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

Bailard Inc. lowered its position in shares of HealthStream, Inc. (NASDAQ:HSTM) by 4.2% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 9,180 shares of the technology company’s stock after selling 400 shares during the quarter. Bailard Inc.’s holdings in HealthStream were worth $256,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. Illinois Municipal Retirement Fund raised its holdings in HealthStream by 3.7% during the fourth quarter. Illinois Municipal Retirement Fund now owns 13,658 shares of the technology company’s stock worth $369,000 after purchasing an additional 493 shares in the last quarter. Parallel Advisors LLC grew its holdings in HealthStream by 79.4% during the fourth quarter. Parallel Advisors LLC now owns 1,132 shares of the technology company’s stock worth $31,000 after acquiring an additional 501 shares during the period. GAMMA Investing LLC raised its position in HealthStream by 172.1% in the second quarter. GAMMA Investing LLC now owns 996 shares of the technology company’s stock worth $28,000 after acquiring an additional 630 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in HealthStream by 6.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 16,178 shares of the technology company’s stock valued at $432,000 after acquiring an additional 918 shares during the period. Finally, New York State Common Retirement Fund boosted its position in shares of HealthStream by 11.6% during the 4th quarter. New York State Common Retirement Fund now owns 9,214 shares of the technology company’s stock worth $249,000 after purchasing an additional 955 shares in the last quarter. Hedge funds and other institutional investors own 69.58% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently commented on HSTM. Canaccord Genuity Group raised their price objective on shares of HealthStream from $27.00 to $28.00 and gave the company a “hold” rating in a research note on Wednesday, July 24th. StockNews.com lowered HealthStream from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, July 24th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, HealthStream has an average rating of “Moderate Buy” and a consensus price target of $30.00.

Insider Activity at HealthStream

In related news, SVP Kevin P. O’hara sold 3,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 7th. The shares were sold at an average price of $28.03, for a total transaction of $84,090.00. Following the transaction, the senior vice president now owns 9,527 shares of the company’s stock, valued at $267,041.81. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 20.60% of the stock is currently owned by corporate insiders.

HealthStream Trading Up 0.3 %

Shares of NASDAQ HSTM opened at $28.88 on Tuesday. The stock has a market cap of $877.89 million, a price-to-earnings ratio of 49.79, a PEG ratio of 4.42 and a beta of 0.38. The company’s 50-day moving average price is $28.46 and its 200 day moving average price is $27.25. HealthStream, Inc. has a 52 week low of $20.47 and a 52 week high of $31.15.

HealthStream (NASDAQ:HSTM) last issued its quarterly earnings data on Monday, July 22nd. The technology company reported $0.14 earnings per share for the quarter, topping analysts’ consensus estimates of $0.12 by $0.02. HealthStream had a net margin of 6.26% and a return on equity of 5.19%. The business had revenue of $71.56 million during the quarter, compared to analysts’ expectations of $72.85 million. During the same period last year, the company posted $0.13 EPS. The company’s revenue was up 3.4% on a year-over-year basis. As a group, research analysts expect that HealthStream, Inc. will post 0.56 earnings per share for the current year.

HealthStream Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 16th. Investors of record on Monday, August 5th were paid a dividend of $0.028 per share. This represents a $0.11 dividend on an annualized basis and a dividend yield of 0.39%. The ex-dividend date was Monday, August 5th. HealthStream’s payout ratio is currently 18.97%.

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.