BidaskClub upgraded shares of Healthcare Services Group (NASDAQ:HCSG) from a sell rating to a hold rating in a research report report published on Friday.

HCSG has been the topic of a number of other reports. Zacks Investment Research cut Healthcare Services Group from a buy rating to a hold rating in a report on Friday, October 20th. Jefferies Group reissued a hold rating and set a $49.00 price target on shares of Healthcare Services Group in a report on Friday, September 29th. Robert W. Baird reissued a buy rating and set a $52.00 price target on shares of Healthcare Services Group in a report on Wednesday, October 4th. Credit Suisse Group reissued an outperform rating and set a $62.00 price target (up from $56.00) on shares of Healthcare Services Group in a report on Friday, November 3rd. Finally, Stifel Nicolaus reissued a buy rating on shares of Healthcare Services Group in a report on Thursday, October 19th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Healthcare Services Group currently has a consensus rating of Buy and a consensus price target of $54.80.

Shares of Healthcare Services Group (HCSG) traded down $1.29 during trading on Friday, reaching $53.41. The company had a trading volume of 472,564 shares, compared to its average volume of 528,017. Healthcare Services Group has a one year low of $37.54 and a one year high of $55.68. The company has a market cap of $4,008.03, a PE ratio of 44.88, a P/E/G ratio of 4.00 and a beta of 0.62.

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

The firm also recently declared 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. The ex-dividend date of this dividend was Thursday, November 16th. This is a boost from Healthcare Services Group’s previous quarterly dividend of $0.19. This represents a $0.76 dividend on an annualized basis and a yield of 1.42%. Healthcare Services Group’s dividend payout ratio (DPR) is currently 63.87%.

In other news, insider Michael E. Mcbryan sold 22,500 shares of the firm’s stock in a transaction dated Friday, November 3rd. The stock was sold at an average price of $53.03, for a total transaction of $1,193,175.00. Following the completion of the transaction, the insider now owns 14,413 shares in the company, valued at $764,321.39. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Michael E. Mcbryan sold 800 shares of the firm’s stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $53.00, for a total value of $42,400.00. Following the transaction, the executive vice president now owns 14,413 shares of the company’s stock, valued at approximately $763,889. The disclosure for this sale can be found here. Company insiders own 4.30% of the company’s stock.

Several institutional investors have recently modified their holdings of HCSG. Bank of Montreal Can grew its position in shares of Healthcare Services Group by 2.2% during the second quarter. Bank of Montreal Can now owns 12,123 shares of the business services provider’s stock valued at $567,000 after purchasing an additional 260 shares in the last quarter. Strs Ohio grew its position in Healthcare Services Group by 16.9% in the second quarter. Strs Ohio now owns 9,000 shares of the business services provider’s stock worth $421,000 after acquiring an additional 1,300 shares in the last quarter. Sei Investments Co. grew its position in Healthcare Services Group by 53.2% in the second quarter. Sei Investments Co. now owns 35,023 shares of the business services provider’s stock worth $1,640,000 after acquiring an additional 12,166 shares in the last quarter. TD Asset Management Inc. grew its position in Healthcare Services Group by 1.0% in the second quarter. TD Asset Management Inc. now owns 10,483 shares of the business services provider’s stock worth $491,000 after acquiring an additional 100 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. grew its position in Healthcare Services Group by 3.9% in the second quarter. Schwab Charles Investment Management Inc. now owns 395,329 shares of the business services provider’s stock worth $18,514,000 after acquiring an additional 14,757 shares in the last quarter. Hedge funds and other institutional investors own 92.88% of the company’s stock.

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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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