Healthcare Services Group, Inc. (NASDAQ:HCSG) insider Michael E. Mcbryan sold 22,500 shares of the business’s stock in a transaction on Friday, August 4th. The stock was sold at an average price of $51.82, for a total transaction of $1,165,950.00. Following the sale, the insider now directly owns 32,542 shares in the company, valued at approximately $1,686,326.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Shares of Healthcare Services Group, Inc. (NASDAQ:HCSG) opened at 51.88 on Tuesday. The company has a market cap of $3.80 billion, a PE ratio of 45.51 and a beta of 0.61. Healthcare Services Group, Inc. has a 52 week low of $34.83 and a 52 week high of $54.28. The company has a 50 day moving average of $49.61 and a 200 day moving average of $45.10.

Healthcare Services Group (NASDAQ:HCSG) last issued its earnings results on Tuesday, July 11th. The business services provider reported $0.30 EPS for the quarter, topping analysts’ consensus estimates of $0.29 by $0.01. The company had revenue of $470.90 million for 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%. The firm’s revenue was up 21.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.26 EPS. On average, analysts expect that Healthcare Services Group, Inc. will post $1.25 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 22nd. Investors of record on Friday, August 18th will be given a $0.1888 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 1.46%. The ex-dividend date is Wednesday, August 16th. This is a boost from Healthcare Services Group’s previous quarterly dividend of $0.19. Healthcare Services Group’s dividend payout ratio (DPR) is presently 65.22%.

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A number of research firms have weighed in on HCSG. BidaskClub cut shares of Healthcare Services Group from a “strong-buy” rating to a “buy” rating in a research note on Thursday, August 3rd. Zacks Investment Research raised shares of 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 Friday, July 14th. Robert W. Baird boosted 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 note on Wednesday, July 12th. They noted that the move was a valuation call. Credit Suisse Group reaffirmed an “outperform” rating and set a $56.00 target price (up previously from $50.00) on shares of Healthcare Services Group in a research note on Thursday, July 13th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $50.00 target price (up previously from $48.00) on shares of Healthcare Services Group in a research note on Wednesday, July 12th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $53.00.

A number of institutional investors have recently modified their holdings of HCSG. BlackRock Inc. boosted its position in shares of 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 worth $378,341,000 after buying an additional 8,774,230 shares during the last quarter. Norges Bank acquired a new position in shares of Healthcare Services Group during the fourth quarter worth approximately $22,959,000. Vanguard Group Inc. boosted its position in shares of Healthcare Services Group by 6.5% in the first quarter. Vanguard Group Inc. now owns 6,832,778 shares of the business services provider’s stock worth $294,424,000 after buying an additional 418,676 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its position in shares of Healthcare Services Group by 25.5% in the first quarter. Massachusetts Financial Services Co. MA now owns 979,394 shares of the business services provider’s stock worth $42,202,000 after buying an additional 199,082 shares during the last quarter. Finally, Geneva Advisors LLC boosted its position in shares of Healthcare Services Group by 734.2% in the second quarter. Geneva Advisors LLC now owns 191,918 shares of the business services provider’s stock worth $8,988,000 after buying an additional 168,911 shares during the last quarter. Institutional investors own 93.40% of the company’s stock.

About Healthcare Services Group

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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