Alliance Data Systems (NYSE:ADS)‘s stock had its “hold” rating reiterated by research analysts at Credit Suisse Group in a research report issued on Wednesday, March 14th. They currently have a $218.00 target price on the business services provider’s stock. Credit Suisse Group’s price objective suggests a potential upside of 5.95% from the stock’s current price.
Several other brokerages have also weighed in on ADS. BMO Capital Markets cut their target price on Alliance Data Systems to $250.00 and set a “market perform” rating on the stock in a research report on Friday, January 26th. Barclays reissued an “equal weight” rating and set a $298.00 target price (up previously from $278.00) on shares of Alliance Data Systems in a research report on Monday, January 8th. Zacks Investment Research raised Alliance Data Systems from a “hold” rating to a “buy” rating and set a $283.00 target price on the stock in a research report on Friday, January 26th. Robert W. Baird reissued a “hold” rating and set a $270.00 target price on shares of Alliance Data Systems in a research report on Tuesday, January 9th. Finally, Royal Bank of Canada reissued a “buy” rating and set a $293.00 target price on shares of Alliance Data Systems in a research report on Thursday, January 4th. Four investment analysts have rated the stock with a sell rating, nine have given a hold rating and twelve have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $269.35.
ADS stock traded down $4.18 during mid-day trading on Wednesday, reaching $205.75. The company had a trading volume of 771,017 shares, 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 firm has a market capitalization of $11,411.10, a P/E ratio of 11.26, a P/E/G 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 posted its quarterly earnings results on Thursday, January 25th. The business services provider reported $6.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.72 by $1.38. The company had revenue of $2.11 billion for 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%. Alliance Data Systems’s revenue for the quarter was up 15.2% compared to the same quarter last year. During the same quarter last year, the company earned $4.67 EPS. analysts expect that Alliance Data Systems will post 21.46 EPS for the current year.
In related news, EVP Melisa A. Miller sold 12,246 shares of Alliance Data Systems 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 of the company’s stock, valued at $10,454,068.86. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Edward J. Heffernan sold 21,000 shares of the business’s 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 completion of the transaction, the insider now directly owns 264,668 shares of the company’s stock, valued at $64,798,666.44. The disclosure for this sale can be found here. Insiders own 2.60% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its holdings in shares of Alliance Data Systems by 12.9% in the fourth quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 22,857 shares of the business services provider’s stock worth $5,794,000 after acquiring an additional 2,603 shares during the last quarter. Mackenzie Financial Corp acquired a new position in shares of Alliance Data Systems in the fourth quarter worth $2,705,000. Folger Hill Asset Management LP raised its holdings in shares of Alliance Data Systems by 88.4% in the fourth quarter. Folger Hill Asset Management LP now owns 9,103 shares of the business services provider’s stock worth $2,307,000 after acquiring an additional 4,271 shares during the last quarter. Atlanta Capital Management Co. L L C raised its holdings in shares of Alliance Data Systems by 3.7% in the third quarter. Atlanta Capital Management Co. L L C now owns 140,187 shares of the business services provider’s stock worth $31,059,000 after acquiring an additional 4,980 shares during the last quarter. Finally, BlackRock Inc. raised its holdings in shares of Alliance Data Systems by 1.5% in the fourth 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 last quarter. 94.61% of the stock is owned by institutional investors.
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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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