Nuveen LLC Makes New $2.38 Million Investment in HealthStream, Inc. $HSTM

Nuveen LLC purchased a new position in HealthStream, Inc. (NASDAQ:HSTM) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 73,958 shares of the technology company’s stock, valued at approximately $2,380,000. Nuveen LLC owned 0.24% of HealthStream at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the business. First Horizon Advisors Inc. boosted its position in shares of HealthStream by 99.6% during the first quarter. First Horizon Advisors Inc. now owns 1,056 shares of the technology company’s stock valued at $34,000 after purchasing an additional 527 shares in the last quarter. GAMMA Investing LLC boosted its position in shares of HealthStream by 30.8% during the first quarter. GAMMA Investing LLC now owns 2,082 shares of the technology company’s stock valued at $67,000 after purchasing an additional 490 shares in the last quarter. PNC Financial Services Group Inc. boosted its position in shares of HealthStream by 62.5% during the first quarter. PNC Financial Services Group Inc. now owns 2,625 shares of the technology company’s stock valued at $84,000 after purchasing an additional 1,010 shares in the last quarter. Bessemer Group Inc. boosted its position in shares of HealthStream by 84.1% during the first quarter. Bessemer Group Inc. now owns 6,897 shares of the technology company’s stock valued at $222,000 after purchasing an additional 3,150 shares in the last quarter. Finally, Mackenzie Financial Corp bought a new stake in shares of HealthStream during the fourth quarter valued at approximately $228,000. 69.58% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, EVP Kevin P. O’hara sold 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 27th. The stock was sold at an average price of $27.97, for a total value of $55,940.00. Following the completion of the sale, the executive vice president directly owned 17,137 shares of the company’s stock, valued at $479,321.89. This trade represents a 10.45% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 20.50% of the stock is owned by insiders.

HealthStream Price Performance

Shares of NASDAQ:HSTM opened at $28.08 on Friday. The company has a market cap of $832.29 million, a P/E ratio of 41.91, a PEG ratio of 3.52 and a beta of 0.43. HealthStream, Inc. has a 1 year low of $25.36 and a 1 year high of $34.24. The stock’s fifty day moving average price is $26.94 and its 200-day moving average price is $29.46.

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

HealthStream announced that its Board of Directors has initiated a share buyback program on Thursday, May 8th that allows the company to buyback $25.00 million in shares. This buyback authorization allows the technology company to repurchase up to 3% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board believes its shares are undervalued.

HealthStream Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Monday, August 18th were paid a dividend of $0.031 per share. The ex-dividend date of this dividend was Monday, August 18th. This represents a $0.12 dividend on an annualized basis and a yield of 0.4%. HealthStream’s dividend payout ratio is presently 17.91%.

Wall Street Analysts Forecast Growth

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

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.