HealthStream, Inc. (NASDAQ:HSTM) Holdings Trimmed by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP reduced its position in shares of HealthStream, Inc. (NASDAQ:HSTM - Free Report) by 1.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,537,937 shares of the technology company's stock after selling 28,901 shares during the quarter. Dimensional Fund Advisors LP owned 5.06% of HealthStream worth $48,906,000 at the end of the most recent quarter.

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

Analysts Set New Price Targets

A number of equities research 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 note on Thursday, February 6th. Finally, Canaccord Genuity Group raised their price objective on HealthStream from $29.00 to $30.00 and gave the company a "hold" rating in a research note on Wednesday, February 26th. Two 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 an average rating of "Moderate Buy" and an average target price of $32.00.

HealthStream Stock Up 2.1 %

Shares of NASDAQ HSTM opened at $34.07 on Friday. HealthStream, Inc. has a 12 month low of $26.58 and a 12 month high of $34.24. The company has a market cap of $1.04 billion, a P/E ratio of 52.42, a P/E/G ratio of 4.37 and a beta of 0.42. The business's 50 day moving average is $32.26 and its two-hundred day moving average is $31.99.

HealthStream (NASDAQ:HSTM - Get Free Report) last released its earnings results on Monday, February 24th. The technology company reported $0.16 EPS for the quarter, beating the consensus estimate of $0.13 by $0.03. The firm had revenue of $74.24 million during the quarter, compared to analysts' expectations of $73.55 million. HealthStream had a net margin of 6.84% and a return on equity of 5.67%. During the same period in the prior year, the company earned $0.14 EPS. Sell-side analysts expect that HealthStream, Inc. will post 0.63 earnings per share for the current fiscal year.

HealthStream Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Monday, March 10th were given a dividend of $0.031 per share. The ex-dividend date was Monday, March 10th. This is an increase from HealthStream's previous quarterly dividend of $0.03. This represents a $0.12 dividend on an annualized basis and a yield of 0.36%. HealthStream's dividend payout ratio (DPR) is 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.

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