Jefferies Financial Group Inc. Lowers Position in HealthStream, Inc. $HSTM

Jefferies Financial Group Inc. reduced its position in shares of HealthStream, Inc. (NASDAQ:HSTM) by 14.0% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 36,300 shares of the technology company’s stock after selling 5,900 shares during the period. Jefferies Financial Group Inc. owned approximately 0.12% of HealthStream worth $1,004,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. increased its position in HealthStream by 62.5% during the 1st quarter. PNC Financial Services Group Inc. now owns 2,625 shares of the technology company’s stock worth $84,000 after purchasing an additional 1,010 shares during the period. Virtus Advisers LLC purchased a new stake in shares of HealthStream in the first quarter valued at approximately $161,000. Police & Firemen s Retirement System of New Jersey grew its holdings in HealthStream by 14.9% during the second quarter. Police & Firemen s Retirement System of New Jersey now owns 5,843 shares of the technology company’s stock worth $162,000 after acquiring an additional 758 shares during the period. Public Employees Retirement System of Ohio raised its position in 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 acquiring an additional 4,958 shares in the last quarter. Finally, Bessemer Group Inc. lifted its holdings in HealthStream by 21.7% in the second quarter. Bessemer Group Inc. now owns 8,392 shares of the technology company’s stock valued at $233,000 after acquiring an additional 1,495 shares during the period. Institutional investors and hedge funds own 69.58% of the company’s stock.

HealthStream Trading Down 1.2%

NASDAQ:HSTM opened at $25.32 on Thursday. The company has a market capitalization of $751.19 million, a P/E ratio of 37.79, a price-to-earnings-growth ratio of 3.08 and a beta of 0.43. The firm has a 50-day moving average price of $26.30 and a two-hundred day moving average price of $27.05. HealthStream, Inc. has a twelve month low of $24.07 and a twelve month high of $34.24.

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

HealthStream announced that its Board of Directors has initiated a stock buyback plan on Tuesday, November 11th that authorizes the company to repurchase $10.00 million in outstanding shares. This repurchase authorization authorizes the technology company to repurchase up to 1.3% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s leadership believes its shares are undervalued.

HealthStream Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 28th. Shareholders of record on Monday, November 17th will be given a dividend of $0.031 per share. The ex-dividend date of this dividend is Monday, November 17th. This represents a $0.12 annualized dividend and a yield of 0.5%. HealthStream’s dividend payout ratio (DPR) is presently 17.65%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on HSTM shares. Wall Street Zen cut shares of HealthStream from a “buy” rating to a “hold” rating in a research note on Saturday, November 22nd. Weiss Ratings restated a “hold (c)” rating on shares of HealthStream in a research report on Wednesday, October 8th. Finally, Canaccord Genuity Group dropped their target price on shares of HealthStream from $29.00 to $28.00 and set a “hold” rating for the company in a report on Thursday, August 7th. One equities research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $28.00.

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.