Alliance Data Systems (ADS) PT Lowered to $298.00

Alliance Data Systems (NYSE:ADS) had its price objective lowered by equities research analysts at Barclays from $310.00 to $298.00 in a report released on Friday. The firm currently has an “overweight” rating on the business services provider’s stock. Barclays’ price objective indicates a potential upside of 13.81% from the company’s previous close.

A number of other brokerages have also weighed in on ADS. Zacks Investment Research raised Alliance Data Systems from a “hold” rating to a “buy” rating and set a $310.00 price objective on the stock in a report on Tuesday, January 16th. Royal Bank of Canada reissued a “buy” rating and issued a $293.00 price objective on shares of Alliance Data Systems in a report on Thursday, January 4th. Robert W. Baird reissued a “hold” rating and issued a $270.00 price objective on shares of Alliance Data Systems in a report on Tuesday, January 9th. JMP Securities increased their price objective on Alliance Data Systems from $285.00 to $310.00 and gave the company a “market outperform” rating in a report on Friday. Finally, Stephens set a $304.00 price objective on Alliance Data Systems and gave the company a “buy” rating in a report on Tuesday, January 2nd. Four research analysts have rated the stock with a sell rating, seven have issued a hold rating and fourteen have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $276.44.

Shares of Alliance Data Systems (NYSE ADS) traded up $9.00 during mid-day trading on Friday, hitting $261.85. The stock had a trading volume of 877,706 shares, compared to its average volume of 625,787. The company has a quick ratio of 2.09, a current ratio of 2.11 and a debt-to-equity ratio of 9.53. The firm has a market capitalization of $14,470.00, a price-to-earnings ratio of 27.77, a PEG ratio of 0.97 and a beta of 1.79. Alliance Data Systems has a fifty-two week low of $209.00 and a fifty-two week high of $278.33.

Alliance Data Systems (NYSE:ADS) last announced its quarterly earnings data on Thursday, January 25th. The business services provider reported $6.10 earnings per share for the quarter, beating analysts’ consensus estimates of $4.72 by $1.38. The business had revenue of $2.11 billion for the quarter, compared to analyst estimates of $2.15 billion. Alliance Data Systems had a return on equity of 62.95% and a net margin of 7.09%. The company’s revenue was up 15.2% on a year-over-year basis. During the same period in the prior year, the company earned $4.67 earnings per share. equities analysts expect that Alliance Data Systems will post 17.06 earnings per share for the current year.

In related news, CFO Charles L. Horn sold 2,128 shares of the firm’s stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $235.00, for a total transaction of $500,080.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 2.60% of the stock is owned by company insiders.

A number of institutional investors have recently bought and sold shares of ADS. PNC Financial Services Group Inc. grew its holdings in Alliance Data Systems by 28.8% during the second quarter. PNC Financial Services Group Inc. now owns 9,232 shares of the business services provider’s stock worth $2,369,000 after acquiring an additional 2,063 shares during the period. GSA Capital Partners LLP purchased a new position in Alliance Data Systems during the second quarter worth approximately $266,000. M&T Bank Corp boosted its position in Alliance Data Systems by 13.3% during the second quarter. M&T Bank Corp now owns 6,633 shares of the business services provider’s stock worth $1,703,000 after purchasing an additional 778 shares in the last quarter. Suntrust Banks Inc. boosted its position in Alliance Data Systems by 1.7% during the second quarter. Suntrust Banks Inc. now owns 2,240 shares of the business services provider’s stock worth $574,000 after purchasing an additional 37 shares in the last quarter. Finally, Cibc World Markets Corp boosted its position in Alliance Data Systems by 28.7% during the second quarter. Cibc World Markets Corp now owns 7,871 shares of the business services provider’s stock worth $2,020,000 after purchasing an additional 1,757 shares in the last quarter. 94.77% of the stock is currently owned by hedge funds and other institutional investors.

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Alliance Data Systems Company Profile

Alliance Data Systems Corporation is a provider of data-driven marketing and loyalty solutions serving consumer-based businesses in a range of industries. 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.