Zurcher Kantonalbank Zurich Cantonalbank Lowers Stock Position in HealthStream, Inc. (NASDAQ:HSTM)

Zurcher Kantonalbank Zurich Cantonalbank trimmed its holdings in shares of HealthStream, Inc. (NASDAQ:HSTM) by 22.0% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 4,232 shares of the technology company’s stock after selling 1,191 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in HealthStream were worth $114,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Exchange Traded Concepts LLC increased its holdings 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 during the period. Signaturefd LLC grew its stake in HealthStream by 568.2% in the third quarter. Signaturefd LLC now owns 1,156 shares of the technology company’s stock valued at $25,000 after purchasing an additional 983 shares during the last quarter. Barclays PLC raised its holdings in HealthStream by 3.4% in the third quarter. Barclays PLC now owns 29,808 shares of the technology company’s stock worth $643,000 after purchasing an additional 985 shares in the last quarter. DekaBank Deutsche Girozentrale purchased a new stake in shares of HealthStream during the third quarter valued at about $30,000. Finally, Quantbot Technologies LP bought a new stake in shares of HealthStream in the 3rd quarter valued at about $34,000. Institutional investors own 69.58% of the company’s stock.

Wall Street Analysts Forecast Growth

HSTM has been the subject of several recent analyst reports. StockNews.com lowered shares of HealthStream from a “strong-buy” rating to a “buy” rating in a research note on Friday, May 3rd. William Blair reaffirmed an “outperform” rating on shares of HealthStream in a research report on Tuesday, February 20th. One research analyst has rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, HealthStream presently has a consensus rating of “Moderate Buy” and a consensus price target of $32.00.

Insiders Place Their Bets

In other news, EVP Michael Sousa sold 15,000 shares of the stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $27.25, for a total value of $408,750.00. Following the transaction, the executive vice president now directly owns 42,525 shares of the company’s stock, valued at $1,158,806.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other HealthStream news, SVP Trisha L. Coady sold 7,000 shares of the company’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $26.34, for a total value of $184,380.00. Following the sale, the senior vice president now directly owns 14,693 shares of the company’s stock, valued at $387,013.62. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Michael Sousa sold 15,000 shares of HealthStream stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $27.25, for a total value of $408,750.00. Following the transaction, the executive vice president now owns 42,525 shares of the company’s stock, valued at approximately $1,158,806.25. The disclosure for this sale can be found here. In the last 90 days, insiders sold 23,000 shares of company stock valued at $619,320. 20.60% of the stock is owned by company insiders.

HealthStream Stock Performance

Shares of HSTM stock opened at $27.15 on Friday. The firm has a market capitalization of $825.31 million, a price-to-earnings ratio of 46.81, a PEG ratio of 4.17 and a beta of 0.38. The stock’s 50-day simple moving average is $25.97 and its 200-day simple moving average is $26.17. HealthStream, Inc. has a fifty-two week low of $20.47 and a fifty-two week high of $29.12.

HealthStream (NASDAQ:HSTM) last released its earnings results on Monday, April 22nd. The technology company reported $0.17 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.07. The company had revenue of $72.80 million for the quarter, compared to the consensus estimate of $71.88 million. HealthStream had a net margin of 6.30% and a return on equity of 5.21%. HealthStream’s revenue was up 5.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.12 EPS. As a group, equities analysts forecast that HealthStream, Inc. will post 0.54 earnings per share for the current year.

HealthStream Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, May 17th. Investors of record on Monday, May 6th will be paid a $0.028 dividend. The ex-dividend date of this dividend is Friday, May 3rd. This represents a $0.11 dividend on an annualized basis and a yield of 0.41%. HealthStream’s dividend payout ratio (DPR) is 18.97%.

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.