Riverpark Capital Management LLC decreased its holdings in shares of Alliance Data Systems Co. (NYSE:ADS) by 14.9% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 95,686 shares of the business services provider’s stock after selling 16,761 shares during the quarter. Alliance Data Systems comprises about 3.5% of Riverpark Capital Management LLC’s investment portfolio, making the stock its 5th biggest position. Riverpark Capital Management LLC owned about 0.17% of Alliance Data Systems worth $24,255,000 as of its most recent SEC filing.
Other hedge funds have also bought and sold shares of the company. Folger Hill Asset Management LP boosted its holdings in shares of Alliance Data Systems by 88.4% during the fourth quarter. Folger Hill Asset Management LP now owns 9,103 shares of the business services provider’s stock worth $2,307,000 after purchasing an additional 4,271 shares during the last quarter. Atlanta Capital Management Co. L L C boosted its holdings in Alliance Data Systems by 3.7% in the third quarter. Atlanta Capital Management Co. L L C now owns 140,187 shares of the business services provider’s stock valued at $31,059,000 after acquiring an additional 4,980 shares during the last quarter. Court Place Advisors LLC boosted its holdings in Alliance Data Systems by 6.9% in the third quarter. Court Place Advisors LLC now owns 11,013 shares of the business services provider’s stock valued at $2,440,000 after acquiring an additional 715 shares during the last quarter. Convergence Investment Partners LLC boosted its holdings in Alliance Data Systems by 9.0% in the fourth quarter. Convergence Investment Partners LLC now owns 17,480 shares of the business services provider’s stock valued at $4,431,000 after acquiring an additional 1,438 shares during the last quarter. Finally, Thompson Investment Management Inc. boosted its holdings in Alliance Data Systems by 3.2% in the third quarter. Thompson Investment Management Inc. now owns 37,660 shares of the business services provider’s stock valued at $8,344,000 after acquiring an additional 1,163 shares during the last quarter. Institutional investors and hedge funds own 94.61% of the company’s stock.
Shares of Alliance Data Systems Co. (NYSE ADS) opened at $239.19 on Monday. Alliance Data Systems Co. has a 52-week low of $209.00 and a 52-week high of $278.33. The stock has a market capitalization of $13,265.79, a PE ratio of 16.93, a PEG ratio of 0.86 and a beta of 1.69. The company has a debt-to-equity ratio of 9.69, a quick ratio of 2.41 and a current ratio of 2.43.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 20th. Stockholders of record on Wednesday, February 14th will be given a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a dividend yield of 0.95%. This is a positive change from Alliance Data Systems’s previous quarterly dividend of $0.52. The ex-dividend date is Tuesday, February 13th. Alliance Data Systems’s payout ratio is presently 16.14%.
A number of research analysts recently weighed in on ADS shares. Zacks Investment Research upgraded Alliance Data Systems from a “hold” rating to a “buy” rating and set a $296.00 target price on the stock in a report on Friday, January 5th. Royal Bank of Canada reiterated a “buy” rating and issued a $293.00 target price on shares of Alliance Data Systems in a report on Thursday, January 4th. Barclays reiterated an “equal weight” rating and issued a $298.00 target price (up previously from $278.00) on shares of Alliance Data Systems in a report on Monday, January 8th. BMO Capital Markets reiterated a “hold” rating and issued a $235.00 target price on shares of Alliance Data Systems in a report on Wednesday, November 22nd. Finally, Credit Suisse Group reiterated an “underperform” rating and issued a $218.00 target price (up previously from $193.00) on shares of Alliance Data Systems in a report on Wednesday, January 17th. Four research analysts have rated the stock with a sell rating, seven have given a hold rating and twelve have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $276.44.
In related news, EVP Melisa A. Miller sold 12,246 shares of the business’s stock in a transaction dated 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 completion of the sale, the executive vice president now directly owns 42,654 shares of the company’s stock, valued at $10,454,068.86. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Edward J. Heffernan sold 21,000 shares of the business’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $244.83, for a total value of $5,141,430.00. Following the completion of the sale, the insider now directly owns 264,668 shares of the company’s stock, valued at $64,798,666.44. The disclosure for this sale can be found here. 2.60% of the stock is currently owned by insiders.
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Alliance Data Systems Company Profile
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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