Comerica Bank Buys 618 Shares of HealthStream, Inc. (NASDAQ:HSTM)

Comerica Bank lifted its holdings in HealthStream, Inc. (NASDAQ:HSTM) by 7.1% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 9,373 shares of the technology company’s stock after buying an additional 618 shares during the period. Comerica Bank’s holdings in HealthStream were worth $298,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Rhumbline Advisers lifted its position in shares of HealthStream by 0.6% during the fourth quarter. Rhumbline Advisers now owns 74,468 shares of the technology company’s stock worth $2,368,000 after acquiring an additional 412 shares in the last quarter. Franklin Resources Inc. boosted its position in HealthStream by 0.9% during the fourth quarter. Franklin Resources Inc. now owns 44,672 shares of the technology company’s stock valued at $1,421,000 after buying an additional 413 shares during the period. Sterling Capital Management LLC boosted its position in HealthStream by 3.0% during the fourth quarter. Sterling Capital Management LLC now owns 15,814 shares of the technology company’s stock valued at $503,000 after buying an additional 459 shares during the period. Bridge City Capital LLC boosted its holdings in shares of HealthStream by 0.9% during the fourth quarter. Bridge City Capital LLC now owns 59,254 shares of the technology company’s stock worth $1,884,000 after purchasing an additional 535 shares during the period. Finally, Sanctuary Advisors LLC boosted its holdings in shares of HealthStream by 4.8% during the fourth 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 period. Hedge funds and other institutional investors own 69.58% of the company’s stock.

HealthStream Stock Performance

Shares of HSTM opened at $28.49 on Friday. The stock has a 50-day moving average of $31.29 and a two-hundred day moving average of $31.93. HealthStream, Inc. has a one year low of $25.84 and a one year high of $34.24. The stock has a market cap of $869.66 million, a P/E ratio of 43.83, a P/E/G ratio of 4.37 and a beta of 0.50.

HealthStream (NASDAQ:HSTM) last released its quarterly earnings results 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). HealthStream had a return on equity of 5.67% and a net margin of 6.84%. The business had revenue of $73.49 million during the quarter, compared to analyst estimates of $74.93 million. During the same period in the previous year, the company posted $0.17 EPS. Analysts predict that HealthStream, Inc. will post 0.63 EPS for the current fiscal year.

HealthStream declared that its Board of Directors has initiated a stock repurchase program on Thursday, May 8th that permits the company to buyback $25.00 million in outstanding shares. This buyback authorization permits the technology company to reacquire up to 3% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s board believes its stock is undervalued.

HealthStream Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Monday, May 19th will be paid a $0.031 dividend. This represents a $0.12 annualized dividend and a dividend yield of 0.44%. The ex-dividend date of this dividend is Monday, May 19th. HealthStream’s payout ratio is currently 19.05%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on HSTM shares. Canaccord Genuity Group decreased their target price on shares of HealthStream from $30.00 to $29.00 and set a “hold” rating for the company in a research note on Thursday. William Blair reaffirmed an “outperform” rating on shares of HealthStream in a research report on Tuesday, February 25th. Finally, JMP Securities reiterated a “market perform” rating on shares of HealthStream in a research note on Thursday, February 6th. Two analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from 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.