Healthcare Services Group, Inc. (NASDAQ:HCSG) Director John Briggs sold 2,500 shares of the stock in a transaction dated Tuesday, August 29th. The stock was sold at an average price of $50.75, for a total transaction of $126,875.00. Following the completion of the sale, the director now directly owns 18,579 shares in the company, valued at $942,884.25. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

John Briggs also recently made the following trade(s):

  • On Wednesday, June 7th, John Briggs sold 2,500 shares of Healthcare Services Group stock. The stock was sold at an average price of $47.52, for a total transaction of $118,800.00.

Healthcare Services Group, Inc. (NASDAQ HCSG) opened at 51.42 on Friday. The company’s 50-day moving average is $51.85 and its 200 day moving average is $46.84. The stock has a market capitalization of $3.76 billion, a price-to-earnings ratio of 45.11 and a beta of 0.63. Healthcare Services Group, Inc. has a one year low of $34.83 and a one year high of $54.28.

Healthcare Services Group (NASDAQ:HCSG) last issued its quarterly earnings results on Tuesday, July 11th. The business services provider reported $0.30 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.29 by $0.01. The firm had revenue of $470.90 million during the quarter, compared to analysts’ expectations of $425.24 million. Healthcare Services Group had a net margin of 5.07% and a return on equity of 24.12%. 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 business earned $0.26 EPS. Equities analysts expect that Healthcare Services Group, Inc. will post $1.25 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 22nd. Stockholders of record on Friday, August 18th will be issued a $0.1888 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.47%. The ex-dividend date is Wednesday, August 16th. This is an increase from Healthcare Services Group’s previous quarterly dividend of $0.19. Healthcare Services Group’s dividend payout ratio (DPR) is currently 65.22%.

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A number of analysts recently weighed in on HCSG shares. BidaskClub raised shares of Healthcare Services Group from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, August 23rd. Credit Suisse Group initiated coverage on shares of Healthcare Services Group in a research report on Friday, May 19th. They set an “outperform” rating and a $50.00 target price on the stock. Jefferies Group LLC reaffirmed a “hold” rating and set a $49.00 target price (up from $41.00) on shares of Healthcare Services Group in a research report on Tuesday, June 6th. Robert W. Baird raised their target price on shares of Healthcare Services Group from $47.00 to $52.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 12th. They noted that the move was a valuation call. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $50.00 target price (up from $48.00) on shares of Healthcare Services Group in a research report on Wednesday, July 12th. Two analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $53.00.

A number of institutional investors have recently bought and sold shares of HCSG. BlackRock Inc. increased its position in Healthcare Services Group by 145,799.8% in the first quarter. BlackRock Inc. now owns 8,780,248 shares of the business services provider’s stock valued at $378,341,000 after buying an additional 8,774,230 shares during the period. Vanguard Group Inc. boosted its position in shares of Healthcare Services Group by 1.8% in the second quarter. Vanguard Group Inc. now owns 6,956,281 shares of the business services provider’s stock worth $325,763,000 after buying an additional 123,503 shares during the period. Janus Henderson Group PLC boosted its position 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 buying an additional 1,322,948 shares during the period. State Street Corp boosted its position in shares of Healthcare Services Group by 4.3% in the second quarter. State Street Corp now owns 1,752,352 shares of the business services provider’s stock worth $82,064,000 after buying an additional 71,873 shares during the period. Finally, Dimensional Fund Advisors LP boosted its position in shares of Healthcare Services Group by 2.4% in the second quarter. Dimensional Fund Advisors LP now owns 1,165,805 shares of the business services provider’s stock worth $54,595,000 after buying an additional 27,427 shares during the period. Hedge funds and other institutional investors own 91.72% of the company’s stock.

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.

Insider Buying and Selling by Quarter for Healthcare Services Group (NASDAQ:HCSG)

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