HealthStream, Inc. (NASDAQ:HSTM) Shares Sold by Two Sigma Advisers LP

Two Sigma Advisers LP decreased its stake in shares of HealthStream, Inc. (NASDAQ:HSTM - Free Report) by 57.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 15,844 shares of the technology company's stock after selling 21,056 shares during the quarter. Two Sigma Advisers LP owned about 0.05% of HealthStream worth $504,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the business. Cerity Partners LLC increased its position in HealthStream by 3,889.2% during the fourth quarter. Cerity Partners LLC now owns 300,070 shares of the technology company's stock valued at $9,534,000 after acquiring an additional 292,548 shares during the last quarter. Norges Bank purchased a new stake in HealthStream in the fourth quarter worth about $3,649,000. Vanguard Group Inc. lifted its position in shares of HealthStream by 3.1% during the fourth quarter. Vanguard Group Inc. now owns 3,055,060 shares of the technology company's stock valued at $97,151,000 after buying an additional 92,067 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its position in shares of HealthStream by 47.5% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 221,609 shares of the technology company's stock valued at $7,047,000 after buying an additional 71,379 shares during the last quarter. Finally, Jefferies Financial Group Inc. purchased a new stake in shares of HealthStream during the fourth quarter valued at about $1,822,000. Institutional investors own 69.58% of the company's stock.

HealthStream Stock Performance

Shares of NASDAQ:HSTM traded up $0.23 during midday trading on Friday, reaching $28.53. 139,716 shares of the company's stock traded hands, compared to its average volume of 148,406. HealthStream, Inc. has a 1 year low of $25.84 and a 1 year high of $34.24. The company has a market cap of $870.88 million, a P/E ratio of 43.89, a PEG ratio of 4.37 and a beta of 0.43. The company has a fifty day simple moving average of $30.22 and a two-hundred day simple moving average of $31.63.

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 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 analysts' expectations of $74.93 million. HealthStream had a net margin of 6.84% and a return on equity of 5.67%. During the same quarter in the previous year, the business posted $0.17 EPS. As a group, research analysts forecast that HealthStream, Inc. will post 0.63 EPS for the current fiscal year.

HealthStream declared that its board has approved a stock 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 buy up to 3% of its stock through open market purchases. Stock buyback programs are often an indication that the company's leadership believes its shares are undervalued.

HealthStream Dividend Announcement

The company also recently disclosed 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 0.43%. HealthStream's payout ratio is currently 19.05%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. William Blair reaffirmed an "outperform" rating on shares of HealthStream in a research report on Tuesday, February 25th. Canaccord Genuity Group dropped their price objective on shares of HealthStream from $30.00 to $29.00 and set a "hold" rating on the stock in a research note on Thursday, May 15th. Two 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's stock. According to MarketBeat, HealthStream presently has an average rating of "Moderate Buy" and an average target price 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.