19,284 Shares in HealthStream, Inc. (NASDAQ:HSTM) Bought by Universal Beteiligungs und Servicegesellschaft mbH

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH has acquired a stake in HealthStream, Inc., purchasing 19,284 shares valued at approximately $621,000 during the first quarter.
• HealthStream reported earnings per share (EPS) of $0.14, missing the consensus estimate of $0.16, and company revenues were $73.49 million, below analyst expectations.
• The company announced a quarterly dividend of $0.031 per share and a stock buyback plan allowing for repurchase of up to $25 million in shares, signaling confidence in its valuation.

Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of HealthStream, Inc. (NASDAQ:HSTM - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 19,284 shares of the technology company's stock, valued at approximately $621,000. Universal Beteiligungs und Servicegesellschaft mbH owned 0.06% of HealthStream at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. MQS Management LLC purchased a new stake in shares of HealthStream in the first quarter valued at approximately $364,000. Envestnet Asset Management Inc. raised its holdings in shares of HealthStream by 186.3% in the first quarter. Envestnet Asset Management Inc. now owns 125,457 shares of the technology company's stock valued at $4,037,000 after acquiring an additional 81,644 shares in the last quarter. Principal Financial Group Inc. lifted its stake in HealthStream by 2.5% in the first quarter. Principal Financial Group Inc. now owns 129,830 shares of the technology company's stock worth $4,178,000 after acquiring an additional 3,157 shares during the period. Teacher Retirement System of Texas lifted its stake in HealthStream by 51.2% in the first quarter. Teacher Retirement System of Texas now owns 119,963 shares of the technology company's stock worth $3,860,000 after acquiring an additional 40,599 shares during the period. Finally, First Horizon Advisors Inc. grew its holdings in HealthStream by 99.6% during the 1st quarter. First Horizon Advisors Inc. now owns 1,056 shares of the technology company's stock worth $34,000 after acquiring an additional 527 shares in the last quarter. 69.58% of the stock is owned by institutional investors.

HealthStream Stock Performance

HSTM stock traded up $0.06 during trading on Wednesday, reaching $25.80. The company had a trading volume of 88,613 shares, compared to its average volume of 178,382. HealthStream, Inc. has a twelve month low of $25.36 and a twelve month high of $34.24. The company has a market cap of $787.26 million, a price-to-earnings ratio of 38.52, a price-to-earnings-growth ratio of 3.37 and a beta of 0.43. The firm has a 50-day simple moving average of $27.28 and a 200-day simple moving average of $30.16.

HealthStream (NASDAQ:HSTM - Get Free Report) last posted its quarterly earnings results on Monday, August 4th. The technology company reported $0.18 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.02. HealthStream had a return on equity of 5.66% and a net margin of 6.89%. The business had revenue of $74.40 million for the quarter, compared to the consensus estimate of $74.39 million. Sell-side analysts expect that HealthStream, Inc. will post 0.63 earnings per share for the current year.

HealthStream announced that its Board of Directors has initiated a share buyback program on Thursday, May 8th that permits the company to buyback $25.00 million in outstanding shares. This buyback authorization permits the technology company to repurchase up to 3% of its shares through open market purchases. Shares buyback programs are usually a sign that the company's board believes its stock is undervalued.

HealthStream Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, August 29th. Stockholders of record on Monday, August 18th will be paid a $0.031 dividend. The ex-dividend date is Monday, August 18th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.5%. HealthStream's dividend payout ratio is presently 19.05%.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group reduced their price objective on shares of HealthStream from $30.00 to $29.00 and set a "hold" rating for the company in a research note on Thursday, May 15th. Two research analysts have 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 data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $31.50.

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.