HealthStream, Inc. Announces Quarterly Dividend of $0.03 (NASDAQ:HSTM)

HealthStream, Inc. (NASDAQ:HSTM - Get Free Report) declared a quarterly dividend on Monday, May 5th, RTT News reports. Stockholders of record on Monday, May 19th will be paid a dividend of 0.031 per share by the technology company on Friday, May 30th. This represents a $0.12 annualized dividend and a dividend yield of 0.43%. The ex-dividend date of this dividend is Monday, May 19th.

HealthStream has a payout ratio of 16.4% meaning its dividend is sufficiently covered by earnings. Equities analysts expect HealthStream to earn $0.64 per share next year, which means the company should continue to be able to cover its $0.12 annual dividend with an expected future payout ratio of 18.8%.

HealthStream Stock Up 5.6 %

Shares of HSTM stock traded up $1.53 during trading hours on Friday, reaching $28.76. The company's stock had a trading volume of 67,117 shares, compared to its average volume of 135,549. HealthStream has a fifty-two week low of $25.84 and a fifty-two week high of $34.24. The company has a market capitalization of $877.90 million, a price-to-earnings ratio of 44.25, a PEG ratio of 4.37 and a beta of 0.50. The firm's 50 day simple moving average is $31.88 and its 200-day simple moving average is $31.98.

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). 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 last year, the company posted $0.17 EPS. Sell-side analysts predict that HealthStream will post 0.63 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on HSTM. William Blair reissued an "outperform" rating on shares of HealthStream in a report on Tuesday, February 25th. Canaccord Genuity Group lifted their price target on HealthStream from $29.00 to $30.00 and gave the company a "hold" rating in a research note on Wednesday, February 26th. Finally, JMP Securities reiterated a "market perform" rating on shares of HealthStream in a report on Thursday, February 6th. Two analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $32.00.

HealthStream declared that its Board of Directors has initiated a stock repurchase program on Thursday, May 8th that authorizes the company to buyback $25.00 million in shares. This buyback authorization authorizes the technology company to purchase up to 3% of its stock through open market purchases. Stock buyback programs are usually a sign that the company's board believes its shares are undervalued.

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.