Y Intercept Hong Kong Ltd Acquires Shares of 9,026 HealthStream, Inc. (NASDAQ:HSTM)

Y Intercept Hong Kong Ltd acquired a new stake in HealthStream, Inc. (NASDAQ:HSTM) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 9,026 shares of the technology company’s stock, valued at approximately $260,000.

Other institutional investors have also recently bought and sold shares of the company. Quarry LP bought a new stake in HealthStream in the 3rd quarter valued at about $27,000. Point72 DIFC Ltd bought a new stake in HealthStream in the 2nd quarter valued at about $38,000. GAMMA Investing LLC raised its position in shares of HealthStream by 36.0% in the 3rd quarter. GAMMA Investing LLC now owns 1,355 shares of the technology company’s stock valued at $39,000 after buying an additional 359 shares in the last quarter. Copeland Capital Management LLC acquired a new position in shares of HealthStream in the 3rd quarter valued at approximately $63,000. Finally, CWM LLC raised its position in shares of HealthStream by 64.2% in the 3rd quarter. CWM LLC now owns 4,448 shares of the technology company’s stock valued at $128,000 after buying an additional 1,739 shares in the last quarter. Institutional investors own 69.58% of the company’s stock.

Wall Street Analysts Forecast Growth

HSTM has been the subject of several analyst reports. 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. Craig Hallum upgraded shares of HealthStream to a “strong-buy” rating in a research report on Thursday, October 17th. Finally, Barclays boosted their target price on shares of HealthStream from $32.00 to $34.00 and gave the company an “overweight” rating in a research report on Wednesday, October 23rd. One investment analyst has rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, HealthStream presently has a consensus rating of “Buy” and a consensus target price of $31.50.

HealthStream Price Performance

HSTM stock opened at $31.16 on Thursday. The company has a 50 day simple moving average of $30.98 and a 200 day simple moving average of $29.36. The stock has a market cap of $947.73 million, a price-to-earnings ratio of 47.94, a P/E/G ratio of 4.36 and a beta of 0.38. HealthStream, Inc. has a 1 year low of $23.92 and a 1 year high of $33.52.

HealthStream (NASDAQ:HSTM) last released its quarterly earnings data on Monday, October 21st. The technology company reported $0.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.13 by $0.06. The business had revenue of $73.10 million during 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 quarterly revenue was up 4.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.13 EPS. On average, equities research analysts anticipate that HealthStream, Inc. will post 0.63 EPS for the current fiscal year.

HealthStream Dividend Announcement

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

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.