Charles Schwab Investment Management Inc. Increases Stock Position in HealthStream, Inc. (NASDAQ:HSTM) (2024)

Charles Schwab Investment Management Inc. grew its position in shares of HealthStream, Inc. (NASDAQ:HSTM – Free Report) by 2.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 199,775 shares of the technology company’s stock after purchasing an additional 5,367 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.66% of HealthStream worth $5,400,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. First Eagle Investment Management LLC grew its holdings in HealthStream by 90.5% during the 3rd quarter. First Eagle Investment Management LLC now owns 354,776 shares of the technology company’s stock valued at $7,656,000 after buying an additional 168,497 shares in the last quarter. Invesco Ltd. increased its position in HealthStream by 3.4% in the third quarter. Invesco Ltd. now owns 309,774 shares of the technology company’s stock worth $6,685,000 after purchasing an additional 10,265 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its stake in HealthStream by 9.8% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 306,338 shares of the technology company’s stock valued at $8,280,000 after purchasing an additional 27,274 shares in the last quarter. Jacobs Levy Equity Management Inc. lifted its position in HealthStream by 2.5% during the third quarter. Jacobs Levy Equity Management Inc. now owns 194,988 shares of the technology company’s stock valued at $4,208,000 after purchasing an additional 4,717 shares during the last quarter. Finally, State Board of Administration of Florida Retirement System grew its stake in shares of HealthStream by 2.6% in the 3rd quarter. State Board of Administration of Florida Retirement System now owns 77,998 shares of the technology company’s stock worth $1,683,000 after buying an additional 1,984 shares in the last quarter. 69.58% of the stock is owned by institutional investors.

HealthStream Trading Up 0.7 %

HSTM stock opened at $27.47 on Tuesday. The stock has a market cap of $835.09 million, a PE ratio of 47.36, a P/E/G ratio of 4.21 and a beta of 0.38. HealthStream, Inc. has a 12 month low of $20.47 and a 12 month high of $29.12. The company has a 50-day moving average price of $26.20 and a 200 day moving average price of $26.42.

HealthStream (NASDAQ:HSTM – Get Free Report) last announced its earnings results on Monday, April 22nd. The technology company reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.07. The business had revenue of $72.80 million during the quarter, compared to analyst estimates of $71.88 million. HealthStream had a return on equity of 5.21% and a net margin of 6.30%. The company’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.12 earnings per share. Sell-side analysts forecast that HealthStream, Inc. will post 0.54 EPS for the current year.

HealthStream Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, May 17th. Investors of record on Monday, May 6th were issued a $0.028 dividend. The ex-dividend date was Friday, May 3rd. This represents a $0.11 dividend on an annualized basis and a dividend yield of 0.41%. HealthStream’s payout ratio is 18.97%.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on HSTM shares. William Blair restated an “outperform” rating on shares of HealthStream in a research report on Tuesday, February 20th. StockNews.com lowered HealthStream from a “strong-buy” rating to a “buy” rating in a research note on Thursday, May 30th. One research analyst has rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, HealthStream has a consensus rating of “Moderate Buy” and a consensus price target of $32.00.

Check Out Our Latest Analysis on HSTM

Insider Activity at HealthStream

In other HealthStream news, SVP Scott Fenstermacher sold 1,000 shares of HealthStream stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $26.19, for a total transaction of $26,190.00. Following the completion of the sale, the senior vice president now directly owns 13,008 shares of the company’s stock, valued at approximately $340,679.52. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 20.60% of the stock is owned by company insiders.

About HealthStream

(Free Report)

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.

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