Northern Trust Corp Boosts Stock Holdings in HealthStream, Inc. $HSTM

Key Points

• Northern Trust Corp increased its holdings in HealthStream by 26.0%, acquiring an additional 79,687 shares to own 386,127 shares valued at approximately $12.4 million.
• HealthStream recently reported a quarterly EPS of $0.18, exceeding analysts' estimates, and has set FY 2025 guidance while announcing a dividend of $0.031 per share.
• The company's board approved a $25 million share repurchase plan, indicating a belief that the stock is currently undervalued.

Northern Trust Corp boosted its position in shares of HealthStream, Inc. (NASDAQ:HSTM - Free Report) by 26.0% during the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 386,127 shares of the technology company's stock after purchasing an additional 79,687 shares during the quarter. Northern Trust Corp owned about 1.26% of HealthStream worth $12,426,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. First Horizon Advisors Inc. lifted its stake 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 purchasing an additional 527 shares during the period. GAMMA Investing LLC boosted its stake in HealthStream by 30.8% during the first quarter. GAMMA Investing LLC now owns 2,082 shares of the technology company's stock worth $67,000 after buying an additional 490 shares during the period. PNC Financial Services Group Inc. boosted its stake in shares of HealthStream by 62.5% during the first quarter. PNC Financial Services Group Inc. now owns 2,625 shares of the technology company's stock valued at $84,000 after purchasing an additional 1,010 shares during the period. Bessemer Group Inc. raised its holdings in shares of HealthStream by 84.1% in the first quarter. Bessemer Group Inc. now owns 6,897 shares of the technology company's stock valued at $222,000 after acquiring an additional 3,150 shares in the last quarter. Finally, Mackenzie Financial Corp purchased a new position in shares of HealthStream in the 4th quarter valued at approximately $228,000. 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 target 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 investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, HealthStream has a consensus rating of "Moderate Buy" and a consensus price target of $31.00.

Insider Activity at HealthStream

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

HealthStream Stock Down 1.3%

Shares of HSTM traded down $0.36 during mid-day trading on Wednesday, hitting $28.31. The stock had a trading volume of 310,254 shares, compared to its average volume of 176,638. HealthStream, Inc. has a fifty-two week low of $25.36 and a fifty-two week high of $34.24. The company's fifty day simple moving average is $27.07 and its two-hundred day simple moving average is $29.16. The company has a market cap of $839.11 million, a PE ratio of 42.25, a PEG ratio of 3.59 and a beta of 0.47.

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

HealthStream Announces Dividend

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

HealthStream 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.