HealthStream, Inc. (NASDAQ:HSTM) Shares Sold by Stephens Investment Management Group LLC

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

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Franklin Resources Inc. boosted its position in shares of HealthStream by 0.9% in the fourth quarter. Franklin Resources Inc. now owns 44,672 shares of the technology company's stock worth $1,421,000 after buying an additional 413 shares during the period. Diversified Trust Co boosted its position in shares of HealthStream by 5.0% in the first quarter. Diversified Trust Co now owns 9,174 shares of the technology company's stock worth $295,000 after buying an additional 441 shares during the period. Sterling Capital Management LLC boosted its position in shares of HealthStream by 3.0% in the fourth quarter. Sterling Capital Management LLC now owns 15,814 shares of the technology company's stock worth $503,000 after buying an additional 459 shares during the period. GAMMA Investing LLC boosted its position 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 worth $67,000 after buying an additional 490 shares during the period. Finally, First Horizon Advisors Inc. boosted its position 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 buying an additional 527 shares during the period. 69.58% of the stock is currently owned by institutional investors and hedge funds.

HealthStream Stock Performance

Shares of NASDAQ:HSTM traded down $0.04 during trading on Thursday, hitting $27.04. The company's stock had a trading volume of 128,406 shares, compared to its average volume of 155,000. The stock's 50-day moving average price is $27.65 and its two-hundred day moving average price is $30.66. HealthStream, Inc. has a fifty-two week low of $25.72 and a fifty-two week high of $34.24. The company has a market capitalization of $825.26 million, a PE ratio of 42.92, a PEG ratio of 3.50 and a beta of 0.42.

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

HealthStream Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, May 30th. Stockholders of record on Monday, May 19th were given a dividend of $0.031 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.46%. The ex-dividend date was Monday, May 19th. HealthStream's payout ratio is 19.05%.

HealthStream announced that its Board of Directors has authorized a share repurchase program on Thursday, May 8th that authorizes the company to buyback $25.00 million in outstanding shares. This buyback authorization authorizes the technology company to purchase up to 3% of its stock through open market purchases. Stock buyback programs are often a sign that the company's management believes its shares are undervalued.

Wall Street Analyst Weigh In

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

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.