HealthStream, Inc. (NASDAQ:HSTM) Shares Sold by Renaissance Technologies LLC

Renaissance Technologies LLC lowered its holdings in HealthStream, Inc. (NASDAQ:HSTM - Free Report) by 13.7% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 549,300 shares of the technology company's stock after selling 87,100 shares during the period. Renaissance Technologies LLC owned approximately 1.81% of HealthStream worth $17,468,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in HSTM. Barclays PLC increased its stake in shares of HealthStream by 145.0% during the third quarter. Barclays PLC now owns 58,838 shares of the technology company's stock worth $1,697,000 after buying an additional 34,821 shares during the period. Robeco Institutional Asset Management B.V. grew its position in shares of HealthStream by 26.9% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 76,260 shares of the technology company's stock valued at $2,425,000 after buying an additional 16,166 shares during the last quarter. State Street Corp lifted its position in HealthStream by 1.2% in the third quarter. State Street Corp now owns 974,235 shares of the technology company's stock valued at $28,097,000 after acquiring an additional 11,976 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in HealthStream by 18.7% in the third quarter. JPMorgan Chase & Co. now owns 57,204 shares of the technology company's stock valued at $1,650,000 after acquiring an additional 9,017 shares in the last quarter. Finally, Copeland Capital Management LLC grew its stake in HealthStream by 17,363.4% during the 4th quarter. Copeland Capital Management LLC now owns 379,306 shares of the technology company's stock worth $12,062,000 after buying an additional 377,134 shares during the last quarter. 69.58% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

HealthStream Price Performance

HSTM traded down $0.08 during trading on Friday, hitting $32.39. The company had a trading volume of 112,080 shares, compared to its average volume of 133,937. The company has a market cap of $988.70 million, a PE ratio of 49.83, a P/E/G ratio of 4.37 and a beta of 0.42. HealthStream, Inc. has a 1-year low of $23.92 and a 1-year high of $34.24. The business has a 50-day moving average of $32.35 and a 200-day moving average of $31.68.

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

HealthStream Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Monday, March 10th were given a dividend of $0.031 per share. The ex-dividend date was Monday, March 10th. This represents a $0.12 annualized dividend and a dividend yield of 0.38%. This is a positive change from HealthStream's previous quarterly dividend of $0.03. HealthStream's dividend payout ratio is currently 18.18%.

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.