Riverhead Capital Management LLC lifted its holdings in shares of Alliance Data Systems Co. (NYSE:ADS) by 41.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 16,584 shares of the business services provider’s stock after purchasing an additional 4,850 shares during the quarter. Riverhead Capital Management LLC’s holdings in Alliance Data Systems were worth $3,917,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in ADS. Pittenger & Anderson Inc. purchased a new position in shares of Alliance Data Systems during the 2nd quarter worth $117,000. Piedmont Investment Advisors LLC purchased a new position in shares of Alliance Data Systems during the 2nd quarter worth $127,000. Patriot Financial Group Insurance Agency LLC purchased a new position in shares of Alliance Data Systems during the 3rd quarter worth $190,000. Migdal Insurance & Financial Holdings Ltd. grew its holdings in shares of Alliance Data Systems by 212.3% during the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 837 shares of the business services provider’s stock worth $198,000 after purchasing an additional 569 shares during the period. Finally, Harvest Fund Management Co. Ltd purchased a new position in shares of Alliance Data Systems during the 3rd quarter worth $207,000. Institutional investors and hedge funds own 91.70% of the company’s stock.
ADS stock opened at $186.41 on Friday. The company has a current ratio of 2.41, a quick ratio of 2.38 and a debt-to-equity ratio of 7.32. The stock has a market capitalization of $10.29 billion, a price-to-earnings ratio of 10.20, a P/E/G ratio of 0.72 and a beta of 1.70. Alliance Data Systems Co. has a 1 year low of $181.80 and a 1 year high of $278.33.
Alliance Data Systems (NYSE:ADS) last posted its quarterly earnings results on Thursday, October 18th. The business services provider reported $6.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.19 by $0.07. The company had revenue of $2.02 billion for the quarter, compared to analyst estimates of $2.03 billion. Alliance Data Systems had a return on equity of 56.33% and a net margin of 12.11%. Alliance Data Systems’s revenue for the quarter was up 5.4% compared to the same quarter last year. During the same quarter last year, the company earned $5.35 EPS. Equities analysts forecast that Alliance Data Systems Co. will post 21.53 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 19th. Shareholders of record on Wednesday, November 14th will be given a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a yield of 1.22%. The ex-dividend date is Tuesday, November 13th. Alliance Data Systems’s dividend payout ratio is currently 12.47%.
In other news, Director Holdings L.P. Valueact sold 125,000 shares of the firm’s stock in a transaction dated Wednesday, November 28th. The stock was sold at an average price of $199.10, for a total transaction of $24,887,500.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Valueact Capital Master Fund, sold 200,000 shares of the firm’s stock in a transaction dated Thursday, November 29th. The stock was sold at an average price of $198.60, for a total value of $39,720,000.00. The disclosure for this sale can be found here. Insiders sold a total of 1,000,000 shares of company stock worth $199,607,500 in the last ninety days. 2.60% of the stock is owned by corporate insiders.
A number of research firms have recently weighed in on ADS. Wells Fargo & Co lowered their price target on Alliance Data Systems from $295.00 to $275.00 and set an “outperform” rating for the company in a report on Friday, October 19th. Barclays initiated coverage on Alliance Data Systems in a research note on Wednesday, November 14th. They set an “overweight” rating and a $254.00 target price on the stock. SunTrust Banks decreased their target price on Alliance Data Systems to $250.00 and set a “buy” rating on the stock in a research note on Monday, November 19th. Bank of America initiated coverage on Alliance Data Systems in a research note on Monday, September 17th. They set a “buy” rating and a $290.00 target price on the stock. Finally, TheStreet lowered Alliance Data Systems from a “b-” rating to a “c+” rating in a research note on Monday, November 26th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and thirteen have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $254.25.
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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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