Teacher Retirement System of Texas Buys 40,599 Shares of HealthStream, Inc. (NASDAQ:HSTM)

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

Several other institutional investors have also bought and sold shares of the stock. Vanguard Group Inc. grew its stake in HealthStream by 3.1% in the 4th quarter. Vanguard Group Inc. now owns 3,055,060 shares of the technology company's stock valued at $97,151,000 after purchasing an additional 92,067 shares during the period. Copeland Capital Management LLC boosted its holdings in shares of HealthStream by 101.3% in the first quarter. Copeland Capital Management LLC now owns 763,690 shares of the technology company's stock worth $24,576,000 after acquiring an additional 384,384 shares during the period. Geode Capital Management LLC increased its position in shares of HealthStream by 2.9% during the fourth quarter. Geode Capital Management LLC now owns 694,274 shares of the technology company's stock valued at $22,082,000 after buying an additional 19,510 shares during the period. Harbor Capital Advisors Inc. boosted its holdings in HealthStream by 2.4% in the 1st quarter. Harbor Capital Advisors Inc. now owns 424,790 shares of the technology company's stock valued at $13,670,000 after purchasing an additional 10,003 shares during the period. Finally, Northern Trust Corp grew its holdings in shares of HealthStream by 13.4% during the fourth quarter. Northern Trust Corp now owns 306,440 shares of the technology company's stock worth $9,745,000 after purchasing an additional 36,239 shares in the last quarter. Institutional investors own 69.58% of the company's stock.

HealthStream Stock Down 2.2%

Shares of NASDAQ:HSTM traded down $0.61 during midday trading on Friday, reaching $26.60. The company's stock had a trading volume of 149,085 shares, compared to its average volume of 154,689. The firm has a 50 day moving average of $27.93 and a 200-day moving average of $30.83. The firm has a market capitalization of $811.97 million, a P/E ratio of 42.22, a PEG ratio of 3.54 and a beta of 0.42. HealthStream, Inc. has a 12-month low of $25.72 and a 12-month high of $34.24.

HealthStream (NASDAQ:HSTM - Get Free Report) last posted its quarterly earnings results on Monday, May 5th. The technology company reported $0.14 EPS for the quarter, missing analysts' consensus estimates 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 analysts' expectations of $74.93 million. During the same quarter in the previous year, the company earned $0.17 EPS. On average, research analysts predict that HealthStream, Inc. will post 0.63 EPS for the current year.

HealthStream Announces Dividend

The business 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. The ex-dividend date of this dividend was Monday, May 19th. This represents a $0.12 dividend on an annualized basis and a yield of 0.47%. HealthStream's dividend payout ratio is currently 19.05%.

HealthStream announced that its Board of Directors has initiated a share repurchase plan on Thursday, May 8th that authorizes the company to repurchase $25.00 million in outstanding shares. This repurchase authorization authorizes the technology company to purchase up to 3% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company's board believes its stock is undervalued.

Analyst Ratings Changes

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

HealthStream 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.