Addus HomeCare (NASDAQ:ADUS) Given New $142.00 Price Target at Stephens

Addus HomeCare (NASDAQ:ADUS) had its price objective lowered by Stephens from $153.00 to $142.00 in a research report sent to investors on Wednesday,Benzinga reports. The brokerage currently has an overweight rating on the stock.

A number of other research analysts also recently issued reports on the company. Royal Bank of Canada reiterated an “outperform” rating and set a $136.00 price objective on shares of Addus HomeCare in a report on Thursday, November 14th. Oppenheimer raised their price target on shares of Addus HomeCare from $145.00 to $150.00 and gave the stock an “outperform” rating in a research note on Friday, January 24th. Citizens Jmp raised shares of Addus HomeCare to a “strong-buy” rating in a research report on Monday, December 16th. JMP Securities assumed coverage on shares of Addus HomeCare in a research report on Monday, December 16th. They issued an “outperform” rating and a $150.00 target price for the company. Finally, Macquarie reiterated an “outperform” rating and issued a $139.00 price target on shares of Addus HomeCare in a research note on Monday, November 4th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, seven have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $133.89.

Addus HomeCare Stock Down 1.9 %

Addus HomeCare stock opened at $95.68 on Wednesday. The company has a 50 day moving average of $123.26 and a 200-day moving average of $126.28. Addus HomeCare has a twelve month low of $87.88 and a twelve month high of $136.72. The stock has a market capitalization of $1.73 billion, a PE ratio of 21.89, a price-to-earnings-growth ratio of 1.41 and a beta of 1.00.

Addus HomeCare (NASDAQ:ADUS) last announced its earnings results 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). Addus HomeCare had a return on equity of 9.62% and a net margin of 6.50%. The company had revenue of $297.14 million during the quarter, compared to analyst estimates of $291.04 million. Equities analysts anticipate that Addus HomeCare will post 4.59 EPS for the current fiscal year.

Insider Activity

In other Addus HomeCare news, EVP Roberton James Stevenson sold 2,250 shares of the company’s stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $121.00, for a total value of $272,250.00. Following the sale, the executive vice president now owns 10,217 shares in the company, valued at $1,236,257. This represents a 18.05 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO R Dirk Allison sold 25,000 shares of Addus HomeCare stock in a transaction that occurred on Thursday, January 2nd. The stock was 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 of the company’s stock, valued at $9,905,569.72. This represents a 23.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 4.60% of the company’s stock.

Institutional Investors Weigh In On Addus HomeCare

Large investors have recently added to or reduced their stakes in the business. Wasatch Advisors LP increased its holdings 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 valued at $138,782,000 after purchasing an additional 110,010 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in Addus HomeCare by 1.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 692,713 shares of the company’s stock valued at $86,833,000 after buying an additional 10,434 shares during the last quarter. State Street Corp raised its holdings in Addus HomeCare by 4.4% in the 3rd quarter. State Street Corp now owns 663,610 shares of the company’s stock valued at $88,280,000 after acquiring an additional 27,990 shares during the period. Principal Financial Group Inc. lifted its position in Addus HomeCare by 17.5% during the third 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 last quarter. Finally, WCM Investment Management LLC boosted its holdings in shares of Addus HomeCare by 2.9% during the third quarter. WCM Investment Management LLC now owns 498,279 shares of the company’s stock worth $65,250,000 after acquiring an additional 13,938 shares during the period. Institutional investors own 95.35% of the company’s stock.

About Addus HomeCare

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.