swisspartners Ltd. lowered its position in shares of Alliance Data Systems Co. (NYSE:ADS) by 29.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 23,850 shares of the business services provider’s stock after selling 10,000 shares during the quarter. Alliance Data Systems comprises approximately 2.2% of swisspartners Ltd.’s portfolio, making the stock its 12th biggest position. swisspartners Ltd.’s holdings in Alliance Data Systems were worth $2,678,000 at the end of the most recent quarter.
Several other hedge funds have also made changes to their positions in ADS. BlackRock Inc. grew its stake in shares of Alliance Data Systems by 25.2% in the 1st quarter. BlackRock Inc. now owns 5,227,577 shares of the business services provider’s stock worth $585,959,000 after buying an additional 1,050,953 shares during the last quarter. Lyrical Asset Management LP increased its holdings in shares of Alliance Data Systems by 4.0% during the fourth quarter. Lyrical Asset Management LP now owns 1,854,650 shares of the business services provider’s stock valued at $137,430,000 after acquiring an additional 71,273 shares in the last quarter. Artemis Investment Management LLP raised its position in shares of Alliance Data Systems by 141.7% in the 1st quarter. Artemis Investment Management LLP now owns 1,018,559 shares of the business services provider’s stock worth $114,228,000 after purchasing an additional 597,074 shares during the last quarter. Lord Abbett & CO. LLC bought a new position in Alliance Data Systems in the 1st quarter worth about $75,365,000. Finally, Norges Bank purchased a new position in Alliance Data Systems in the 4th quarter worth approximately $46,685,000. Hedge funds and other institutional investors own 93.45% of the company’s stock.
A number of analysts have commented on ADS shares. Bank of America lowered Alliance Data Systems from a “buy” rating to a “neutral” rating and set a $130.00 target price for the company. in a report on Friday, June 4th. Stephens upped their target price on shares of Alliance Data Systems from $124.00 to $133.00 and gave the company an “equal weight” rating in a research note on Wednesday, May 19th. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell lowered shares of Alliance Data Systems from a “buy” rating to a “neutral” rating and set a $130.00 price target for the company. in a research note on Friday, June 4th. Zacks Investment Research upgraded shares of Alliance Data Systems from a “sell” rating to a “hold” rating and set a $121.00 price target on the stock in a research note on Tuesday, March 16th. Finally, Truist Securities upped their price objective on Alliance Data Systems from $95.00 to $150.00 and gave the stock a “buy” rating in a research note on Thursday, May 20th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and eight have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $153.00.
Alliance Data Systems (NYSE:ADS) last posted its earnings results on Wednesday, April 28th. The business services provider reported $6.28 EPS for the quarter, beating the Zacks’ consensus estimate of $3.18 by $3.10. The company had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.08 billion. Alliance Data Systems had a net margin of 11.12% and a return on equity of 49.06%. Alliance Data Systems’s revenue for the quarter was down 21.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.75 earnings per share. As a group, sell-side analysts expect that Alliance Data Systems Co. will post 14.78 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 18th. Stockholders of record on Friday, May 14th will be issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.76%. The ex-dividend date is Thursday, May 13th. Alliance Data Systems’s dividend payout ratio (DPR) is presently 9.27%.
About Alliance Data Systems
Alliance Data Systems Corporation provides data-driven marketing, loyalty, and payment solutions in the United States, Canada, Europe, the Middle East, Africa, the Asia Pacific, and internationally. It operates through two segments, LoyaltyOne and Card Services. The LoyaltyOne segment offers AIR MILES reward program; short term loyalty program; and loyalty services, which include loyalty consulting, customer analytics, creative services, and mobile solutions.
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