Martingale Asset Management L P Buys 1,532 Shares of HealthStream, Inc. (NASDAQ:HSTM)

Martingale Asset Management L P raised its position in HealthStream, Inc. (NASDAQ:HSTM) by 2.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 57,680 shares of the technology company’s stock after buying an additional 1,532 shares during the quarter. Martingale Asset Management L P owned about 0.19% of HealthStream worth $1,663,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of HSTM. Vanguard Group Inc. increased its stake in HealthStream by 1.1% in the first quarter. Vanguard Group Inc. now owns 2,938,685 shares of the technology company’s stock valued at $78,345,000 after acquiring an additional 31,943 shares during the last quarter. Deerfield Management Company L.P. Series C bought a new position in shares of HealthStream in the 2nd quarter valued at $626,000. Assenagon Asset Management S.A. increased its stake in shares of HealthStream by 58.6% in the 2nd quarter. Assenagon Asset Management S.A. now owns 146,826 shares of the technology company’s stock valued at $4,096,000 after purchasing an additional 54,227 shares during the last quarter. Harbor Capital Advisors Inc. increased its stake in shares of HealthStream by 141.2% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 400,033 shares of the technology company’s stock valued at $11,537,000 after purchasing an additional 234,148 shares during the last quarter. Finally, First Eagle Investment Management LLC grew its position in HealthStream by 7.1% in the second quarter. First Eagle Investment Management LLC now owns 530,178 shares of the technology company’s stock valued at $14,792,000 after acquiring an additional 35,350 shares during the last quarter. 69.58% of the stock is owned by institutional investors.

HealthStream Price Performance

Shares of NASDAQ HSTM opened at $33.10 on Monday. The company has a 50 day simple moving average of $30.08 and a 200 day simple moving average of $28.90. HealthStream, Inc. has a 1 year low of $23.92 and a 1 year high of $33.52. The firm has a market cap of $1.01 billion, a PE ratio of 50.92, a price-to-earnings-growth ratio of 4.40 and a beta of 0.35.

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

HealthStream Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Monday, November 4th were paid a $0.028 dividend. The ex-dividend date was Monday, November 4th. This represents a $0.11 annualized dividend and a dividend yield of 0.34%. HealthStream’s payout ratio is 16.92%.

Wall Street Analyst Weigh In

A number of research firms have issued reports on HSTM. Craig Hallum upgraded HealthStream to a “strong-buy” rating in a research report on Thursday, October 17th. Canaccord Genuity Group increased their price objective on shares of HealthStream from $28.00 to $29.00 and gave the company a “hold” rating in a research note on Wednesday, October 23rd. Finally, Barclays boosted their target price on shares of HealthStream from $32.00 to $34.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 23rd. 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’s stock. According to MarketBeat.com, HealthStream presently has an average rating of “Moderate Buy” and an average target price of $31.50.

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.