Aviva PLC trimmed its position in Alliance Data Systems Co. (NYSE:ADS) by 4.1% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 23,369 shares of the business services provider’s stock after selling 1,010 shares during the period. Aviva PLC’s holdings in Alliance Data Systems were worth $5,519,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently bought and sold shares of the stock. Fiera Capital Corp boosted its holdings in Alliance Data Systems by 21.5% in the 2nd quarter. Fiera Capital Corp now owns 1,392 shares of the business services provider’s stock worth $325,000 after buying an additional 246 shares during the last quarter. Benjamin F. Edwards & Company Inc. boosted its holdings in shares of Alliance Data Systems by 21.3% during the 3rd quarter. Benjamin F. Edwards & Company Inc. now owns 1,446 shares of the business services provider’s stock worth $342,000 after purchasing an additional 254 shares during the last quarter. Alps Advisors Inc. boosted its holdings in shares of Alliance Data Systems by 12.8% during the 2nd quarter. Alps Advisors Inc. now owns 2,330 shares of the business services provider’s stock worth $543,000 after purchasing an additional 264 shares during the last quarter. Vista Investment Management boosted its holdings in shares of Alliance Data Systems by 4.2% during the 2nd quarter. Vista Investment Management now owns 6,638 shares of the business services provider’s stock worth $1,548,000 after purchasing an additional 265 shares during the last quarter. Finally, CIBC Asset Management Inc boosted its holdings in shares of Alliance Data Systems by 5.9% during the 2nd quarter. CIBC Asset Management Inc now owns 5,195 shares of the business services provider’s stock worth $1,211,000 after purchasing an additional 290 shares during the last quarter. Institutional investors own 91.70% of the company’s stock.
Several research analysts have recently weighed in on ADS shares. ValuEngine cut Alliance Data Systems from a “sell” rating to a “strong sell” rating in a report on Thursday, November 1st. Stephens cut Alliance Data Systems from an “overweight” rating to an “equal” rating and set a $288.00 target price on the stock. in a report on Monday, September 17th. They noted that the move was a valuation call. Bank of America started coverage on Alliance Data Systems in a report on Monday, September 17th. They set a “buy” rating and a $290.00 target price on the stock. Deutsche Bank set a $253.00 target price on Alliance Data Systems and gave the stock a “buy” rating in a report on Thursday, September 20th. Finally, Oppenheimer restated a “hold” rating on shares of Alliance Data Systems in a report on Friday, October 5th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and thirteen have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $254.25.
ADS stock opened at $180.44 on Friday. The company has a market cap of $10.29 billion, a PE ratio of 9.87, a PEG ratio of 0.72 and a beta of 1.70. The company has a debt-to-equity ratio of 7.32, a quick ratio of 2.38 and a current ratio of 2.41. Alliance Data Systems Co. has a one year low of $178.91 and a one year high of $278.33.
Alliance Data Systems (NYSE:ADS) last released its quarterly earnings results on Thursday, October 18th. The business services provider reported $6.26 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $6.19 by $0.07. The firm had revenue of $2.02 billion for the quarter, compared to analyst estimates of $2.03 billion. Alliance Data Systems had a net margin of 12.11% and a return on equity of 56.33%. The business’s revenue for the quarter was up 5.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $5.35 EPS. Analysts forecast that Alliance Data Systems Co. will post 21.53 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 19th. Stockholders of record on Wednesday, November 14th will be given a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a dividend yield of 1.26%. The ex-dividend date is Tuesday, November 13th. Alliance Data Systems’s payout ratio is presently 12.47%.
In other Alliance Data Systems news, insider Valueact Capital Master Fund, sold 200,000 shares of the business’s stock in a transaction that occurred on Thursday, November 29th. The stock was sold at an average price of $198.60, for a total value of $39,720,000.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Holdings L.P. Valueact sold 125,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 28th. The shares were sold at an average price of $199.10, for a total value of $24,887,500.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,000,000 shares of company stock worth $199,607,500. Corporate insiders own 2.60% of the company’s stock.
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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