LPL Financial LLC reduced its stake in Alliance Data (NYSE:ADS) by 48.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,314 shares of the business services provider’s stock after selling 1,233 shares during the period. LPL Financial LLC’s holdings in Alliance Data were worth $333,000 at the end of the most recent quarter.
Several other large investors also recently added to or reduced their stakes in ADS. Janus Henderson Group PLC increased its holdings in shares of Alliance Data by 38.6% in the third quarter. Janus Henderson Group PLC now owns 14,743 shares of the business services provider’s stock valued at $3,266,000 after purchasing an additional 4,106 shares during the last quarter. Atria Investments LLC acquired a new position in shares of Alliance Data in the fourth quarter valued at $419,000. USS Investment Management Ltd increased its holdings in shares of Alliance Data by 24.3% in the fourth quarter. USS Investment Management Ltd now owns 678,796 shares of the business services provider’s stock valued at $172,078,000 after purchasing an additional 132,796 shares during the last quarter. Convergence Investment Partners LLC increased its holdings in shares of Alliance Data by 9.0% in the fourth quarter. Convergence Investment Partners LLC now owns 17,480 shares of the business services provider’s stock valued at $4,431,000 after purchasing an additional 1,438 shares during the last quarter. Finally, National Pension Service increased its holdings in shares of Alliance Data by 7.9% in the fourth quarter. National Pension Service now owns 61,677 shares of the business services provider’s stock valued at $15,634,000 after purchasing an additional 4,505 shares during the last quarter. Hedge funds and other institutional investors own 94.65% of the company’s stock.
ADS opened at $209.32 on Monday. Alliance Data has a twelve month low of $202.00 and a twelve month high of $278.33. The company has a debt-to-equity ratio of 7.10, a current ratio of 1.85 and a quick ratio of 2.41. The stock has a market cap of $11,609.10, a P/E ratio of 11.45, a PEG ratio of 0.78 and a beta of 1.76.
Alliance Data (NYSE:ADS) last posted its quarterly earnings data on Thursday, April 19th. The business services provider reported $4.44 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $3.98 by $0.46. Alliance Data had a net margin of 10.44% and a return on equity of 61.30%. The business had revenue of $1.88 billion during the quarter, compared to analysts’ expectations of $1.93 billion. During the same quarter in the prior year, the business posted $3.91 earnings per share. Alliance Data’s revenue was up .3% compared to the same quarter last year. analysts anticipate that Alliance Data will post 21.18 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 19th. Investors 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 annualized dividend and a yield of 1.09%. Alliance Data’s dividend payout ratio is 12.47%.
A number of brokerages have recently issued reports on ADS. Oppenheimer boosted their target price on shares of Alliance Data from $219.00 to $227.00 and gave the company an “underperform” rating in a research report on Friday, January 26th. Cowen cut shares of Alliance Data from an “outperform” rating to a “market perform” rating in a research report on Monday, January 29th. Piper Jaffray reissued a “buy” rating and issued a $313.00 target price on shares of Alliance Data in a research report on Friday, April 6th. Stephens set a $304.00 target price on shares of Alliance Data and gave the company a “buy” rating in a research report on Tuesday, January 2nd. Finally, Barclays reduced their target price on shares of Alliance Data from $310.00 to $298.00 and set an “overweight” rating for the company in a research report on Friday, January 26th. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and twelve have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $262.37.
In related news, insider Edward J. Heffernan sold 21,000 shares of the company’s stock in a transaction dated 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 sale, the insider now owns 264,668 shares of the company’s stock, valued at $64,798,666.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Melisa A. Miller sold 12,246 shares of the company’s stock in a transaction dated 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 sale, the executive vice president now directly owns 42,654 shares of the company’s stock, valued at approximately $10,454,068.86. The disclosure for this sale can be found here. Corporate insiders own 2.60% of the company’s stock.
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Alliance Data Profile
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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