Mirae Asset Global Investments Co. Ltd. Purchases 27,274 Shares of HealthStream, Inc. (NASDAQ:HSTM)

Mirae Asset Global Investments Co. Ltd. lifted its position in HealthStream, Inc. (NASDAQ:HSTM) by 9.8% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 306,338 shares of the technology company’s stock after buying an additional 27,274 shares during the quarter. Mirae Asset Global Investments Co. Ltd. owned about 1.01% of HealthStream worth $8,280,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Exchange Traded Concepts LLC lifted its holdings in HealthStream by 0.8% in the 4th quarter. Exchange Traded Concepts LLC now owns 58,816 shares of the technology company’s stock worth $1,590,000 after purchasing an additional 463 shares during the last quarter. PNC Financial Services Group Inc. lifted its holdings in HealthStream by 46.0% in the 2nd quarter. PNC Financial Services Group Inc. now owns 1,893 shares of the technology company’s stock worth $46,000 after purchasing an additional 596 shares during the last quarter. Lazard Asset Management LLC lifted its holdings in HealthStream by 13.1% in the 2nd quarter. Lazard Asset Management LLC now owns 5,482 shares of the technology company’s stock worth $134,000 after purchasing an additional 633 shares during the last quarter. Royal Bank of Canada lifted its holdings in HealthStream by 25.6% in the 2nd quarter. Royal Bank of Canada now owns 3,340 shares of the technology company’s stock worth $82,000 after purchasing an additional 680 shares during the last quarter. Finally, Swiss National Bank lifted its holdings in HealthStream by 1.3% in the 2nd quarter. Swiss National Bank now owns 53,500 shares of the technology company’s stock worth $1,314,000 after purchasing an additional 700 shares during the last quarter. Institutional investors own 69.58% of the company’s stock.

Insider Activity

In other news, EVP Michael Sousa sold 15,000 shares of the business’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $27.25, for a total transaction of $408,750.00. Following the sale, the executive vice president now directly owns 42,525 shares in the company, valued at $1,158,806.25. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other HealthStream news, EVP Michael Sousa sold 15,000 shares of the company’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of $27.25, for a total value of $408,750.00. Following the sale, the executive vice president now directly owns 42,525 shares in the company, valued at $1,158,806.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Trisha L. Coady sold 7,000 shares of the company’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $26.34, for a total value of $184,380.00. Following the completion of the sale, the senior vice president now owns 14,693 shares in the company, valued at $387,013.62. The disclosure for this sale can be found here. 21.30% of the stock is currently owned by company insiders.

Analyst Ratings Changes

HSTM has been the subject of a number of research analyst reports. William Blair reiterated an “outperform” rating on shares of HealthStream in a report on Tuesday, February 20th. StockNews.com upgraded HealthStream from a “buy” rating to a “strong-buy” rating in a report on Thursday. Finally, Barclays initiated coverage on HealthStream in a report on Wednesday, January 3rd. They set an “overweight” rating and a $32.00 price target for the company. One research analyst has rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Buy” and an average price target of $32.00.

HealthStream Stock Down 0.5 %

Shares of HSTM stock opened at $24.76 on Friday. HealthStream, Inc. has a 12 month low of $20.47 and a 12 month high of $29.12. The firm has a market cap of $750.23 million, a PE ratio of 49.52, a price-to-earnings-growth ratio of 4.07 and a beta of 0.36. The stock has a 50 day moving average of $26.45 and a 200-day moving average of $25.71.

HealthStream (NASDAQ:HSTM) last released its quarterly earnings data on Monday, February 19th. The technology company reported $0.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.08 by $0.07. The business had revenue of $70.58 million for the quarter, compared to analysts’ expectations of $71.83 million. HealthStream had a return on equity of 4.71% and a net margin of 5.45%. During the same period in the previous year, the business posted $0.08 earnings per share. As a group, equities analysts predict that HealthStream, Inc. will post 0.51 EPS for the current fiscal year.

HealthStream Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Monday, March 11th were given a dividend of $0.028 per share. The ex-dividend date of this dividend was Friday, March 8th. This is a boost from HealthStream’s previous quarterly dividend of $0.03. This represents a $0.11 dividend on an annualized basis and a dividend yield of 0.45%. HealthStream’s payout ratio is currently 22.00%.

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.