Envestnet Asset Management Inc. Raises Position in HealthStream, Inc. $HSTM

Envestnet Asset Management Inc. boosted its stake in shares of HealthStream, Inc. (NASDAQ:HSTM) by 3.7% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 130,090 shares of the technology company’s stock after purchasing an additional 4,633 shares during the period. Envestnet Asset Management Inc. owned about 0.43% of HealthStream worth $3,600,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of HSTM. PNC Financial Services Group Inc. increased its holdings in HealthStream by 62.5% in the 1st quarter. PNC Financial Services Group Inc. now owns 2,625 shares of the technology company’s stock worth $84,000 after acquiring an additional 1,010 shares in the last quarter. Virtus Advisers LLC bought a new position in shares of HealthStream in the first quarter worth approximately $161,000. Public Employees Retirement System of Ohio boosted its position in shares of HealthStream by 342.2% in the second quarter. Public Employees Retirement System of Ohio now owns 6,407 shares of the technology company’s stock worth $177,000 after purchasing an additional 4,958 shares during the period. Avantax Advisory Services Inc. purchased a new stake in shares of HealthStream in the first quarter worth $256,000. Finally, Diversified Trust Co raised its position in shares of HealthStream by 18.8% during the 2nd quarter. Diversified Trust Co now owns 10,900 shares of the technology company’s stock valued at $302,000 after purchasing an additional 1,726 shares during the period. Hedge funds and other institutional investors own 69.58% of the company’s stock.

HealthStream Trading Down 0.4%

Shares of HSTM stock opened at $24.47 on Friday. HealthStream, Inc. has a 12-month low of $24.07 and a 12-month high of $34.24. The stock’s 50-day moving average price is $26.91 and its 200-day moving average price is $27.40. The stock has a market capitalization of $725.98 million, a price-to-earnings ratio of 36.52, a price-to-earnings-growth ratio of 3.08 and a beta of 0.43.

HealthStream (NASDAQ:HSTM) last posted its earnings results on Monday, November 3rd. The technology company reported $0.20 EPS for the quarter, topping analysts’ consensus estimates of $0.17 by $0.03. The company had revenue of $76.47 million for the quarter, compared to the consensus estimate of $75.52 million. HealthStream had a return on equity of 5.70% and a net margin of 6.89%. HealthStream has set its FY 2025 guidance at EPS. As a group, research analysts predict that HealthStream, Inc. will post 0.63 EPS for the current fiscal year.

HealthStream Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 28th. Investors of record on Monday, November 17th will be issued a $0.031 dividend. The ex-dividend date of this dividend is Monday, November 17th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.5%. HealthStream’s dividend payout ratio (DPR) is 17.65%.

HealthStream announced that its board has authorized a share repurchase program on Tuesday, November 11th that allows the company to repurchase $10.00 million in outstanding shares. This repurchase authorization allows the technology company to repurchase up to 1.3% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s leadership believes its stock is undervalued.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Wall Street Zen raised shares of HealthStream from a “hold” rating to a “buy” rating in a report on Saturday, November 8th. Canaccord Genuity Group dropped their price objective on HealthStream from $29.00 to $28.00 and set a “hold” rating for the company in a research note on Thursday, August 7th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of HealthStream in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, HealthStream presently has an average rating of “Hold” and an average target price of $28.00.

Insiders Place Their Bets

In related 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 sale, the executive vice president owned 17,137 shares of the company’s stock, valued at $479,321.89. This represents a 10.45% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 20.50% of the company’s stock.

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.