Jacobs Levy Equity Management Inc. Sells 15,812 Shares of HealthStream, Inc. (NASDAQ:HSTM)

Jacobs Levy Equity Management Inc. lowered its holdings in HealthStream, Inc. (NASDAQ:HSTM - Free Report) by 8.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 165,836 shares of the technology company's stock after selling 15,812 shares during the quarter. Jacobs Levy Equity Management Inc. owned 0.55% of HealthStream worth $5,274,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Robeco Institutional Asset Management B.V. boosted its stake in HealthStream by 26.9% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 76,260 shares of the technology company's stock valued at $2,425,000 after acquiring an additional 16,166 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of HealthStream by 18.7% during the third quarter. JPMorgan Chase & Co. now owns 57,204 shares of the technology company's stock worth $1,650,000 after acquiring an additional 9,017 shares during the period. Copeland Capital Management LLC increased its stake in HealthStream by 17,363.4% in the 4th quarter. Copeland Capital Management LLC now owns 379,306 shares of the technology company's stock valued at $12,062,000 after buying an additional 377,134 shares during the last quarter. Stifel Financial Corp acquired a new stake in HealthStream in the 4th quarter valued at $447,000. Finally, Sanctuary Advisors LLC increased its stake in shares of HealthStream by 4.8% during the 4th quarter. Sanctuary Advisors LLC now owns 15,445 shares of the technology company's stock worth $507,000 after purchasing an additional 708 shares during the last quarter. 69.58% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms have recently weighed in on HSTM. William Blair restated an "outperform" rating on shares of HealthStream in a research note on Tuesday, February 25th. Canaccord Genuity Group reduced their target price on shares of HealthStream from $30.00 to $29.00 and set a "hold" rating for the company in a report on Thursday, May 15th. Finally, JMP Securities reaffirmed a "market perform" rating on shares of HealthStream in a report on Thursday, February 6th. Two equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $31.50.

HealthStream Price Performance

HSTM stock traded down $0.16 during trading on Tuesday, reaching $28.97. 70,141 shares of the company were exchanged, compared to its average volume of 140,135. The company has a 50-day moving average of $31.23 and a two-hundred day moving average of $31.97. The company has a market capitalization of $884.31 million, a price-to-earnings ratio of 44.52, a P/E/G ratio of 4.37 and a beta of 0.50. HealthStream, Inc. has a twelve month low of $25.84 and a twelve month high of $34.24.

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 the consensus estimate of $0.16 by ($0.02). The business had revenue of $73.49 million during the quarter, compared to analyst estimates of $74.93 million. HealthStream had a net margin of 6.84% and a return on equity of 5.67%. During the same quarter last year, the company posted $0.17 earnings per share. On average, analysts forecast that HealthStream, Inc. will post 0.63 EPS for the current year.

HealthStream Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Monday, May 19th will be paid a dividend of $0.031 per share. This represents a $0.12 annualized dividend and a dividend yield of 0.43%. The ex-dividend date of this dividend is Monday, May 19th. HealthStream's payout ratio is currently 19.05%.

HealthStream declared that its board has initiated a stock buyback plan on Thursday, May 8th that allows the company to buyback $25.00 million in shares. This buyback authorization allows the technology company to reacquire up to 3% of its shares through open market purchases. Shares buyback plans are typically a sign that the company's board believes its shares are undervalued.

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.