Cerity Partners LLC lessened its position in shares of HealthStream, Inc. (NASDAQ:HSTM - Free Report) by 12.4% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 262,943 shares of the technology company's stock after selling 37,127 shares during the period. Cerity Partners LLC owned about 0.86% of HealthStream worth $8,461,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in HSTM. First Horizon Advisors Inc. boosted its holdings in shares of HealthStream by 99.6% in the 1st quarter. First Horizon Advisors Inc. now owns 1,056 shares of the technology company's stock valued at $34,000 after buying an additional 527 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of HealthStream by 30.8% in the 1st quarter. GAMMA Investing LLC now owns 2,082 shares of the technology company's stock valued at $67,000 after purchasing an additional 490 shares in the last quarter. New Age Alpha Advisors LLC purchased a new position in shares of HealthStream in the 4th quarter valued at about $80,000. Meeder Asset Management Inc. purchased a new position in HealthStream during the 4th quarter valued at about $114,000. Finally, Bessemer Group Inc. increased its holdings in HealthStream by 1,074.6% during the 4th quarter. Bessemer Group Inc. now owns 3,747 shares of the technology company's stock valued at $119,000 after acquiring an additional 3,428 shares in the last quarter. Institutional investors and hedge funds own 69.58% of the company's stock.
Analyst Ratings Changes
Separately, Canaccord Genuity Group decreased their price target on shares of HealthStream from $30.00 to $29.00 and set a "hold" rating on the stock in a research note on Thursday, May 15th. Two research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $31.50.
View Our Latest Report on HealthStream
HealthStream Stock Performance
NASDAQ HSTM traded down $0.76 on Friday, reaching $26.28. The company's stock had a trading volume of 211,120 shares, compared to its average volume of 155,443. HealthStream, Inc. has a twelve month low of $25.72 and a twelve month high of $34.24. The stock has a market cap of $802.07 million, a PE ratio of 41.71, a PEG ratio of 3.49 and a beta of 0.42. The firm's 50 day moving average is $27.62 and its two-hundred day moving average is $30.62.
HealthStream (NASDAQ:HSTM - Get Free Report) last posted its quarterly earnings data on Monday, May 5th. The technology company reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by ($0.02). The company had revenue of $73.49 million for the quarter, compared to analyst estimates of $74.93 million. HealthStream had a return on equity of 5.36% and a net margin of 6.54%. During the same quarter in the previous year, the firm posted $0.17 EPS. Equities research analysts anticipate that HealthStream, Inc. will post 0.63 EPS for the current fiscal year.
HealthStream Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, May 30th. Shareholders of record on Monday, May 19th were given a $0.031 dividend. This represents a $0.12 annualized dividend and a yield of 0.47%. The ex-dividend date of this dividend was Monday, May 19th. HealthStream's dividend payout ratio is 19.05%.
HealthStream announced that its Board of Directors has initiated a share repurchase program on Thursday, May 8th that authorizes the company to buyback $25.00 million in shares. This buyback authorization authorizes the technology company to reacquire up to 3% of its shares through open market purchases. Shares buyback programs are typically a sign that the company's leadership believes its shares are undervalued.
About HealthStream
(
Free Report)
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.
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