HealthStream, Inc. (NASDAQ:HSTM) Increases Dividend to $0.03 Per Share

HealthStream, Inc. (NASDAQ:HSTM) declared a quarterly dividend on Tuesday, February 25th, Wall Street Journal reports. Investors of record on Monday, March 10th will be paid a dividend of 0.031 per share by the technology company on Friday, March 21st. This represents a $0.12 annualized dividend and a yield of 0.38%. The ex-dividend date of this dividend is Monday, March 10th. This is an increase from HealthStream’s previous quarterly dividend of $0.03.

HealthStream has a dividend payout ratio of 14.9% meaning its dividend is sufficiently covered by earnings. Equities analysts expect HealthStream to earn $0.64 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 17.2%.

HealthStream Trading Up 0.5 %

HealthStream stock traded up $0.15 during trading on Wednesday, hitting $32.52. The company had a trading volume of 11,622 shares, compared to its average volume of 117,671. HealthStream has a 1-year low of $23.92 and a 1-year high of $34.24. The company’s 50 day simple moving average is $32.40 and its 200-day simple moving average is $30.77. The stock has a market cap of $989.10 million, a price-to-earnings ratio of 50.19, a price-to-earnings-growth ratio of 4.37 and a beta of 0.39.

HealthStream (NASDAQ:HSTM) last released its earnings results on Monday, February 24th. The technology company reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.03. HealthStream had a return on equity of 5.67% and a net margin of 6.84%. The company had revenue of $74.24 million during the quarter, compared to the consensus estimate of $73.55 million. During the same period in the previous year, the company posted $0.14 EPS. As a group, analysts forecast that HealthStream will post 0.63 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have commented on HSTM. JMP Securities restated a “market perform” rating on shares of HealthStream in a research note on Thursday, February 6th. William Blair reiterated an “outperform” rating on shares of HealthStream in a research note on Tuesday. Two equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus 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.