Vestcor Inc Sells 2,486 Shares of HealthStream, Inc. (NASDAQ:HSTM)

Vestcor Inc trimmed its holdings in shares of HealthStream, Inc. (NASDAQ:HSTM) by 33.2% during the fourth quarter, Holdings Channel.com reports. The fund owned 5,008 shares of the technology company’s stock after selling 2,486 shares during the quarter. Vestcor Inc’s holdings in HealthStream were worth $159,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of HSTM. Copeland Capital Management LLC increased its position in HealthStream by 17,363.4% during the fourth quarter. Copeland Capital Management LLC now owns 379,306 shares of the technology company’s stock worth $12,062,000 after acquiring an additional 377,134 shares during the period. Polar Asset Management Partners Inc. bought a new position in HealthStream in the 3rd quarter valued at about $1,635,000. Annex Advisory Services LLC bought a new position in HealthStream in the 4th quarter valued at about $1,149,000. Barclays PLC increased its holdings in HealthStream by 145.0% in the 3rd quarter. Barclays PLC now owns 58,838 shares of the technology company’s stock valued at $1,697,000 after buying an additional 34,821 shares during the period. Finally, FMR LLC increased its holdings in HealthStream by 24.0% in the 3rd 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. 69.58% of the stock is owned by institutional investors.

HealthStream Trading Up 1.1 %

HSTM opened at $31.37 on Wednesday. The company’s 50 day moving average is $32.59 and its 200-day moving average is $31.20. HealthStream, Inc. has a 1-year low of $23.92 and a 1-year high of $34.24. The company has a market cap of $954.71 million, a P/E ratio of 48.26, a PEG ratio of 4.37 and a beta of 0.37.

HealthStream (NASDAQ:HSTM) last posted its earnings results on Monday, February 24th. The technology company reported $0.16 EPS for the quarter, topping the consensus estimate of $0.13 by $0.03. HealthStream had a net margin of 6.84% and a return on equity of 5.67%. The business had revenue of $74.24 million for the quarter, compared to the consensus estimate of $73.55 million. During the same period last year, the company earned $0.14 EPS. On average, equities analysts forecast that HealthStream, Inc. will post 0.63 EPS for the current year.

HealthStream Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Monday, March 10th will be given a dividend of $0.031 per share. The ex-dividend date is Monday, March 10th. This is an increase from HealthStream’s previous quarterly dividend of $0.03. This represents a $0.12 annualized dividend and a yield of 0.40%. HealthStream’s dividend payout ratio (DPR) is currently 18.18%.

Analysts Set New Price Targets

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

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.