Zacks Investment Management Has $2.23 Million Stock Holdings in HealthStream, Inc. (NASDAQ:HSTM)

Zacks Investment Management boosted its holdings in shares of HealthStream, Inc. (NASDAQ:HSTM - Free Report) by 19.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 70,245 shares of the technology company's stock after buying an additional 11,628 shares during the quarter. Zacks Investment Management owned about 0.23% of HealthStream worth $2,234,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. New Age Alpha Advisors LLC acquired a new position in shares of HealthStream during the 4th quarter valued at about $80,000. Meeder Asset Management Inc. bought a new stake in HealthStream during the fourth quarter worth approximately $114,000. Bessemer Group Inc. grew its holdings in HealthStream by 1,074.6% during the fourth quarter. Bessemer Group Inc. now owns 3,747 shares of the technology company's stock valued at $119,000 after purchasing an additional 3,428 shares during the last quarter. Lee Danner & Bass Inc. bought a new position in shares of HealthStream in the fourth quarter valued at approximately $183,000. Finally, Y Intercept Hong Kong Ltd acquired a new stake in shares of HealthStream in the third quarter worth $260,000. 69.58% of the stock is currently owned by institutional investors.

HealthStream Stock Performance

Shares of NASDAQ:HSTM traded up $0.52 during trading on Wednesday, hitting $32.68. 28,358 shares of the stock were exchanged, compared to its average volume of 132,572. The company has a market capitalization of $997.56 million, a price-to-earnings ratio of 50.28, a price-to-earnings-growth ratio of 4.37 and a beta of 0.42. HealthStream, Inc. has a 1-year low of $24.60 and a 1-year high of $34.24. The company's fifty day simple moving average is $32.25 and its 200-day simple moving average is $31.75.

HealthStream (NASDAQ:HSTM - Get Free Report) last announced its quarterly earnings data on Monday, February 24th. The technology company reported $0.16 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.13 by $0.03. HealthStream had a net margin of 6.84% and a return on equity of 5.67%. The company had revenue of $74.24 million during the quarter, compared to analysts' expectations of $73.55 million. During the same quarter in the prior year, the company posted $0.14 EPS. On average, research analysts forecast that HealthStream, Inc. will post 0.63 earnings per share for the current fiscal year.

HealthStream Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Monday, March 10th were issued a dividend of $0.031 per share. This represents a $0.12 dividend on an annualized basis and a yield of 0.38%. This is an increase from HealthStream's previous quarterly dividend of $0.03. The ex-dividend date was Monday, March 10th. HealthStream's payout ratio is presently 18.18%.

Wall Street Analyst Weigh In

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

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.