HealthStream, Inc. $HSTM Position Reduced by Swiss National Bank

Swiss National Bank trimmed its position in HealthStream, Inc. (NASDAQ:HSTM) by 1.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 47,200 shares of the technology company’s stock after selling 500 shares during the quarter. Swiss National Bank owned approximately 0.15% of HealthStream worth $1,519,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. PNC Financial Services Group Inc. lifted its position in shares of HealthStream by 62.5% in the 1st quarter. PNC Financial Services Group Inc. now owns 2,625 shares of the technology company’s stock valued at $84,000 after acquiring an additional 1,010 shares in the last quarter. Natixis Advisors LLC raised its stake in HealthStream by 16.7% during the 1st quarter. Natixis Advisors LLC now owns 12,150 shares of the technology company’s stock valued at $391,000 after purchasing an additional 1,740 shares during the period. Vestcor Inc raised its stake in HealthStream by 127.2% during the 1st quarter. Vestcor Inc now owns 11,379 shares of the technology company’s stock valued at $366,000 after purchasing an additional 6,371 shares during the period. Carrera Capital Advisors purchased a new stake in shares of HealthStream in the first quarter valued at $1,396,000. Finally, Avantax Advisory Services Inc. acquired a new stake in shares of HealthStream in the first quarter worth $256,000. Institutional investors and hedge funds own 69.58% of the company’s stock.

HealthStream Trading Up 3.0%

HSTM opened at $27.74 on Monday. The stock has a fifty day moving average price of $26.86 and a 200 day moving average price of $29.60. HealthStream, Inc. has a 1 year low of $25.36 and a 1 year high of $34.24. The stock has a market cap of $822.21 million, a price-to-earnings ratio of 41.40, a PEG ratio of 3.48 and a beta of 0.43.

HealthStream (NASDAQ:HSTM) last announced its quarterly earnings results on Monday, August 4th. The technology company reported $0.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.02. The business had revenue of $74.40 million during the quarter, compared to analyst estimates of $74.39 million. HealthStream had a return on equity of 5.70% and a net margin of 6.89%. HealthStream has set its FY 2025 guidance at EPS. As a group, sell-side analysts forecast that HealthStream, Inc. will post 0.63 earnings per share for the current fiscal year.

HealthStream Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, August 29th. Stockholders of record on Monday, August 18th will be given a $0.031 dividend. The ex-dividend date of this dividend is Monday, August 18th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.4%. HealthStream’s dividend payout ratio (DPR) is currently 17.91%.

HealthStream declared that its board has approved a share repurchase program on Thursday, May 8th that allows the company to repurchase $25.00 million in outstanding shares. This repurchase authorization allows the technology company to purchase up to 3% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s board believes its stock is undervalued.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group lowered their price target on HealthStream from $29.00 to $28.00 and set a “hold” rating on the stock in a report on Thursday, August 7th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, HealthStream has an average rating of “Moderate Buy” and an average price target of $31.00.

About HealthStream

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.