Bank of New York Mellon Corp raised its stake in HealthStream, Inc. (NASDAQ:HSTM – Free Report) by 0.8% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 269,153 shares of the technology company’s stock after acquiring an additional 2,062 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.88% of HealthStream worth $6,610,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Copeland Capital Management LLC bought a new position in shares of HealthStream in the second quarter worth about $26,000. Altshuler Shaham Ltd lifted its holdings in shares of HealthStream by 102.0% in the fourth quarter. Altshuler Shaham Ltd now owns 2,426 shares of the technology company’s stock worth $60,000 after acquiring an additional 1,225 shares during the last quarter. UBS Group AG lifted its holdings in shares of HealthStream by 405.7% in the third quarter. UBS Group AG now owns 3,110 shares of the technology company’s stock worth $66,000 after acquiring an additional 2,495 shares during the last quarter. Captrust Financial Advisors lifted its holdings in shares of HealthStream by 30.1% in the first quarter. Captrust Financial Advisors now owns 4,344 shares of the technology company’s stock worth $87,000 after acquiring an additional 1,005 shares during the last quarter. Finally, Harbor Capital Advisors Inc. acquired a new position in shares of HealthStream in the second quarter valued at approximately $112,000. Institutional investors own 70.42% of the company’s stock.
Analysts Set New Price Targets
Several research firms have recently issued reports on HSTM. William Blair reaffirmed an “outperform” rating on shares of HealthStream in a research note on Tuesday, July 25th. StockNews.com downgraded HealthStream from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, November 1st.
HealthStream Price Performance
HealthStream stock opened at $25.49 on Tuesday. The business has a 50 day moving average of $23.21 and a 200-day moving average of $23.11. HealthStream, Inc. has a 1 year low of $20.47 and a 1 year high of $27.69. The company has a market capitalization of $771.84 million, a P/E ratio of 59.28, a P/E/G ratio of 3.94 and a beta of 0.38.
HealthStream (NASDAQ:HSTM – Get Free Report) last released its earnings results on Monday, October 23rd. The technology company reported $0.13 earnings per share for the quarter, beating analysts’ consensus estimates of $0.09 by $0.04. The business had revenue of $70.34 million during the quarter, compared to the consensus estimate of $70.62 million. HealthStream had a net margin of 4.72% and a return on equity of 4.10%. The company’s revenue for the quarter was up 4.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.05 EPS. Equities analysts anticipate that HealthStream, Inc. will post 0.46 EPS for the current year.
HealthStream Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, December 22nd. Shareholders of record on Monday, December 11th will be given a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a yield of 0.39%. The ex-dividend date of this dividend is Friday, December 8th. HealthStream’s dividend payout ratio is presently 23.26%.
HealthStream Company Profile
HealthStream, Inc provides workforce and provider solutions for healthcare organizations in the United States. It offers workforce solutions, including software-as-a-service (SaaS) based services and subscription-based solutions to meet the range of its clinical development, talent management, training, education, certification, scheduling, competency assessment, performance appraisal, and other needs, as well as implementation, training, account management services.
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