Victory Capital Management Inc. increased its stake in Alliance Data Systems Corporation (NYSE:ADS) by 13.0% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,263 shares of the business services provider’s stock after buying an additional 835 shares during the period. Victory Capital Management Inc.’s holdings in Alliance Data Systems were worth $1,609,000 at the end of the most recent reporting period.
Other large investors also recently modified their holdings of the company. TimesSquare Capital Management LLC increased its stake in Alliance Data Systems by 2.9% during the second quarter. TimesSquare Capital Management LLC now owns 676,889 shares of the business services provider’s stock valued at $173,751,000 after purchasing an additional 18,922 shares during the last quarter. Artemis Investment Management LLP increased its stake in Alliance Data Systems by 164.5% during the second quarter. Artemis Investment Management LLP now owns 26,365 shares of the business services provider’s stock valued at $6,770,000 after purchasing an additional 16,396 shares during the last quarter. Prudential Financial Inc. increased its stake in Alliance Data Systems by 1.1% during the second quarter. Prudential Financial Inc. now owns 81,417 shares of the business services provider’s stock valued at $20,899,000 after purchasing an additional 875 shares during the last quarter. Cryder Capital Partners LLP increased its stake in Alliance Data Systems by 6.9% during the third quarter. Cryder Capital Partners LLP now owns 140,071 shares of the business services provider’s stock valued at $31,033,000 after purchasing an additional 9,063 shares during the last quarter. Finally, Delta Lloyd Asset Management N.V. bought a new stake in Alliance Data Systems during the second quarter valued at $1,150,000. Institutional investors and hedge funds own 95.22% of the company’s stock.
Alliance Data Systems Corporation (NYSE:ADS) traded down $2.64 during midday trading on Wednesday, reaching $229.86. The company’s stock had a trading volume of 275,709 shares, compared to its average volume of 589,719. The company has a current ratio of 2.11, a quick ratio of 2.09 and a debt-to-equity ratio of 9.53. The firm has a market cap of $13,158.58, a P/E ratio of 14.15, a PEG ratio of 1.03 and a beta of 1.79. Alliance Data Systems Corporation has a 12-month low of $209.00 and a 12-month high of $266.25.
Alliance Data Systems (NYSE:ADS) last posted its quarterly earnings data on Thursday, October 19th. The business services provider reported $5.35 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $4.80 by $0.55. The firm had revenue of $1.91 billion for the quarter, compared to the consensus estimate of $1.97 billion. Alliance Data Systems had a return on equity of 62.95% and a net margin of 7.09%. The business’s revenue for the quarter was up 1.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $4.74 EPS. research analysts forecast that Alliance Data Systems Corporation will post 17.12 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 19th. Shareholders of record on Tuesday, November 14th will be issued a dividend of $0.52 per share. The ex-dividend date is Monday, November 13th. This represents a $2.08 annualized dividend and a yield of 0.90%. Alliance Data Systems’s payout ratio is presently 22.06%.
Several analysts have weighed in on the stock. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $300.00 target price on shares of Alliance Data Systems in a research note on Friday, October 6th. KeyCorp reiterated a “hold” rating on shares of Alliance Data Systems in a research note on Friday, August 25th. BMO Capital Markets reissued a “hold” rating and set a $235.00 price target on shares of Alliance Data Systems in a report on Wednesday, November 22nd. Oppenheimer set a $191.00 price target on shares of Alliance Data Systems and gave the company a “sell” rating in a report on Thursday, August 24th. Finally, SunTrust Banks reissued a “buy” rating and set a $310.00 price target on shares of Alliance Data Systems in a report on Friday, October 20th. Four investment analysts have rated the stock with a sell rating, nine have issued a hold rating and nine have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $258.27.
In other Alliance Data Systems news, CFO Charles L. Horn sold 2,128 shares of the business’s stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $235.00, for a total transaction of $500,080.00. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 2.60% of the stock is currently owned by insiders.
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Alliance Data Systems Profile
Alliance Data Systems Corporation is a provider of data-driven marketing and loyalty solutions serving consumer-based businesses in a range of industries. 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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