Intech Investment Management LLC Sells 52,995 Shares of HealthStream, Inc. $HSTM

Intech Investment Management LLC decreased its stake in HealthStream, Inc. (NASDAQ:HSTM) by 63.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 30,115 shares of the technology company’s stock after selling 52,995 shares during the period. Intech Investment Management LLC owned 0.10% of HealthStream worth $850,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Royal Bank of Canada grew its stake in HealthStream by 194.2% in the first quarter. Royal Bank of Canada now owns 43,899 shares of the technology company’s stock valued at $1,413,000 after acquiring an additional 28,977 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in HealthStream by 15.3% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 54,354 shares of the technology company’s stock valued at $1,749,000 after buying an additional 7,211 shares during the period. Jane Street Group LLC purchased a new stake in shares of HealthStream during the 1st quarter worth approximately $1,532,000. Envestnet Asset Management Inc. increased its holdings in HealthStream by 3.7% in the 2nd quarter. Envestnet Asset Management Inc. now owns 130,090 shares of the technology company’s stock worth $3,600,000 after acquiring an additional 4,633 shares during the last quarter. Finally, Acadian Asset Management LLC boosted its holdings in HealthStream by 5.1% in the 2nd quarter. Acadian Asset Management LLC now owns 762,343 shares of the technology company’s stock worth $21,077,000 after buying an additional 37,004 shares during the period. 69.58% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at HealthStream

In related news, CTO Jeff Cunningham sold 2,100 shares of the company’s stock in a transaction on Wednesday, December 10th. The stock was sold at an average price of $24.09, for a total transaction of $50,589.00. Following the completion of the sale, the chief technology officer directly owned 31,489 shares in the company, valued at $758,570.01. This represents a 6.25% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. 20.60% of the stock is currently owned by insiders.

HealthStream Stock Up 1.6%

Shares of HSTM stock opened at $22.25 on Monday. The company has a 50 day moving average price of $21.55 and a 200-day moving average price of $24.60. HealthStream, Inc. has a 52 week low of $19.50 and a 52 week high of $34.13. The firm has a market capitalization of $660.16 million, a PE ratio of 36.48, a P/E/G ratio of 2.54 and a beta of 0.45.

HealthStream (NASDAQ:HSTM) last posted its quarterly earnings results on Monday, February 23rd. The technology company reported $0.18 earnings per share for the quarter, topping analysts’ consensus estimates of $0.16 by $0.02. HealthStream had a net margin of 6.03% and a return on equity of 5.98%. The business had revenue of $79.71 million during the quarter, compared to analyst estimates of $76.21 million. Analysts anticipate that HealthStream, Inc. will post 0.63 earnings per share for the current year.

HealthStream declared that its Board of Directors has initiated a stock repurchase program on Tuesday, November 11th that permits the company to repurchase $10.00 million in shares. This repurchase authorization permits the technology company to repurchase up to 1.3% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s leadership believes its stock is undervalued.

HealthStream Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 20th. Investors of record on Monday, March 9th will be issued a dividend of $0.035 per share. The ex-dividend date of this dividend is Monday, March 9th. This is a positive change from HealthStream’s previous quarterly dividend of $0.03. This represents a $0.14 annualized dividend and a yield of 0.6%. HealthStream’s dividend payout ratio is 19.67%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on HSTM shares. Canaccord Genuity Group set a $25.00 price target on shares of HealthStream in a research report on Thursday, January 8th. Wall Street Zen lowered HealthStream from a “buy” rating to a “hold” rating in a research note on Saturday, November 22nd. Citigroup reissued a “market perform” rating on shares of HealthStream in a research note on Tuesday, January 6th. Finally, Weiss Ratings upgraded shares of HealthStream from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday. Three equities research analysts have rated the stock with a Hold rating, According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $25.00.

HealthStream Profile

HealthStream, Inc is a Nashville, Tennessee–based provider of workforce development and learning management solutions for healthcare organizations. Since its founding in 1990, the company has focused on helping hospitals, clinics and other care providers streamline staff training, ensure regulatory compliance and monitor employee performance. HealthStream’s platform integrates online courses, skill competency assessments and credential management tools to support workforce readiness across the healthcare continuum.

The company’s core offerings include a learning management system (LMS) designed specifically for clinical and nonclinical personnel, a competency management suite that tracks skill acquisition and validation, and a content library featuring evidence-based clinical and compliance training modules.