Copeland Capital Management LLC Buys 119,260 Shares of HealthStream, Inc. $HSTM

Key Points

• Copeland Capital Management LLC increased its stake in HealthStream, Inc. by 15.6% during the 2nd quarter, acquiring an additional 119,260 shares and now holding a total of 882,950 shares worth approximately $24.4 million.
• Analyst ratings for HealthStream show a consensus of "Moderate Buy" with an average price target of $31.00, although Canaccord Genuity Group recently lowered their target price from $29.00 to $28.00.
• HealthStream announced a quarterly dividend of $0.031 per share, resulting in an annualized dividend yield of 0.5%, with a payout ratio of 17.91%.

Copeland Capital Management LLC boosted its stake in shares of HealthStream, Inc. (NASDAQ:HSTM - Free Report) by 15.6% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 882,950 shares of the technology company's stock after buying an additional 119,260 shares during the quarter. Copeland Capital Management LLC owned approximately 2.89% of HealthStream worth $24,431,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. GAMMA Investing LLC grew its position in HealthStream by 30.8% during the first quarter. GAMMA Investing LLC now owns 2,082 shares of the technology company's stock valued at $67,000 after buying an additional 490 shares during the period. SG Americas Securities LLC increased its stake in shares of HealthStream by 9.3% in the first quarter. SG Americas Securities LLC now owns 18,648 shares of the technology company's stock worth $600,000 after purchasing an additional 1,584 shares in the last quarter. Principal Financial Group Inc. increased its stake in shares of 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 purchasing an additional 3,157 shares in the last quarter. Nuveen LLC purchased a new position in shares of HealthStream in the first quarter worth about $2,380,000. Finally, Harbor Capital Advisors Inc. increased its stake in shares of HealthStream by 2.4% in the first quarter. Harbor Capital Advisors Inc. now owns 424,790 shares of the technology company's stock worth $13,670,000 after purchasing an additional 10,003 shares in the last quarter. Institutional investors own 69.58% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group reduced their target price on shares of HealthStream from $29.00 to $28.00 and set a "hold" rating for the company in a research note on Thursday, August 7th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, HealthStream presently has a consensus rating of "Moderate Buy" and an average price target of $31.00.

HealthStream Trading Up 0.1%

HSTM stock opened at $27.52 on Friday. The firm has a 50 day moving average of $27.62 and a 200-day moving average of $28.76. HealthStream, Inc. has a 12 month low of $25.36 and a 12 month high of $34.24. The firm has a market capitalization of $815.72 million, a P/E ratio of 41.08, a price-to-earnings-growth ratio of 3.44 and a beta of 0.47.

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

HealthStream Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Monday, August 18th were given a $0.031 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date was Monday, August 18th. HealthStream's dividend payout ratio (DPR) is 17.91%.

Insider Activity at HealthStream

In other news, EVP Kevin P. O'hara sold 2,000 shares of the firm's stock in a transaction that occurred on Wednesday, August 27th. The shares were sold at an average price of $27.97, for a total value of $55,940.00. Following the completion of the transaction, the executive vice president directly owned 17,137 shares in the company, valued at approximately $479,321.89. This trade represents a 10.45% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 20.50% of the company's stock.

HealthStream 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.

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