MQS Management LLC Acquires New Holdings in HealthStream, Inc. (NASDAQ:HSTM)

MQS Management LLC bought a new position in shares of HealthStream, Inc. (NASDAQ:HSTM - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 11,320 shares of the technology company's stock, valued at approximately $364,000.

A number of other institutional investors and hedge funds also recently modified their holdings of HSTM. Franklin Resources Inc. increased its holdings in shares of HealthStream by 0.9% in the 4th quarter. Franklin Resources Inc. now owns 44,672 shares of the technology company's stock worth $1,421,000 after acquiring an additional 413 shares during the period. Diversified Trust Co increased its holdings in shares of HealthStream by 5.0% in the 1st quarter. Diversified Trust Co now owns 9,174 shares of the technology company's stock worth $295,000 after acquiring an additional 441 shares during the period. Sterling Capital Management LLC increased its holdings in shares of HealthStream by 3.0% in the 4th quarter. Sterling Capital Management LLC now owns 15,814 shares of the technology company's stock worth $503,000 after acquiring an additional 459 shares during the period. GAMMA Investing LLC increased its holdings in shares of HealthStream by 30.8% in the 1st quarter. GAMMA Investing LLC now owns 2,082 shares of the technology company's stock worth $67,000 after acquiring an additional 490 shares during the period. Finally, First Horizon Advisors Inc. increased its holdings in shares of HealthStream by 99.6% in the 1st quarter. First Horizon Advisors Inc. now owns 1,056 shares of the technology company's stock worth $34,000 after acquiring an additional 527 shares during the period. 69.58% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Canaccord Genuity Group dropped their price objective on shares of HealthStream from $30.00 to $29.00 and set a "hold" rating on the stock in a report on Thursday, May 15th. Two analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $31.50.

HealthStream Trading Down 3.1%

HSTM traded down $0.84 on Friday, reaching $26.21. The company had a trading volume of 95,188 shares, compared to its average volume of 154,779. The company has a fifty day moving average of $27.65 and a 200-day moving average of $30.66. The company has a market capitalization of $799.78 million, a P/E ratio of 41.71, a PEG ratio of 3.50 and a beta of 0.42. HealthStream, Inc. has a one year low of $25.72 and a one year high of $34.24.

HealthStream (NASDAQ:HSTM - Get Free Report) last announced its earnings results on Monday, May 5th. The technology company reported $0.14 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.16 by ($0.02). The company had revenue of $73.49 million during the quarter, compared to the consensus estimate of $74.93 million. HealthStream had a net margin of 6.54% and a return on equity of 5.36%. During the same quarter in the prior year, the company earned $0.17 EPS. Research analysts predict that HealthStream, Inc. will post 0.63 EPS for the current year.

HealthStream declared that its Board of Directors has approved a stock repurchase program on Thursday, May 8th that permits the company to repurchase $25.00 million in shares. This repurchase authorization permits the technology company to purchase up to 3% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company's board of directors believes its stock is undervalued.

HealthStream Announces Dividend

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 dividend yield of 0.47%. The ex-dividend date of this dividend was Monday, May 19th. HealthStream's payout ratio is 19.05%.

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.