State of Alaska Department of Revenue boosted its holdings in Alliance Data Systems Co. (NYSE:ADS) by 10.8% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 11,072 shares of the business services provider’s stock after buying an additional 1,080 shares during the quarter. State of Alaska Department of Revenue’s holdings in Alliance Data Systems were worth $1,550,000 at the end of the most recent reporting period.
Other large investors have also added to or reduced their stakes in the company. Financial Advisors Network Inc. boosted its stake in Alliance Data Systems by 43.2% in the first quarter. Financial Advisors Network Inc. now owns 6,552 shares of the business services provider’s stock valued at $901,000 after buying an additional 1,977 shares in the last quarter. Nicollet Investment Management Inc. acquired a new stake in shares of Alliance Data Systems during the first quarter valued at about $436,000. CIBC World Markets Inc. boosted its stake in shares of Alliance Data Systems by 11.0% during the first quarter. CIBC World Markets Inc. now owns 1,717 shares of the business services provider’s stock valued at $300,000 after purchasing an additional 170 shares in the last quarter. Emory University boosted its stake in shares of Alliance Data Systems by 17.2% during the first quarter. Emory University now owns 11,142 shares of the business services provider’s stock valued at $1,950,000 after purchasing an additional 1,633 shares in the last quarter. Finally, Candriam Luxembourg S.C.A. boosted its stake in shares of Alliance Data Systems by 27.8% during the first quarter. Candriam Luxembourg S.C.A. now owns 28,784 shares of the business services provider’s stock valued at $5,037,000 after purchasing an additional 6,258 shares in the last quarter. 92.21% of the stock is currently owned by institutional investors and hedge funds.
ADS has been the topic of a number of recent research reports. Robert W. Baird set a $173.00 price target on Alliance Data Systems and gave the company a “hold” rating in a research note on Friday, July 19th. SunTrust Banks reissued a “buy” rating and set a $180.00 price target on shares of Alliance Data Systems in a research note on Friday, June 14th. BMO Capital Markets lowered their price objective on Alliance Data Systems from $183.00 to $173.00 and set a “market perform” rating for the company in a research report on Friday, April 26th. They noted that the move was a valuation call. William Blair restated a “buy” rating on shares of Alliance Data Systems in a research report on Monday, July 15th. Finally, Zacks Investment Research downgraded Alliance Data Systems from a “hold” rating to a “sell” rating in a research report on Monday, April 29th. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and eight have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $215.23.
In other Alliance Data Systems news, CFO Timothy P. King sold 2,600 shares of Alliance Data Systems stock in a transaction that occurred on Tuesday, July 30th. The stock was sold at an average price of $156.30, for a total value of $406,380.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 2.80% of the company’s stock.
ADS stock traded down $4.22 during mid-day trading on Monday, reaching $151.54. The company’s stock had a trading volume of 11,599 shares, compared to its average volume of 809,132. The company has a market capitalization of $7.98 billion, a P/E ratio of 7.02, a price-to-earnings-growth ratio of 0.57 and a beta of 1.63. The business’s 50 day moving average price is $147.04. The company has a debt-to-equity ratio of 5.38, a quick ratio of 2.53 and a current ratio of 1.72. Alliance Data Systems Co. has a 12 month low of $133.56 and a 12 month high of $250.27.
Alliance Data Systems (NYSE:ADS) last issued its earnings results on Thursday, July 18th. The business services provider reported $3.66 earnings per share for the quarter, missing the Zacks’ consensus estimate of $4.08 by ($0.42). The business had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.36 billion. Alliance Data Systems had a return on equity of 46.72% and a net margin of 13.01%. The company’s revenue for the quarter was down 3.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $5.01 earnings per share. Research analysts anticipate that Alliance Data Systems Co. will post 18.92 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 26th. Shareholders of record on Wednesday, September 4th will be issued a $0.63 dividend. The ex-dividend date is Tuesday, September 3rd. This represents a $2.52 dividend on an annualized basis and a yield of 1.66%. Alliance Data Systems’s payout ratio is currently 11.69%.
Alliance Data Systems announced that its board has approved a stock buyback plan on Tuesday, July 9th that permits the company to buyback $1.10 billion in shares. This buyback authorization permits the business services provider to buy up to 14.2% of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s leadership believes its stock is undervalued.
About Alliance Data Systems
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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