Stephens Investment Management Group LLC Has $10.24 Million Stake in HealthStream, Inc. (NASDAQ:HSTM)

Stephens Investment Management Group LLC decreased its holdings in shares of HealthStream, Inc. (NASDAQ:HSTM - Free Report) by 3.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 318,341 shares of the technology company's stock after selling 12,880 shares during the quarter. Stephens Investment Management Group LLC owned 1.04% of HealthStream worth $10,244,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. First Horizon Advisors Inc. raised its stake in HealthStream by 99.6% during 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 in the last quarter. GAMMA Investing LLC increased its stake in shares of HealthStream by 30.8% in the first quarter. GAMMA Investing LLC now owns 2,082 shares of the technology company's stock valued at $67,000 after buying an additional 490 shares during the period. New Age Alpha Advisors LLC acquired a new position in shares of HealthStream in the fourth quarter valued at approximately $80,000. Meeder Asset Management Inc. acquired a new position in shares of HealthStream in the fourth quarter valued at approximately $114,000. Finally, Bessemer Group Inc. increased its stake in shares of HealthStream by 1,074.6% in the fourth quarter. Bessemer Group Inc. now owns 3,747 shares of the technology company's stock valued at $119,000 after buying an additional 3,428 shares during the period. Institutional investors and hedge funds own 69.58% of the company's stock.

HealthStream Price Performance

Shares of HSTM stock opened at $26.60 on Monday. HealthStream, Inc. has a one year low of $25.72 and a one year high of $34.24. The business's 50 day simple moving average is $27.78 and its 200 day simple moving average is $30.78. The stock has a market capitalization of $811.97 million, a PE ratio of 42.22, a PEG ratio of 3.44 and a beta of 0.42.

HealthStream (NASDAQ:HSTM - Get Free Report) last posted its quarterly earnings data on Monday, May 5th. The technology company reported $0.14 EPS for the quarter, missing analysts' consensus estimates of $0.16 by ($0.02). The firm 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 period in the prior year, the company posted $0.17 earnings per share. As a group, research analysts expect that HealthStream, Inc. will post 0.63 earnings per share for the current year.

HealthStream announced that its board has authorized a stock repurchase plan on Thursday, May 8th that authorizes the company to repurchase $25.00 million in shares. This repurchase authorization authorizes the technology company to buy up to 3% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company's leadership believes its stock is undervalued.

HealthStream Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 30th. Shareholders of record on Monday, May 19th were issued a dividend of $0.031 per share. This represents a $0.12 dividend on an annualized basis 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%.

Analysts Set New Price Targets

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

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.

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