Loomis Sayles & Co. L P lessened its holdings in shares of Alliance Data Systems Co. (NYSE:ADS) by 45.7% in the third quarter, according to its most recent filing with the SEC. The firm owned 65,670 shares of the business services provider’s stock after selling 55,160 shares during the period. Loomis Sayles & Co. L P owned 0.12% of Alliance Data Systems worth $15,509,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in ADS. FMR LLC grew its holdings in Alliance Data Systems by 45.3% during the 2nd quarter. FMR LLC now owns 2,595,591 shares of the business services provider’s stock worth $605,293,000 after acquiring an additional 809,427 shares during the period. Parnassus Investments CA grew its holdings in Alliance Data Systems by 42.3% during the 2nd quarter. Parnassus Investments CA now owns 1,245,000 shares of the business services provider’s stock worth $290,334,000 after acquiring an additional 370,000 shares during the period. Waddell & Reed Financial Inc. grew its holdings in Alliance Data Systems by 83.4% during the 2nd quarter. Waddell & Reed Financial Inc. now owns 729,218 shares of the business services provider’s stock worth $170,054,000 after acquiring an additional 331,500 shares during the period. Nomura Holdings Inc. grew its holdings in Alliance Data Systems by 4,390.2% during the 2nd quarter. Nomura Holdings Inc. now owns 247,993 shares of the business services provider’s stock worth $57,831,000 after acquiring an additional 242,470 shares during the period. Finally, ValueAct Holdings L.P. grew its holdings in Alliance Data Systems by 3.5% during the 2nd quarter. ValueAct Holdings L.P. now owns 6,082,646 shares of the business services provider’s stock worth $1,418,473,000 after acquiring an additional 205,246 shares during the period. 91.70% of the stock is owned by hedge funds and other institutional investors.
Several equities analysts have recently issued reports on the stock. Citigroup decreased their price target on shares of Alliance Data Systems to $218.00 in a report on Wednesday, November 28th. They noted that the move was a valuation call. Bank of America assumed coverage on shares of Alliance Data Systems in a report on Monday, September 17th. They issued a “buy” rating and a $290.00 price target for the company. Deutsche Bank set a $253.00 price target on shares of Alliance Data Systems and gave the company a “buy” rating in a report on Thursday, September 20th. SunTrust Banks decreased their price target on shares of Alliance Data Systems to $250.00 and set a “buy” rating for the company in a report on Monday, November 19th. Finally, TheStreet lowered shares of Alliance Data Systems from a “b-” rating to a “c+” rating in a report on Monday, November 26th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and thirteen have given a buy rating to the company. Alliance Data Systems has a consensus rating of “Hold” and a consensus price target of $254.25.
Shares of ADS stock opened at $180.44 on Friday. The firm has a market capitalization of $10.19 billion, a PE ratio of 8.91, a PEG ratio of 0.71 and a beta of 1.70. 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 12-month low of $178.91 and a 12-month 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, topping the Zacks’ consensus estimate of $6.19 by $0.07. The firm had revenue of $2.02 billion during 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 company’s revenue for the quarter was up 5.4% compared to the same quarter last year. During the same period in the prior year, the business earned $5.35 EPS. Equities analysts expect that Alliance Data Systems Co. will post 21.53 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 19th. Investors of record on Wednesday, November 14th will be paid a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a yield of 1.26%. The ex-dividend date of this dividend is Tuesday, November 13th. Alliance Data Systems’s payout ratio is presently 12.47%.
In related news, Director Holdings L.P. Valueact sold 125,000 shares of the company’s stock in a transaction 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Valueact Capital Master Fund, sold 200,000 shares of the company’s stock in a transaction on Thursday, November 29th. The stock was 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 sold 1,000,000 shares of company stock valued at $199,607,500. Company insiders own 2.60% of the company’s stock.
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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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