Meeder Asset Management Inc. Makes New $114,000 Investment in HealthStream, Inc. (NASDAQ:HSTM)

Meeder Asset Management Inc. purchased a new position in HealthStream, Inc. (NASDAQ:HSTM) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 3,599 shares of the technology company’s stock, valued at approximately $114,000.

Other hedge funds also recently modified their holdings of the company. Rhumbline Advisers increased its stake in HealthStream by 0.6% during the 4th quarter. Rhumbline Advisers now owns 74,468 shares of the technology company’s stock worth $2,368,000 after purchasing an additional 412 shares in the last quarter. Bridge City Capital LLC increased its position in shares of HealthStream by 0.9% during the fourth quarter. Bridge City Capital LLC now owns 59,254 shares of the technology company’s stock worth $1,884,000 after acquiring an additional 535 shares in the last quarter. Sanctuary Advisors LLC raised its holdings in shares of HealthStream by 4.8% during the fourth quarter. Sanctuary Advisors LLC now owns 15,445 shares of the technology company’s stock worth $507,000 after acquiring an additional 708 shares during the period. Quarry LP bought a new stake in HealthStream in the 3rd quarter valued at $27,000. Finally, Diversified Trust Co boosted its stake in HealthStream by 20.5% in the 4th quarter. Diversified Trust Co now owns 8,733 shares of the technology company’s stock worth $278,000 after purchasing an additional 1,486 shares during the period. Institutional investors and hedge funds own 69.58% of the company’s stock.

HealthStream Trading Up 0.3 %

NASDAQ HSTM opened at $32.28 on Wednesday. The company has a market cap of $982.41 million, a PE ratio of 49.66, a PEG ratio of 4.37 and a beta of 0.37. HealthStream, Inc. has a 12 month low of $23.92 and a 12 month high of $34.24. The stock has a 50 day moving average of $32.61 and a 200-day moving average of $31.44.

HealthStream (NASDAQ:HSTM) last announced its quarterly earnings data on Monday, February 24th. The technology company reported $0.16 EPS for the quarter, beating analysts’ consensus estimates of $0.13 by $0.03. The company had revenue of $74.24 million during the quarter, compared to the consensus estimate of $73.55 million. HealthStream had a net margin of 6.84% and a return on equity of 5.67%. During the same quarter last year, the firm posted $0.14 EPS. As a group, sell-side analysts predict that HealthStream, Inc. will post 0.63 EPS for the current fiscal year.

HealthStream Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Monday, March 10th were paid a $0.031 dividend. This is a positive change from HealthStream’s previous quarterly dividend of $0.03. The ex-dividend date of this dividend was Monday, March 10th. This represents a $0.12 annualized dividend and a yield of 0.38%. HealthStream’s dividend payout ratio is currently 18.18%.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Canaccord Genuity Group boosted their price target on HealthStream from $29.00 to $30.00 and gave the company a “hold” rating in a report on Wednesday, February 26th. William Blair reaffirmed an “outperform” rating on shares of HealthStream in a research report on Tuesday, February 25th. Finally, JMP Securities reaffirmed a “market perform” rating on shares of HealthStream in a research note on Thursday, February 6th. Two research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently 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.