Credit Suisse Group reaffirmed their hold rating on shares of Alliance Data Systems (NYSE:ADS) in a report released on Wednesday morning. They currently have a $218.00 price target on the business services provider’s stock.
ADS has been the subject of several other reports. Royal Bank of Canada reiterated a buy rating and issued a $293.00 target price on shares of Alliance Data Systems in a report on Thursday, January 4th. Barclays upgraded shares of Alliance Data Systems from an equal weight rating to an overweight rating and raised their target price for the stock from $265.00 to $310.00 in a report on Wednesday, January 3rd. BMO Capital Markets reiterated a hold rating and issued a $235.00 target price on shares of Alliance Data Systems in a report on Wednesday, November 22nd. Zacks Investment Research upgraded shares of Alliance Data Systems from a hold rating to a buy rating and set a $310.00 target price for the company in a report on Tuesday, January 16th. Finally, Stephens set a $304.00 target price on shares of Alliance Data Systems and gave the stock a buy rating in a report on Tuesday, January 2nd. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and twelve have assigned a buy rating to the stock. Alliance Data Systems currently has an average rating of Hold and a consensus price target of $275.05.
Alliance Data Systems (NYSE:ADS) opened at $229.09 on Wednesday. The stock has a market cap of $12,774.41, a P/E ratio of 16.21, a PEG ratio of 0.82 and a beta of 1.69. The company has a quick ratio of 2.41, a current ratio of 2.43 and a debt-to-equity ratio of 9.69. Alliance Data Systems has a 52 week low of $209.00 and a 52 week high of $278.33.
Alliance Data Systems (NYSE:ADS) last announced its earnings results on Thursday, January 25th. The business services provider reported $6.10 EPS for the quarter, topping the consensus estimate of $4.72 by $1.38. Alliance Data Systems had a net margin of 10.22% and a return on equity of 66.17%. The company had revenue of $2.11 billion during the quarter, compared to analysts’ expectations of $2.15 billion. During the same period last year, the company posted $4.67 earnings per share. The business’s revenue for the quarter was up 15.2% on a year-over-year basis. research analysts expect that Alliance Data Systems will post 21.49 earnings per share for the current fiscal 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 issued a dividend of $0.57 per share. This is a boost from Alliance Data Systems’s previous quarterly dividend of $0.52. This represents a $2.28 annualized dividend and a dividend yield of 1.00%. The ex-dividend date is Tuesday, February 13th. Alliance Data Systems’s dividend payout ratio (DPR) is currently 16.14%.
In related news, EVP Melisa A. Miller sold 12,246 shares of the firm’s stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $245.09, for a total transaction of $3,001,372.14. Following the completion of the sale, the executive vice president now directly owns 42,654 shares in the company, valued at $10,454,068.86. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Edward J. Heffernan sold 21,000 shares of the firm’s stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $244.83, for a total transaction of $5,141,430.00. Following the sale, the insider now owns 264,668 shares of the company’s stock, valued at $64,798,666.44. The disclosure for this sale can be found here. Company insiders own 2.60% of the company’s stock.
Hedge funds have recently bought and sold shares of the stock. Northwestern Mutual Wealth Management Co. raised its position in Alliance Data Systems by 516.3% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 493 shares of the business services provider’s stock valued at $125,000 after acquiring an additional 413 shares in the last quarter. Tower Research Capital LLC TRC bought a new position in Alliance Data Systems during the fourth quarter valued at approximately $152,000. FNY Managed Accounts LLC bought a new position in Alliance Data Systems during the fourth quarter valued at approximately $190,000. Cubic Asset Management LLC bought a new position in Alliance Data Systems during the fourth quarter valued at approximately $208,000. Finally, Groesbeck Investment Management Corp NJ bought a new position in Alliance Data Systems during the fourth quarter valued at approximately $208,000. Institutional investors and hedge funds own 94.61% of the company’s stock.
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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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