Guggenheim Capital LLC cut its stake in shares of Alliance Data Systems Co. (NYSE:ADS) by 3.7% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 246,308 shares of the business services provider’s stock after selling 9,536 shares during the period. Guggenheim Capital LLC owned about 0.45% of Alliance Data Systems worth $62,433,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. grew its position in Alliance Data Systems by 516.3% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 493 shares of the business services provider’s stock worth $125,000 after acquiring an additional 413 shares in the last quarter. Tower Research Capital LLC TRC bought a new stake in Alliance Data Systems in the fourth quarter worth approximately $152,000. FNY Managed Accounts LLC bought a new stake in Alliance Data Systems in the fourth quarter worth approximately $190,000. Cubic Asset Management LLC bought a new stake in Alliance Data Systems in the fourth quarter worth approximately $208,000. Finally, Groesbeck Investment Management Corp NJ bought a new stake in Alliance Data Systems in the fourth quarter worth approximately $208,000. 94.61% of the stock is currently owned by hedge funds and other institutional investors.
In related news, insider Edward J. Heffernan sold 21,000 shares of the company’s stock in a transaction on Friday, February 16th. The shares were sold at an average price of $244.83, for a total transaction of $5,141,430.00. Following the completion of the transaction, the insider now directly owns 264,668 shares in the company, valued at approximately $64,798,666.44. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Melisa A. Miller sold 12,246 shares of the company’s stock in a transaction on Monday, February 26th. The shares were sold at an average price of $245.09, for a total transaction of $3,001,372.14. Following the transaction, the executive vice president now owns 42,654 shares of the company’s stock, valued at $10,454,068.86. The disclosure for this sale can be found here. 2.60% of the stock is owned by corporate insiders.
Alliance Data Systems Co. (NYSE:ADS) opened at $232.63 on Wednesday. The company has a market cap of $13,203.12, a price-to-earnings ratio of 12.88, a P/E/G ratio of 0.85 and a beta of 1.69. Alliance Data Systems Co. has a one year low of $209.00 and a one year high of $278.33. The company has a debt-to-equity ratio of 9.69, a quick ratio of 2.41 and a current ratio of 2.43.
Alliance Data Systems (NYSE:ADS) last released its earnings results on Thursday, January 25th. The business services provider reported $6.10 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $4.72 by $1.38. The firm had revenue of $2.11 billion during the quarter, compared to analysts’ expectations of $2.15 billion. Alliance Data Systems had a net margin of 10.22% and a return on equity of 66.17%. The business’s quarterly revenue was up 15.2% compared to the same quarter last year. During the same period in the prior year, the company earned $4.67 EPS. equities analysts predict 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. Investors of record on Wednesday, February 14th will be paid 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 yield of 0.98%. The ex-dividend date of this dividend is Tuesday, February 13th. Alliance Data Systems’s dividend payout ratio is presently 16.14%.
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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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