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

HealthStream, Inc. (NASDAQ:HSTM) declared a quarterly dividend on Monday, April 22nd, Zacks reports. Shareholders of record on Monday, May 6th will be given a dividend of 0.028 per share by the technology company on Friday, May 17th. This represents a $0.11 annualized dividend and a yield of 0.43%. The ex-dividend date is Friday, May 3rd.

HealthStream has a dividend payout ratio of 18.3% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect HealthStream to earn $0.60 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 18.3%.

HealthStream Stock Performance

HSTM opened at $26.07 on Thursday. The stock has a 50-day moving average of $25.98 and a 200-day moving average of $26.00. HealthStream has a 52-week low of $20.47 and a 52-week high of $29.12. The company has a market cap of $792.53 million, a PE ratio of 44.95, a price-to-earnings-growth ratio of 3.98 and a beta of 0.38.

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, topping analysts’ consensus estimates of $0.10 by $0.07. HealthStream had a return on equity of 5.21% and a net margin of 6.30%. The firm had revenue of $72.80 million during the quarter, compared to analysts’ expectations of $71.88 million. During the same quarter in the prior year, the business earned $0.12 earnings per share. The company’s revenue was up 5.7% on a year-over-year basis. On average, research analysts predict that HealthStream will post 0.54 earnings per share for the current year.

Insider Buying and Selling

In other news, SVP Scott Fenstermacher sold 1,000 shares of the business’s stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $26.19, for a total transaction of $26,190.00. Following the transaction, the senior vice president now owns 13,008 shares in the company, valued at approximately $340,679.52. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related 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 completion of the transaction, 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 filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Scott Fenstermacher sold 1,000 shares of the firm’s stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $26.19, for a total value of $26,190.00. Following the completion of the transaction, the senior vice president now directly owns 13,008 shares of the company’s stock, valued at $340,679.52. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 23,000 shares of company stock valued at $619,320. 20.60% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Barclays started coverage on shares of HealthStream in a research note on Wednesday, January 3rd. They issued an “overweight” rating and a $32.00 target price on the stock. William Blair reaffirmed an “outperform” rating on shares of HealthStream in a research report on Tuesday, February 20th. Finally, StockNews.com cut HealthStream from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, April 24th. One investment analyst has rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, HealthStream currently has a consensus 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.