King Luther Capital Management Corp reduced its stake in shares of Alliance Data Systems Co. (NYSE:ADS) by 16.2% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 21,530 shares of the business services provider’s stock after selling 4,163 shares during the period. King Luther Capital Management Corp’s holdings in Alliance Data Systems were worth $5,085,000 at the end of the most recent quarter.
Other large investors also recently made changes to their positions in the company. Piedmont Investment Advisors LLC acquired a new stake in Alliance Data Systems in the second quarter valued at approximately $127,000. Wells Fargo & Company MN raised its holdings in Alliance Data Systems by 1.5% in the second quarter. Wells Fargo & Company MN now owns 102,342 shares of the business services provider’s stock valued at $23,867,000 after acquiring an additional 1,469 shares in the last quarter. Victory Capital Management Inc. raised its holdings in Alliance Data Systems by 12.4% in the second quarter. Victory Capital Management Inc. now owns 11,929 shares of the business services provider’s stock valued at $2,782,000 after acquiring an additional 1,313 shares in the last quarter. Fiera Capital Corp raised its holdings in Alliance Data Systems by 21.5% in the second quarter. Fiera Capital Corp now owns 1,392 shares of the business services provider’s stock valued at $325,000 after acquiring an additional 246 shares in the last quarter. Finally, Alps Advisors Inc. raised its holdings in Alliance Data Systems by 12.8% in the second quarter. Alps Advisors Inc. now owns 2,330 shares of the business services provider’s stock valued at $543,000 after acquiring an additional 264 shares in the last quarter. 91.70% of the stock is owned by institutional investors and hedge funds.
Several analysts recently weighed in on the stock. JPMorgan Chase & Co. raised shares of Alliance Data Systems from a “neutral” rating to an “overweight” rating and set a $281.00 target price on the stock in a report on Tuesday, August 14th. ValuEngine raised shares of Alliance Data Systems from a “strong sell” rating to a “sell” rating in a report on Friday, August 10th. Stephens set a $227.00 target price on shares of Alliance Data Systems and gave the company an “equal weight” rating in a report on Tuesday, November 27th. Deutsche Bank set a $253.00 target price on shares of Alliance Data Systems and gave the company a “buy” rating in a report on Thursday, September 20th. Finally, Barclays assumed coverage on shares of Alliance Data Systems in a report on Wednesday, November 14th. They issued an “overweight” rating and a $254.00 target price on the stock. 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 stock. The stock presently has a consensus rating of “Hold” and an average price target of $254.25.
In other Alliance Data Systems news, insider Valueact Capital Master Fund, sold 675,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 6th. The shares were sold at an average price of $200.00, for a total transaction of $135,000,000.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Holdings L.P. Valueact sold 125,000 shares of Alliance Data Systems stock in a transaction on Wednesday, November 28th. The shares were sold at an average price of $199.10, for a total transaction of $24,887,500.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,000,000 shares of company stock worth $199,607,500. 2.60% of the stock is owned by corporate insiders.
ADS stock opened at $180.44 on Friday. 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 twelve month low of $178.91 and a twelve month high of $278.33. The company 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 earnings per share for the quarter, topping analysts’ consensus estimates 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 company had revenue of $2.02 billion for the quarter, compared to analysts’ expectations of $2.03 billion. During the same quarter last year, the company earned $5.35 earnings per share. The firm’s revenue for the quarter was up 5.4% on a year-over-year basis. As a group, analysts predict that Alliance Data Systems Co. will post 21.53 earnings per share for the current 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 issued a dividend of $0.57 per share. The ex-dividend date of this dividend is Tuesday, November 13th. This represents a $2.28 dividend on an annualized basis and a yield of 1.26%. Alliance Data Systems’s payout ratio is currently 12.47%.
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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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