Axa lifted its position in shares of Alliance Data Systems Co. (NYSE:ADS) by 2.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 211,955 shares of the business services provider’s stock after buying an additional 5,046 shares during the quarter. Axa owned approximately 0.38% of Alliance Data Systems worth $46,959,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently bought and sold shares of ADS. IFM Investors Pty Ltd purchased a new stake in shares of Alliance Data Systems during the 3rd quarter worth $335,000. Yellowstone Partners LLC purchased a new stake in shares of Alliance Data Systems during the 3rd quarter worth $5,220,000. California Public Employees Retirement System lifted its stake in shares of Alliance Data Systems by 5.7% during the 3rd quarter. California Public Employees Retirement System now owns 124,845 shares of the business services provider’s stock worth $27,659,000 after purchasing an additional 6,765 shares during the last quarter. Arbor Wealth Management LLC purchased a new stake in shares of Alliance Data Systems during the 3rd quarter worth $789,000. Finally, Fairbanks Capital Management Inc. lifted its stake in shares of Alliance Data Systems by 6.8% during the 3rd quarter. Fairbanks Capital Management Inc. now owns 7,258 shares of the business services provider’s stock worth $1,608,000 after purchasing an additional 459 shares during the last quarter. 95.35% of the stock is currently owned by institutional investors and hedge funds.
Alliance Data Systems Co. (NYSE:ADS) opened at $239.81 on Friday. 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 $13,054.71, a PE ratio of 14.04, a PEG ratio of 1.02 and a beta of 1.79. Alliance Data Systems Co. has a 1-year low of $209.00 and a 1-year high of $266.25.
Alliance Data Systems (NYSE:ADS) last announced its quarterly earnings data on Thursday, October 19th. The business services provider reported $5.35 earnings per share for the quarter, beating analysts’ consensus estimates of $4.80 by $0.55. The business had revenue of $1.91 billion for the quarter, compared to analyst estimates of $1.97 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 1.4% on a year-over-year basis. During the same period in the prior year, the company earned $4.74 earnings per share. sell-side analysts anticipate that Alliance Data Systems Co. will post 17.12 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 19th. Stockholders of record on Tuesday, November 14th will be issued a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.87%. The ex-dividend date of this dividend is Monday, November 13th. Alliance Data Systems’s dividend payout ratio is presently 22.06%.
A number of research firms have commented on ADS. ValuEngine upgraded Alliance Data Systems from a “hold” rating to a “buy” rating in a research note on Saturday, October 21st. Oppenheimer set a $208.00 price target on Alliance Data Systems and gave the company a “sell” rating in a research note on Thursday, October 26th. SunTrust Banks reiterated a “buy” rating and issued a $310.00 price target on shares of Alliance Data Systems in a research note on Friday, October 20th. BMO Capital Markets reiterated a “hold” rating and issued a $235.00 price target on shares of Alliance Data Systems in a research note on Wednesday, October 18th. Finally, Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $300.00 price target on shares of Alliance Data Systems in a research note on Friday, October 6th. Four investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and nine have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $258.50.
In other news, CFO Charles L. Horn sold 2,128 shares of the stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $235.00, for a total value of $500,080.00. The sale was disclosed in a document filed with the SEC, which is available through this link. 2.60% of the stock is currently owned by corporate insiders.
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About Alliance Data Systems
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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