HealthStream, Inc. $HSTM Shares Bought by Intech Investment Management LLC

Key Points

• Intech Investment Management LLC increased its stake in HealthStream by 130.7%, holding 77,206 shares worth approximately $2.48 million as of the latest SEC filing.
• HealthStream reported earnings of $0.18 per share, exceeding analysts' expectations, with a revenue of $74.4 million for the last quarter.
• The company announced a quarterly dividend of $0.031 per share, providing a dividend yield of 0.4%, while stockholders of record were paid on August 29th.

Intech Investment Management LLC increased its holdings in HealthStream, Inc. (NASDAQ:HSTM - Free Report) by 130.7% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 77,206 shares of the technology company's stock after purchasing an additional 43,742 shares during the quarter. Intech Investment Management LLC owned 0.25% of HealthStream worth $2,484,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the stock. Diversified Trust Co grew its stake in HealthStream by 5.0% during the 1st quarter. Diversified Trust Co now owns 9,174 shares of the technology company's stock worth $295,000 after purchasing an additional 441 shares in the last quarter. GAMMA Investing LLC lifted its position in HealthStream by 30.8% in the first quarter. GAMMA Investing LLC now owns 2,082 shares of the technology company's stock valued at $67,000 after purchasing an additional 490 shares during the period. First Horizon Advisors Inc. lifted its position in shares of HealthStream by 99.6% during the 1st quarter. First Horizon Advisors Inc. now owns 1,056 shares of the technology company's stock valued at $34,000 after acquiring an additional 527 shares during the period. PNC Financial Services Group Inc. lifted its position in shares of HealthStream by 62.5% during the 1st quarter. PNC Financial Services Group Inc. now owns 2,625 shares of the technology company's stock valued at $84,000 after acquiring an additional 1,010 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in HealthStream by 1.1% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 99,514 shares of the technology company's stock worth $3,202,000 after acquiring an additional 1,047 shares during the period. 69.58% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at HealthStream

In other HealthStream news, EVP Kevin P. O'hara sold 2,000 shares of the company's stock in a transaction dated Wednesday, August 27th. The shares were sold at an average price of $27.97, for a total transaction of $55,940.00. Following the sale, the executive vice president directly owned 17,137 shares of the company's stock, valued at $479,321.89. This represents a 10.45% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 20.50% of the company's stock.

Analyst Ratings Changes

Separately, Canaccord Genuity Group decreased their price target on shares of HealthStream from $29.00 to $28.00 and set a "hold" rating for the company in a research report on Thursday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $31.00.

HealthStream Stock Performance

NASDAQ:HSTM traded down $0.17 during mid-day trading on Friday, reaching $29.00. 498,110 shares of the company's stock were exchanged, compared to its average volume of 181,721. The firm has a market capitalization of $859.56 million, a PE ratio of 43.28, a price-to-earnings-growth ratio of 3.66 and a beta of 0.47. HealthStream, Inc. has a one year low of $25.36 and a one year high of $34.24. The business's fifty day simple moving average is $27.30 and its two-hundred day simple moving average is $28.96.

HealthStream (NASDAQ:HSTM - Get Free Report) last released its quarterly earnings results on Monday, August 4th. The technology company reported $0.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.02. The firm had revenue of $74.40 million during the quarter, compared to analyst estimates of $74.39 million. HealthStream had a net margin of 6.89% and a return on equity of 5.70%. HealthStream has set its FY 2025 guidance at EPS. As a group, equities research analysts forecast that HealthStream, Inc. will post 0.63 EPS for the current year.

HealthStream Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Monday, August 18th were issued a $0.031 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend was Monday, August 18th. HealthStream's payout ratio is 17.91%.

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.