California Public Employees Retirement System cut its stake in HealthStream, Inc. (NASDAQ:HSTM) by 7.8% during the first quarter, Holdings Channel reports. The firm owned 58,200 shares of the technology company’s stock after selling 4,900 shares during the period. California Public Employees Retirement System’s holdings in HealthStream were worth $1,410,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of HSTM. Mason Street Advisors LLC boosted its stake in shares of HealthStream by 7.1% in the first quarter. Mason Street Advisors LLC now owns 5,944 shares of the technology company’s stock valued at $144,000 after buying an additional 395 shares during the period. Wrapmanager Inc. acquired a new stake in shares of HealthStream during the first quarter valued at $203,000. Louisiana State Employees Retirement System boosted its stake in shares of HealthStream by 2.0% in the first quarter. Louisiana State Employees Retirement System now owns 10,400 shares of the technology company’s stock valued at $252,000 after buying an additional 200 shares during the period. OLD National Bancorp IN boosted its stake in shares of HealthStream by 3.8% in the first quarter. OLD National Bancorp IN now owns 11,966 shares of the technology company’s stock valued at $290,000 after buying an additional 437 shares during the period. Finally, Arizona State Retirement System boosted its stake in shares of HealthStream by 1.5% in the first quarter. Arizona State Retirement System now owns 13,264 shares of the technology company’s stock valued at $321,000 after buying an additional 200 shares during the period. Institutional investors and hedge funds own 76.83% of the company’s stock.

HealthStream, Inc. (NASDAQ HSTM) opened at 23.26 on Monday. The firm has a market capitalization of $741.67 million, a PE ratio of 167.34 and a beta of 0.98. The stock has a 50 day moving average of $26.26 and a 200 day moving average of $25.37. HealthStream, Inc. has a 12 month low of $20.60 and a 12 month high of $31.53.

HealthStream (NASDAQ:HSTM) last released its quarterly earnings data on Monday, July 24th. The technology company reported $0.08 EPS for the quarter, beating analysts’ consensus estimates of $0.04 by $0.04. HealthStream had a net margin of 1.85% and a return on equity of 2.27%. The company had revenue of $61.48 million during the quarter, compared to analyst estimates of $61.36 million. During the same period last year, the business earned $0.04 earnings per share. HealthStream’s revenue was up 12.2% compared to the same quarter last year. On average, equities analysts predict that HealthStream, Inc. will post $0.22 earnings per share for the current fiscal year.

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Several analysts have weighed in on HSTM shares. Craig Hallum upgraded shares of HealthStream from a “hold” rating to a “buy” rating in a research note on Tuesday, April 25th. Robert W. Baird set a $31.00 target price on shares of HealthStream and gave the company a “buy” rating in a research report on Tuesday, April 25th. Needham & Company LLC boosted their target price on shares of HealthStream from $28.00 to $32.00 and gave the company a “buy” rating in a research report on Wednesday, April 26th. Zacks Investment Research upgraded shares of HealthStream from a “hold” rating to a “buy” rating and set a $29.00 target price for the company in a research report on Tuesday, June 27th. Finally, First Analysis upgraded shares of HealthStream from an “underweight” rating to an “equal weight” rating and set a $19.00 target price for the company in a research report on Wednesday, July 26th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $26.43.

HealthStream Company Profile

HealthStream, Inc (HealthStream) provides workforce, patient experience and provider solutions for healthcare organizations. The Company operates in three segments: HealthStream Workforce Solutions, HealthStream Patient Experience Solutions and HealthStream Provider Solutions. HealthStream’s products and services are organized into three segments: Workforce Solutions, Patient Experience Solutions, and Provider Solutions.

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Institutional Ownership by Quarter for HealthStream (NASDAQ:HSTM)

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