JPMorgan Chase & Co. Purchases 184,917 Shares of HealthStream, Inc. $HSTM

JPMorgan Chase & Co. boosted its holdings in shares of HealthStream, Inc. (NASDAQ:HSTM) by 74.6% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 432,822 shares of the technology company’s stock after buying an additional 184,917 shares during the period. JPMorgan Chase & Co.’s holdings in HealthStream were worth $12,223,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of HSTM. Legal & General Group Plc raised its position in HealthStream by 0.6% during the second quarter. Legal & General Group Plc now owns 68,883 shares of the technology company’s stock valued at $1,906,000 after purchasing an additional 424 shares in the last quarter. Bridge City Capital LLC lifted its stake in shares of HealthStream by 0.8% in the 2nd quarter. Bridge City Capital LLC now owns 58,977 shares of the technology company’s stock valued at $1,632,000 after purchasing an additional 441 shares during the period. The Manufacturers Life Insurance Company grew its stake in HealthStream by 6.7% in the second quarter. The Manufacturers Life Insurance Company now owns 9,354 shares of the technology company’s stock worth $259,000 after purchasing an additional 586 shares during the period. Police & Firemen s Retirement System of New Jersey raised its holdings in HealthStream by 14.9% in the second quarter. Police & Firemen s Retirement System of New Jersey now owns 5,843 shares of the technology company’s stock worth $162,000 after purchasing an additional 758 shares in the last quarter. Finally, Snowden Capital Advisors LLC lifted its position in HealthStream by 8.7% during the second quarter. Snowden Capital Advisors LLC now owns 10,196 shares of the technology company’s stock valued at $282,000 after buying an additional 816 shares during the period. 69.58% of the stock is currently owned by institutional investors.

HealthStream Trading Down 0.7%

HealthStream stock opened at $21.10 on Friday. HealthStream, Inc. has a 12 month low of $19.50 and a 12 month high of $34.13. The company has a market capitalization of $626.04 million, a price-to-earnings ratio of 34.59, a price-to-earnings-growth ratio of 2.44 and a beta of 0.45. The business’s fifty day simple moving average is $21.06 and its two-hundred day simple moving average is $23.92.

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

HealthStream declared that its board has authorized a stock buyback program on Friday, March 13th that allows the company to repurchase $10.00 million in shares. This repurchase authorization allows the technology company to buy up to 1.7% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s board of directors believes its shares are undervalued.

HealthStream Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 20th. Shareholders of record on Monday, March 9th were issued a $0.035 dividend. This represents a $0.14 annualized dividend and a yield of 0.7%. This is a boost from HealthStream’s previous quarterly dividend of $0.03. The ex-dividend date of this dividend was Monday, March 9th. HealthStream’s dividend payout ratio is presently 22.95%.

Wall Street Analysts Forecast Growth

HSTM has been the topic of a number of research reports. Citigroup restated a “market perform” rating on shares of HealthStream in a report on Tuesday, January 6th. Canaccord Genuity Group set a $25.00 price target on shares of HealthStream in a research report on Thursday, January 8th. Finally, Weiss Ratings lowered shares of HealthStream from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, March 18th. Two research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Reduce” and an average target price of $25.00.

HealthStream Profile

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.