Woodmont Investment Counsel LLC Makes New Investment in HealthStream, Inc. (NASDAQ:HSTM)

Woodmont Investment Counsel LLC purchased a new stake in HealthStream, Inc. (NASDAQ:HSTM) during the fourth quarter, HoldingsChannel reports. The institutional investor purchased 8,650 shares of the technology company’s stock, valued at approximately $275,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in HSTM. Copeland Capital Management LLC boosted its position in HealthStream by 17,363.4% in the fourth quarter. Copeland Capital Management LLC now owns 379,306 shares of the technology company’s stock valued at $12,062,000 after buying an additional 377,134 shares in the last quarter. Vanguard Group Inc. lifted its stake in shares of HealthStream by 3.1% in the 4th quarter. Vanguard Group Inc. now owns 3,055,060 shares of the technology company’s stock valued at $97,151,000 after acquiring an additional 92,067 shares during the last quarter. Polar Asset Management Partners Inc. acquired a new stake in shares of HealthStream during the 3rd quarter valued at $1,635,000. Teacher Retirement System of Texas grew its position in HealthStream by 128.1% during the 4th quarter. Teacher Retirement System of Texas now owns 79,364 shares of the technology company’s stock worth $2,524,000 after acquiring an additional 44,571 shares during the last quarter. Finally, Annex Advisory Services LLC acquired a new position in HealthStream in the 4th quarter worth about $1,149,000. 69.58% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. William Blair restated an “outperform” rating on shares of HealthStream in a report on Tuesday, February 25th. Canaccord Genuity Group boosted their target price on shares of HealthStream from $29.00 to $30.00 and gave the stock a “hold” rating in a report on Wednesday, February 26th. Finally, JMP Securities reaffirmed a “market perform” rating on shares of HealthStream in a research note on Thursday, February 6th. Two analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $32.00.

HealthStream Price Performance

Shares of HSTM stock opened at $32.03 on Tuesday. The stock has a market capitalization of $974.80 million, a PE ratio of 49.28, a PEG ratio of 4.37 and a beta of 0.37. The business’s 50 day simple moving average is $32.58 and its 200 day simple moving average is $31.28. 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 results on Monday, February 24th. The technology company reported $0.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.13 by $0.03. HealthStream had a net margin of 6.84% and a return on equity of 5.67%. The firm had revenue of $74.24 million for the quarter, compared to the consensus estimate of $73.55 million. During the same quarter in the previous year, the company earned $0.14 EPS. As a group, research analysts expect that HealthStream, Inc. will post 0.63 earnings per share for the current year.

HealthStream Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Monday, March 10th were issued a dividend of $0.031 per share. This is an increase from HealthStream’s previous quarterly dividend of $0.03. This represents a $0.12 dividend on an annualized basis and a yield of 0.39%. The ex-dividend date of this dividend was Monday, March 10th. HealthStream’s dividend payout ratio (DPR) is presently 18.18%.

HealthStream Company 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.