Diversified Trust Co Boosts Position in HealthStream, Inc. $HSTM

Diversified Trust Co increased its holdings in shares of HealthStream, Inc. (NASDAQ:HSTM) by 18.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 10,900 shares of the technology company’s stock after purchasing an additional 1,726 shares during the quarter. Diversified Trust Co’s holdings in HealthStream were worth $302,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. First Horizon Advisors Inc. lifted its position in shares of HealthStream by 99.6% during the 1st quarter. First Horizon Advisors Inc. now owns 1,056 shares of the technology company’s stock worth $34,000 after buying an additional 527 shares during the last quarter. GAMMA Investing LLC lifted its position in HealthStream by 30.8% in the first quarter. GAMMA Investing LLC now owns 2,082 shares of the technology company’s stock valued at $67,000 after acquiring an additional 490 shares during the last quarter. PNC Financial Services Group Inc. lifted its position in HealthStream by 62.5% in the first 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 during the last quarter. Virtus Advisers LLC purchased a new stake in HealthStream in the first quarter valued at $161,000. Finally, Bessemer Group Inc. lifted its position in HealthStream by 84.1% in the first quarter. Bessemer Group Inc. now owns 6,897 shares of the technology company’s stock valued at $222,000 after acquiring an additional 3,150 shares during the last quarter. Hedge funds and other institutional investors own 69.58% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group reduced their target price on HealthStream from $29.00 to $28.00 and set a “hold” rating for the company in a report on Thursday, August 7th. One investment 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 company’s stock. According to MarketBeat, HealthStream currently has an average rating of “Moderate Buy” and a consensus price target of $31.00.

Insider Buying and Selling

In other HealthStream news, EVP Kevin P. O’hara sold 2,000 shares of the company’s stock in a transaction on Wednesday, August 27th. The shares were sold at an average price of $27.97, for a total transaction of $55,940.00. Following the completion of the transaction, the executive vice president owned 17,137 shares in the company, valued at approximately $479,321.89. This represents a 10.45% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 20.50% of the company’s stock.

HealthStream Stock Up 0.0%

HSTM opened at $29.00 on Thursday. The business has a 50 day moving average price of $27.43 and a two-hundred day moving average price of $28.88. The company has a market cap of $859.56 million, a PE ratio of 43.28, a P/E/G ratio of 3.63 and a beta of 0.47. HealthStream, Inc. has a 52 week low of $25.36 and a 52 week high of $34.24.

HealthStream (NASDAQ:HSTM) last released its quarterly earnings results on Monday, August 4th. The technology company reported $0.18 EPS for the quarter, topping the consensus estimate of $0.16 by $0.02. HealthStream had a return on equity of 5.70% and a net margin of 6.89%.The business 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. As a group, sell-side analysts expect that HealthStream, Inc. will post 0.63 EPS for the current fiscal year.

HealthStream Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 29th. Shareholders of record on Monday, August 18th were given a dividend of $0.031 per share. The ex-dividend date 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%.

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.