Harbor Capital Advisors Inc. Raises Position in HealthStream, Inc. (NASDAQ:HSTM)

Harbor Capital Advisors Inc. increased its holdings in shares of HealthStream, Inc. (NASDAQ:HSTM - Free Report) by 2.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 424,790 shares of the technology company's stock after buying an additional 10,003 shares during the period. HealthStream comprises 0.6% of Harbor Capital Advisors Inc.'s investment portfolio, making the stock its 22nd largest holding. Harbor Capital Advisors Inc. owned approximately 1.40% of HealthStream worth $13,670,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in HSTM. New Age Alpha Advisors LLC purchased a new stake in shares of HealthStream during the fourth quarter worth $80,000. Meeder Asset Management Inc. acquired a new position in HealthStream during the 4th quarter worth $114,000. 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 worth $119,000 after purchasing an additional 3,428 shares during the period. Lee Danner & Bass Inc. acquired a new stake in HealthStream in the 4th quarter valued at about $183,000. Finally, Mackenzie Financial Corp acquired a new position in shares of HealthStream during the fourth quarter worth about $228,000. 69.58% of the stock is currently owned by institutional investors and hedge funds.

HealthStream Stock Down 0.3%

HealthStream stock traded down $0.09 during mid-day trading on Tuesday, hitting $28.13. The company had a trading volume of 210,033 shares, compared to its average volume of 148,605. The stock has a market cap of $858.67 million, a price-to-earnings ratio of 43.28, a PEG ratio of 4.37 and a beta of 0.43. HealthStream, Inc. has a 1 year low of $25.84 and a 1 year high of $34.24. The business has a fifty day moving average of $30.14 and a 200 day moving average of $31.60.

HealthStream (NASDAQ:HSTM - Get Free Report) last posted its earnings results on Monday, May 5th. The technology company reported $0.14 EPS for the quarter, missing analysts' consensus estimates of $0.16 by ($0.02). HealthStream had a net margin of 6.84% and a return on equity of 5.67%. The company had revenue of $73.49 million during the quarter, compared to analysts' expectations of $74.93 million. During the same period last year, the business earned $0.17 earnings per share. Equities analysts anticipate that HealthStream, Inc. will post 0.63 earnings per share for the current year.

HealthStream declared that its board has approved a share repurchase plan on Thursday, May 8th that allows the company to repurchase $25.00 million in outstanding shares. This repurchase authorization allows the technology company to repurchase up to 3% of its stock through open market purchases. Stock repurchase plans are usually an indication 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. Stockholders of record on Monday, May 19th were issued a $0.031 dividend. This represents a $0.12 annualized dividend and a dividend yield of 0.44%. The ex-dividend date was Monday, May 19th. HealthStream's payout ratio is currently 19.05%.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on HSTM. William Blair restated an "outperform" rating on shares of HealthStream in a report on Tuesday, February 25th. Canaccord Genuity Group cut their price target 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 equities research 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 company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $31.50.

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.