HealthStream, Inc. $HSTM Shares Purchased by Russell Investments Group Ltd.

Russell Investments Group Ltd. raised its holdings in shares of HealthStream, Inc. (NASDAQ:HSTM) by 152.1% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,368 shares of the technology company’s stock after acquiring an additional 11,685 shares during the period. Russell Investments Group Ltd. owned approximately 0.06% of HealthStream worth $622,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the business. First Horizon Advisors Inc. increased its holdings 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 during the period. GAMMA Investing LLC increased its stake in HealthStream by 30.8% during the 1st quarter. GAMMA Investing LLC now owns 2,082 shares of the technology company’s stock valued at $67,000 after buying an additional 490 shares during the period. PNC Financial Services Group Inc. raised its position in shares of HealthStream by 62.5% during the 1st quarter. PNC Financial Services Group Inc. now owns 2,625 shares of the technology company’s stock worth $84,000 after buying an additional 1,010 shares in the last quarter. Bessemer Group Inc. raised its position in shares of HealthStream by 84.1% during the 1st quarter. Bessemer Group Inc. now owns 6,897 shares of the technology company’s stock worth $222,000 after buying an additional 3,150 shares in the last quarter. Finally, Mackenzie Financial Corp acquired a new stake in shares of HealthStream in the 4th quarter worth approximately $228,000. Institutional investors own 69.58% of the company’s stock.

Insider Activity at HealthStream

In other news, EVP Kevin P. O’hara sold 2,000 shares of the firm’s stock in a transaction on Wednesday, August 27th. The stock was sold at an average price of $27.97, for a total transaction 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 legal filing with the SEC, which is available through this link. Company insiders own 20.50% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group lowered their price objective on shares of HealthStream from $29.00 to $28.00 and set a “hold” rating on the stock in a research note on Thursday, August 7th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, HealthStream presently has a consensus rating of “Moderate Buy” and a consensus target price of $31.00.

HealthStream Stock Performance

Shares of NASDAQ HSTM opened at $28.08 on Friday. HealthStream, Inc. has a twelve month low of $25.36 and a twelve month high of $34.24. The firm has a 50-day moving average of $26.94 and a two-hundred day moving average of $29.44. The company has a market capitalization of $832.29 million, a price-to-earnings ratio of 41.91, a PEG ratio of 3.52 and a beta of 0.43.

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

HealthStream announced that its Board of Directors has approved a stock repurchase plan on Thursday, May 8th that authorizes the company to buyback $25.00 million in shares. This buyback authorization authorizes the technology company to repurchase up to 3% of its shares through open market purchases. Shares buyback plans are usually an indication that the company’s leadership believes its stock is undervalued.

HealthStream Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 29th. Shareholders of record on Monday, August 18th were issued a $0.031 dividend. The ex-dividend date of this dividend was Monday, August 18th. This represents a $0.12 annualized dividend and a dividend yield of 0.4%. HealthStream’s dividend payout ratio is currently 17.91%.

HealthStream Company 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.