73,958 Shares in HealthStream, Inc. $HSTM Bought by Nuveen LLC

Key Points

• Nuveen LLC has made a new investment of approximately $2.38 million in HealthStream, Inc., indicating growing interest in the technology company among hedge funds.
• HealthStream recently declared a quarterly dividend of $0.031 per share, with a yield of 0.4%, reflecting its steady cash flow and commitment to returning value to shareholders.
• The company has initiated a share buyback program allowing up to $25 million in repurchases, signaling that the board believes the stock may be undervalued.

Nuveen LLC acquired a new position in shares of HealthStream, Inc. (NASDAQ:HSTM - Free Report) in the 1st quarter, according to its most recent 13F filing with the SEC. The fund acquired 73,958 shares of the technology company's stock, valued at approximately $2,380,000. Nuveen LLC owned about 0.24% of HealthStream at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the stock. First Horizon Advisors Inc. raised its holdings in shares of HealthStream by 99.6% in the first 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 last quarter. GAMMA Investing LLC increased its position in HealthStream by 30.8% during the 1st quarter. GAMMA Investing LLC now owns 2,082 shares of the technology company's stock worth $67,000 after purchasing an additional 490 shares in the last quarter. PNC Financial Services Group Inc. lifted its holdings in HealthStream by 62.5% in the 1st 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 in the last quarter. Bessemer Group Inc. boosted its stake in shares of HealthStream by 84.1% during the 1st quarter. Bessemer Group Inc. now owns 6,897 shares of the technology company's stock worth $222,000 after purchasing an additional 3,150 shares during the last quarter. Finally, Mackenzie Financial Corp acquired a new stake in shares of HealthStream during the 4th quarter worth about $228,000. Institutional investors and hedge funds own 69.58% of the company's stock.

Insider Transactions at HealthStream

In other news, EVP Kevin P. O'hara sold 2,000 shares of the business's stock in a transaction on Wednesday, August 27th. The shares were sold at an average price of $27.97, for a total transaction of $55,940.00. Following the transaction, the executive vice president directly owned 17,137 shares of the company's stock, valued at approximately $479,321.89. The trade was a 10.45% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 20.50% of the stock is owned by company insiders.

HealthStream Stock Performance

Shares of NASDAQ:HSTM traded up $0.14 during midday trading on Thursday, hitting $28.20. 121,555 shares of the company's stock traded hands, compared to its average volume of 178,706. The firm's fifty day moving average price is $27.02 and its two-hundred day moving average price is $29.30. HealthStream, Inc. has a twelve month low of $25.36 and a twelve month high of $34.24. The company has a market cap of $835.85 million, a PE ratio of 42.09, a P/E/G ratio of 3.52 and a beta of 0.47.

HealthStream (NASDAQ:HSTM - Get Free Report) last released its quarterly earnings data on Monday, August 4th. The technology company reported $0.18 EPS for the quarter, beating the consensus estimate of $0.16 by $0.02. The company had revenue of $74.40 million for the quarter, compared to analyst estimates 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. As a group, equities research analysts anticipate that HealthStream, Inc. will post 0.63 EPS for the current fiscal year.

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

HealthStream Announces Dividend

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

Analysts Set New Price Targets

Separately, Canaccord Genuity Group cut their price objective 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 research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $31.00.

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.