HealthStream, Inc. (NASDAQ:HSTM) Shares Purchased by Tudor Investment Corp ET AL

Tudor Investment Corp ET AL increased its holdings in shares of HealthStream, Inc. (NASDAQ:HSTM - Free Report) by 28.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 71,014 shares of the technology company's stock after purchasing an additional 15,941 shares during the period. Tudor Investment Corp ET AL owned 0.23% of HealthStream worth $2,258,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Robeco Institutional Asset Management B.V. boosted its stake in shares of HealthStream by 26.9% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 76,260 shares of the technology company's stock worth $2,425,000 after buying an additional 16,166 shares during the period. JPMorgan Chase & Co. raised its stake in shares of HealthStream by 18.7% during the third quarter. JPMorgan Chase & Co. now owns 57,204 shares of the technology company's stock worth $1,650,000 after purchasing an additional 9,017 shares during the last quarter. Copeland Capital Management LLC lifted its holdings in shares of HealthStream by 17,363.4% during the fourth quarter. Copeland Capital Management LLC now owns 379,306 shares of the technology company's stock worth $12,062,000 after purchasing an additional 377,134 shares during the period. Barclays PLC grew its position in HealthStream by 145.0% in the 3rd quarter. Barclays PLC now owns 58,838 shares of the technology company's stock valued at $1,697,000 after buying an additional 34,821 shares during the last quarter. Finally, Sanctuary Advisors LLC increased its stake in HealthStream by 4.8% in the 4th quarter. Sanctuary Advisors LLC now owns 15,445 shares of the technology company's stock valued at $507,000 after buying an additional 708 shares during the period. 69.58% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. 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 report on Wednesday, February 26th. JMP Securities reissued a "market perform" rating on shares of HealthStream in a research note on Thursday, February 6th. Finally, William Blair restated an "outperform" rating on shares of HealthStream in a research note on Tuesday, February 25th. Two investment analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $32.00.

HealthStream Stock Performance

HSTM stock traded up $1.24 during midday trading on Friday, hitting $28.47. 93,504 shares of the stock were exchanged, compared to its average volume of 135,669. The stock's 50-day moving average price is $31.88 and its 200-day moving average price is $31.98. The stock has a market cap of $869.05 million, a price-to-earnings ratio of 43.80, a PEG ratio of 4.37 and a beta of 0.50. HealthStream, Inc. has a fifty-two week low of $25.84 and a fifty-two week 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 earnings per share for the quarter, missing the consensus estimate of $0.16 by ($0.02). HealthStream had a net margin of 6.84% and a return on equity of 5.67%. The business had revenue of $73.49 million for the quarter, compared to analysts' expectations of $74.93 million. During the same quarter last year, the business posted $0.17 earnings per share. Research analysts anticipate that HealthStream, Inc. will post 0.63 EPS for the current year.

HealthStream declared that its board has initiated a share buyback plan on Thursday, May 8th that permits the company to repurchase $25.00 million in outstanding shares. This repurchase authorization permits the technology company to purchase up to 3% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company's management believes its shares are undervalued.

HealthStream Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Monday, May 19th will be given a $0.031 dividend. The ex-dividend date is Monday, May 19th. This represents a $0.12 annualized dividend and a dividend yield of 0.44%. HealthStream's dividend payout ratio is currently 18.18%.

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.