Swiss National Bank boosted its holdings in shares of Healthcare Services Group, Inc. (NASDAQ:HCSG) by 1.4% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 121,763 shares of the business services provider’s stock after buying an additional 1,700 shares during the quarter. Swiss National Bank owned 0.17% of Healthcare Services Group worth $5,702,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in HCSG. BlackRock Inc. lifted its holdings in Healthcare Services Group by 145,799.8% during the 1st 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 in the last quarter. Vanguard Group Inc. lifted its holdings in Healthcare Services Group by 6.5% during the 1st 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 in the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in Healthcare Services Group by 25.5% during the 1st 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 in the last quarter. Geneva Advisors LLC lifted its holdings in Healthcare Services Group by 734.2% during the 2nd 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 in the last quarter. Finally, State Street Corp lifted its holdings in Healthcare Services Group by 8.5% during the 1st quarter. State Street Corp now owns 1,680,479 shares of the business services provider’s stock worth $72,412,000 after buying an additional 131,987 shares in the last quarter. Institutional investors own 91.72% of the company’s stock.

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Shares of Healthcare Services Group, Inc. (NASDAQ HCSG) opened at 51.70 on Wednesday. Healthcare Services Group, Inc. has a one year low of $34.83 and a one year high of $54.28. The stock has a 50 day moving average of $51.15 and a 200-day moving average of $47.64. The firm has a market capitalization of $3.78 billion, a price-to-earnings ratio of 45.35 and a beta of 0.63.

Healthcare Services Group (NASDAQ:HCSG) last released its quarterly earnings data on Tuesday, July 11th. The business services provider reported $0.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $0.01. Healthcare Services Group had a net margin of 5.07% and a return on equity of 24.12%. The company had revenue of $470.90 million during the quarter, compared to the consensus estimate of $425.24 million. During the same period in the previous year, the firm earned $0.26 earnings per share. Healthcare Services Group’s revenue for the quarter was up 21.8% on a year-over-year basis. On average, equities analysts anticipate that Healthcare Services Group, Inc. will post $1.25 earnings per share for the current fiscal year.

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

In other news, Director John Briggs sold 2,500 shares of the company’s stock in a transaction on Tuesday, August 29th. The shares were sold at an average price of $50.75, for a total value of $126,875.00. Following the completion of the transaction, the director now directly owns 18,579 shares in the company, valued at $942,884.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Robert J. Moss sold 2,000 shares of the company’s stock in a transaction on Friday, July 14th. The shares were sold at an average price of $52.76, for a total transaction of $105,520.00. Following the completion of the transaction, the director now owns 2,000 shares of the company’s stock, valued at $105,520. The disclosure for this sale can be found here. Insiders sold 36,750 shares of company stock valued at $1,910,345 over the last 90 days. Insiders own 4.30% of the company’s stock.

HCSG has been the topic of a number of research reports. BidaskClub upgraded shares of Healthcare Services Group from a “buy” rating to a “strong-buy” rating in a report on Wednesday, August 23rd. Robert W. Baird increased their target price on shares of Healthcare Services Group from $47.00 to $52.00 and gave the stock an “outperform” rating in a report on Wednesday, July 12th. They noted that the move was a valuation call. Jefferies Group LLC reiterated a “hold” rating and set a $49.00 target price (up from $41.00) on shares of Healthcare Services Group in a report on Tuesday, June 6th. Zacks Investment Research lowered shares of Healthcare Services Group from a “buy” rating to a “hold” rating in a report on Tuesday, September 12th. Finally, Stifel Nicolaus reiterated a “buy” rating and set a $50.00 target price (up from $48.00) on shares of Healthcare Services Group in a report on Wednesday, July 12th. Two investment analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $53.00.

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.

Institutional Ownership by Quarter for Healthcare Services Group (NASDAQ:HCSG)

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