RiverPark Advisors LLC increased its position in Alliance Data Systems Co. (NYSE:ADS) by 2.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 23,387 shares of the business services provider’s stock after acquiring an additional 487 shares during the period. Alliance Data Systems makes up about 0.8% of RiverPark Advisors LLC’s portfolio, making the stock its 22nd biggest holding. RiverPark Advisors LLC’s holdings in Alliance Data Systems were worth $5,928,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently modified their holdings of the stock. Viking Global Investors LP purchased a new position in shares of Alliance Data Systems during the 4th quarter valued at about $3,621,000. Cornercap Investment Counsel Inc. raised its stake in shares of Alliance Data Systems by 3.7% during the 4th quarter. Cornercap Investment Counsel Inc. now owns 17,060 shares of the business services provider’s stock valued at $4,324,000 after buying an additional 615 shares during the last quarter. Clearbridge Investments LLC raised its stake in shares of Alliance Data Systems by 31.5% during the 4th quarter. Clearbridge Investments LLC now owns 325,063 shares of the business services provider’s stock valued at $82,397,000 after buying an additional 77,841 shares during the last quarter. Brandywine Global Investment Management LLC purchased a new position in shares of Alliance Data Systems during the 4th quarter valued at about $9,233,000. Finally, Fred Alger Management Inc. purchased a new position in shares of Alliance Data Systems during the 4th quarter valued at about $19,661,000. Institutional investors own 94.61% of the company’s stock.
A number of research firms have weighed in on ADS. Zacks Investment Research lowered Alliance Data Systems from a “buy” rating to a “hold” rating in a research note on Tuesday, March 6th. Edward Jones upgraded Alliance Data Systems from a “hold” rating to a “buy” rating in a research report on Monday, February 26th. Cowen cut Alliance Data Systems from an “outperform” rating to a “market perform” rating in a research report on Monday, January 29th. Barclays dropped their target price on Alliance Data Systems from $310.00 to $298.00 and set an “overweight” rating on the stock in a research report on Friday, January 26th. Finally, JMP Securities raised their target price on Alliance Data Systems from $285.00 to $310.00 and gave the company a “market outperform” rating in a research report on Friday, January 26th. Four research analysts have rated the stock with a sell rating, seven have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $276.44.
Alliance Data Systems (NYSE:ADS) last issued its earnings results on Thursday, January 25th. The business services provider reported $6.10 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $4.72 by $1.38. The business had revenue of $2.11 billion for the quarter, compared to analysts’ expectations of $2.15 billion. Alliance Data Systems had a return on equity of 66.17% and a net margin of 10.22%. The business’s revenue for the quarter was up 15.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $4.67 EPS. equities research analysts anticipate that Alliance Data Systems Co. will post 21.49 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 20th. Stockholders of record on Wednesday, February 14th will be issued a dividend of $0.57 per share. This is a boost from Alliance Data Systems’s previous quarterly dividend of $0.52. This represents a $2.28 annualized dividend and a dividend yield of 0.95%. The ex-dividend date of this dividend is Tuesday, February 13th. Alliance Data Systems’s payout ratio is currently 16.14%.
In other news, insider Edward J. Heffernan sold 21,000 shares of the business’s stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $244.83, for a total transaction of $5,141,430.00. Following the transaction, the insider now directly owns 264,668 shares in the company, valued at approximately $64,798,666.44. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Melisa A. Miller sold 12,246 shares of the business’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $245.09, for a total value of $3,001,372.14. Following the transaction, the executive vice president now owns 42,654 shares in the company, valued at $10,454,068.86. The disclosure for this sale can be found here. Insiders own 2.60% of the company’s stock.
About Alliance Data Systems
Alliance Data Systems Corporation is a provider of data-driven marketing and loyalty solutions serving consumer-based businesses in a range of industries. The Company offers a portfolio of integrated outsourced marketing solutions, including customer loyalty programs, database marketing services, end-to-end marketing services, analytics and creative services, direct marketing services, and private label and co-brand retail credit card programs.
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