Robert W. Baird lowered shares of Healthcare Services Group (NASDAQ:HCSG) from an outperform rating to a neutral rating in a research note published on Wednesday morning. Robert W. Baird currently has $52.00 target price on the business services provider’s stock.

A number of other brokerages have also recently issued reports on HCSG. BidaskClub cut Healthcare Services Group from a hold rating to a sell rating in a research note on Thursday, January 4th. Stifel Nicolaus reissued a buy rating on shares of Healthcare Services Group in a research note on Thursday, October 19th. Zacks Investment Research raised Healthcare Services Group from a hold rating to a buy rating and set a $58.00 target price on the stock in a research note on Thursday, October 19th. Jefferies Group set a $52.00 target price on Healthcare Services Group and gave the stock a hold rating in a research note on Thursday, October 19th. Finally, Credit Suisse Group reissued an outperform rating and issued a $62.00 target price (up from $56.00) on shares of Healthcare Services Group in a research note on Friday, November 3rd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the stock. The company presently has an average rating of Hold and an average price target of $55.20.

Healthcare Services Group (NASDAQ HCSG) opened at $49.57 on Wednesday. Healthcare Services Group has a 12 month low of $37.54 and a 12 month high of $56.20. The stock has a market capitalization of $3,737.66, a PE ratio of 42.01, a PEG ratio of 3.05 and a beta of 0.62.

Healthcare Services Group (NASDAQ:HCSG) last announced its quarterly earnings data on Tuesday, February 6th. The business services provider reported $0.27 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.31 by ($0.04). Healthcare Services Group had a net margin of 4.73% and a return on equity of 23.57%. The company had revenue of $499.41 million for the quarter, compared to the consensus estimate of $499.37 million. During the same period last year, the business posted $0.28 earnings per share. The firm’s quarterly revenue was up 25.3% compared to the same quarter last year. equities analysts predict that Healthcare Services Group will post 1.52 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 23rd. Investors of record on Friday, February 16th will be paid a $0.1913 dividend. The ex-dividend date of this dividend is Thursday, February 15th. This is a boost from Healthcare Services Group’s previous quarterly dividend of $0.19. This represents a $0.77 annualized dividend and a dividend yield of 1.54%. Healthcare Services Group’s dividend payout ratio (DPR) is presently 64.41%.

Several hedge funds and other institutional investors have recently bought and sold shares of HCSG. Wasatch Advisors Inc. grew its stake in shares of Healthcare Services Group by 143.9% in the fourth quarter. Wasatch Advisors Inc. now owns 3,044,131 shares of the business services provider’s stock worth $160,487,000 after purchasing an additional 1,795,855 shares during the last quarter. Janus Henderson Group PLC grew its stake in shares of Healthcare Services Group by 173.5% in the second quarter. Janus Henderson Group PLC now owns 2,085,372 shares of the business services provider’s stock worth $97,658,000 after purchasing an additional 1,322,948 shares during the last quarter. Atlantic Trust Group LLC bought a new stake in shares of Healthcare Services Group in the third quarter worth about $39,425,000. Assenagon Asset Management S.A. bought a new stake in shares of Healthcare Services Group in the fourth quarter worth about $8,667,000. Finally, Conestoga Capital Advisors LLC grew its stake in shares of Healthcare Services Group by 11.7% in the fourth quarter. Conestoga Capital Advisors LLC now owns 1,019,177 shares of the business services provider’s stock worth $53,731,000 after purchasing an additional 106,455 shares during the last quarter. 93.40% of the stock is currently owned by institutional investors.

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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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