Harbor Capital Advisors Inc. Grows Holdings in HealthStream, Inc. (NASDAQ:HSTM)

Harbor Capital Advisors Inc. raised its position in HealthStream, Inc. (NASDAQ:HSTM) by 3.7% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 414,787 shares of the technology company’s stock after purchasing an additional 14,754 shares during the period. Harbor Capital Advisors Inc.’s holdings in HealthStream were worth $13,190,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of HSTM. Barclays PLC lifted its holdings in HealthStream by 145.0% during the third quarter. Barclays PLC now owns 58,838 shares of the technology company’s stock worth $1,697,000 after acquiring an additional 34,821 shares during the period. Deerfield Management Company L.P. Series C purchased a new stake in shares of HealthStream during the 2nd quarter valued at $626,000. State Street Corp raised its stake in shares of HealthStream by 1.2% during the 3rd quarter. State Street Corp now owns 974,235 shares of the technology company’s stock worth $28,097,000 after purchasing an additional 11,976 shares during the period. First Eagle Investment Management LLC boosted its holdings in shares of HealthStream by 7.1% in the 2nd quarter. First Eagle Investment Management LLC now owns 530,178 shares of the technology company’s stock worth $14,792,000 after buying an additional 35,350 shares during the last quarter. Finally, FMR LLC grew its position in HealthStream by 24.0% during the third quarter. FMR LLC now owns 119,067 shares of the technology company’s stock valued at $3,434,000 after buying an additional 23,055 shares during the period. Institutional investors own 69.58% of the company’s stock.

HealthStream Price Performance

Shares of HSTM traded down $1.20 during trading hours on Friday, hitting $31.27. The company’s stock had a trading volume of 28,632 shares, compared to its average volume of 112,647. The company has a market cap of $951.08 million, a price-to-earnings ratio of 48.11, a PEG ratio of 4.30 and a beta of 0.40. The business has a 50 day simple moving average of $31.99 and a two-hundred day simple moving average of $29.82. HealthStream, Inc. has a 52-week low of $23.92 and a 52-week high of $33.52.

HealthStream (NASDAQ:HSTM) last issued its earnings results on Monday, October 21st. The technology company reported $0.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.13 by $0.06. HealthStream had a net margin of 6.84% and a return on equity of 5.67%. The business had revenue of $73.10 million for the quarter, compared to analysts’ expectations of $73.53 million. During the same quarter in the previous year, the firm posted $0.13 EPS. The business’s revenue for the quarter was up 4.0% compared to the same quarter last year. Research analysts predict that HealthStream, Inc. will post 0.63 earnings per share for the current year.

HealthStream Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Monday, November 4th were given a dividend of $0.028 per share. This represents a $0.11 annualized dividend and a dividend yield of 0.36%. The ex-dividend date of this dividend was Monday, November 4th. HealthStream’s dividend payout ratio is presently 16.92%.

Wall Street Analysts Forecast Growth

Several brokerages have commented on HSTM. Canaccord Genuity Group lifted their price objective on shares of HealthStream from $28.00 to $29.00 and gave the stock a “hold” rating in a research report on Wednesday, October 23rd. Craig Hallum raised shares of HealthStream to a “strong-buy” rating in a report on Thursday, October 17th. Finally, Barclays increased their price objective on HealthStream from $32.00 to $34.00 and gave the company an “overweight” rating in a report on Wednesday, October 23rd. One analyst has rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $31.50.

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.