Franklin Resources Inc. Cuts Stock Position in HealthStream, Inc. (NASDAQ:HSTM)

Franklin Resources Inc. decreased its position in shares of HealthStream, Inc. (NASDAQ:HSTM) by 0.9% in the third quarter, HoldingsChannel reports. The fund owned 44,259 shares of the technology company’s stock after selling 407 shares during the quarter. Franklin Resources Inc.’s holdings in HealthStream were worth $1,253,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Quarry LP acquired a new position in shares of HealthStream during the third quarter worth $27,000. Point72 DIFC Ltd purchased a new stake in HealthStream in the second quarter valued at about $38,000. GAMMA Investing LLC raised its stake in HealthStream by 36.0% in the third quarter. GAMMA Investing LLC now owns 1,355 shares of the technology company’s stock valued at $39,000 after buying an additional 359 shares during the last quarter. Copeland Capital Management LLC acquired a new stake in HealthStream in the third quarter worth about $63,000. Finally, CWM LLC grew its stake in shares of HealthStream by 64.2% during the third quarter. CWM LLC now owns 4,448 shares of the technology company’s stock worth $128,000 after acquiring an additional 1,739 shares during the last quarter. Hedge funds and other institutional investors own 69.58% of the company’s stock.

Analyst Ratings Changes

HSTM has been the subject of several research analyst reports. Barclays increased their price objective on shares of HealthStream from $32.00 to $34.00 and gave the company an “overweight” rating in a research report on Wednesday, October 23rd. Craig Hallum raised shares of HealthStream to a “strong-buy” rating in a report on Thursday, October 17th. Finally, Canaccord Genuity Group boosted their price objective on shares of HealthStream from $28.00 to $29.00 and gave the company a “hold” rating in a report on Wednesday, October 23rd. One investment analyst has rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, HealthStream currently has a consensus rating of “Buy” and an average price target of $31.50.

HealthStream Stock Down 0.9 %

HealthStream stock opened at $31.75 on Friday. The stock has a 50-day moving average price of $31.37 and a 200 day moving average price of $29.52. The company has a market capitalization of $965.68 million, a price-to-earnings ratio of 48.85, a price-to-earnings-growth ratio of 4.36 and a beta of 0.38. HealthStream, Inc. has a 52 week low of $23.92 and a 52 week high of $33.52.

HealthStream (NASDAQ:HSTM) last announced its quarterly earnings data on Monday, October 21st. The technology company reported $0.19 EPS for the quarter, beating the consensus estimate of $0.13 by $0.06. The business had revenue of $73.10 million during the quarter, compared to analysts’ expectations of $73.53 million. HealthStream had a net margin of 6.84% and a return on equity of 5.67%. The business’s quarterly revenue was up 4.0% compared to the same quarter last year. During the same period in the previous year, the business posted $0.13 EPS. Research analysts anticipate that HealthStream, Inc. will post 0.63 EPS for the current fiscal year.

HealthStream Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Monday, November 4th were given a dividend of $0.028 per share. This represents a $0.11 annualized dividend and a yield of 0.35%. The ex-dividend date of this dividend was Monday, November 4th. HealthStream’s dividend payout ratio is currently 16.92%.

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.