Addus HomeCare Corporation (NASDAQ:ADUS) Shares Purchased by Principal Financial Group Inc.

Principal Financial Group Inc. increased its stake in shares of Addus HomeCare Corporation (NASDAQ:ADUS - Free Report) by 18.3% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 475,818 shares of the company's stock after purchasing an additional 73,720 shares during the quarter. Principal Financial Group Inc. owned approximately 2.62% of Addus HomeCare worth $47,054,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Capital Research Global Investors bought a new stake in shares of Addus HomeCare in the 4th quarter valued at $51,149,000. American Century Companies Inc. raised its holdings in Addus HomeCare by 695.8% during the fourth quarter. American Century Companies Inc. now owns 284,346 shares of the company's stock worth $35,643,000 after buying an additional 248,613 shares during the last quarter. GAMMA Investing LLC raised its holdings in Addus HomeCare by 10,307.8% during the first quarter. GAMMA Investing LLC now owns 130,930 shares of the company's stock worth $12,948,000 after buying an additional 129,672 shares during the last quarter. Bank of America Corp DE raised its holdings in Addus HomeCare by 273.6% during the fourth quarter. Bank of America Corp DE now owns 175,070 shares of the company's stock worth $21,945,000 after buying an additional 128,211 shares during the last quarter. Finally, Pier Capital LLC purchased a new stake in shares of Addus HomeCare in the fourth quarter valued at about $8,406,000. 95.35% of the stock is currently owned by institutional investors and hedge funds.

Addus HomeCare Stock Performance

Addus HomeCare stock traded up $2.05 during midday trading on Tuesday, hitting $112.67. The stock had a trading volume of 17,884 shares, compared to its average volume of 165,567. The firm's fifty day moving average is $111.79 and its two-hundred day moving average is $110.86. The company has a market capitalization of $2.07 billion, a PE ratio of 25.40, a P/E/G ratio of 1.58 and a beta of 0.81. Addus HomeCare Corporation has a 52-week low of $88.96 and a 52-week high of $136.72. The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 0.20.

Addus HomeCare (NASDAQ:ADUS - Get Free Report) last posted its quarterly earnings results on Monday, May 5th. The company reported $1.42 earnings per share for the quarter, topping the consensus estimate of $1.33 by $0.09. Addus HomeCare had a return on equity of 9.23% and a net margin of 6.52%. The business had revenue of $337.71 million during the quarter, compared to the consensus estimate of $341.66 million. During the same period in the prior year, the company posted $1.21 EPS. The firm's revenue for the quarter was up 20.3% compared to the same quarter last year. On average, research analysts forecast that Addus HomeCare Corporation will post 4.59 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on ADUS. Stephens reiterated an "overweight" rating and issued a $142.00 target price on shares of Addus HomeCare in a research note on Wednesday, March 12th. Wall Street Zen upgraded shares of Addus HomeCare from a "hold" rating to a "buy" rating in a research report on Sunday, June 29th. JMP Securities restated a "market outperform" rating and set a $150.00 price objective on shares of Addus HomeCare in a research report on Friday, June 20th. Finally, Macquarie reissued an "outperform" rating and set a $133.00 price target on shares of Addus HomeCare in a research note on Tuesday, June 10th. Seven equities research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Buy" and an average price target of $142.57.

Insider Transactions at Addus HomeCare

In other news, EVP Michael D. Wattenbarger sold 2,045 shares of the firm's stock in a transaction on Tuesday, May 27th. The stock was sold at an average price of $115.00, for a total transaction of $235,175.00. Following the transaction, the executive vice president owned 7,796 shares in the company, valued at approximately $896,540. This trade represents a 20.78% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. 4.60% of the stock is currently owned by corporate insiders.

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.