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

Vestcor Inc decreased its stake in shares of HealthStream, Inc. (NASDAQ:HSTM) by 33.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,008 shares of the technology company’s stock after selling 2,486 shares during the period. Vestcor Inc’s holdings in HealthStream were worth $159,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the stock. Quarry LP acquired a new position in HealthStream during the third quarter worth $27,000. Centiva Capital LP acquired a new position in HealthStream during the third quarter worth $260,000. Y Intercept Hong Kong Ltd acquired a new position in HealthStream during the third quarter worth $260,000. Dynamic Technology Lab Private Ltd acquired a new position in HealthStream during the third quarter worth $269,000. Finally, Diversified Trust Co boosted its holdings in HealthStream by 20.5% during the fourth quarter. Diversified Trust Co now owns 8,733 shares of the technology company’s stock worth $278,000 after purchasing an additional 1,486 shares during the last quarter. Institutional investors own 69.58% of the company’s stock.

Analysts Set New Price Targets

HSTM has been the subject of several recent research reports. William Blair restated an “outperform” rating on shares of HealthStream in a report on Tuesday, February 25th. JMP Securities reiterated a “market perform” rating on shares of HealthStream in a research note on Thursday, February 6th. Finally, Canaccord Genuity Group increased 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 analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $32.00.

HealthStream Price Performance

Shares of HSTM stock opened at $31.37 on Wednesday. The stock has a market cap of $954.71 million, a P/E ratio of 48.26, a P/E/G ratio of 4.37 and a beta of 0.37. The company has a fifty day moving average price of $32.59 and a two-hundred day moving average price of $31.20. HealthStream, Inc. has a one year low of $23.92 and a one year high of $34.24.

HealthStream (NASDAQ:HSTM) last issued its quarterly earnings data on Monday, February 24th. The technology company reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.03. The company had revenue of $74.24 million for the quarter, compared to analyst estimates of $73.55 million. HealthStream had a net margin of 6.84% and a return on equity of 5.67%. During the same period in the prior year, the firm earned $0.14 earnings per share. As a group, equities research analysts anticipate that HealthStream, Inc. will post 0.63 EPS for the current fiscal year.

HealthStream Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Monday, March 10th will be given a $0.031 dividend. The ex-dividend date of this dividend is Monday, March 10th. This is a positive change from HealthStream’s previous quarterly dividend of $0.03. This represents a $0.12 annualized dividend and a dividend yield of 0.40%. HealthStream’s dividend payout ratio is presently 18.18%.

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.