Robert W. Baird cut shares of Healthcare Services Group (NASDAQ:HCSG) from an outperform rating to a neutral rating in a research note issued to investors on Wednesday, MarketBeat Ratings reports. The firm currently has $52.00 target price on the business services provider’s stock.

Several other research firms have also recently commented on HCSG. BidaskClub cut shares of Healthcare Services Group from a hold rating to a sell rating in a research report on Thursday, January 4th. Stifel Nicolaus restated a buy rating on shares of Healthcare Services Group in a research report on Thursday, October 19th. Zacks Investment Research upgraded shares of Healthcare Services Group from a hold rating to a buy rating and set a $58.00 target price for the company in a research report on Thursday, October 19th. Jefferies Group set a $52.00 price objective on shares of Healthcare Services Group and gave the company a hold rating in a report on Thursday, October 19th. Finally, Credit Suisse Group reiterated an outperform rating and issued a $62.00 price objective (up from $56.00) on shares of Healthcare Services Group in a report on Friday, November 3rd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company’s stock. Healthcare Services Group currently has an average rating of Hold and an average price target of $55.20.

Healthcare Services Group (HCSG) opened at $47.99 on Wednesday. Healthcare Services Group has a 1 year low of $39.75 and a 1 year high of $56.20. The company has a market cap of $3,597.70, a PE ratio of 40.67, a price-to-earnings-growth ratio of 2.67 and a beta of 0.62.

Healthcare Services Group (NASDAQ:HCSG) last posted its earnings results on Tuesday, February 6th. The business services provider reported $0.27 EPS for the quarter, missing the consensus estimate of $0.31 by ($0.04). Healthcare Services Group had a return on equity of 23.17% and a net margin of 4.73%. The firm had revenue of $499.41 million during the quarter, compared to the consensus estimate of $499.37 million. During the same quarter last year, the company posted $0.28 EPS. Healthcare Services Group’s revenue for the quarter was up 25.3% on a year-over-year basis. sell-side analysts forecast that Healthcare Services Group will post 1.67 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 23rd. Stockholders of record on Friday, February 16th will be issued 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 1.59%. Healthcare Services Group’s dividend payout ratio (DPR) is 64.41%.

Institutional investors have recently bought and sold shares of the company. Cubist Systematic Strategies LLC bought a new position in shares of Healthcare Services Group in the third quarter valued at approximately $360,000. Russell Investments Group Ltd. boosted its holdings in shares of Healthcare Services Group by 23.9% in the third quarter. Russell Investments Group Ltd. now owns 474,299 shares of the business services provider’s stock valued at $25,598,000 after acquiring an additional 91,418 shares in the last quarter. Public Employees Retirement System of Ohio boosted its holdings in shares of Healthcare Services Group by 949.3% in the third quarter. Public Employees Retirement System of Ohio now owns 31,532 shares of the business services provider’s stock valued at $1,702,000 after acquiring an additional 28,527 shares in the last quarter. Janus Henderson Group PLC boosted its holdings 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 valued at $97,658,000 after acquiring an additional 1,322,948 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd bought a new position in shares of Healthcare Services Group in the second quarter valued at approximately $348,000. Institutional investors and hedge funds own 93.40% 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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