First Eagle Investment Management LLC Trims Position in HealthStream, Inc. (NASDAQ:HSTM)

First Eagle Investment Management LLC trimmed its holdings in HealthStream, Inc. (NASDAQ:HSTM) by 1.2% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 540,398 shares of the technology company’s stock after selling 6,380 shares during the period. First Eagle Investment Management LLC owned 1.78% of HealthStream worth $17,185,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Quarry LP purchased a new stake in shares of HealthStream in the third quarter valued at about $27,000. Vestcor Inc raised its holdings in shares of HealthStream by 35.1% in the third quarter. Vestcor Inc now owns 7,494 shares of the technology company’s stock valued at $216,000 after buying an additional 1,946 shares during the last quarter. Centiva Capital LP purchased a new stake in shares of HealthStream in the third quarter valued at about $260,000. Y Intercept Hong Kong Ltd purchased a new stake in shares of HealthStream in the third quarter valued at about $260,000. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in shares of HealthStream in the third quarter valued at about $269,000. 69.58% of the stock is owned by hedge funds and other institutional investors.

HealthStream Stock Down 3.0 %

NASDAQ HSTM opened at $31.06 on Friday. The stock has a market capitalization of $945.28 million, a P/E ratio of 47.79, a P/E/G ratio of 4.37 and a beta of 0.37. HealthStream, Inc. has a 52-week low of $23.92 and a 52-week high of $34.24. The firm has a 50-day moving average price of $32.65 and a 200 day moving average price of $31.12.

HealthStream (NASDAQ:HSTM) last issued its earnings results on Monday, February 24th. The technology company reported $0.16 earnings per share 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 company had revenue of $74.24 million for the quarter, compared to analyst estimates of $73.55 million. During the same period in the prior year, the business posted $0.14 earnings per share. On average, equities research analysts expect that HealthStream, Inc. will post 0.63 earnings per share for the current fiscal year.

HealthStream Increases Dividend

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

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. William Blair reissued an “outperform” rating on shares of HealthStream in a report on Tuesday, February 25th. Canaccord Genuity Group increased their price target 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 reissued a “market perform” rating on shares of HealthStream in a report on Thursday, February 6th. Two research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $32.00.

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.