Truist Financial Corp trimmed its position in shares of HealthStream, Inc. (NASDAQ:HSTM – Free Report) by 16.6% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 25,215 shares of the technology company’s stock after selling 5,011 shares during the period. Truist Financial Corp owned approximately 0.08% of HealthStream worth $683,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Swiss National Bank increased its stake in shares of HealthStream by 6.8% in the 1st quarter. Swiss National Bank now owns 59,700 shares of the technology company’s stock valued at $1,189,000 after purchasing an additional 3,800 shares during the last quarter. Citigroup Inc. grew its position in HealthStream by 7.0% in the first quarter. Citigroup Inc. now owns 22,973 shares of the technology company’s stock valued at $458,000 after acquiring an additional 1,510 shares during the last quarter. MetLife Investment Management LLC raised its stake in HealthStream by 70.8% during the first quarter. MetLife Investment Management LLC now owns 15,509 shares of the technology company’s stock worth $309,000 after acquiring an additional 6,429 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings in shares of HealthStream by 14.1% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 21,768 shares of the technology company’s stock worth $434,000 after acquiring an additional 2,684 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of HealthStream by 2.9% in the first quarter. Dimensional Fund Advisors LP now owns 1,467,146 shares of the technology company’s stock worth $29,226,000 after acquiring an additional 41,720 shares during the last quarter. 70.60% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
A number of research firms recently issued reports on HSTM. StockNews.com assumed coverage on shares of HealthStream in a research report on Thursday, August 17th. They set a “buy” rating for the company. William Blair reaffirmed an “outperform” rating on shares of HealthStream in a research note on Tuesday, July 25th.
Read Our Latest Stock Analysis on HSTM
HealthStream Trading Up 0.6 %
Shares of HSTM stock opened at $21.32 on Thursday. The firm has a market capitalization of $654.31 million, a price-to-earnings ratio of 50.76, a PEG ratio of 4.46 and a beta of 0.49. The business’s 50-day moving average price is $23.14 and its 200-day moving average price is $24.44. HealthStream, Inc. has a 12 month low of $20.51 and a 12 month high of $27.69.
HealthStream (NASDAQ:HSTM – Get Free Report) last posted its earnings results on Monday, July 24th. The technology company reported $0.13 EPS for the quarter, topping the consensus estimate of $0.09 by $0.04. The business had revenue of $69.20 million for the quarter, compared to the consensus estimate of $68.88 million. HealthStream had a net margin of 4.70% and a return on equity of 3.45%. The firm’s revenue was up 5.4% compared to the same quarter last year. During the same period last year, the company earned $0.10 EPS. On average, sell-side analysts predict that HealthStream, Inc. will post 0.4 earnings per share for the current fiscal year.
HealthStream Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Monday, September 18th will be issued a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a yield of 0.47%. The ex-dividend date of this dividend is Friday, September 15th. HealthStream’s payout ratio is presently 23.81%.
About HealthStream
HealthStream, Inc provides workforce and provider solutions for healthcare organizations in the United States. It offers workforce solutions, including software-as-a-service (SaaS) based services and subscription-based solutions to meet the range of its clinical development, talent management, training, education, certification, scheduling, competency assessment, performance appraisal, and other needs, as well as implementation, training, account management services.
Further Reading
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