Alliance Data Systems (NYSE:ADS) was downgraded by equities researchers at Robert W. Baird from an “outperform” rating to a “neutral” rating in a report released on Friday, The Fly reports.
Several other equities analysts have also recently issued reports on ADS. Wells Fargo & Co lowered their price objective on Alliance Data Systems from $295.00 to $275.00 and set an “outperform” rating on the stock in a research report on Friday, October 19th. Oppenheimer reaffirmed a “hold” rating on shares of Alliance Data Systems in a research report on Friday, October 19th. ValuEngine cut Alliance Data Systems from a “sell” rating to a “strong sell” rating in a research report on Thursday, November 1st. Stephens set a $247.00 price objective on Alliance Data Systems and gave the company a “hold” rating in a research report on Monday, November 12th. Finally, Barclays began coverage on Alliance Data Systems in a research report on Wednesday, November 14th. They issued an “overweight” rating and a $254.00 price objective on the stock. Four equities research analysts have rated the stock with a sell rating, eight have given a hold rating and twelve have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $246.74.
ADS stock opened at $162.19 on Friday. Alliance Data Systems has a fifty-two week low of $142.58 and a fifty-two week high of $250.93. The company has a current ratio of 2.41, a quick ratio of 2.38 and a debt-to-equity ratio of 7.32. The company has a market cap of $9.80 billion, a price-to-earnings ratio of 8.87, a PEG ratio of 0.64 and a beta of 1.88.
Alliance Data Systems (NYSE:ADS) last posted its earnings results on Thursday, February 7th. The business services provider reported $7.04 earnings per share for the quarter, topping analysts’ consensus estimates of $6.78 by $0.26. Alliance Data Systems had a return on equity of 56.33% and a net margin of 12.11%. The firm had revenue of $2.06 billion for the quarter, compared to the consensus estimate of $2.13 billion. During the same quarter in the prior year, the business earned $6.26 EPS. The business’s revenue for the quarter was down 2.4% on a year-over-year basis. On average, analysts expect that Alliance Data Systems will post 21.57 EPS for the current year.
In other Alliance Data Systems news, insider Valueact Capital Master Fund, sold 200,000 shares of the stock in a transaction 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 Securities & Exchange Commission, which is available at this hyperlink. Also, Director Holdings L.P. Valueact sold 125,000 shares of the stock in a transaction on Wednesday, November 28th. The stock was 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. 2.60% of the stock is owned by corporate insiders.
Several large investors have recently made changes to their positions in the stock. Davidson Investment Advisors lifted its stake in Alliance Data Systems by 2.6% in the third quarter. Davidson Investment Advisors now owns 52,134 shares of the business services provider’s stock worth $12,312,000 after purchasing an additional 1,329 shares during the last quarter. Global Endowment Management LP lifted its stake in shares of Alliance Data Systems by 20.3% during the third quarter. Global Endowment Management LP now owns 2,370 shares of the business services provider’s stock worth $559,000 after buying an additional 400 shares during the period. First Trust Advisors LP acquired a new stake in shares of Alliance Data Systems during the third quarter worth $3,442,000. Engineers Gate Manager LP acquired a new stake in shares of Alliance Data Systems during the third quarter worth $2,536,000. Finally, Cadence Capital Management LLC acquired a new stake in shares of Alliance Data Systems during the third quarter worth $227,000. 91.12% of the stock is owned by hedge funds and other institutional investors.
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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