Universal Beteiligungs und Servicegesellschaft mbH Makes New $621,000 Investment in HealthStream, Inc. (NASDAQ:HSTM)

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 acquired a new position in HealthStream, Inc. (NASDAQ:HSTM - Free Report) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 19,284 shares of the technology company's stock, valued at approximately $621,000. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.06% of HealthStream as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in HSTM. Franklin Resources Inc. increased its holdings in shares of HealthStream by 0.9% in the fourth quarter. Franklin Resources Inc. now owns 44,672 shares of the technology company's stock worth $1,421,000 after buying an additional 413 shares during the period. Diversified Trust Co increased its holdings in shares of HealthStream by 5.0% in the first quarter. Diversified Trust Co now owns 9,174 shares of the technology company's stock worth $295,000 after buying an additional 441 shares during the period. Sterling Capital Management LLC increased its holdings in shares of HealthStream by 3.0% in the fourth quarter. Sterling Capital Management LLC now owns 15,814 shares of the technology company's stock worth $503,000 after buying an additional 459 shares during the period. GAMMA Investing LLC increased its holdings in shares of HealthStream by 30.8% in the first quarter. GAMMA Investing LLC now owns 2,082 shares of the technology company's stock worth $67,000 after buying an additional 490 shares during the period. Finally, First Horizon Advisors Inc. increased its holdings in shares of HealthStream by 99.6% in the first quarter. First Horizon Advisors Inc. now owns 1,056 shares of the technology company's stock worth $34,000 after buying an additional 527 shares during the period. Hedge funds and other institutional investors own 69.58% of the company's stock.

HealthStream Price Performance

NASDAQ:HSTM traded up $0.40 during trading hours on Monday, hitting $26.05. The company had a trading volume of 247,546 shares, compared to its average volume of 178,018. The stock has a 50-day moving average price of $27.35 and a 200 day moving average price of $30.23. The company has a market capitalization of $795.05 million, a PE ratio of 41.35, a price-to-earnings-growth ratio of 3.31 and a beta of 0.43. HealthStream, Inc. has a 52 week low of $25.36 and a 52 week high of $34.24.

HealthStream (NASDAQ:HSTM - Get Free Report) last issued its quarterly earnings data on Monday, August 4th. The technology company reported $0.18 EPS for the quarter, topping the consensus estimate of $0.16 by $0.02. HealthStream had a net margin of 6.54% and a return on equity of 5.36%. Analysts anticipate that HealthStream, Inc. will post 0.63 EPS for the current fiscal year.

HealthStream declared that its board has authorized a share repurchase 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 buy up to 3% of its stock through open market purchases. Stock buyback programs are often a sign that the company's board believes its shares are undervalued.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group decreased their price objective on HealthStream from $30.00 to $29.00 and set a "hold" rating on the stock in a report on Thursday, May 15th. Two investment 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's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $31.50.

About HealthStream

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.