Public Sector Pension Investment Board Increases Position in HealthStream, Inc. (NASDAQ:HSTM)

Public Sector Pension Investment Board lifted its stake in shares of HealthStream, Inc. (NASDAQ:HSTM) by 6.4% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 52,833 shares of the technology company’s stock after purchasing an additional 3,180 shares during the period. Public Sector Pension Investment Board owned about 0.17% of HealthStream worth $1,474,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in HSTM. Vanguard Group Inc. raised its position in shares of HealthStream by 1.1% during the 1st quarter. Vanguard Group Inc. now owns 2,938,685 shares of the technology company’s stock worth $78,345,000 after purchasing an additional 31,943 shares during the period. Dimensional Fund Advisors LP raised its holdings in HealthStream by 1.0% during the second quarter. Dimensional Fund Advisors LP now owns 1,570,735 shares of the technology company’s stock worth $43,824,000 after purchasing an additional 15,379 shares in the last quarter. First Eagle Investment Management LLC raised its stake in shares of HealthStream by 7.1% in the 2nd quarter. First Eagle Investment Management LLC now owns 530,178 shares of the technology company’s stock worth $14,792,000 after buying an additional 35,350 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of HealthStream by 2.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 199,775 shares of the technology company’s stock worth $5,400,000 after purchasing an additional 5,367 shares in the last quarter. Finally, Hillsdale Investment Management Inc. lifted its position in shares of HealthStream by 8.7% during the 1st quarter. Hillsdale Investment Management Inc. now owns 188,881 shares of the technology company’s stock valued at $5,036,000 after acquiring an additional 15,150 shares during the last quarter. Institutional investors and hedge funds own 69.58% of the company’s stock.

HealthStream Stock Performance

Shares of HSTM opened at $28.84 on Tuesday. The company has a market cap of $876.68 million, a price-to-earnings ratio of 49.72, a PEG ratio of 4.25 and a beta of 0.36. The stock has a fifty day moving average price of $28.61 and a two-hundred day moving average price of $27.56. HealthStream, Inc. has a 52-week low of $21.49 and a 52-week high of $31.15.

HealthStream (NASDAQ:HSTM) last released its quarterly earnings data on Monday, July 22nd. The technology company reported $0.14 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.02. HealthStream had a net margin of 6.26% and a return on equity of 5.19%. The business had revenue of $71.56 million for the quarter, compared to analyst estimates of $72.85 million. During the same quarter last year, the firm earned $0.13 EPS. HealthStream’s quarterly revenue was up 3.4% compared to the same quarter last year. As a group, research analysts predict that HealthStream, Inc. will post 0.56 EPS for the current fiscal year.

HealthStream Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 16th. Shareholders of record on Monday, August 5th were given a dividend of $0.028 per share. This represents a $0.11 annualized dividend and a dividend yield of 0.39%. The ex-dividend date of this dividend was Monday, August 5th. HealthStream’s dividend payout ratio (DPR) is 18.97%.

Analysts Set New Price Targets

HSTM has been the topic of several research analyst reports. Canaccord Genuity Group lifted their price objective on shares of HealthStream from $27.00 to $28.00 and gave the stock a “hold” rating in a research report on Wednesday, July 24th. StockNews.com cut shares of HealthStream from a “strong-buy” rating to a “buy” rating in a report on Wednesday, July 24th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $30.00.

Insiders Place Their Bets

In related news, Director Tate Deborah Taylor sold 1,400 shares of HealthStream stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $28.53, for a total transaction of $39,942.00. Following the completion of the sale, the director now owns 22,326 shares of the company’s stock, valued at approximately $636,960.78. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, SVP Kevin P. O’hara sold 3,000 shares of HealthStream stock in a transaction dated Wednesday, August 7th. The stock was sold at an average price of $28.03, for a total transaction of $84,090.00. Following the sale, the senior vice president now directly owns 9,527 shares of the company’s stock, valued at $267,041.81. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Tate Deborah Taylor sold 1,400 shares of HealthStream stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $28.53, for a total value of $39,942.00. Following the completion of the transaction, the director now directly owns 22,326 shares in the company, valued at $636,960.78. The disclosure for this sale can be found here. Insiders own 20.60% of the company’s stock.

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.