HealthStream, Inc. $HSTM Shares Sold by Copeland Capital Management LLC

Copeland Capital Management LLC lowered its stake in shares of HealthStream, Inc. (NASDAQ:HSTM) by 5.3% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 836,083 shares of the technology company’s stock after selling 46,867 shares during the quarter. Copeland Capital Management LLC’s holdings in HealthStream were worth $23,611,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of HSTM. American Century Companies Inc. raised its stake in HealthStream by 9.6% during the 1st quarter. American Century Companies Inc. now owns 52,445 shares of the technology company’s stock worth $1,688,000 after acquiring an additional 4,613 shares in the last quarter. Northern Trust Corp increased its position in shares of HealthStream by 26.0% during the first quarter. Northern Trust Corp now owns 386,127 shares of the technology company’s stock worth $12,426,000 after purchasing an additional 79,687 shares in the last quarter. Comerica Bank lifted its holdings in shares of HealthStream by 22.9% in the 1st quarter. Comerica Bank now owns 11,517 shares of the technology company’s stock valued at $371,000 after purchasing an additional 2,144 shares during the last quarter. Royal Bank of Canada boosted its position in shares of HealthStream by 194.2% in the 1st quarter. Royal Bank of Canada now owns 43,899 shares of the technology company’s stock valued at $1,413,000 after purchasing an additional 28,977 shares during the period. Finally, Cubist Systematic Strategies LLC purchased a new position in HealthStream during the 1st quarter worth approximately $390,000. Hedge funds and other institutional investors own 69.58% of the company’s stock.

HealthStream Trading Down 1.7%

Shares of HSTM stock opened at $23.22 on Tuesday. The business’s 50 day moving average is $24.79 and its two-hundred day moving average is $26.44. HealthStream, Inc. has a twelve month low of $23.15 and a twelve month high of $34.24. The company has a market capitalization of $688.94 million, a P/E ratio of 34.15, a price-to-earnings-growth ratio of 2.87 and a beta of 0.45.

HealthStream (NASDAQ:HSTM) last released its quarterly earnings results on Monday, November 3rd. The technology company reported $0.20 EPS for the quarter, topping the consensus estimate of $0.17 by $0.03. HealthStream had a return on equity of 5.82% and a net margin of 6.93%.The business had revenue of $76.47 million during the quarter, compared to analysts’ expectations of $75.52 million. As a group, equities analysts predict that HealthStream, Inc. will post 0.63 earnings per share for the current fiscal year.

HealthStream Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 28th. Stockholders of record on Monday, November 17th were paid a $0.031 dividend. This represents a $0.12 annualized dividend and a dividend yield of 0.5%. The ex-dividend date was Monday, November 17th. HealthStream’s dividend payout ratio (DPR) is 17.65%.

HealthStream announced that its board has approved a stock repurchase plan on Tuesday, November 11th that allows the company to repurchase $10.00 million in shares. This repurchase authorization allows the technology company to repurchase up to 1.3% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.

Analyst Upgrades and Downgrades

HSTM has been the subject of a number of research reports. Canaccord Genuity Group reiterated a “hold” rating and issued a $28.00 price objective on shares of HealthStream in a research note on Wednesday, December 17th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of HealthStream in a report on Wednesday, October 8th. Finally, Wall Street Zen cut shares of HealthStream from a “buy” rating to a “hold” rating in a research note on Saturday, November 22nd. One research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $28.00.

Insider Transactions at HealthStream

In related news, EVP Kevin P. O’hara sold 2,000 shares of the stock in a transaction dated Monday, December 8th. The shares were sold at an average price of $24.26, for a total transaction of $48,520.00. Following the completion of the transaction, the executive vice president directly owned 16,373 shares of the company’s stock, valued at $397,208.98. This represents a 10.89% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CTO Jeff Cunningham sold 2,100 shares of the firm’s stock in a transaction dated Wednesday, December 10th. The shares were sold at an average price of $24.09, for a total transaction of $50,589.00. Following the completion of the sale, the chief technology officer owned 31,489 shares of the company’s stock, valued at approximately $758,570.01. The trade was a 6.25% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 5,680 shares of company stock worth $139,336. Company insiders own 20.60% of the company’s stock.

HealthStream Company Profile

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.