HealthStream, Inc. $HSTM Stock Position Lifted by Copeland Capital Management LLC

Copeland Capital Management LLC grew its position in shares of HealthStream, Inc. (NASDAQ:HSTM) by 6.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 887,553 shares of the technology company’s stock after buying an additional 51,470 shares during the period. Copeland Capital Management LLC’s holdings in HealthStream were worth $20,476,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the company. JPMorgan Chase & Co. lifted its holdings in HealthStream by 74.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 432,822 shares of the technology company’s stock worth $12,223,000 after buying an additional 184,917 shares during the last quarter. First Eagle Investment Management LLC lifted its holdings in HealthStream by 0.7% during the 3rd quarter. First Eagle Investment Management LLC now owns 409,398 shares of the technology company’s stock worth $11,561,000 after buying an additional 2,900 shares during the last quarter. Qube Research & Technologies Ltd lifted its holdings in HealthStream by 9.0% during the 3rd quarter. Qube Research & Technologies Ltd now owns 274,548 shares of the technology company’s stock worth $7,753,000 after buying an additional 22,595 shares during the last quarter. Teacher Retirement System of Texas lifted its holdings in HealthStream by 18.5% during the 4th quarter. Teacher Retirement System of Texas now owns 222,575 shares of the technology company’s stock worth $5,135,000 after buying an additional 34,669 shares during the last quarter. Finally, Ameriprise Financial Inc. lifted its holdings in HealthStream by 7.7% during the 2nd quarter. Ameriprise Financial Inc. now owns 198,023 shares of the technology company’s stock worth $5,479,000 after buying an additional 14,093 shares during the last quarter. Institutional investors own 69.58% of the company’s stock.

HealthStream Trading Down 2.7%

Shares of NASDAQ HSTM opened at $20.90 on Friday. The company has a market cap of $614.88 million, a price-to-earnings ratio of 34.26, a price-to-earnings-growth ratio of 2.47 and a beta of 0.46. HealthStream, Inc. has a 12-month low of $19.50 and a 12-month high of $34.13. The stock’s 50 day simple moving average is $20.93 and its 200 day simple moving average is $22.87.

HealthStream (NASDAQ:HSTM) last posted its earnings results on Monday, February 23rd. The technology company reported $0.18 EPS for the quarter, beating the consensus estimate of $0.16 by $0.02. HealthStream had a return on equity of 5.98% and a net margin of 6.03%.The firm had revenue of $79.71 million for the quarter, compared to analysts’ expectations of $76.21 million. As a group, equities analysts forecast that HealthStream, Inc. will post 0.73 earnings per share for the current fiscal year.

HealthStream announced that its board has approved a stock repurchase plan on Friday, March 13th that allows the company to repurchase $10.00 million in outstanding shares. This repurchase authorization allows the technology company to repurchase up to 1.7% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s board of directors believes its shares are undervalued.

HealthStream Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 20th. Investors of record on Monday, March 9th were given a $0.035 dividend. The ex-dividend date was Monday, March 9th. This represents a $0.14 annualized dividend and a yield of 0.7%. This is an increase from HealthStream’s previous quarterly dividend of $0.03. HealthStream’s payout ratio is 22.95%.

Analyst Upgrades and Downgrades

HSTM has been the topic of a number of research analyst reports. Citigroup reaffirmed a “market perform” rating on shares of HealthStream in a report on Tuesday, January 6th. Weiss Ratings downgraded HealthStream from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, March 18th. Finally, Canaccord Genuity Group set a $25.00 target price on HealthStream in a report on Thursday, January 8th. Two investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, HealthStream presently has a consensus rating of “Reduce” and an average price target of $25.00.

About HealthStream

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.