Stifel Financial Corp Invests $447,000 in HealthStream, Inc. (NASDAQ:HSTM)

Stifel Financial Corp acquired a new position in shares of HealthStream, Inc. (NASDAQ:HSTM) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 14,061 shares of the technology company’s stock, valued at approximately $447,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. New Age Alpha Advisors LLC bought a new position in HealthStream during the 4th quarter valued at about $80,000. Meeder Asset Management Inc. bought a new position in HealthStream during the 4th quarter valued at about $114,000. Bessemer Group Inc. lifted its holdings in HealthStream by 1,074.6% during the 4th quarter. Bessemer Group Inc. now owns 3,747 shares of the technology company’s stock valued at $119,000 after purchasing an additional 3,428 shares during the last quarter. Lee Danner & Bass Inc. bought a new position in HealthStream during the 4th quarter valued at about $183,000. Finally, Woodmont Investment Counsel LLC bought a new position in HealthStream during the 4th quarter valued at about $275,000. 69.58% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts recently issued reports on HSTM shares. JMP Securities reissued a “market perform” rating on shares of HealthStream in a report on Thursday, February 6th. Canaccord Genuity Group lifted their price target on shares of HealthStream from $29.00 to $30.00 and gave the company a “hold” rating in a report on Wednesday, February 26th. Finally, William Blair reissued an “outperform” rating on shares of HealthStream in a report on Tuesday, February 25th. Two investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, HealthStream presently has an average rating of “Moderate Buy” and a consensus target price of $32.00.

HealthStream Trading Down 1.4%

Shares of NASDAQ HSTM opened at $27.45 on Tuesday. HealthStream, Inc. has a 1-year low of $25.84 and a 1-year high of $34.24. The company has a market cap of $837.91 million, a PE ratio of 42.23, a P/E/G ratio of 4.37 and a beta of 0.50. The company has a 50-day moving average of $31.64 and a two-hundred day moving average of $32.01.

HealthStream (NASDAQ:HSTM) last announced its earnings results on Monday, May 5th. The technology company reported $0.14 earnings per share for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.02). HealthStream had a return on equity of 5.67% and a net margin of 6.84%. The company had revenue of $73.49 million during the quarter, compared to the consensus estimate of $74.93 million. During the same period in the prior year, the firm posted $0.17 earnings per share. As a group, equities research analysts forecast that HealthStream, Inc. will post 0.63 earnings per share for the current year.

HealthStream declared that its Board of Directors has authorized a stock buyback plan on Thursday, May 8th that allows the company to repurchase $25.00 million in outstanding shares. This repurchase authorization allows the technology company to purchase up to 3% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board of directors believes its stock is undervalued.

HealthStream Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Monday, May 19th will be given a dividend of $0.031 per share. This represents a $0.12 annualized dividend and a dividend yield of 0.45%. The ex-dividend date is Monday, May 19th. HealthStream’s dividend payout ratio is 19.05%.

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.