Raymond James Financial Inc. Has $5.11 Million Stock Position in Healthcare Services Group, Inc. $HCSG

Raymond James Financial Inc. decreased its stake in shares of Healthcare Services Group, Inc. (NASDAQ:HCSG) by 0.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 506,823 shares of the business services provider’s stock after selling 1,913 shares during the period. Raymond James Financial Inc. owned 0.70% of Healthcare Services Group worth $5,109,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. American Century Companies Inc. raised its holdings in Healthcare Services Group by 190.1% during the 1st quarter. American Century Companies Inc. now owns 451,936 shares of the business services provider’s stock worth $4,556,000 after purchasing an additional 296,159 shares during the last quarter. Russell Investments Group Ltd. raised its holdings in Healthcare Services Group by 10.8% during the 1st quarter. Russell Investments Group Ltd. now owns 512,721 shares of the business services provider’s stock worth $5,168,000 after purchasing an additional 49,782 shares during the last quarter. Public Sector Pension Investment Board raised its holdings in Healthcare Services Group by 27.6% during the 1st quarter. Public Sector Pension Investment Board now owns 233,034 shares of the business services provider’s stock worth $2,349,000 after purchasing an additional 50,462 shares during the last quarter. Nuveen LLC bought a new stake in Healthcare Services Group during the 1st quarter worth about $11,745,000. Finally, Connor Clark & Lunn Investment Management Ltd. raised its holdings in Healthcare Services Group by 54.7% during the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 181,169 shares of the business services provider’s stock worth $1,826,000 after purchasing an additional 64,042 shares during the last quarter. Institutional investors and hedge funds own 97.97% of the company’s stock.

Healthcare Services Group Trading Down 0.2%

NASDAQ HCSG opened at $15.75 on Friday. The company has a market cap of $1.14 billion, a PE ratio of 112.50 and a beta of 0.66. Healthcare Services Group, Inc. has a 12 month low of $9.13 and a 12 month high of $15.93. The stock has a 50 day moving average of $14.47 and a 200-day moving average of $13.04.

Healthcare Services Group (NASDAQ:HCSG) last released its quarterly earnings data on Wednesday, July 23rd. The business services provider reported $0.21 EPS for the quarter, beating the consensus estimate of $0.20 by $0.01. The company had revenue of $458.50 million during the quarter, compared to the consensus estimate of $450.78 million. Healthcare Services Group had a return on equity of 11.74% and a net margin of 0.61%.The firm’s revenue for the quarter was up 7.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.20 EPS. Healthcare Services Group has set its Q3 2025 guidance at EPS. As a group, sell-side analysts predict that Healthcare Services Group, Inc. will post 0.74 EPS for the current fiscal year.

Insider Buying and Selling

In other Healthcare Services Group news, EVP John Christopher Shea sold 21,368 shares of Healthcare Services Group stock in a transaction on Monday, July 28th. The shares were sold at an average price of $13.25, for a total transaction of $283,126.00. Following the completion of the transaction, the executive vice president directly owned 32,976 shares of the company’s stock, valued at $436,932. The trade was a 39.32% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 2.60% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several brokerages have weighed in on HCSG. Zacks Research raised Healthcare Services Group to a “strong-buy” rating in a report on Tuesday, August 12th. Wall Street Zen downgraded shares of Healthcare Services Group from a “strong-buy” rating to a “buy” rating in a research report on Saturday, July 26th. Macquarie upgraded shares of Healthcare Services Group from a “neutral” rating to an “outperform” rating and increased their price target for the company from $15.00 to $16.00 in a research report on Tuesday, July 29th. Robert W. Baird increased their target price on Healthcare Services Group from $13.00 to $15.00 and gave the stock a “neutral” rating in a research note on Thursday, July 24th. Finally, Benchmark increased their target price on Healthcare Services Group from $17.00 to $19.00 and gave the stock a “buy” rating in a research note on Thursday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $16.25.

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 nursing homes, retirement complexes, rehabilitation centers, and hospitals in the United States. It operates through two segments, Housekeeping and Dietary.