Harbor Capital Advisors Inc. grew its position in HealthStream, Inc. (NASDAQ:HSTM - Free Report) by 2.4% in the first quarter, according to its most recent filing with the SEC. The fund owned 424,790 shares of the technology company's stock after acquiring an additional 10,003 shares during the period. HealthStream accounts for approximately 0.6% of Harbor Capital Advisors Inc.'s investment portfolio, making the stock its 22nd biggest position. Harbor Capital Advisors Inc. owned 1.40% of HealthStream worth $13,670,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. New Age Alpha Advisors LLC acquired a new stake in HealthStream in the fourth quarter worth $80,000. Meeder Asset Management Inc. purchased a new position in shares of HealthStream during the 4th quarter valued at $114,000. Bessemer Group Inc. lifted its stake in shares of HealthStream by 1,074.6% during the 4th quarter. Bessemer Group Inc. now owns 3,747 shares of the technology company's stock valued at $119,000 after buying an additional 3,428 shares in the last quarter. Lee Danner & Bass Inc. purchased a new position in shares of HealthStream in the fourth quarter valued at $183,000. Finally, Mackenzie Financial Corp purchased a new stake in shares of HealthStream in the fourth quarter worth about $228,000. 69.58% of the stock is currently owned by institutional investors.
HealthStream Price Performance
NASDAQ HSTM traded down $0.20 during trading hours on Friday, reaching $27.25. The company's stock had a trading volume of 229,321 shares, compared to its average volume of 150,190. The firm has a market capitalization of $831.81 million, a price-to-earnings ratio of 41.92, a P/E/G 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 company's 50-day moving average is $29.86 and its two-hundred day moving average is $31.48.
HealthStream (NASDAQ:HSTM - Get Free Report) last issued its quarterly earnings data on Monday, May 5th. The technology company reported $0.14 EPS for the quarter, missing the consensus estimate of $0.16 by ($0.02). HealthStream had a return on equity of 5.67% and a net margin of 6.84%. The company had revenue of $73.49 million during the quarter, compared to analyst estimates of $74.93 million. During the same quarter in the prior year, the company posted $0.17 earnings per share. Equities analysts forecast that HealthStream, Inc. will post 0.63 EPS for the current fiscal year.
HealthStream announced that its Board of Directors has approved a stock buyback program on Thursday, May 8th that permits the company to buyback $25.00 million in shares. This buyback authorization permits the technology company to repurchase up to 3% of its stock through open market purchases. Stock buyback programs are typically a sign that the company's board of directors believes its stock is undervalued.
HealthStream Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Friday, May 30th. Shareholders of record on Monday, May 19th were issued a $0.031 dividend. This represents a $0.12 annualized dividend and a yield of 0.46%. The ex-dividend date was Monday, May 19th. HealthStream's dividend payout ratio (DPR) is 19.05%.
Wall Street Analyst Weigh In
Several analysts have weighed in on the stock. Canaccord Genuity Group lowered their price target on shares of HealthStream from $30.00 to $29.00 and set a "hold" rating for the company in a research note on Thursday, May 15th. William Blair reissued an "outperform" rating on shares of HealthStream in a research report on Tuesday, February 25th. Two equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $31.50.
Check Out Our Latest Analysis on HealthStream
HealthStream Company Profile
(
Free Report)
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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