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

HealthStream, Inc. (NASDAQ:HSTM) announced a quarterly dividend on Tuesday, February 25th, Wall Street Journal reports. Shareholders of record on Monday, March 10th will be given a dividend of 0.031 per share by the technology company on Friday, March 21st. This represents a $0.12 annualized dividend and a dividend yield of 0.38%. The ex-dividend date is Monday, March 10th. This is a positive change 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 research 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 Stock Up 0.5 %

Shares of NASDAQ:HSTM traded up $0.15 during trading on Wednesday, reaching $32.52. The stock had a trading volume of 11,622 shares, compared to its average volume of 117,671. HealthStream has a fifty-two week low of $23.92 and a fifty-two week high of $34.24. The business has a fifty day moving average price of $32.40 and a 200-day moving average price of $30.77. The stock has a market cap of $989.10 million, a P/E ratio of 50.19, a PEG ratio of 4.37 and a beta of 0.39.

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

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on HSTM. William Blair reiterated an “outperform” rating on shares of HealthStream in a report on Tuesday. JMP Securities reaffirmed a “market perform” rating on shares of HealthStream in a research note on Thursday, February 6th. Two equities 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 stock. According to MarketBeat.com, HealthStream has an average rating of “Moderate Buy” and an average target price of $31.50.

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.