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

HealthStream, Inc. (NASDAQ:HSTM) declared a quarterly dividend on Monday, October 21st, Zacks reports. Stockholders of record on Monday, November 4th will be paid a dividend of 0.028 per share by the technology company on Friday, November 15th. This represents a $0.11 dividend on an annualized basis and a dividend yield of 0.37%. The ex-dividend date is Monday, November 4th.

HealthStream has a dividend payout ratio of 17.7% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect HealthStream to earn $0.61 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 18.0%.

HealthStream Stock Performance

Shares of HSTM stock opened at $30.07 on Wednesday. HealthStream has a 52-week low of $21.92 and a 52-week high of $31.15. The stock has a market cap of $914.07 million, a price-to-earnings ratio of 51.84, a PEG ratio of 4.25 and a beta of 0.36. The firm’s 50-day moving average is $28.68 and its 200-day moving average is $27.88.

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, beating the consensus estimate of $0.13 by $0.06. HealthStream had a return on equity of 5.19% and a net margin of 6.26%. The firm had revenue of $73.10 million for the quarter, compared to analyst estimates of $73.53 million. During the same quarter in the prior year, the company earned $0.13 earnings per share. The business’s revenue for the quarter was up 4.0% compared to the same quarter last year. Sell-side analysts predict that HealthStream will post 0.56 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

HSTM has been the subject of several research reports. Barclays raised their price target on HealthStream from $32.00 to $34.00 and gave the company an “overweight” rating in a report on Wednesday. Canaccord Genuity Group raised their target price on shares of HealthStream from $28.00 to $29.00 and gave the stock a “hold” rating in a research note on Wednesday. Craig Hallum upgraded shares of HealthStream to a “strong-buy” rating in a research note on Thursday, October 17th. Finally, StockNews.com downgraded shares of HealthStream from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, July 24th. Two 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 data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $31.50.

Insider Transactions at HealthStream

In related news, Director Tate Deborah Taylor sold 1,400 shares of the company’s stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $28.53, for a total value of $39,942.00. Following the transaction, the director now directly owns 22,326 shares in the company, valued at approximately $636,960.78. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other HealthStream news, SVP Kevin P. O’hara sold 3,000 shares of the firm’s stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of $28.03, for a total transaction of $84,090.00. Following the transaction, the senior vice president now owns 9,527 shares in the company, valued at $267,041.81. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Tate Deborah Taylor sold 1,400 shares of HealthStream stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $28.53, for a total value of $39,942.00. Following the completion of the transaction, the director now directly owns 22,326 shares of the company’s stock, valued at $636,960.78. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 20.60% of the company’s stock.

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.