AMP Capital Investors Ltd trimmed its stake in shares of Alliance Data Systems Co. (NYSE:ADS) by 10.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 31,693 shares of the business services provider’s stock after selling 3,583 shares during the period. AMP Capital Investors Ltd owned about 0.06% of Alliance Data Systems worth $8,032,000 at the end of the most recent reporting period.
Several other hedge funds also recently bought and sold shares of ADS. BlackRock Inc. grew its stake in Alliance Data Systems by 1.5% in the 4th quarter. BlackRock Inc. now owns 3,060,167 shares of the business services provider’s stock worth $775,693,000 after acquiring an additional 45,033 shares during the period. Edgewood Management LLC grew its stake in Alliance Data Systems by 1.1% in the 3rd quarter. Edgewood Management LLC now owns 2,900,220 shares of the business services provider’s stock worth $642,544,000 after acquiring an additional 30,560 shares during the period. Parnassus Investments CA grew its stake in Alliance Data Systems by 3.0% in the 4th quarter. Parnassus Investments CA now owns 695,000 shares of the business services provider’s stock worth $176,169,000 after acquiring an additional 20,000 shares during the period. USS Investment Management Ltd grew its stake in Alliance Data Systems by 24.3% in the 4th quarter. USS Investment Management Ltd now owns 678,796 shares of the business services provider’s stock worth $172,078,000 after acquiring an additional 132,796 shares during the period. Finally, Atlantic Trust Group LLC grew its stake in Alliance Data Systems by 53.6% in the 3rd quarter. Atlantic Trust Group LLC now owns 572,862 shares of the business services provider’s stock worth $126,917,000 after acquiring an additional 199,877 shares during the period. Institutional investors own 94.61% of the company’s stock.
In other news, EVP Melisa A. Miller sold 12,246 shares of the stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $245.09, for a total value of $3,001,372.14. Following the completion of the transaction, 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 legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Edward J. Heffernan sold 21,000 shares of the stock in a transaction that occurred on 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 transaction, 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. 2.60% of the stock is currently owned by corporate insiders.
ADS has been the subject of several research reports. Piper Jaffray reissued a “buy” rating and set a $313.00 price objective on shares of Alliance Data Systems in a research note on Friday. Wedbush lowered their price objective on shares of Alliance Data Systems from $252.00 to $230.00 and set a “neutral” rating for the company in a research note on Monday, April 2nd. They noted that the move was a valuation call. Royal Bank of Canada reissued a “buy” rating on shares of Alliance Data Systems in a research note on Thursday, March 29th. Zacks Investment Research cut shares of Alliance Data Systems from a “hold” rating to a “sell” rating in a research report on Wednesday, March 28th. Finally, UBS started coverage on shares of Alliance Data Systems in a research report on Tuesday, March 27th. They set a “neutral” rating and a $238.00 price target for the company. Four equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and twelve have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $269.35.
ADS traded down $4.18 on Friday, hitting $205.75. 771,017 shares of the company’s stock were exchanged, compared to its average volume of 710,773. The firm has a market cap of $11,642.99, a price-to-earnings ratio of 11.26, a price-to-earnings-growth ratio of 0.77 and a beta of 1.76. Alliance Data Systems Co. has a twelve month low of $203.66 and a twelve month high of $278.33. 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 (NYSE:ADS) last released its quarterly earnings data on Thursday, January 25th. The business services provider reported $6.10 earnings per share 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 firm had revenue of $2.11 billion for the quarter, compared to analyst estimates of $2.15 billion. During the same quarter in the prior year, the business earned $4.67 earnings per share. Alliance Data Systems’s quarterly revenue was up 15.2% on a year-over-year basis. research analysts anticipate that Alliance Data Systems Co. will post 21.46 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, March 20th. Shareholders of record on Wednesday, February 14th were given a $0.57 dividend. This is a boost from Alliance Data Systems’s previous quarterly dividend of $0.52. The ex-dividend date of this dividend was Tuesday, February 13th. This represents a $2.28 annualized dividend and a yield of 1.11%. Alliance Data Systems’s dividend payout ratio is 12.47%.
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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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