Robeco Institutional Asset Management B.V. Has $4.67 Million Holdings in HealthStream, Inc. (NASDAQ:HSTM)

Robeco Institutional Asset Management B.V. lifted its position in shares of HealthStream, Inc. (NASDAQ:HSTM - Free Report) by 90.4% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 145,222 shares of the technology company's stock after buying an additional 68,962 shares during the quarter. Robeco Institutional Asset Management B.V. owned approximately 0.48% of HealthStream worth $4,673,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Cerity Partners LLC increased its position in HealthStream by 3,889.2% during the 4th 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 in the last quarter. Norges Bank purchased a new position in shares of HealthStream during the fourth quarter valued at approximately $3,649,000. Vanguard Group Inc. lifted its stake 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 purchasing an additional 92,067 shares during the period. Arrowstreet Capital Limited Partnership boosted its holdings in shares of HealthStream by 47.5% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 221,609 shares of the technology company's stock worth $7,047,000 after purchasing an additional 71,379 shares during the last quarter. Finally, GAMMA Investing LLC grew its position in shares of HealthStream by 4,108.5% in the first quarter. GAMMA Investing LLC now owns 66,999 shares of the technology company's stock valued at $2,082,000 after purchasing an additional 65,407 shares during the period. Hedge funds and other institutional investors own 69.58% of the company's stock.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group dropped their price objective 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. Two investment 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's stock. According to data from MarketBeat, HealthStream currently has an average rating of "Moderate Buy" and an average price target of $31.50.

HealthStream Price Performance

Shares of NASDAQ HSTM traded up $0.06 during midday trading on Tuesday, hitting $27.73. 157,277 shares of the company's stock were exchanged, compared to its average volume of 153,556. HealthStream, Inc. has a twelve month low of $25.72 and a twelve month high of $34.24. The firm has a market cap of $846.32 million, a P/E ratio of 44.02, a PEG ratio of 3.53 and a beta of 0.43. The stock's 50 day moving average price is $28.82 and its 200-day moving average price is $31.04.

HealthStream (NASDAQ:HSTM - Get Free Report) last announced its quarterly earnings data 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 6.54% and a return on equity of 5.36%. The company had revenue of $73.49 million for the quarter, compared to analyst estimates of $74.93 million. During the same quarter last year, the company posted $0.17 EPS. On average, analysts expect that HealthStream, Inc. will post 0.63 EPS for the current fiscal year.

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

HealthStream Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, May 30th. Shareholders of record on Monday, May 19th were given a dividend of $0.031 per share. The ex-dividend date of this dividend 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 currently 19.05%.

HealthStream Company 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.