Franklin Street Advisors Inc. NC cut its holdings in shares of Alliance Data Systems Co. (NYSE:ADS) by 17.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 18,444 shares of the business services provider’s stock after selling 3,935 shares during the period. Franklin Street Advisors Inc. NC’s holdings in Alliance Data Systems were worth $4,675,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also made changes to their positions in the company. Fiduciary Trust Co. acquired a new stake in Alliance Data Systems in the second quarter valued at $108,000. ETF Managers Group LLC acquired a new stake in Alliance Data Systems in the second quarter valued at $128,000. WFG Advisors LP lifted its holdings in Alliance Data Systems by 135.9% in the second quarter. WFG Advisors LP now owns 677 shares of the business services provider’s stock valued at $174,000 after acquiring an additional 390 shares during the period. Commonwealth Bank of Australia lifted its holdings in Alliance Data Systems by 66.6% in the second quarter. Commonwealth Bank of Australia now owns 728 shares of the business services provider’s stock valued at $185,000 after acquiring an additional 291 shares during the period. Finally, Simonbaker & Partners LLC acquired a new stake in Alliance Data Systems in the second quarter valued at $202,000. Institutional investors and hedge funds own 94.87% of the company’s stock.
Shares of Alliance Data Systems Co. (ADS) opened at $257.11 on Friday. The company has a quick ratio of 2.09, a current ratio of 1.91 and a debt-to-equity ratio of 8.02. The company has a market capitalization of $14,065.76, a PE ratio of 18.20, a price-to-earnings-growth ratio of 0.91 and a beta of 1.79. Alliance Data Systems Co. has a fifty-two week low of $209.00 and a fifty-two week high of $278.33.
Alliance Data Systems (NYSE:ADS) last posted its quarterly earnings results on Thursday, January 25th. The business services provider reported $6.10 EPS for the quarter, beating the consensus estimate of $4.72 by $1.38. Alliance Data Systems had a return on equity of 66.17% and a net margin of 10.22%. The company had revenue of $2.11 billion during the quarter, compared to analysts’ expectations of $2.15 billion. During the same quarter in the previous year, the business earned $4.67 EPS. The firm’s revenue was up 15.2% on a year-over-year basis. equities research analysts forecast that Alliance Data Systems Co. will post 21.49 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 20th. Stockholders of record on Wednesday, February 14th will be issued a dividend of $0.57 per share. The ex-dividend date of this dividend is Tuesday, February 13th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 0.89%. This is a boost from Alliance Data Systems’s previous quarterly dividend of $0.52. Alliance Data Systems’s payout ratio is presently 14.72%.
In other news, CFO Charles L. Horn sold 2,128 shares of the business’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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.60% of the stock is currently owned by insiders.
Several research analysts have recently issued reports on the company. Royal Bank of Canada reaffirmed a “buy” rating and set a $293.00 price target on shares of Alliance Data Systems in a research note on Thursday, January 4th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $300.00 price target on shares of Alliance Data Systems in a research note on Friday, October 6th. Credit Suisse Group reaffirmed an “underperform” rating and set a $218.00 price target (up previously from $193.00) on shares of Alliance Data Systems in a research note on Wednesday, January 17th. Barclays raised Alliance Data Systems from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $265.00 to $310.00 in a research note on Wednesday, January 3rd. Finally, BMO Capital Markets reiterated a “hold” rating and set a $235.00 price objective on shares of Alliance Data Systems in a research report on Wednesday, November 22nd. Four research analysts have rated the stock with a sell rating, six have issued a hold rating and thirteen have given a buy rating to the company. Alliance Data Systems currently has a consensus rating of “Hold” and an average price target of $276.44.
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Alliance Data Systems 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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