Teacher Retirement System of Texas Raises Stake in HealthStream, Inc. (NASDAQ:HSTM)

Teacher Retirement System of Texas raised its stake in HealthStream, Inc. (NASDAQ:HSTM - Free Report) by 51.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 119,963 shares of the technology company's stock after acquiring an additional 40,599 shares during the quarter. Teacher Retirement System of Texas owned approximately 0.39% of HealthStream worth $3,860,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. First Horizon Advisors Inc. lifted its stake in shares of 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 buying an additional 527 shares in the last quarter. Copeland Capital Management LLC increased 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 buying an additional 384,384 shares during the last quarter. Diversified Trust Co grew its holdings in shares of HealthStream by 5.0% during the 1st quarter. Diversified Trust Co now owns 9,174 shares of the technology company's stock valued at $295,000 after purchasing an additional 441 shares during the last quarter. Robeco Institutional Asset Management B.V. grew its holdings in shares of HealthStream by 90.4% during the 1st quarter. Robeco Institutional Asset Management B.V. now owns 145,222 shares of the technology company's stock valued at $4,673,000 after purchasing an additional 68,962 shares during the last quarter. Finally, Bessemer Group Inc. grew its holdings in shares of HealthStream by 84.1% during the 1st quarter. Bessemer Group Inc. now owns 6,897 shares of the technology company's stock valued at $222,000 after purchasing an additional 3,150 shares during the last quarter. 69.58% of the stock is currently owned by hedge funds and other institutional investors.

HealthStream Price Performance

HealthStream stock traded down $0.13 during trading hours on Tuesday, reaching $27.46. The stock had a trading volume of 142,371 shares, compared to its average volume of 179,614. The stock has a market cap of $838.22 million, a PE ratio of 43.59, a PEG ratio of 3.59 and a beta of 0.42. HealthStream, Inc. has a 52 week low of $25.72 and a 52 week high of $34.24. The company has a fifty day simple moving average of $28.30 and a 200-day simple moving average of $30.90.

HealthStream (NASDAQ:HSTM - Get Free Report) last announced its quarterly earnings results on Monday, May 5th. The technology company reported $0.14 earnings per share (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 return on equity of 5.36% and a net margin of 6.54%. During the same period last year, the business earned $0.17 EPS. Research analysts predict that HealthStream, Inc. will post 0.63 earnings per share for the current fiscal year.

HealthStream announced that its board has approved a stock buyback program on Thursday, May 8th that authorizes the company to repurchase $25.00 million in shares. This repurchase authorization authorizes the technology company to purchase up to 3% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company's management believes its stock is undervalued.

HealthStream Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, May 30th. Shareholders of record on Monday, May 19th were issued a $0.031 dividend. This represents a $0.12 dividend on an annualized basis and a yield of 0.45%. The ex-dividend date of this dividend was Monday, May 19th. HealthStream's dividend payout ratio (DPR) is presently 19.05%.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group reduced their target price on shares of HealthStream from $30.00 to $29.00 and set a "hold" rating on the stock in a report on Thursday, May 15th. Two equities research 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, HealthStream presently has a consensus rating of "Moderate Buy" and a consensus price target 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.