Principal Financial Group Inc. Has $3.45 Million Stock Holdings in HealthStream, Inc. (NASDAQ:HSTM)

Principal Financial Group Inc. lessened its holdings in HealthStream, Inc. (NASDAQ:HSTM) by 3.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 123,688 shares of the technology company’s stock after selling 4,993 shares during the period. Principal Financial Group Inc. owned about 0.41% of HealthStream worth $3,451,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Harbor Capital Advisors Inc. boosted its position in HealthStream by 197.8% during the second quarter. Harbor Capital Advisors Inc. now owns 165,885 shares of the technology company’s stock valued at $4,628,000 after purchasing an additional 110,189 shares during the last quarter. First Eagle Investment Management LLC boosted its position in HealthStream by 21.5% during the first quarter. First Eagle Investment Management LLC now owns 494,828 shares of the technology company’s stock valued at $13,192,000 after purchasing an additional 87,400 shares during the last quarter. Assenagon Asset Management S.A. boosted its position in HealthStream by 58.6% during the second quarter. Assenagon Asset Management S.A. now owns 146,826 shares of the technology company’s stock valued at $4,096,000 after purchasing an additional 54,227 shares during the last quarter. Wakefield Asset Management LLLP acquired a new stake in HealthStream during the first quarter valued at $909,000. Finally, Allspring Global Investments Holdings LLC boosted its position in HealthStream by 97.1% during the second quarter. Allspring Global Investments Holdings LLC now owns 67,296 shares of the technology company’s stock valued at $1,878,000 after purchasing an additional 33,161 shares during the last quarter. Institutional investors and hedge funds own 69.58% of the company’s stock.

Insider Transactions at HealthStream

In other news, SVP Kevin P. O’hara sold 3,000 shares of HealthStream stock in a transaction dated Wednesday, August 7th. The stock was sold at an average price of $28.03, for a total value of $84,090.00. Following the transaction, the senior vice president now directly owns 9,527 shares in the company, valued at $267,041.81. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, SVP Kevin P. O’hara sold 3,000 shares of the business’s stock in a transaction dated Wednesday, August 7th. The stock was sold at an average price of $28.03, for a total transaction of $84,090.00. Following the transaction, the senior vice president now directly owns 9,527 shares in the company, valued at $267,041.81. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Tate Deborah Taylor sold 1,400 shares of the business’s stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $28.53, for a total value of $39,942.00. Following the transaction, the director now owns 22,326 shares in the company, valued at $636,960.78. The disclosure for this sale can be found here. 20.60% of the stock is currently owned by corporate insiders.

HealthStream Price Performance

NASDAQ HSTM opened at $27.91 on Thursday. HealthStream, Inc. has a fifty-two week low of $20.47 and a fifty-two week high of $31.15. The stock’s 50-day moving average is $28.66 and its two-hundred day moving average is $27.37. The firm has a market cap of $848.41 million, a P/E ratio of 48.12, a price-to-earnings-growth ratio of 4.19 and a beta of 0.36.

HealthStream (NASDAQ:HSTM) last posted its quarterly earnings data on Monday, July 22nd. The technology company reported $0.14 EPS for the quarter, topping analysts’ consensus estimates of $0.12 by $0.02. The business had revenue of $71.56 million for the quarter, compared to analyst estimates of $72.85 million. HealthStream had a return on equity of 5.19% and a net margin of 6.26%. The firm’s revenue for the quarter was up 3.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.13 earnings per share. On average, equities analysts expect that HealthStream, Inc. will post 0.56 EPS for the current year.

HealthStream Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 16th. Stockholders of record on Monday, August 5th were paid a $0.028 dividend. The ex-dividend date was Monday, August 5th. This represents a $0.11 dividend on an annualized basis and a dividend yield of 0.40%. HealthStream’s payout ratio is presently 18.97%.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. StockNews.com lowered HealthStream from a “strong-buy” rating to a “buy” rating in a report on Wednesday, July 24th. Canaccord Genuity Group raised their target price on HealthStream from $27.00 to $28.00 and gave the company a “hold” rating in a report on Wednesday, July 24th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $30.00.

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.