Alliance Data (NYSE:ADS) had its target price reduced by Robert W. Baird from $250.00 to $242.00 in a report released on Tuesday morning. They currently have a neutral rating on the business services provider’s stock.
Several other equities analysts also recently issued reports on ADS. Credit Suisse Group cut their price objective on Alliance Data from $218.00 to $206.00 and set an underperform rating for the company in a research report on Friday, April 13th. BMO Capital Markets reiterated a hold rating and issued a $230.00 price objective on shares of Alliance Data in a research report on Monday, April 16th. Oppenheimer set a $206.00 price objective on Alliance Data and gave the company a sell rating in a research report on Thursday, April 12th. Wedbush cut their price objective on Alliance Data from $252.00 to $230.00 and set a neutral rating for the company in a research report on Monday, April 2nd. They noted that the move was a valuation call. Finally, JMP Securities cut their price objective on Alliance Data from $310.00 to $270.00 and set a positive rating for the company in a research report on Thursday, April 12th. Three analysts have rated the stock with a sell rating, nine have issued a hold rating and twelve have given a buy rating to the company. The stock currently has a consensus rating of Hold and an average price target of $262.37.
Shares of ADS opened at $209.32 on Tuesday. The company has a quick ratio of 2.41, a current ratio of 1.85 and a debt-to-equity ratio of 7.10. Alliance Data has a 52-week low of $202.00 and a 52-week high of $278.33. The firm has a market capitalization of $11,738.94, a price-to-earnings ratio of 11.18, a price-to-earnings-growth ratio of 0.78 and a beta of 1.76.
Alliance Data (NYSE:ADS) last issued its quarterly earnings data on Thursday, April 19th. The business services provider reported $4.44 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $3.98 by $0.46. Alliance Data had a return on equity of 61.30% and a net margin of 10.44%. The firm had revenue of $1.88 billion during the quarter, compared to the consensus estimate of $1.93 billion. During the same quarter in the previous year, the company posted $3.91 EPS. The business’s revenue for the quarter was up .3% compared to the same quarter last year. equities research analysts forecast that Alliance Data will post 21.18 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 19th. Stockholders of record on Monday, May 14th will be given a dividend of $0.57 per share. The ex-dividend date is Friday, May 11th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 1.09%. Alliance Data’s payout ratio is currently 12.47%.
In related news, EVP Melisa A. Miller sold 12,246 shares of Alliance Data 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 sale, 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 can be accessed through the SEC website. Also, insider Edward J. Heffernan sold 21,000 shares of Alliance Data 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 sale, 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.
Institutional investors have recently made changes to their positions in the stock. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its stake in shares of Alliance Data by 12.9% during 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 purchasing an additional 2,603 shares during the period. Mackenzie Financial Corp acquired a new stake in shares of Alliance Data during the fourth quarter worth $2,705,000. Folger Hill Asset Management LP grew its stake in shares of Alliance Data by 88.4% during 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 purchasing an additional 4,271 shares during the period. BlackRock Inc. grew its stake in shares of Alliance Data by 1.5% during the fourth quarter. BlackRock Inc. now owns 3,060,167 shares of the business services provider’s stock worth $775,693,000 after purchasing an additional 45,033 shares during the period. Finally, American International Group Inc. grew its stake in shares of Alliance Data by 12.3% during the fourth quarter. American International Group Inc. now owns 17,201 shares of the business services provider’s stock worth $4,360,000 after purchasing an additional 1,889 shares during the period. 94.65% of the stock is owned by institutional investors and hedge funds.
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About Alliance Data
Alliance Data Systems Corporation provides data-driven marketing and loyalty solutions worldwide. It operates through three segments: LoyaltyOne, Epsilon, and Card Services. 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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