HealthStream, Inc. $HSTM Shares Sold by Vanguard Group Inc.

Vanguard Group Inc. lowered its stake in HealthStream, Inc. (NASDAQ:HSTM) by 2.5% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 2,985,082 shares of the technology company’s stock after selling 75,887 shares during the period. Vanguard Group Inc. owned 10.07% of HealthStream worth $84,299,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of HSTM. Tower Research Capital LLC TRC increased its holdings in HealthStream by 241.4% in the second quarter. Tower Research Capital LLC TRC now owns 2,407 shares of the technology company’s stock valued at $67,000 after buying an additional 1,702 shares during the last quarter. State of Wyoming bought a new position in HealthStream during the 2nd quarter worth approximately $106,000. PNC Financial Services Group Inc. lifted its holdings in HealthStream by 149.7% during the 3rd quarter. PNC Financial Services Group Inc. now owns 4,760 shares of the technology company’s stock worth $134,000 after buying an additional 2,854 shares during the last quarter. Police & Firemen s Retirement System of New Jersey grew its position in shares of HealthStream by 14.9% in the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 5,843 shares of the technology company’s stock worth $162,000 after acquiring an additional 758 shares in the last quarter. Finally, Arizona State Retirement System bought a new stake in shares of HealthStream in the 3rd quarter valued at approximately $203,000. Institutional investors and hedge funds own 69.58% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently issued reports on HSTM. Weiss Ratings upgraded HealthStream from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday. Canaccord Genuity Group set a $25.00 price target on shares of HealthStream in a research report on Thursday, January 8th. Citigroup reaffirmed a “market perform” rating on shares of HealthStream in a report on Tuesday, January 6th. Finally, Wall Street Zen lowered shares of HealthStream from a “buy” rating to a “hold” rating in a research note on Saturday, November 22nd. Three equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $25.00.

HealthStream Stock Performance

Shares of NASDAQ HSTM opened at $21.89 on Friday. HealthStream, Inc. has a 1 year low of $19.50 and a 1 year high of $34.13. The stock has a fifty day moving average price of $21.58 and a two-hundred day moving average price of $24.66. The firm has a market cap of $649.48 million, a P/E ratio of 35.89, a PEG ratio of 2.43 and a beta of 0.45.

HealthStream (NASDAQ:HSTM) last issued its quarterly earnings results on Monday, February 23rd. The technology company reported $0.18 EPS for the quarter, topping the consensus estimate of $0.16 by $0.02. HealthStream had a net margin of 6.03% and a return on equity of 5.98%. The firm had revenue of $79.71 million for the quarter, compared to analysts’ expectations of $76.21 million. On average, research analysts predict that HealthStream, Inc. will post 0.63 earnings per share for the current fiscal year.

HealthStream Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 20th. Stockholders of record on Monday, March 9th will be issued a dividend of $0.035 per share. This is a positive change from HealthStream’s previous quarterly dividend of $0.03. This represents a $0.14 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend is Monday, March 9th. HealthStream’s dividend payout ratio (DPR) is currently 19.67%.

HealthStream declared that its Board of Directors has approved a share buyback plan on Tuesday, November 11th that authorizes the company to buyback $10.00 million in outstanding shares. This buyback authorization authorizes the technology company to repurchase up to 1.3% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s board believes its stock is undervalued.

Insider Transactions at HealthStream

In other HealthStream news, CTO Jeff Cunningham sold 2,100 shares of the business’s stock in a transaction dated Wednesday, December 10th. The stock was sold at an average price of $24.09, for a total transaction of $50,589.00. Following the sale, the chief technology officer owned 31,489 shares in the company, valued at approximately $758,570.01. The trade was a 6.25% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Kevin P. O’hara sold 2,000 shares of the company’s stock in a transaction that occurred on Monday, December 8th. The shares were sold at an average price of $24.26, for a total transaction of $48,520.00. Following the completion of the sale, the executive vice president owned 16,373 shares of the company’s stock, valued at approximately $397,208.98. This trade represents a 10.89% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 20.50% of the company’s stock.

About HealthStream

HealthStream, Inc is a Nashville, Tennessee–based provider of workforce development and learning management solutions for healthcare organizations. Since its founding in 1990, the company has focused on helping hospitals, clinics and other care providers streamline staff training, ensure regulatory compliance and monitor employee performance. HealthStream’s platform integrates online courses, skill competency assessments and credential management tools to support workforce readiness across the healthcare continuum.

The company’s core offerings include a learning management system (LMS) designed specifically for clinical and nonclinical personnel, a competency management suite that tracks skill acquisition and validation, and a content library featuring evidence-based clinical and compliance training modules.