Copeland Capital Management LLC Boosts Position in HealthStream, Inc. (NASDAQ:HSTM)

Copeland Capital Management LLC lifted its holdings in shares of HealthStream, Inc. (NASDAQ:HSTM - Free Report) by 101.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 763,690 shares of the technology company's stock after purchasing an additional 384,384 shares during the period. Copeland Capital Management LLC owned about 2.50% of HealthStream worth $24,576,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in HSTM. Rhumbline Advisers raised its stake in shares of HealthStream by 0.6% during the 4th quarter. Rhumbline Advisers now owns 74,468 shares of the technology company's stock worth $2,368,000 after purchasing an additional 412 shares during the period. Principal Financial Group Inc. raised its stake in shares of HealthStream by 3.6% during the 4th quarter. Principal Financial Group Inc. now owns 126,673 shares of the technology company's stock worth $4,028,000 after purchasing an additional 4,407 shares during the period. Sanctuary Advisors LLC raised its stake in shares of HealthStream by 4.8% during the 4th quarter. Sanctuary Advisors LLC now owns 15,445 shares of the technology company's stock worth $507,000 after purchasing an additional 708 shares during the period. Bank of New York Mellon Corp raised its stake in shares of HealthStream by 1.1% during the 4th quarter. Bank of New York Mellon Corp now owns 219,575 shares of the technology company's stock worth $6,982,000 after purchasing an additional 2,410 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of HealthStream by 2.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 223,262 shares of the technology company's stock worth $7,100,000 after purchasing an additional 4,815 shares during the period. 69.58% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group lowered their target price on HealthStream from $30.00 to $29.00 and set a "hold" rating on the stock in a research note on Thursday, May 15th. Two investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $31.50.

HealthStream Stock Up 1.0%

HealthStream stock traded up $0.26 during midday trading on Friday, reaching $27.55. The stock had a trading volume of 290,657 shares, compared to its average volume of 153,624. HealthStream, Inc. has a 12 month low of $25.72 and a 12 month high of $34.24. The firm's 50-day moving average price is $28.90 and its 200 day moving average price is $31.07. The firm has a market capitalization of $840.83 million, a PE ratio of 43.73, a P/E/G ratio of 3.53 and a beta of 0.43.

HealthStream (NASDAQ:HSTM - Get Free Report) last announced its quarterly earnings data on Monday, May 5th. The technology company reported $0.14 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.16 by ($0.02). HealthStream had a net margin of 6.54% and a return on equity of 5.36%. The firm had revenue of $73.49 million during the quarter, compared to the consensus estimate of $74.93 million. During the same quarter in the prior year, the firm posted $0.17 earnings per share. Equities research analysts expect that HealthStream, Inc. will post 0.63 EPS for the current year.

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

HealthStream Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 30th. Investors of record on Monday, May 19th were paid a $0.031 dividend. This represents a $0.12 dividend on an annualized basis and a yield of 0.45%. The ex-dividend date of this dividend was Monday, May 19th. HealthStream's dividend payout ratio is currently 19.05%.

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.