HealthStream, Inc. $HSTM Stock Holdings Cut by Acadian Asset Management LLC

Key Points

• Acadian Asset Management LLC has reduced its stake in HealthStream, Inc. by 10.1%, selling 81,169 shares, which leaves it with approximately 725,339 shares valued at $23.3 million.
• HealthStream recently declared a quarterly dividend of $0.031 per share, with an annualized yield of 0.4% and a dividend payout ratio of 17.91%.
• Analysts have lowered HealthStream's price target from $29.00 to $28.00, with mixed ratings ranging from "Strong Buy" to "Hold" affecting the company's average rating of "Moderate Buy".

Acadian Asset Management LLC cut its position in shares of HealthStream, Inc. (NASDAQ:HSTM - Free Report) by 10.1% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 725,339 shares of the technology company's stock after selling 81,169 shares during the quarter. Acadian Asset Management LLC owned about 2.38% of HealthStream worth $23,324,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in HSTM. Northern Trust Corp increased its stake in HealthStream by 13.4% during the fourth quarter. Northern Trust Corp now owns 306,440 shares of the technology company's stock worth $9,745,000 after acquiring an additional 36,239 shares during the last quarter. Comerica Bank boosted its position in shares of HealthStream by 7.1% in the fourth quarter. Comerica Bank now owns 9,373 shares of the technology company's stock worth $298,000 after buying an additional 618 shares during the period. Bank of America Corp DE boosted its position in shares of HealthStream by 12.1% in the fourth quarter. Bank of America Corp DE now owns 49,261 shares of the technology company's stock worth $1,566,000 after buying an additional 5,330 shares during the period. Deutsche Bank AG boosted its position in shares of HealthStream by 50.1% in the fourth quarter. Deutsche Bank AG now owns 25,888 shares of the technology company's stock worth $823,000 after buying an additional 8,646 shares during the period. Finally, Jefferies Financial Group Inc. purchased a new stake in shares of HealthStream in the fourth quarter worth about $1,822,000. 69.58% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at HealthStream

In other news, EVP Kevin P. O'hara sold 2,000 shares of the stock in a transaction that occurred on Wednesday, August 27th. The stock was sold at an average price of $27.97, for a total transaction of $55,940.00. Following the sale, the executive vice president directly owned 17,137 shares in the company, valued at approximately $479,321.89. This represents a 10.45% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 20.60% of the company's stock.

HealthStream Stock Up 0.2%

NASDAQ:HSTM traded up $0.05 during trading hours on Tuesday, reaching $29.05. 30,190 shares of the stock were exchanged, compared to its average volume of 180,003. The firm has a 50 day simple moving average of $27.15 and a 200-day simple moving average of $29.03. HealthStream, Inc. has a 52 week low of $25.36 and a 52 week high of $34.24. The stock has a market capitalization of $860.89 million, a P/E ratio of 43.35, a P/E/G ratio of 3.62 and a beta of 0.47.

HealthStream (NASDAQ:HSTM - Get Free Report) last released its earnings results on Monday, August 4th. The technology company reported $0.18 EPS for the quarter, topping analysts' consensus estimates of $0.16 by $0.02. HealthStream had a return on equity of 5.70% and a net margin of 6.89%.The company had revenue of $74.40 million for the quarter, compared to the consensus estimate of $74.39 million. HealthStream has set its FY 2025 guidance at EPS. As a group, analysts expect that HealthStream, Inc. will post 0.63 earnings per share for the current year.

HealthStream Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Monday, August 18th were given a dividend of $0.031 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date was Monday, August 18th. HealthStream's dividend payout ratio is presently 17.91%.

Analyst Ratings Changes

Separately, Canaccord Genuity Group decreased their target price on HealthStream from $29.00 to $28.00 and set a "hold" rating for the company in a research report on Thursday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $31.00.

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.