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

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

A number of other hedge funds have also bought and sold shares of HSTM. First Horizon Advisors Inc. increased its stake in HealthStream by 99.6% during the 1st quarter. First Horizon Advisors Inc. now owns 1,056 shares of the technology company's stock valued at $34,000 after purchasing 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 worth $67,000 after acquiring an additional 490 shares during the period. PNC Financial Services Group Inc. increased its stake in shares of HealthStream by 62.5% in the first quarter. PNC Financial Services Group Inc. now owns 2,625 shares of the technology company's stock worth $84,000 after acquiring an additional 1,010 shares during the period. Virtus Advisers LLC acquired a new stake in shares of HealthStream in the first quarter worth $161,000. Finally, Bessemer Group Inc. increased its stake in shares of HealthStream by 84.1% in the first quarter. Bessemer Group Inc. now owns 6,897 shares of the technology company's stock worth $222,000 after acquiring an additional 3,150 shares during the period. Institutional investors and hedge funds own 69.58% of the company's stock.

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 on the stock in a research note on Thursday, August 7th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, HealthStream currently has an average rating of "Moderate Buy" and a consensus target price 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 transaction of $55,940.00. Following the transaction, the executive vice president directly owned 17,137 shares of the company's stock, valued at $479,321.89. This represents a 10.45% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 20.50% of the stock is currently owned by company insiders.

HealthStream Stock Down 0.6%

Shares of HealthStream stock opened at $29.00 on Friday. HealthStream, Inc. has a 52-week low of $25.36 and a 52-week high of $34.24. The company has a 50 day moving average of $27.30 and a 200 day moving average of $28.93. The company has a market capitalization of $859.59 million, a P/E ratio of 43.28, a P/E/G ratio of 3.63 and a beta of 0.47.

HealthStream (NASDAQ:HSTM - Get Free Report) last issued its quarterly earnings results on Monday, August 4th. The technology company reported $0.18 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.16 by $0.02. The company had revenue of $74.40 million during the quarter, compared to the consensus estimate 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, research analysts anticipate 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, August 29th. Stockholders of record on Monday, August 18th were paid a dividend of $0.031 per share. The ex-dividend date of this dividend was 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%.

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.

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