Strs Ohio Buys New Shares in HealthStream, Inc. $HSTM

Key Points

• Strs Ohio acquired a new stake in HealthStream, purchasing 18,800 shares valued at approximately $605,000, representing about 0.06% of the company.
• HealthStream's stock has dropped 0.6% recently, with a market capitalization of $859.59 million and a P/E ratio of 43.28.
• Analysts have lowered the price target for HealthStream from $29.00 to $28.00 while maintaining a "hold" rating, with a consensus target price of $31.00.

Strs Ohio bought a new position in HealthStream, Inc. (NASDAQ:HSTM - Free Report) during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 18,800 shares of the technology company's stock, valued at approximately $605,000. Strs Ohio owned about 0.06% of HealthStream as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Copeland Capital Management LLC raised its holdings in shares of HealthStream by 101.3% in the 1st quarter. Copeland Capital Management LLC now owns 763,690 shares of the technology company's stock worth $24,576,000 after purchasing an additional 384,384 shares during the period. Harbor Capital Advisors Inc. raised its holdings in shares of HealthStream by 2.4% in the 1st quarter. Harbor Capital Advisors Inc. now owns 424,790 shares of the technology company's stock worth $13,670,000 after purchasing an additional 10,003 shares during the period. Northern Trust Corp raised its holdings in shares of HealthStream by 26.0% in the 1st quarter. Northern Trust Corp now owns 386,127 shares of the technology company's stock worth $12,426,000 after purchasing an additional 79,687 shares during the period. Jacobs Levy Equity Management Inc. raised its holdings in shares of HealthStream by 30.8% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 216,906 shares of the technology company's stock worth $6,980,000 after purchasing an additional 51,070 shares during the period. Finally, Robeco Institutional Asset Management B.V. raised its holdings in shares of HealthStream by 90.4% in the 1st quarter. Robeco Institutional Asset Management B.V. now owns 145,222 shares of the technology company's stock worth $4,673,000 after purchasing an additional 68,962 shares during the period. Hedge funds and other institutional investors own 69.58% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group lowered their price target on shares of HealthStream from $29.00 to $28.00 and set a "hold" rating on the stock in a report on Thursday, August 7th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, HealthStream presently has a consensus rating of "Moderate Buy" and an average price target of $31.00.

Insider Buying and Selling at HealthStream

In other news, EVP Kevin P. O'hara sold 2,000 shares of the company's stock in a transaction on Wednesday, August 27th. The shares were sold at an average price of $27.97, for a total value of $55,940.00. Following the transaction, the executive vice president owned 17,137 shares of the company's stock, valued at approximately $479,321.89. This represents a 10.45% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 20.60% of the company's stock.

HealthStream Stock Performance

HSTM stock traded down $0.30 during midday trading on Tuesday, reaching $29.00. 56,048 shares of the company's stock traded hands, compared to its average volume of 181,692. The company has a 50-day moving average price of $27.34 and a two-hundred day moving average price of $28.88. HealthStream, Inc. has a 52 week low of $25.36 and a 52 week high of $34.24. The firm has a market capitalization of $859.53 million, a PE ratio of 43.34, a price-to-earnings-growth ratio of 3.63 and a beta of 0.47.

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

HealthStream Dividend Announcement

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

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.