Great West Life Assurance Co. Can cut its holdings in Alliance Data Systems Co. (NYSE:ADS) by 10.6% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 35,218 shares of the business services provider’s stock after selling 4,161 shares during the period. Great West Life Assurance Co. Can owned about 0.06% of Alliance Data Systems worth $8,323,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also bought and sold shares of the company. Pittenger & Anderson Inc. bought a new position in shares of Alliance Data Systems in the second quarter valued at $117,000. Piedmont Investment Advisors LLC bought a new position in shares of Alliance Data Systems in the second quarter valued at $127,000. Patriot Financial Group Insurance Agency LLC bought a new position in shares of Alliance Data Systems in the third quarter valued at $190,000. Migdal Insurance & Financial Holdings Ltd. grew its stake in shares of Alliance Data Systems by 212.3% in the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 837 shares of the business services provider’s stock valued at $198,000 after buying an additional 569 shares in the last quarter. Finally, Harvest Fund Management Co. Ltd bought a new position in shares of Alliance Data Systems in the third quarter valued at $207,000. Institutional investors own 91.70% of the company’s stock.
ADS has been the subject of several analyst reports. ValuEngine cut shares of Alliance Data Systems from a “sell” rating to a “strong sell” rating in a research note on Thursday, November 1st. Stephens cut shares of Alliance Data Systems from an “overweight” rating to an “equal” rating and set a $288.00 target price for the company. in a research note on Monday, September 17th. They noted that the move was a valuation call. Bank of America initiated coverage on shares of Alliance Data Systems in a research note on Monday, September 17th. They issued a “buy” rating and a $290.00 target price for the company. Deutsche Bank set a $253.00 target price on shares of Alliance Data Systems and gave the company a “buy” rating in a research note on Thursday, September 20th. Finally, Oppenheimer reissued a “hold” rating on shares of Alliance Data Systems in a research note on Friday, October 5th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and thirteen have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $254.25.
In other news, Director Holdings L.P. Valueact sold 125,000 shares of the business’s stock in a transaction dated Wednesday, November 28th. The shares were sold at an average price of $199.10, for a total value of $24,887,500.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Valueact Capital Master Fund, sold 200,000 shares of the business’s stock in a transaction dated Thursday, November 29th. The shares were sold at an average price of $198.60, for a total transaction of $39,720,000.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,000,000 shares of company stock valued at $199,607,500. Company insiders own 2.60% of the company’s stock.
ADS stock opened at $180.44 on Friday. The company has a debt-to-equity ratio of 7.32, a current ratio of 2.41 and a quick ratio of 2.38. Alliance Data Systems Co. has a one year low of $178.91 and a one year high of $278.33. The firm has a market cap of $10.19 billion, a price-to-earnings ratio of 8.91, a P/E/G ratio of 0.71 and a beta of 1.70.
Alliance Data Systems (NYSE:ADS) last released its quarterly earnings data on Thursday, October 18th. The business services provider reported $6.26 EPS for the quarter, topping the Zacks’ consensus estimate of $6.19 by $0.07. Alliance Data Systems had a net margin of 12.11% and a return on equity of 56.33%. The firm had revenue of $2.02 billion during the quarter, compared to analysts’ expectations of $2.03 billion. During the same period in the previous year, the business posted $5.35 earnings per share. The company’s revenue for the quarter was up 5.4% compared to the same quarter last year. As a group, sell-side analysts anticipate that Alliance Data Systems Co. will post 21.53 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 19th. Shareholders of record on Wednesday, November 14th will be given a dividend of $0.57 per share. The ex-dividend date is Tuesday, November 13th. This represents a $2.28 dividend on an annualized basis and a yield of 1.26%. Alliance Data Systems’s dividend payout ratio (DPR) is 12.47%.
Alliance Data Systems Profile
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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