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

Meeder Asset Management Inc. bought a new stake in HealthStream, Inc. (NASDAQ:HSTM) during the 4th quarter, Holdings Channel reports. The firm bought 3,599 shares of the technology company’s stock, valued at approximately $114,000.

A number of other large investors also recently made changes to their positions in the company. Quarry LP bought a new position in HealthStream during the third quarter worth about $27,000. New Age Alpha Advisors LLC bought a new position in shares of HealthStream during the fourth quarter worth approximately $80,000. Lee Danner & Bass Inc. acquired a new stake in shares of HealthStream in the fourth quarter valued at approximately $183,000. Vestcor Inc boosted its stake 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 period. Finally, Woodmont Investment Counsel LLC acquired a new stake in HealthStream during the fourth quarter worth approximately $275,000. Institutional investors own 69.58% of the company’s stock.

HealthStream Trading Up 0.3 %

HSTM stock opened at $32.28 on Wednesday. HealthStream, Inc. has a 12 month low of $23.92 and a 12 month high of $34.24. The stock has a market capitalization of $982.41 million, a P/E ratio of 49.66, a price-to-earnings-growth ratio of 4.37 and a beta of 0.37. The firm has a 50-day moving average price of $32.61 and a 200-day moving average price of $31.44.

HealthStream (NASDAQ:HSTM) last announced its quarterly earnings results on Monday, February 24th. The technology company reported $0.16 EPS for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $73.55 million. During the same period in the prior year, the company earned $0.14 EPS. As a group, equities analysts predict that HealthStream, Inc. will post 0.63 EPS for the current fiscal year.

HealthStream Increases Dividend

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

Analyst Ratings Changes

Several brokerages have weighed in on HSTM. JMP Securities reaffirmed a “market perform” rating on shares of HealthStream in a report on Thursday, February 6th. Canaccord Genuity Group upped their price objective on shares of HealthStream from $29.00 to $30.00 and gave the stock a “hold” rating in a research report on Wednesday, February 26th. Finally, William Blair reissued an “outperform” rating on shares of HealthStream in a report on Tuesday, February 25th. Two investment 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’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price 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.