HealthStream, Inc. $HSTM Shares Sold by Intech Investment Management LLC

Intech Investment Management LLC reduced its stake in shares of HealthStream, Inc. (NASDAQ:HSTM) by 63.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 30,115 shares of the technology company’s stock after selling 52,995 shares during the quarter. Intech Investment Management LLC’s holdings in HealthStream were worth $850,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC raised its holdings in HealthStream by 241.4% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,407 shares of the technology company’s stock valued at $67,000 after acquiring an additional 1,702 shares during the last quarter. State of Wyoming purchased a new stake in shares of HealthStream in the 2nd quarter valued at approximately $106,000. PNC Financial Services Group Inc. lifted its stake in HealthStream by 149.7% during the third quarter. PNC Financial Services Group Inc. now owns 4,760 shares of the technology company’s stock worth $134,000 after purchasing an additional 2,854 shares in the last quarter. Police & Firemen s Retirement System of New Jersey lifted its stake in HealthStream by 14.9% during 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 acquired a new stake in shares of HealthStream during the third quarter worth about $203,000. Hedge funds and other institutional investors own 69.58% of the company’s stock.

HealthStream Stock Up 1.6%

HSTM stock opened at $22.25 on Monday. The stock has a market capitalization of $660.16 million, a price-to-earnings ratio of 36.48, a price-to-earnings-growth ratio of 2.54 and a beta of 0.45. The stock’s fifty day simple moving average is $21.55 and its 200-day simple moving average is $24.60. HealthStream, Inc. has a 52-week low of $19.50 and a 52-week high of $34.13.

HealthStream (NASDAQ:HSTM) last announced its quarterly earnings data on Monday, February 23rd. The technology company reported $0.18 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.02. The business had revenue of $79.71 million for the quarter, compared to analyst estimates of $76.21 million. HealthStream had a net margin of 6.03% and a return on equity of 5.98%. As a group, analysts anticipate that HealthStream, Inc. will post 0.63 earnings per share for the current fiscal year.

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

HealthStream Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 20th. Shareholders of record on Monday, March 9th will be paid a dividend of $0.035 per share. This is a boost from HealthStream’s previous quarterly dividend of $0.03. This represents a $0.14 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date is Monday, March 9th. HealthStream’s payout ratio is presently 19.67%.

Insider Buying and Selling

In other news, CTO Jeff Cunningham sold 2,100 shares of the company’s stock in a transaction on Wednesday, December 10th. The shares were sold at an average price of $24.09, for a total value of $50,589.00. Following the completion of the transaction, the chief technology officer directly owned 31,489 shares in the company, valued at approximately $758,570.01. This represents a 6.25% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 20.60% of the company’s stock.

Wall Street Analyst Weigh In

HSTM has been the subject of a number of analyst reports. Canaccord Genuity Group set a $25.00 price objective on HealthStream in a research report on Thursday, January 8th. Weiss Ratings upgraded HealthStream from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday. Wall Street Zen lowered HealthStream from a “buy” rating to a “hold” rating in a report on Saturday, November 22nd. Finally, Citigroup reissued a “market perform” rating on shares of HealthStream in a report on Tuesday, January 6th. Three analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $25.00.

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.