MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Has $3.13 Million Position in HealthStream, Inc. (NASDAQ:HSTM)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. cut its position in HealthStream, Inc. (NASDAQ:HSTM - Free Report) by 32.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 98,467 shares of the technology company's stock after selling 46,385 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned 0.32% of HealthStream worth $3,131,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in HealthStream by 3.1% in the fourth quarter. Vanguard Group Inc. now owns 3,055,060 shares of the technology company's stock valued at $97,151,000 after buying an additional 92,067 shares in the last quarter. Geode Capital Management LLC boosted its position in HealthStream by 2.9% in the fourth quarter. Geode Capital Management LLC now owns 694,274 shares of the technology company's stock valued at $22,082,000 after buying an additional 19,510 shares in the last quarter. Copeland Capital Management LLC boosted its position in HealthStream by 17,363.4% in the fourth quarter. Copeland Capital Management LLC now owns 379,306 shares of the technology company's stock valued at $12,062,000 after buying an additional 377,134 shares in the last quarter. Northern Trust Corp boosted its position in HealthStream by 13.4% in the fourth quarter. Northern Trust Corp now owns 306,440 shares of the technology company's stock valued at $9,745,000 after buying an additional 36,239 shares in the last quarter. Finally, Cerity Partners LLC boosted its position in HealthStream by 3,889.2% in the fourth quarter. Cerity Partners LLC now owns 300,070 shares of the technology company's stock valued at $9,534,000 after buying an additional 292,548 shares in the last quarter. 69.58% of the stock is currently owned by institutional investors and hedge funds.

HealthStream Trading Up 2.2%

Shares of NASDAQ HSTM opened at $29.13 on Tuesday. HealthStream, Inc. has a 1-year low of $25.84 and a 1-year high of $34.24. The company has a market cap of $889.19 million, a PE ratio of 44.82, a P/E/G ratio of 4.37 and a beta of 0.50. The company has a 50-day moving average of $31.23 and a two-hundred day moving average of $31.97.

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

HealthStream Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Monday, May 19th will be paid a dividend of $0.031 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.43%. The ex-dividend date of this dividend is Monday, May 19th. HealthStream's dividend payout ratio (DPR) is 19.05%.

HealthStream announced that its board has authorized a share buyback program on Thursday, May 8th that allows the company to buyback $25.00 million in shares. This buyback authorization allows the technology company to purchase up to 3% of its shares through open market purchases. Shares buyback programs are usually an indication that the company's board of directors believes its stock is undervalued.

Analyst Ratings Changes

A number of research firms have commented on HSTM. William Blair restated an "outperform" rating on shares of HealthStream in a research report on Tuesday, February 25th. Canaccord Genuity Group dropped their target price on shares of HealthStream from $30.00 to $29.00 and set a "hold" rating for the company in a research note on Thursday, May 15th. Finally, JMP Securities reaffirmed a "market perform" rating on shares of HealthStream in a research note on Thursday, February 6th. 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, HealthStream currently has a consensus rating of "Moderate Buy" and a consensus target price of $31.50.

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.

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