Bridgeway Capital Management Inc. Cuts Position in Alliance Data Systems Co. (ADS)

Bridgeway Capital Management Inc. reduced its position in Alliance Data Systems Co. (NYSE:ADS) by 10.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 14,070 shares of the business services provider’s stock after selling 1,600 shares during the quarter. Bridgeway Capital Management Inc.’s holdings in Alliance Data Systems were worth $3,323,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Pittenger & Anderson Inc. acquired a new stake in Alliance Data Systems in the 2nd quarter valued at $117,000. Piedmont Investment Advisors LLC acquired a new stake in Alliance Data Systems in the 2nd quarter valued at $127,000. Patriot Financial Group Insurance Agency LLC acquired a new stake in Alliance Data Systems in the 3rd quarter valued at $190,000. Migdal Insurance & Financial Holdings Ltd. increased its holdings in Alliance Data Systems by 212.3% in the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 837 shares of the business services provider’s stock valued at $198,000 after purchasing an additional 569 shares in the last quarter. Finally, Harvest Fund Management Co. Ltd acquired a new stake in Alliance Data Systems in the 3rd quarter valued at $207,000. 91.70% of the stock is currently owned by institutional investors and hedge funds.

Shares of Alliance Data Systems stock opened at $200.36 on Monday. The company has a debt-to-equity ratio of 7.32, a current ratio of 2.41 and a quick ratio of 2.38. The stock has a market cap of $10.91 billion, a PE ratio of 9.54, a price-to-earnings-growth ratio of 0.76 and a beta of 1.70. Alliance Data Systems Co. has a 1-year low of $189.23 and a 1-year high of $278.33.

Alliance Data Systems (NYSE:ADS) last announced its earnings results on Thursday, October 18th. The business services provider reported $6.26 earnings per share for the quarter, beating the consensus estimate of $6.19 by $0.07. The company had revenue of $2.02 billion during the quarter, compared to the consensus estimate of $2.03 billion. Alliance Data Systems had a return on equity of 56.33% and a net margin of 12.11%. The company’s revenue was up 5.4% on a year-over-year basis. During the same period last year, the firm earned $5.35 earnings per share. On average, analysts predict that Alliance Data Systems Co. will post 21.53 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 19th. Stockholders of record on Wednesday, November 14th will be paid a dividend of $0.57 per share. The ex-dividend date is Tuesday, November 13th. This represents a $2.28 annualized dividend and a dividend yield of 1.14%. Alliance Data Systems’s dividend payout ratio is presently 12.47%.

In other news, Director Holdings L.P. Valueact sold 125,000 shares of the stock in a transaction dated Wednesday, November 28th. The shares were sold at an average price of $199.10, for a total transaction of $24,887,500.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Valueact Capital Master Fund, sold 675,000 shares of the stock in a transaction dated Tuesday, November 6th. The stock was sold at an average price of $200.00, for a total transaction of $135,000,000.00. The disclosure for this sale can be found here. Insiders have sold 1,000,000 shares of company stock valued at $199,607,500 over the last 90 days. Insiders own 2.60% of the company’s stock.

Several analysts recently issued reports on ADS shares. Citigroup lowered their price target on Alliance Data Systems to $218.00 in a report on Wednesday, November 28th. They noted that the move was a valuation call. Zacks Investment Research upgraded Alliance Data Systems from a “hold” rating to a “buy” rating and set a $258.00 price target for the company in a report on Wednesday, August 8th. Jefferies Financial Group reiterated a “buy” rating and issued a $280.00 price target on shares of Alliance Data Systems in a report on Tuesday, August 7th. Bank of America started coverage on Alliance Data Systems in a report on Monday, September 17th. They issued a “buy” rating and a $290.00 price target for the company. Finally, Deutsche Bank set a $253.00 price target on Alliance Data Systems and gave the company a “buy” rating in a report on Thursday, September 20th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and thirteen have assigned a buy rating to the company’s stock. Alliance Data Systems presently has an average rating of “Hold” and an average price target of $254.25.

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About Alliance Data Systems

Alliance Data Systems Corporation provides data-driven marketing and loyalty solutions worldwide. It operates through three segments: LoyaltyOne, Epsilon, and Card Services. 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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Institutional Ownership by Quarter for Alliance Data Systems (NYSE:ADS)

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