Mutual of America Capital Management LLC trimmed its stake in Alliance Data Systems Corporation (NYSE:ADS) by 10.4% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 6,071 shares of the business services provider’s stock after selling 701 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Alliance Data Systems Corporation were worth $1,345,000 as of its most recent filing with the SEC.
A number of other institutional investors also recently added to or reduced their stakes in the stock. TimesSquare Capital Management LLC grew its stake in Alliance Data Systems Corporation by 2.9% during the second quarter. TimesSquare Capital Management LLC now owns 676,889 shares of the business services provider’s stock worth $173,751,000 after buying an additional 18,922 shares during the period. Artemis Investment Management LLP raised its holdings in Alliance Data Systems Corporation by 164.5% in the second quarter. Artemis Investment Management LLP now owns 26,365 shares of the business services provider’s stock valued at $6,770,000 after acquiring an additional 16,396 shares in the last quarter. Prudential Financial Inc. raised its holdings in Alliance Data Systems Corporation by 1.1% in the second quarter. Prudential Financial Inc. now owns 81,417 shares of the business services provider’s stock valued at $20,899,000 after acquiring an additional 875 shares in the last quarter. Delta Lloyd Asset Management N.V. acquired a new stake in Alliance Data Systems Corporation in the second quarter valued at $1,150,000. Finally, Laurion Capital Management LP acquired a new stake in Alliance Data Systems Corporation in the second quarter valued at $4,007,000. Hedge funds and other institutional investors own 96.24% of the company’s stock.
Alliance Data Systems Corporation (ADS) opened at $225.45 on Friday. The firm has a market capitalization of $12,455.89, a PE ratio of 13.40, a PEG ratio of 0.98 and a beta of 1.78. The company has a current ratio of 2.11, a quick ratio of 2.23 and a debt-to-equity ratio of 9.53. Alliance Data Systems Corporation has a 12-month low of $206.41 and a 12-month high of $266.25.
Alliance Data Systems Corporation (NYSE:ADS) last released its quarterly earnings results on Thursday, October 19th. The business services provider reported $5.35 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $4.80 by $0.55. The company had revenue of $1.91 billion during the quarter, compared to analyst estimates of $1.97 billion. Alliance Data Systems Corporation had a return on equity of 62.95% and a net margin of 7.09%. The firm’s revenue was up 1.4% on a year-over-year basis. During the same quarter last year, the business posted $4.74 earnings per share. sell-side analysts forecast that Alliance Data Systems Corporation will post 17.12 EPS for the current year.
Alliance Data Systems Corporation announced that its Board of Directors has initiated a stock buyback program on Thursday, July 27th that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the business services provider to reacquire shares of its stock through open market purchases. Shares repurchase programs are typically an indication that the company’s board of directors believes its shares are undervalued.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 19th. Shareholders of record on Tuesday, November 14th will be paid a $0.52 dividend. This represents a $2.08 annualized dividend and a yield of 0.92%. The ex-dividend date of this dividend is Monday, November 13th. Alliance Data Systems Corporation’s payout ratio is currently 22.06%.
A number of brokerages have weighed in on ADS. BidaskClub cut shares of Alliance Data Systems Corporation from a “hold” rating to a “sell” rating in a report on Thursday, August 24th. Piper Jaffray Companies restated a “buy” rating and set a $302.00 price target on shares of Alliance Data Systems Corporation in a research report on Thursday, August 3rd. Barclays PLC lowered shares of Alliance Data Systems Corporation from an “overweight” rating to an “equal weight” rating and decreased their target price for the company from $285.00 to $265.00 in a research report on Friday, July 21st. ValuEngine lowered shares of Alliance Data Systems Corporation from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Finally, Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $300.00 price objective on shares of Alliance Data Systems Corporation in a research note on Thursday, August 31st. Four research analysts have rated the stock with a sell rating, nine have given a hold rating and ten have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $257.00.
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Alliance Data Systems Corporation 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.
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