American Century Companies Inc. Acquires 248,613 Shares of Addus HomeCare Co. (NASDAQ:ADUS)

American Century Companies Inc. boosted its stake in shares of Addus HomeCare Co. (NASDAQ:ADUS - Free Report) by 695.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 284,346 shares of the company's stock after buying an additional 248,613 shares during the period. American Century Companies Inc. owned about 1.57% of Addus HomeCare worth $35,643,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of ADUS. Wasatch Advisors LP boosted its position in shares of Addus HomeCare by 11.8% in the third quarter. Wasatch Advisors LP now owns 1,043,240 shares of the company's stock worth $138,782,000 after buying an additional 110,010 shares during the period. State Street Corp lifted its stake in Addus HomeCare by 4.4% in the 3rd quarter. State Street Corp now owns 663,610 shares of the company's stock worth $88,280,000 after acquiring an additional 27,990 shares in the last quarter. Principal Financial Group Inc. boosted its position in Addus HomeCare by 17.5% during the 3rd quarter. Principal Financial Group Inc. now owns 505,853 shares of the company's stock worth $67,293,000 after acquiring an additional 75,409 shares during the period. Geode Capital Management LLC grew its stake in Addus HomeCare by 7.1% during the 3rd quarter. Geode Capital Management LLC now owns 423,934 shares of the company's stock valued at $56,406,000 after acquiring an additional 28,284 shares in the last quarter. Finally, TimesSquare Capital Management LLC increased its holdings in shares of Addus HomeCare by 28.5% in the 4th quarter. TimesSquare Capital Management LLC now owns 355,750 shares of the company's stock valued at $44,593,000 after purchasing an additional 78,835 shares during the period. 95.35% of the stock is owned by hedge funds and other institutional investors.

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Analysts Set New Price Targets

Several analysts recently commented on ADUS shares. StockNews.com cut shares of Addus HomeCare from a "buy" rating to a "hold" rating in a report on Wednesday, February 26th. Citizens Jmp raised shares of Addus HomeCare to a "strong-buy" rating in a research note on Monday, December 16th. JMP Securities started coverage on shares of Addus HomeCare in a research note on Monday, December 16th. They issued an "outperform" rating and a $150.00 price target on the stock. Oppenheimer increased their price objective on Addus HomeCare from $145.00 to $150.00 and gave the stock an "outperform" rating in a report on Friday, January 24th. Finally, Stephens restated an "overweight" rating and issued a $142.00 target price on shares of Addus HomeCare in a research note on Wednesday, March 12th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, seven have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $132.78.

Insider Transactions at Addus HomeCare

In related news, CEO R Dirk Allison sold 25,000 shares of Addus HomeCare stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $124.76, for a total value of $3,119,000.00. Following the transaction, the chief executive officer now owns 79,397 shares in the company, valued at $9,905,569.72. This trade represents a 23.95 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 4.60% of the stock is owned by corporate insiders.

Addus HomeCare Stock Up 1.0 %

Shares of NASDAQ:ADUS traded up $0.95 on Wednesday, reaching $99.88. The company had a trading volume of 191,987 shares, compared to its average volume of 156,891. The stock has a market capitalization of $1.82 billion, a P/E ratio of 22.86, a P/E/G ratio of 1.41 and a beta of 0.97. The stock has a 50-day moving average price of $106.22 and a 200 day moving average price of $120.04. Addus HomeCare Co. has a twelve month low of $87.88 and a twelve month high of $136.72.

Addus HomeCare (NASDAQ:ADUS - Get Free Report) last issued its quarterly earnings data on Monday, February 24th. The company reported $1.26 earnings per share for the quarter, missing analysts' consensus estimates of $1.35 by ($0.09). The company had revenue of $297.14 million during the quarter, compared to the consensus estimate of $291.04 million. Addus HomeCare had a net margin of 6.50% and a return on equity of 9.62%. On average, sell-side analysts predict that Addus HomeCare Co. will post 4.59 earnings per share for the current fiscal year.

Addus HomeCare Profile

Addus HomeCare Corporation, together with its subsidiaries, provides personal care services to elderly, chronically ill, disabled persons, and individuals who are at risk of hospitalization or institutionalization in the United States. The company operates through three segments: Personal Care, Hospice, and Home Health.