State Street Corp Has $28.10 Million Stock Position in HealthStream, Inc. (NASDAQ:HSTM)

State Street Corp increased its position in shares of HealthStream, Inc. (NASDAQ:HSTM) by 1.2% during the third quarter, Holdings Channel reports. The fund owned 974,235 shares of the technology company’s stock after acquiring an additional 11,976 shares during the quarter. State Street Corp’s holdings in HealthStream were worth $28,097,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Deerfield Management Company L.P. Series C purchased a new position in HealthStream during the 2nd quarter valued at about $626,000. Harbor Capital Advisors Inc. grew its position in HealthStream by 141.2% during the third quarter. Harbor Capital Advisors Inc. now owns 400,033 shares of the technology company’s stock valued at $11,537,000 after purchasing an additional 234,148 shares in the last quarter. First Eagle Investment Management LLC increased its stake in HealthStream by 7.1% in the 2nd quarter. First Eagle Investment Management LLC now owns 530,178 shares of the technology company’s stock valued at $14,792,000 after buying an additional 35,350 shares during the period. FMR LLC lifted its position in HealthStream by 24.0% in the 3rd quarter. FMR LLC now owns 119,067 shares of the technology company’s stock worth $3,434,000 after buying an additional 23,055 shares in the last quarter. Finally, Assenagon Asset Management S.A. lifted its position in HealthStream by 37.3% in the 3rd quarter. Assenagon Asset Management S.A. now owns 201,601 shares of the technology company’s stock worth $5,814,000 after buying an additional 54,775 shares in the last quarter. Hedge funds and other institutional investors own 69.58% of the company’s stock.

HealthStream Trading Up 0.8 %

Shares of NASDAQ:HSTM opened at $31.45 on Monday. The stock has a market capitalization of $956.55 million, a PE ratio of 48.39, a P/E/G ratio of 4.36 and a beta of 0.38. HealthStream, Inc. has a 1 year low of $23.92 and a 1 year high of $33.52. The firm has a fifty day moving average price of $31.14 and a 200 day moving average price of $29.44.

HealthStream (NASDAQ:HSTM) last issued its quarterly earnings data on Monday, October 21st. The technology company reported $0.19 EPS for the quarter, beating analysts’ consensus estimates of $0.13 by $0.06. HealthStream had a return on equity of 5.67% and a net margin of 6.84%. The business had revenue of $73.10 million for the quarter, compared to analyst estimates of $73.53 million. During the same quarter in the prior year, the firm posted $0.13 EPS. The firm’s revenue for the quarter was up 4.0% on a year-over-year basis. On average, sell-side analysts forecast that HealthStream, Inc. will post 0.63 earnings per share for the current fiscal year.

HealthStream Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Monday, November 4th were paid a $0.028 dividend. This represents a $0.11 dividend on an annualized basis and a dividend yield of 0.36%. The ex-dividend date of this dividend was Monday, November 4th. HealthStream’s payout ratio is 16.92%.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on HSTM shares. Barclays upped their price target on shares of HealthStream from $32.00 to $34.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 23rd. Craig Hallum raised HealthStream to a “strong-buy” rating in a research report on Thursday, October 17th. Finally, Canaccord Genuity Group lifted their price target on HealthStream from $28.00 to $29.00 and gave the company a “hold” rating in a report on Wednesday, October 23rd. One analyst has rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $31.50.

HealthStream Company 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.