United Capital Financial Advisers LLC acquired a new stake in Alliance Data Systems Co. (NYSE:ADS) in the first quarter, HoldingsChannel reports. The institutional investor acquired 1,227 shares of the business services provider’s stock, valued at approximately $261,000.
A number of other large investors have also made changes to their positions in the business. BlackRock Inc. grew its stake in Alliance Data Systems by 1.8% in the 1st quarter. BlackRock Inc. now owns 3,115,441 shares of the business services provider’s stock valued at $663,153,000 after purchasing an additional 55,274 shares during the period. Boston Partners grew its stake in Alliance Data Systems by 92.5% in the 1st quarter. Boston Partners now owns 974,709 shares of the business services provider’s stock valued at $207,477,000 after purchasing an additional 468,310 shares during the period. JPMorgan Chase & Co. grew its stake in Alliance Data Systems by 188.6% in the 1st quarter. JPMorgan Chase & Co. now owns 969,957 shares of the business services provider’s stock valued at $206,465,000 after purchasing an additional 633,865 shares during the period. Geode Capital Management LLC grew its stake in Alliance Data Systems by 2.0% in the 4th quarter. Geode Capital Management LLC now owns 551,399 shares of the business services provider’s stock valued at $139,501,000 after purchasing an additional 10,589 shares during the period. Finally, Caisse DE Depot ET Placement DU Quebec grew its stake in Alliance Data Systems by 73.4% in the 4th quarter. Caisse DE Depot ET Placement DU Quebec now owns 528,111 shares of the business services provider’s stock valued at $133,866,000 after purchasing an additional 223,600 shares during the period. Hedge funds and other institutional investors own 93.86% of the company’s stock.
A number of research analysts have issued reports on ADS shares. ValuEngine upgraded Alliance Data Systems from a “strong sell” rating to a “sell” rating in a research note on Wednesday, May 23rd. Credit Suisse Group reduced their price objective on Alliance Data Systems from $218.00 to $206.00 and set an “underperform” rating for the company in a research note on Friday, April 13th. Piper Jaffray Companies restated a “buy” rating and issued a $313.00 price objective on shares of Alliance Data Systems in a research note on Friday, April 6th. Robert W. Baird reduced their price objective on Alliance Data Systems from $250.00 to $242.00 and set a “neutral” rating for the company in a research note on Tuesday, April 17th. Finally, Oppenheimer upgraded Alliance Data Systems from an “underperform” rating to a “market perform” rating and set a $227.00 price objective for the company in a research note on Friday, April 20th. Three analysts have rated the stock with a sell rating, eight have given a hold rating and twelve have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $266.22.
Alliance Data Systems opened at $233.20 on Friday, Marketbeat Ratings reports. The company has a quick ratio of 2.11, a current ratio of 2.14 and a debt-to-equity ratio of 7.86. The firm has a market cap of $13.05 billion, a PE ratio of 12.44, a PEG ratio of 0.64 and a beta of 1.76. Alliance Data Systems Co. has a fifty-two week low of $192.02 and a fifty-two week high of $278.33.
Alliance Data Systems (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, topping analysts’ consensus estimates of $3.98 by $0.46. The business had revenue of $1.88 billion for the quarter, compared to analysts’ expectations of $1.93 billion. Alliance Data Systems had a return on equity of 61.30% and a net margin of 10.44%. The firm’s quarterly revenue was up .3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $3.91 EPS. equities analysts forecast that Alliance Data Systems Co. will post 21.34 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 19th. Investors of record on Monday, May 14th were issued a dividend of $0.57 per share. The ex-dividend date was Friday, May 11th. This represents a $2.28 dividend on an annualized basis and a yield of 0.98%. Alliance Data Systems’s dividend payout ratio (DPR) is 12.47%.
In related news, insider Valueact Capital Master Fund, acquired 2,646 shares of the company’s stock in a transaction that occurred on Tuesday, May 15th. The shares were acquired at an average price of $205.00 per share, with a total value of $542,430.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Holdings L.P. Valueact acquired 125,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 8th. The shares were bought at an average cost of $201.27 per share, for a total transaction of $25,158,750.00. The disclosure for this purchase can be found here. Insiders have purchased a total of 330,246 shares of company stock worth $66,585,860 in the last three months. 2.60% of the stock is currently owned by insiders.
Alliance Data Systems Company 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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