Copeland Capital Management LLC Purchases 384,384 Shares of HealthStream, Inc. (NASDAQ:HSTM)

Copeland Capital Management LLC boosted its position in HealthStream, Inc. (NASDAQ:HSTM - Free Report) by 101.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 763,690 shares of the technology company's stock after acquiring an additional 384,384 shares during the period. Copeland Capital Management LLC owned 2.50% of HealthStream worth $24,576,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in HSTM. Vanguard Group Inc. grew its position in shares of 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 buying an additional 92,067 shares during the period. Geode Capital Management LLC raised its position in shares of HealthStream by 2.9% during the 4th quarter. Geode Capital Management LLC now owns 694,274 shares of the technology company's stock valued at $22,082,000 after acquiring an additional 19,510 shares during the last quarter. Harbor Capital Advisors Inc. lifted its stake in shares of HealthStream by 2.4% in the 1st quarter. Harbor Capital Advisors Inc. now owns 424,790 shares of the technology company's stock valued at $13,670,000 after purchasing an additional 10,003 shares during the period. Northern Trust Corp boosted its position in shares of HealthStream by 13.4% in the 4th quarter. Northern Trust Corp now owns 306,440 shares of the technology company's stock worth $9,745,000 after purchasing an additional 36,239 shares during the last quarter. Finally, Cerity Partners LLC grew its stake in shares of HealthStream by 3,889.2% during the fourth quarter. Cerity Partners LLC now owns 300,070 shares of the technology company's stock worth $9,534,000 after purchasing an additional 292,548 shares during the period. 69.58% of the stock is currently owned by institutional investors and hedge funds.

HealthStream Price Performance

Shares of NASDAQ HSTM traded up $0.06 during midday trading on Tuesday, reaching $27.73. 157,277 shares of the stock were exchanged, compared to its average volume of 153,556. HealthStream, Inc. has a 12 month low of $25.72 and a 12 month high of $34.24. The company has a market capitalization of $846.32 million, a price-to-earnings ratio of 44.02, a P/E/G ratio of 3.53 and a beta of 0.43. The business has a 50-day simple moving average of $28.82 and a two-hundred day simple moving average of $31.04.

HealthStream (NASDAQ:HSTM - Get Free Report) last posted its earnings results on Monday, May 5th. The technology company reported $0.14 earnings per share 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 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 earnings per share for the current fiscal year.

HealthStream declared that its board has authorized a stock buyback plan on Thursday, May 8th that authorizes the company to repurchase $25.00 million in shares. This repurchase authorization authorizes the technology company to buy up to 3% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company's leadership believes its shares are undervalued.

HealthStream Dividend Announcement

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

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group cut 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 analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $31.50.

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.