Arbor Wealth Management LLC purchased a new position in Alliance Data Systems Co. (NYSE:ADS) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 3,491 shares of the business services provider’s stock, valued at approximately $789,000.
Other large investors also recently bought and sold shares of the company. Fairbanks Capital Management Inc. grew its stake in Alliance Data Systems by 6.8% in the 3rd quarter. Fairbanks Capital Management Inc. now owns 7,258 shares of the business services provider’s stock valued at $1,608,000 after buying an additional 459 shares in the last quarter. Cubist Systematic Strategies LLC grew its stake in Alliance Data Systems by 363.1% in the 3rd quarter. Cubist Systematic Strategies LLC now owns 10,767 shares of the business services provider’s stock valued at $2,385,000 after buying an additional 8,442 shares in the last quarter. Point72 Asset Management L.P. purchased a new position in shares of Alliance Data Systems during the 3rd quarter valued at $19,623,000. Highbridge Capital Management LLC purchased a new position in shares of Alliance Data Systems during the 3rd quarter valued at $529,000. Finally, Janus Henderson Group PLC grew its position in shares of Alliance Data Systems by 38.6% during the 3rd quarter. Janus Henderson Group PLC now owns 14,743 shares of the business services provider’s stock valued at $3,266,000 after purchasing an additional 4,106 shares in the last quarter. 95.35% of the stock is currently owned by institutional investors.
Shares of Alliance Data Systems Co. (NYSE ADS) opened at $233.05 on Monday. The company has a debt-to-equity ratio of 9.53, a current ratio of 2.11 and a quick ratio of 2.09. The firm has a market cap of $12,875.70, a price-to-earnings ratio of 13.85, a price-to-earnings-growth ratio of 1.01 and a beta of 1.79. Alliance Data Systems Co. has a one year low of $209.00 and a one year high of $266.25.
Alliance Data Systems (NYSE:ADS) last posted its quarterly earnings results on Thursday, October 19th. The business services provider reported $5.35 earnings per share for the quarter, topping the consensus estimate of $4.80 by $0.55. The business had revenue of $1.91 billion during the quarter, compared to the consensus estimate of $1.97 billion. Alliance Data Systems had a net margin of 7.09% and a return on equity of 62.95%. The firm’s revenue for the quarter was up 1.4% on a year-over-year basis. During the same period in the previous year, the firm posted $4.74 earnings per share. equities analysts anticipate that Alliance Data Systems Co. will post 17.12 EPS for the current fiscal year.
The firm also recently declared 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 0.89%. The ex-dividend date of this dividend is Monday, November 13th. Alliance Data Systems’s dividend payout ratio is presently 22.06%.
ADS has been the subject of a number of recent analyst reports. Credit Suisse Group restated a “sell” rating and set a $174.00 price target on shares of Alliance Data Systems in a research report on Thursday, August 17th. BidaskClub lowered shares of Alliance Data Systems from a “hold” rating to a “sell” rating in a research report on Thursday, August 24th. KeyCorp restated a “hold” rating on shares of Alliance Data Systems in a research report on Friday, August 25th. Oppenheimer set a $191.00 price target on shares of Alliance Data Systems and gave the company a “sell” rating in a research report on Thursday, August 24th. Finally, Keefe, Bruyette & Woods restated a “buy” rating and set a $300.00 price target on shares of Alliance Data Systems in a research report on Thursday, August 31st. Four investment analysts have rated the stock with a sell rating, eight have given a hold rating and nine have given a buy rating to the stock. Alliance Data Systems has an average rating of “Hold” and an average price target of $258.50.
In other Alliance Data Systems news, CFO Charles L. Horn sold 2,128 shares of the business’s stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $235.00, for a total value of $500,080.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 2.60% of the company’s stock.
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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.
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