HealthStream, Inc. (NASDAQ:HSTM) Shares Sold by Connors Investor Services Inc.

Connors Investor Services Inc. trimmed its position in HealthStream, Inc. (NASDAQ:HSTM) by 14.0% in the first quarter, Holdings Channel.com reports. The fund owned 115,255 shares of the technology company’s stock after selling 18,771 shares during the period. Connors Investor Services Inc.’s holdings in HealthStream were worth $3,073,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in HSTM. Illinois Municipal Retirement Fund raised its stake in HealthStream by 3.7% during the fourth quarter. Illinois Municipal Retirement Fund now owns 13,658 shares of the technology company’s stock worth $369,000 after acquiring an additional 493 shares during the period. Parallel Advisors LLC lifted its holdings in shares of HealthStream by 79.4% in the 4th quarter. Parallel Advisors LLC now owns 1,132 shares of the technology company’s stock worth $31,000 after purchasing an additional 501 shares during the last quarter. New York State Common Retirement Fund boosted its position in HealthStream by 11.6% during the 4th quarter. New York State Common Retirement Fund now owns 9,214 shares of the technology company’s stock valued at $249,000 after purchasing an additional 955 shares during the period. State Board of Administration of Florida Retirement System grew its stake in HealthStream by 1.5% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 78,749 shares of the technology company’s stock worth $2,134,000 after buying an additional 1,131 shares during the last quarter. Finally, New York State Teachers Retirement System increased its position in HealthStream by 16.1% in the fourth quarter. New York State Teachers Retirement System now owns 16,166 shares of the technology company’s stock worth $437,000 after buying an additional 2,239 shares during the period. 69.58% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of HealthStream from a “buy” rating to a “strong-buy” rating in a research report on Saturday, July 6th. One research analyst has rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $32.00.

Insider Activity

In related news, SVP Scott Fenstermacher sold 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $26.19, for a total transaction of $26,190.00. Following the completion of the sale, the senior vice president now directly owns 13,008 shares in the company, valued at $340,679.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 20.60% of the company’s stock.

HealthStream Stock Performance

Shares of NASDAQ:HSTM traded up $0.04 on Friday, hitting $30.38. The company’s stock had a trading volume of 107,668 shares, compared to its average volume of 127,241. The company has a market capitalization of $923.55 million, a price-to-earnings ratio of 52.38, a price-to-earnings-growth ratio of 4.69 and a beta of 0.38. HealthStream, Inc. has a 12 month low of $20.47 and a 12 month high of $31.15. The stock’s 50-day moving average is $27.85 and its two-hundred day moving average is $26.92.

HealthStream (NASDAQ:HSTM) last announced its earnings results on Monday, April 22nd. The technology company reported $0.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.10 by $0.07. HealthStream had a net margin of 6.30% and a return on equity of 5.21%. The firm had revenue of $72.80 million during the quarter, compared to analyst estimates of $71.88 million. During the same quarter in the prior year, the firm posted $0.12 EPS. HealthStream’s revenue was up 5.7% compared to the same quarter last year. Equities analysts expect that HealthStream, Inc. will post 0.54 earnings per share for the current fiscal year.

HealthStream Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 17th. Stockholders of record on Monday, May 6th were given a dividend of $0.028 per share. The ex-dividend date was Friday, May 3rd. This represents a $0.11 annualized dividend and a dividend yield of 0.37%. HealthStream’s dividend payout ratio (DPR) is 18.97%.

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.