Harbor Capital Advisors Inc. Has $13.19 Million Stock Holdings in HealthStream, Inc. (NASDAQ:HSTM)

Harbor Capital Advisors Inc. raised its stake in HealthStream, Inc. (NASDAQ:HSTM) by 3.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 414,787 shares of the technology company’s stock after buying an additional 14,754 shares during the period. Harbor Capital Advisors Inc. owned 1.36% of HealthStream worth $13,190,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Diversified Trust Co boosted its stake in shares of HealthStream by 20.5% during the fourth quarter. Diversified Trust Co now owns 8,733 shares of the technology company’s stock valued at $278,000 after purchasing an additional 1,486 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of HealthStream by 18.7% during the third quarter. JPMorgan Chase & Co. now owns 57,204 shares of the technology company’s stock worth $1,650,000 after acquiring an additional 9,017 shares during the last quarter. Sanctuary Advisors LLC lifted its stake in shares of HealthStream by 11.7% in the third quarter. Sanctuary Advisors LLC now owns 14,737 shares of the technology company’s stock worth $425,000 after acquiring an additional 1,538 shares during the period. Barclays PLC boosted its holdings in HealthStream by 145.0% in the third quarter. Barclays PLC now owns 58,838 shares of the technology company’s stock valued at $1,697,000 after acquiring an additional 34,821 shares during the last quarter. Finally, Geode Capital Management LLC raised its holdings in HealthStream by 2.9% during the 3rd quarter. Geode Capital Management LLC now owns 674,764 shares of the technology company’s stock worth $19,463,000 after purchasing an additional 18,779 shares during the last quarter. Institutional investors own 69.58% of the company’s stock.

HealthStream Stock Down 3.7 %

HSTM stock traded down $1.20 during midday trading on Friday, reaching $31.27. 28,632 shares of the company’s stock traded hands, compared to its average volume of 112,647. HealthStream, Inc. has a 52 week low of $23.92 and a 52 week high of $33.52. The company has a market cap of $951.08 million, a price-to-earnings ratio of 48.11, a P/E/G ratio of 4.30 and a beta of 0.40. The firm’s fifty day moving average price is $31.99 and its 200-day moving average price is $29.82.

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

HealthStream Announces Dividend

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

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on HSTM. Barclays increased their price objective on shares of HealthStream from $32.00 to $34.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 23rd. Craig Hallum upgraded HealthStream to a “strong-buy” rating in a report on Thursday, October 17th. Finally, Canaccord Genuity Group boosted their target price on shares of HealthStream from $28.00 to $29.00 and gave the company a “hold” rating in a research report on Wednesday, October 23rd. One investment analyst has rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $31.50.

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.