HealthStream, Inc. (NASDAQ:HSTM) Plans Quarterly Dividend of $0.03

HealthStream, Inc. (NASDAQ:HSTM) announced a quarterly dividend on Tuesday, February 25th, Wall Street Journal reports. Investors of record on Monday, March 10th will be paid a dividend of 0.031 per share by the technology company on Friday, March 21st. This represents a $0.12 dividend on an annualized basis and a yield of 0.38%. The ex-dividend date is Monday, March 10th. This is a positive change from HealthStream’s previous quarterly dividend of $0.03.

HealthStream has a payout ratio of 14.9% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect HealthStream to earn $0.64 per share next year, which means the company should continue to be able to cover its $0.11 annual dividend with an expected future payout ratio of 17.2%.

HealthStream Stock Performance

HSTM stock traded up $0.06 during mid-day trading on Tuesday, reaching $32.41. 207,497 shares of the stock traded hands, compared to its average volume of 120,817. The business has a 50-day moving average price of $32.39 and a two-hundred day moving average price of $30.74. The stock has a market capitalization of $985.75 million, a PE ratio of 49.86, a PEG ratio of 4.37 and a beta of 0.39. HealthStream has a one year low of $23.92 and a one year high of $34.24.

HealthStream (NASDAQ:HSTM) last announced its quarterly earnings data on Monday, February 24th. The technology company reported $0.16 earnings per share (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 during the quarter, compared to the consensus estimate of $73.55 million. During the same quarter last year, the firm earned $0.14 earnings per share. On average, equities analysts expect that HealthStream will post 0.63 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts have recently issued reports on HSTM shares. JMP Securities reissued a “market perform” rating on shares of HealthStream in a research note on Thursday, February 6th. William Blair reissued an “outperform” rating on shares of HealthStream in a research report on Tuesday. Two equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target 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.