally, Comerica Bank lifted its holdings in shares of HealthStream by 7.1% in the fourth quarter. Comerica Bank now owns 9,373 shares of the technology company's stock valued at $298,000 after purchasing an additional 618 shares in the last quarter. 69.58% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on HSTM. William Blair reissued an "outperform" rating on shares of HealthStream in a research note 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 cut their price objective on shares of HealthStream from $30.00 to $29.00 and set a "hold" rating on the stock 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. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $31.50.

HealthStream Stock Performance

Shares of HealthStream stock traded down $0.47 during trading on Friday, hitting $27.35. 216,234 shares of the stock were exchanged, compared to its average volume of 144,410. HealthStream, Inc. has a 12 month low of $25.84 and a 12 month high of $34.24. The stock has a market cap of $834.86 million, a PE ratio of 42.08, a P/E/G ratio of 4.37 and a beta of 0.50. The stock's fifty day moving average is $30.98 and its 200 day moving average is $31.90.

HealthStream (NASDAQ:HSTM - Get Free Report) last released its quarterly earnings results 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). 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 the consensus estimate of $74.93 million. During the same quarter last year, the firm posted $0.17 earnings per share. Sell-side analysts anticipate that HealthStream, Inc. will post 0.63 EPS for the current fiscal year.

HealthStream announced that its Board of Directors has initiated 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 repurchase up to 3% of its stock through open market purchases. Stock repurchase plans are often a sign that the company's management believes its shares are undervalued.

HealthStream Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Monday, May 19th will be issued a $0.031 dividend. The ex-dividend date of this dividend is Monday, May 19th. This represents a $0.12 dividend on an annualized basis and a yield of 0.45%. HealthStream's dividend payout ratio is currently 19.05%.

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.