Viking Global Investors LP bought a new position in shares of Alliance Data Systems Co. (NYSE:ADS) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 14,286 shares of the business services provider’s stock, valued at approximately $3,621,000.
Several other hedge funds and other institutional investors have also modified their holdings of the company. Northwestern Mutual Wealth Management Co. lifted its holdings in Alliance Data Systems by 516.3% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 493 shares of the business services provider’s stock worth $125,000 after purchasing an additional 413 shares during the last quarter. Tower Research Capital LLC TRC acquired a new position in Alliance Data Systems in the 4th quarter valued at $152,000. FNY Managed Accounts LLC acquired a new position in Alliance Data Systems in the 4th quarter valued at $190,000. Cubic Asset Management LLC acquired a new position in Alliance Data Systems in the 4th quarter valued at $208,000. Finally, Groesbeck Investment Management Corp NJ acquired a new position in Alliance Data Systems in the 4th quarter valued at $208,000. Institutional investors own 94.61% of the company’s stock.
In related news, insider Edward J. Heffernan sold 21,000 shares of the business’s stock in a transaction 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 sale, the insider now owns 264,668 shares in the company, valued at approximately $64,798,666.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Melisa A. Miller sold 12,246 shares of the company’s stock in a transaction dated Monday, February 26th. The shares were 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 owns 42,654 shares in the company, valued at approximately $10,454,068.86. The disclosure for this sale can be found here. Insiders own 2.60% of the company’s stock.
Shares of Alliance Data Systems Co. (NYSE ADS) remained flat at $$239.19 during mid-day trading on Monday. The company’s stock had a trading volume of 42,210 shares, compared to its average volume of 650,866. The firm has a market cap of $13,265.79, a P/E ratio of 16.93, a price-to-earnings-growth ratio of 0.86 and a beta of 1.69. Alliance Data Systems Co. has a 1 year low of $209.00 and a 1 year high of $278.33. The company has a current ratio of 2.43, a quick ratio of 2.41 and a debt-to-equity ratio of 9.69.
Alliance Data Systems (NYSE:ADS) last issued its quarterly earnings data on Thursday, January 25th. The business services provider reported $6.10 earnings per share for the quarter, topping analysts’ consensus estimates of $4.72 by $1.38. The business had revenue of $2.11 billion for the quarter, compared to analyst estimates of $2.15 billion. Alliance Data Systems had a return on equity of 66.17% and a net margin of 10.22%. Alliance Data Systems’s quarterly revenue was up 15.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $4.67 EPS. equities analysts expect that Alliance Data Systems Co. will post 21.49 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 20th. Investors of record on Wednesday, February 14th will be given a dividend of $0.57 per share. The ex-dividend date of this dividend is Tuesday, February 13th. This represents a $2.28 dividend on an annualized basis and a yield of 0.95%. This is a positive change from Alliance Data Systems’s previous quarterly dividend of $0.52. Alliance Data Systems’s payout ratio is currently 16.14%.
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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