Healthcare Services Group, Inc. (NASDAQ:HCSG) has received a consensus rating of “Hold” from the six research firms that are covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $55.33.

HCSG has been the topic of several recent analyst reports. Jefferies Group reiterated a “hold” rating and issued a $49.00 price target on shares of Healthcare Services Group in a report on Friday, September 29th. Robert W. Baird reiterated a “buy” rating and issued a $52.00 price target on shares of Healthcare Services Group in a report on Wednesday, October 4th. Stifel Nicolaus reiterated a “buy” rating on shares of Healthcare Services Group in a report on Thursday, October 19th. Zacks Investment Research upgraded Healthcare Services Group from a “hold” rating to a “buy” rating and set a $58.00 price target on the stock in a report on Thursday, October 19th. Finally, Credit Suisse Group reiterated an “outperform” rating and issued a $62.00 price target (up from $56.00) on shares of Healthcare Services Group in a report on Friday, November 3rd.

Shares of Healthcare Services Group (HCSG) traded up $0.69 during trading on Friday, reaching $52.71. The company had a trading volume of 345,700 shares, compared to its average volume of 438,150. Healthcare Services Group has a 52 week low of $37.54 and a 52 week high of $55.68. The company has a market capitalization of $3,860.00, a price-to-earnings ratio of 44.29, a PEG ratio of 3.35 and a beta of 0.62.

Healthcare Services Group (NASDAQ:HCSG) last announced its quarterly earnings results on Tuesday, October 17th. The business services provider reported $0.31 EPS for the quarter, meeting analysts’ consensus estimates of $0.31. Healthcare Services Group had a return on equity of 24.17% and a net margin of 5.00%. The company had revenue of $491.40 million during the quarter, compared to analyst estimates of $485.53 million. During the same period in the prior year, the company earned $0.27 earnings per share. The firm’s revenue was up 25.1% on a year-over-year basis. research analysts anticipate that Healthcare Services Group will post 1.24 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 22nd. Shareholders of record on Friday, November 17th were issued a dividend of $0.19 per share. This is an increase from Healthcare Services Group’s previous quarterly dividend of $0.19. This represents a $0.76 annualized dividend and a yield of 1.44%. The ex-dividend date was Thursday, November 16th. Healthcare Services Group’s dividend payout ratio (DPR) is presently 63.87%.

In other Healthcare Services Group news, EVP Michael E. Mcbryan sold 800 shares of the stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $53.00, for a total transaction of $42,400.00. Following the sale, the executive vice president now owns 14,413 shares of the company’s stock, valued at approximately $763,889. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Michael E. Mcbryan sold 22,500 shares of the stock in a transaction on Friday, November 3rd. The shares were sold at an average price of $53.03, for a total value of $1,193,175.00. Following the sale, the insider now directly owns 14,413 shares in the company, valued at approximately $764,321.39. The disclosure for this sale can be found here. Company insiders own 4.30% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. 1st Global Advisors Inc. boosted its position in shares of Healthcare Services Group by 0.5% in the 2nd quarter. 1st Global Advisors Inc. now owns 16,996 shares of the business services provider’s stock worth $796,000 after purchasing an additional 81 shares in the last quarter. Pinebridge Investments L.P. boosted its position in shares of Healthcare Services Group by 1.2% in the 2nd quarter. Pinebridge Investments L.P. now owns 9,616 shares of the business services provider’s stock worth $450,000 after purchasing an additional 118 shares in the last quarter. Public Employees Retirement System of Ohio boosted its position in shares of Healthcare Services Group by 4.7% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 3,005 shares of the business services provider’s stock worth $141,000 after purchasing an additional 135 shares in the last quarter. Ameritas Investment Partners Inc. boosted its position in shares of Healthcare Services Group by 2.9% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 6,257 shares of the business services provider’s stock worth $293,000 after purchasing an additional 176 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Healthcare Services Group by 9.8% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,700 shares of the business services provider’s stock worth $126,000 after purchasing an additional 242 shares in the last quarter. 92.88% of the stock is currently owned by institutional investors and hedge funds.

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Healthcare Services Group Company Profile

Healthcare Services Group, Inc provides management, administrative and operating services to the housekeeping, laundry, linen, facility maintenance and dietary service departments of the healthcare industry, including nursing homes, retirement complexes, rehabilitation centers and hospitals located throughout the United States.

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