Martingale Asset Management L P Sells 16,407 Shares of HealthStream, Inc. $HSTM

Key Points

• Martingale Asset Management L P reduced its stake in HealthStream, Inc. by 28.5%, selling 16,407 shares and now holding 41,146 shares, valued at approximately $1.32 million.
• HealthStream recently announced a share buyback program allowing the repurchase of $25 million in outstanding shares, signaling the board's belief that the stock is undervalued.
• The company reported earnings per share (EPS) of $0.18 for the last quarter, exceeding analysts' expectations of $0.16, with anticipated FY 2025 EPS guidance set at 0.63.

Martingale Asset Management L P decreased its holdings in shares of HealthStream, Inc. (NASDAQ:HSTM - Free Report) by 28.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 41,146 shares of the technology company's stock after selling 16,407 shares during the quarter. Martingale Asset Management L P owned 0.13% of HealthStream worth $1,324,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of HSTM. Copeland Capital Management LLC lifted its position in HealthStream by 101.3% in the 1st quarter. Copeland Capital Management LLC now owns 763,690 shares of the technology company's stock worth $24,576,000 after buying an additional 384,384 shares during the last quarter. Harbor Capital Advisors Inc. lifted its position in HealthStream by 2.4% in the 1st quarter. Harbor Capital Advisors Inc. now owns 424,790 shares of the technology company's stock worth $13,670,000 after buying an additional 10,003 shares during the last quarter. Northern Trust Corp lifted its position in HealthStream by 26.0% in the first quarter. Northern Trust Corp now owns 386,127 shares of the technology company's stock valued at $12,426,000 after purchasing an additional 79,687 shares during the last quarter. Robeco Institutional Asset Management B.V. lifted its position in HealthStream by 90.4% in the first quarter. Robeco Institutional Asset Management B.V. now owns 145,222 shares of the technology company's stock valued at $4,673,000 after purchasing an additional 68,962 shares during the last quarter. Finally, Principal Financial Group Inc. lifted its position in HealthStream by 2.5% in the first quarter. Principal Financial Group Inc. now owns 129,830 shares of the technology company's stock valued at $4,178,000 after purchasing an additional 3,157 shares during the last quarter. Hedge funds and other institutional investors own 69.58% of the company's stock.

HealthStream Stock Performance

HSTM stock traded up $0.03 on Friday, reaching $28.11. The company's stock had a trading volume of 17,723 shares, compared to its average volume of 179,809. The business has a fifty day simple moving average of $26.91 and a two-hundred day simple moving average of $29.50. HealthStream, Inc. has a 12-month low of $25.36 and a 12-month high of $34.24. The firm has a market cap of $833.18 million, a PE ratio of 41.86, a PEG ratio of 3.55 and a beta of 0.43.

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

HealthStream Announces Dividend

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

HealthStream announced that its Board of Directors has approved a share repurchase program on Thursday, May 8th that allows the company to repurchase $25.00 million in shares. This repurchase authorization allows the technology company to buy up to 3% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company's leadership believes its stock is undervalued.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group lowered their price objective on 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 given a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat, HealthStream has an average rating of "Moderate Buy" and an average target price of $31.00.

Insider Buying and Selling

In related news, EVP Kevin P. O'hara sold 2,000 shares of the firm's stock in a transaction on Wednesday, August 27th. The stock was sold at an average price of $27.97, for a total value of $55,940.00. Following the completion of the sale, the executive vice president owned 17,137 shares of the company's stock, valued at $479,321.89. This trade represents a 10.45% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 20.50% of the stock is owned by insiders.

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.