Shares of Healthcare Services Group, Inc. (NASDAQ:HCSG) have received an average rating of “Buy” from the six ratings firms that are currently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $53.00.

A number of research firms have commented on HCSG. BidaskClub raised Healthcare Services Group from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, August 23rd. Jefferies Group LLC reissued a “hold” rating and issued a $49.00 target price on shares of Healthcare Services Group in a research report on Tuesday, August 22nd. Zacks Investment Research raised Healthcare Services Group from a “hold” rating to a “buy” rating and set a $58.00 target price for the company in a research report on Friday, July 14th. Credit Suisse Group reissued an “outperform” rating and issued a $56.00 target price (up previously from $50.00) on shares of Healthcare Services Group in a research report on Thursday, July 13th. Finally, Stifel Nicolaus reissued a “buy” rating and issued a $50.00 target price (up previously from $48.00) on shares of Healthcare Services Group in a research report on Wednesday, July 12th.

In related news, Director Robert J. Moss sold 2,000 shares of the company’s stock in a transaction that occurred on Friday, July 14th. The stock was sold at an average price of $52.76, for a total value of $105,520.00. Following the sale, the director now owns 2,000 shares in the company, valued at approximately $105,520. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Robert L. Frome sold 5,000 shares of the company’s stock in a transaction that occurred on Thursday, July 27th. The stock was sold at an average price of $53.00, for a total value of $265,000.00. Following the completion of the sale, the director now owns 20,501 shares in the company, valued at approximately $1,086,553. The disclosure for this sale can be found here. Insiders sold a total of 36,750 shares of company stock worth $1,910,345 in the last 90 days. 4.30% of the stock is currently owned by company insiders.

Several institutional investors have recently bought and sold shares of HCSG. Zurcher Kantonalbank Zurich Cantonalbank grew its stake 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 buying an additional 242 shares during the last quarter. LS Investment Advisors LLC grew its stake in shares of Healthcare Services Group by 4.0% in the 2nd quarter. LS Investment Advisors LLC now owns 2,834 shares of the business services provider’s stock worth $133,000 after buying an additional 108 shares during the last quarter. Public Employees Retirement System of Ohio grew its stake 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 buying an additional 135 shares during the last quarter. Bruderman Asset Management LLC purchased a new stake in shares of Healthcare Services Group in the 2nd quarter worth approximately $170,000. Finally, Riverhead Capital Management LLC grew its stake in shares of Healthcare Services Group by 69.1% in the 2nd quarter. Riverhead Capital Management LLC now owns 4,059 shares of the business services provider’s stock worth $190,000 after buying an additional 1,659 shares during the last quarter. Institutional investors own 91.72% of the company’s stock.

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Shares of Healthcare Services Group (NASDAQ HCSG) traded down 0.20% during midday trading on Friday, reaching $50.63. The company’s stock had a trading volume of 191,886 shares. Healthcare Services Group has a 12-month low of $34.83 and a 12-month high of $54.28. The company has a market capitalization of $3.71 billion, a P/E ratio of 44.41 and a beta of 0.63. The company’s 50-day moving average price is $51.55 and its 200 day moving average price is $47.25.

Healthcare Services Group (NASDAQ:HCSG) last released its quarterly earnings results on Tuesday, July 11th. The business services provider reported $0.30 EPS for the quarter, beating analysts’ consensus estimates of $0.29 by $0.01. The business had revenue of $470.90 million during the quarter, compared to analyst estimates of $425.24 million. Healthcare Services Group had a return on equity of 24.12% and a net margin of 5.07%. Healthcare Services Group’s quarterly revenue was up 21.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.26 EPS. On average, equities research analysts forecast that Healthcare Services Group will post $1.25 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 22nd. Investors of record on Friday, August 18th will be paid a $0.1888 dividend. The ex-dividend date of this dividend is Wednesday, August 16th. This represents a $0.76 annualized dividend and a dividend yield of 1.49%. This is an increase from Healthcare Services Group’s previous quarterly dividend of $0.19. Healthcare Services Group’s dividend payout ratio is presently 65.22%.

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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