Alliance Data Systems Co. (NYSE:ADS) insider Edward J. Heffernan sold 21,000 shares of the company’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $244.83, for a total transaction of $5,141,430.00. Following the completion of the sale, the insider now directly owns 264,668 shares of the company’s stock, valued at $64,798,666.44. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.
Alliance Data Systems Co. (NYSE ADS) traded down $4.98 during mid-day trading on Wednesday, reaching $239.59. 771,456 shares of the company’s stock were exchanged, compared to its average volume of 684,576. The company has a quick ratio of 2.09, a current ratio of 1.91 and a debt-to-equity ratio of 8.02. Alliance Data Systems Co. has a 52 week low of $209.00 and a 52 week high of $278.33. The stock has a market capitalization of $13,240.00, a price-to-earnings ratio of 15.67, a PEG ratio of 0.88 and a beta of 1.71.
Alliance Data Systems (NYSE:ADS) last posted its quarterly earnings results on Thursday, January 25th. The business services provider reported $6.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.72 by $1.38. The business had revenue of $2.11 billion during the quarter, compared to analyst estimates of $2.15 billion. Alliance Data Systems had a net margin of 10.22% and a return on equity of 66.17%. The firm’s revenue was up 15.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $4.67 earnings per share. analysts forecast that Alliance Data Systems Co. will post 21.49 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 20th. Stockholders of record on Wednesday, February 14th will be given a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a dividend yield of 0.95%. This is a positive change from Alliance Data Systems’s previous quarterly dividend of $0.52. The ex-dividend date of this dividend is Tuesday, February 13th. Alliance Data Systems’s dividend payout ratio is 14.91%.
A number of equities research analysts have weighed in on the stock. Zacks Investment Research raised shares of Alliance Data Systems from a “hold” rating to a “buy” rating and set a $310.00 price target for the company in a report on Tuesday, January 16th. Barclays reissued an “equal weight” rating and issued a $298.00 price target (up from $278.00) on shares of Alliance Data Systems in a report on Monday, January 8th. Royal Bank of Canada reissued a “buy” rating and issued a $293.00 price target 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 target on shares of Alliance Data Systems in a report on Tuesday, January 9th. Finally, JMP Securities upped their price target on shares of Alliance Data Systems from $285.00 to $310.00 and gave the company a “market outperform” rating in a report on Friday, January 26th. Four analysts have rated the stock with a sell rating, six have given a hold rating and thirteen have given a buy rating to the stock. Alliance Data Systems has an average rating of “Hold” and an average target price of $276.44.
Several hedge funds and other institutional investors have recently bought and sold shares of ADS. Northwestern Mutual Wealth Management Co. lifted its position in shares of Alliance Data Systems by 516.3% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 493 shares of the business services provider’s stock worth $125,000 after purchasing an additional 413 shares in the last quarter. Tower Research Capital LLC TRC purchased a new stake in shares of Alliance Data Systems in the fourth quarter worth approximately $152,000. FNY Managed Accounts LLC purchased a new stake in shares of Alliance Data Systems in the fourth quarter worth approximately $190,000. Cubic Asset Management LLC purchased a new stake in shares of Alliance Data Systems in the fourth quarter worth approximately $208,000. Finally, Groesbeck Investment Management Corp NJ purchased a new stake in shares of Alliance Data Systems in the fourth quarter worth approximately $208,000. 94.00% of the stock is owned by institutional investors and hedge funds.
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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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