Public Sector Pension Investment Board Has $3.17 Million Stock Position in HealthStream, Inc. $HSTM

Key Points

• The Public Sector Pension Investment Board increased its stake in HealthStream, Inc. by 63.8%, acquiring an additional 38,411 shares, bringing total holdings to 98,592 shares, worth approximately $3.17 million.
• HealthStream announced a $25 million stock buyback program as a signal that its leadership believes the stock is undervalued.
• The company recently reported an earnings per share (EPS) of $0.18, surpassing the consensus estimate of $0.16, along with revenue of $74.40 million for the quarter.

Public Sector Pension Investment Board increased its holdings in shares of HealthStream, Inc. (NASDAQ:HSTM - Free Report) by 63.8% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 98,592 shares of the technology company's stock after acquiring an additional 38,411 shares during the period. Public Sector Pension Investment Board owned about 0.32% of HealthStream worth $3,173,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of HSTM. JPMorgan Chase & Co. grew its position in HealthStream by 82.6% during the 4th quarter. JPMorgan Chase & Co. now owns 104,468 shares of the technology company's stock worth $3,322,000 after acquiring an additional 47,264 shares during the last quarter. Wells Fargo & Company MN boosted its position in HealthStream by 34.3% in the 4th quarter. Wells Fargo & Company MN now owns 13,345 shares of the technology company's stock valued at $424,000 after buying an additional 3,409 shares during the last quarter. Envestnet Asset Management Inc. bought a new position in HealthStream in the 4th quarter valued at $1,393,000. Invesco Ltd. boosted its position in HealthStream by 11.5% in the 4th quarter. Invesco Ltd. now owns 248,221 shares of the technology company's stock valued at $7,893,000 after buying an additional 25,519 shares during the last quarter. Finally, Barclays PLC boosted its position in HealthStream by 4.4% in the 4th quarter. Barclays PLC now owns 61,443 shares of the technology company's stock valued at $1,954,000 after buying an additional 2,605 shares during the last quarter. 69.58% of the stock is currently owned by institutional investors.

HealthStream Stock Performance

HSTM traded up $0.81 during mid-day trading on Friday, reaching $27.74. The stock had a trading volume of 180,781 shares, compared to its average volume of 179,460. The firm's fifty day simple moving average is $26.85 and its two-hundred day simple moving average is $29.68. The stock has a market capitalization of $822.21 million, a P/E ratio of 41.40, a P/E/G ratio of 3.36 and a beta of 0.43. HealthStream, Inc. has a 52 week low of $25.36 and a 52 week high of $34.24.

HealthStream (NASDAQ:HSTM - Get Free Report) last posted its quarterly earnings results on Monday, August 4th. The technology company reported $0.18 earnings per share for the quarter, beating 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. As a group, analysts expect that HealthStream, Inc. will post 0.63 EPS for the current fiscal year.

HealthStream Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 29th. Stockholders 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 dividend yield of 0.4%. HealthStream's dividend payout ratio is 17.91%.

HealthStream declared that its board has authorized a share buyback plan on Thursday, May 8th that authorizes the company to repurchase $25.00 million in outstanding shares. This repurchase authorization authorizes the technology company to reacquire up to 3% of its shares through open market purchases. Shares repurchase plans are often an indication that the company's leadership believes its stock is undervalued.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group decreased their price objective on HealthStream from $29.00 to $28.00 and set a "hold" rating on the stock in a research report on Thursday, August 7th. One 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 stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $31.00.

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.