Allspring Global Investments Holdings LLC Purchases 8,906 Shares of HealthStream, Inc. (NASDAQ:HSTM)

Allspring Global Investments Holdings LLC grew its position in shares of HealthStream, Inc. (NASDAQ:HSTM) by 90.8% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 18,710 shares of the technology company’s stock after purchasing an additional 8,906 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in HealthStream were worth $506,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the stock. Exchange Traded Concepts LLC increased its stake in shares of HealthStream by 0.8% in the 4th quarter. Exchange Traded Concepts LLC now owns 58,816 shares of the technology company’s stock valued at $1,590,000 after acquiring an additional 463 shares in the last quarter. Signaturefd LLC increased its stake in shares of HealthStream by 568.2% in the 3rd quarter. Signaturefd LLC now owns 1,156 shares of the technology company’s stock valued at $25,000 after acquiring an additional 983 shares in the last quarter. Barclays PLC increased its stake in shares of HealthStream by 3.4% in the 3rd quarter. Barclays PLC now owns 29,808 shares of the technology company’s stock valued at $643,000 after acquiring an additional 985 shares in the last quarter. DekaBank Deutsche Girozentrale bought a new stake in shares of HealthStream in the 3rd quarter valued at $30,000. Finally, Quantbot Technologies LP bought a new stake in shares of HealthStream in the 3rd quarter valued at $34,000. Institutional investors own 69.58% of the company’s stock.

HealthStream Stock Performance

Shares of HSTM stock opened at $25.92 on Friday. The firm has a market capitalization of $787.97 million, a PE ratio of 44.69, a price-to-earnings-growth ratio of 4.21 and a beta of 0.36. The firm has a fifty day simple moving average of $26.13 and a two-hundred day simple moving average of $25.88. HealthStream, Inc. has a 12 month low of $20.47 and a 12 month high of $29.12.

HealthStream (NASDAQ:HSTM) last announced its quarterly earnings results on Monday, April 22nd. The technology company reported $0.17 EPS for the quarter, beating analysts’ consensus estimates of $0.10 by $0.07. The business had revenue of $72.80 million during the quarter, compared to analyst estimates of $71.88 million. HealthStream had a net margin of 6.30% and a return on equity of 5.21%. HealthStream’s quarterly revenue was up 5.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.12 EPS. On average, equities analysts predict that HealthStream, Inc. will post 0.52 earnings per share for the current fiscal year.

HealthStream Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 17th. Shareholders of record on Monday, May 6th will be issued a dividend of $0.028 per share. This represents a $0.11 dividend on an annualized basis and a yield of 0.43%. The ex-dividend date of this dividend is Friday, May 3rd. HealthStream’s dividend payout ratio is 18.97%.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. William Blair reiterated an “outperform” rating on shares of HealthStream in a research note on Tuesday, February 20th. Barclays began coverage on shares of HealthStream in a research note on Wednesday, January 3rd. They set an “overweight” rating and a $32.00 price target for the company. Finally, StockNews.com lowered shares of HealthStream from a “strong-buy” rating to a “buy” rating in a research note on Wednesday. One analyst has rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, HealthStream currently has a consensus rating of “Moderate Buy” and an average price target of $32.00.

Insiders Place Their Bets

In other HealthStream news, SVP Trisha L. Coady sold 7,000 shares of HealthStream stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $26.34, for a total transaction of $184,380.00. Following the transaction, the senior vice president now directly owns 14,693 shares of the company’s stock, valued at approximately $387,013.62. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other HealthStream news, EVP Michael Sousa sold 15,000 shares of HealthStream stock in a transaction on Monday, February 26th. The shares were sold at an average price of $27.25, for a total transaction of $408,750.00. Following the transaction, the executive vice president now directly owns 42,525 shares of the company’s stock, valued at approximately $1,158,806.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Trisha L. Coady sold 7,000 shares of the business’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $26.34, for a total transaction of $184,380.00. Following the completion of the transaction, the senior vice president now directly owns 14,693 shares in the company, valued at $387,013.62. The disclosure for this sale can be found here. Insiders own 20.60% of the company’s stock.

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.