Buckingham Research assumed coverage on shares of Alliance Data Systems (NYSE:ADS) in a research note issued to investors on Wednesday, March 14th. The brokerage issued a neutral rating and a $250.00 price objective on the business services provider’s stock.
Other research analysts also recently issued reports about the company. Edward Jones raised Alliance Data Systems from a hold rating to a buy rating in a research note on Friday, January 26th. Piper Jaffray reiterated a buy rating and set a $368.00 price target on shares of Alliance Data Systems in a research report on Thursday, January 18th. Zacks Investment Research upgraded Alliance Data Systems from a hold rating to a buy rating and set a $296.00 price target for the company in a research report on Friday, January 5th. Royal Bank of Canada reiterated a buy rating and set a $293.00 price target on shares of Alliance Data Systems in a research report on Thursday, January 4th. Finally, Stephens set a $304.00 price target on Alliance Data Systems and gave the stock a buy rating in a research report on Tuesday, January 2nd. Four equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and twelve have given a buy rating to the company. Alliance Data Systems has an average rating of Hold and a consensus price target of $269.35.
Shares of ADS stock traded down $4.18 during trading hours on Wednesday, hitting $205.75. 771,017 shares of the company’s stock were exchanged, compared to its average volume of 710,773. The company has a debt-to-equity ratio of 9.69, a current ratio of 2.43 and a quick ratio of 2.41. The company has a market cap of $11,411.10, a price-to-earnings ratio of 11.26, a PEG ratio of 0.75 and a beta of 1.76. Alliance Data Systems has a fifty-two week low of $203.66 and a fifty-two 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 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $4.72 by $1.38. The business had revenue of $2.11 billion during the quarter, compared to the consensus estimate of $2.15 billion. Alliance Data Systems had a return on equity of 66.17% and a net margin of 10.22%. The business’s quarterly revenue was up 15.2% on a year-over-year basis. During the same period in the prior year, the company posted $4.67 EPS. analysts anticipate that Alliance Data Systems will post 21.46 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Tuesday, March 20th. Shareholders of record on Wednesday, February 14th were issued a $0.57 dividend. This is a boost from Alliance Data Systems’s previous quarterly dividend of $0.52. This represents a $2.28 annualized dividend and a yield of 1.11%. The ex-dividend date was Tuesday, February 13th. Alliance Data Systems’s dividend payout ratio is presently 12.47%.
In other news, EVP Melisa A. Miller sold 12,246 shares of the stock in a transaction on Monday, February 26th. The stock was sold at an average price of $245.09, for a total transaction 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 approximately $10,454,068.86. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Edward J. Heffernan sold 21,000 shares of the stock in a transaction on 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 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 owned by corporate insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Alliance Data Systems by 516.3% during the 4th 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 during the period. Tower Research Capital LLC TRC acquired a new position in Alliance Data Systems during the 4th quarter worth about $152,000. FNY Managed Accounts LLC acquired a new position in Alliance Data Systems during the 4th quarter worth about $190,000. Cubic Asset Management LLC acquired a new position in Alliance Data Systems during the 4th quarter worth about $208,000. Finally, Groesbeck Investment Management Corp NJ acquired a new position in Alliance Data Systems during the 4th quarter worth about $208,000. Institutional investors and hedge funds own 94.61% of the company’s stock.
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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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