Logan Capital Management Inc. lessened its holdings in Alliance Data Systems Co. (NYSE:ADS) by 32.3% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 30,219 shares of the business services provider’s stock after selling 14,424 shares during the period. Logan Capital Management Inc. owned 0.05% of Alliance Data Systems worth $7,660,000 as of its most recent SEC filing.
A number of other hedge funds have also modified their holdings of the business. Standard Life Aberdeen plc increased its stake in Alliance Data Systems by 0.6% in the 4th quarter. Standard Life Aberdeen plc now owns 64,935 shares of the business services provider’s stock worth $16,462,000 after buying an additional 402 shares in the last quarter. Baird Financial Group Inc. increased its stake in Alliance Data Systems by 40.8% in the 4th quarter. Baird Financial Group Inc. now owns 157,823 shares of the business services provider’s stock worth $40,005,000 after buying an additional 45,730 shares in the last quarter. American International Group Inc. increased its stake in Alliance Data Systems by 12.3% in the 4th quarter. American International Group Inc. now owns 17,201 shares of the business services provider’s stock worth $4,360,000 after buying an additional 1,889 shares in the last quarter. HAP Trading LLC purchased a new stake in Alliance Data Systems in the 4th quarter worth $6,254,000. Finally, Wetherby Asset Management Inc. purchased a new stake in Alliance Data Systems in the 4th quarter worth $219,000. Institutional investors and hedge funds own 94.00% of the company’s stock.
ADS has been the subject of a number of analyst reports. Oppenheimer set a $208.00 price target on Alliance Data Systems and gave the stock a “sell” rating in a research note on Thursday, October 26th. 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, November 22nd. Barclays upgraded Alliance Data Systems from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $265.00 to $310.00 in a research note on Wednesday, January 3rd. Stephens set a $304.00 price target on Alliance Data Systems and gave the stock a “buy” rating in a research note on Tuesday, January 2nd. Finally, Royal Bank of Canada reiterated a “buy” rating and issued a $293.00 price target on shares of Alliance Data Systems in a research note on Thursday, January 4th. Four research analysts have rated the stock with a sell rating, six have assigned a hold rating and thirteen have given a buy rating to the stock. Alliance Data Systems presently has an average rating of “Hold” and a consensus target price of $276.44.
In related news, insider Edward J. Heffernan sold 21,000 shares of Alliance Data Systems stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $244.83, for a total value of $5,141,430.00. Following the completion of the transaction, the insider now owns 264,668 shares in the company, valued at $64,798,666.44. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Charles L. Horn sold 2,128 shares of Alliance Data Systems 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 disclosure for this sale can be found here. Company insiders own 2.60% of the company’s stock.
Alliance Data Systems Co. (NYSE:ADS) opened at $239.59 on Thursday. The company has a market capitalization of $13,512.17, a PE ratio of 16.96, a P/E/G ratio of 0.88 and a beta of 1.71. Alliance Data Systems Co. has a 12-month low of $209.00 and a 12-month high of $278.33. The company has a debt-to-equity ratio of 8.02, a current ratio of 1.91 and a quick ratio of 2.09.
Alliance Data Systems (NYSE:ADS) last released its quarterly earnings results on Thursday, January 25th. The business services provider reported $6.10 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $4.72 by $1.38. The company had revenue of $2.11 billion during the quarter, compared to analyst estimates of $2.15 billion. Alliance Data Systems had a return on equity of 66.17% and a net margin of 10.22%. The firm’s revenue was up 15.2% on a year-over-year basis. During the same quarter last year, the business posted $4.67 earnings per share. analysts expect 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. Investors of record on Wednesday, February 14th will be given a $0.57 dividend. The ex-dividend date is Tuesday, February 13th. This represents a $2.28 annualized dividend and a yield of 0.95%. This is a positive change from Alliance Data Systems’s previous quarterly dividend of $0.52. Alliance Data Systems’s dividend payout ratio (DPR) is currently 16.14%.
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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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