HealthStream, Inc. (NASDAQ:HSTM) Holdings Decreased by Cerity Partners LLC

Cerity Partners LLC trimmed its position in HealthStream, Inc. (NASDAQ:HSTM - Free Report) by 12.4% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 262,943 shares of the technology company's stock after selling 37,127 shares during the quarter. Cerity Partners LLC owned 0.86% of HealthStream worth $8,461,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Copeland Capital Management LLC lifted its position in HealthStream by 101.3% during the 1st quarter. Copeland Capital Management LLC now owns 763,690 shares of the technology company's stock worth $24,576,000 after acquiring an additional 384,384 shares in the last quarter. Norges Bank acquired a new position in HealthStream during the 4th quarter worth approximately $3,649,000. Vanguard Group Inc. lifted its position in HealthStream by 3.1% during the 4th quarter. Vanguard Group Inc. now owns 3,055,060 shares of the technology company's stock worth $97,151,000 after acquiring an additional 92,067 shares in the last quarter. Envestnet Asset Management Inc. lifted its position in HealthStream by 186.3% during the 1st quarter. Envestnet Asset Management Inc. now owns 125,457 shares of the technology company's stock worth $4,037,000 after acquiring an additional 81,644 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its position in HealthStream by 47.5% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 221,609 shares of the technology company's stock worth $7,047,000 after acquiring an additional 71,379 shares in the last quarter. 69.58% of the stock is currently owned by hedge funds and other institutional investors.

HealthStream Trading Down 2.8%

HSTM stock traded down $0.76 during midday trading on Friday, hitting $26.28. 211,120 shares of the company's stock were exchanged, compared to its average volume of 155,443. HealthStream, Inc. has a 12-month low of $25.72 and a 12-month high of $34.24. The firm has a 50 day moving average price of $27.62 and a 200-day moving average price of $30.62. The stock has a market capitalization of $802.07 million, a price-to-earnings ratio of 41.71, a price-to-earnings-growth ratio of 3.49 and a beta of 0.42.

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). HealthStream had a return on equity of 5.36% and a net margin of 6.54%. The business had revenue of $73.49 million for the quarter, compared to analysts' expectations of $74.93 million. During the same quarter in the prior year, the firm earned $0.17 earnings per share. On average, sell-side analysts forecast that HealthStream, Inc. will post 0.63 EPS for the current fiscal year.

HealthStream announced that its Board of Directors has authorized a share buyback plan on Thursday, May 8th that permits the company to repurchase $25.00 million in shares. This repurchase authorization permits the technology company to purchase up to 3% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company's management believes its shares are undervalued.

HealthStream Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 30th. Shareholders of record on Monday, May 19th were issued a dividend of $0.031 per share. The ex-dividend date of this dividend was Monday, May 19th. This represents a $0.12 annualized dividend and a yield of 0.47%. HealthStream's dividend payout ratio is presently 19.05%.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group reduced their price target on HealthStream from $30.00 to $29.00 and set a "hold" rating on the stock in a research report on Thursday, May 15th. Two research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, HealthStream currently has an average rating of "Moderate Buy" and an average 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.