AMP Capital Investors Ltd trimmed its holdings in shares of Alliance Data Systems Co. (NYSE:ADS) by 13.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 35,276 shares of the business services provider’s stock after selling 5,480 shares during the quarter. AMP Capital Investors Ltd owned approximately 0.06% of Alliance Data Systems worth $7,815,000 as of its most recent SEC filing.
Other hedge funds have also made changes to their positions in the company. TimesSquare Capital Management LLC increased its position in shares of 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 worth $173,751,000 after purchasing an additional 18,922 shares in the last quarter. Artemis Investment Management LLP increased its position in shares of 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 worth $6,770,000 after purchasing an additional 16,396 shares in the last quarter. Prudential Financial Inc. grew its holdings in Alliance Data Systems by 1.1% in the 2nd quarter. Prudential Financial Inc. now owns 81,417 shares of the business services provider’s stock valued at $20,899,000 after buying an additional 875 shares in the last quarter. Cryder Capital Partners LLP grew its holdings in Alliance Data Systems by 6.9% in the 3rd quarter. Cryder Capital Partners LLP now owns 140,071 shares of the business services provider’s stock valued at $31,033,000 after buying an additional 9,063 shares in the last quarter. Finally, Delta Lloyd Asset Management N.V. purchased a new stake in Alliance Data Systems in the 2nd quarter valued at $1,150,000. 95.35% of the stock is owned by institutional investors and hedge funds.
ADS has been the subject of several analyst reports. Credit Suisse Group restated an “underperform” rating on shares of Alliance Data Systems in a report on Tuesday, September 5th. Oppenheimer set a $191.00 target price on Alliance Data Systems and gave the company a “sell” rating in a report on Thursday, August 24th. Keefe, Bruyette & Woods restated a “buy” rating and issued a $300.00 target price on shares of Alliance Data Systems in a report on Friday, October 6th. SunTrust Banks restated a “buy” rating and issued a $310.00 target price on shares of Alliance Data Systems in a report on Friday, October 20th. Finally, BMO Capital Markets reiterated a “hold” rating and set a $235.00 price target on shares of Alliance Data Systems in a report on Wednesday, November 22nd. Four equities research analysts have rated the stock with a sell rating, eight have given a hold rating and nine have given a buy rating to the company’s stock. Alliance Data Systems has an average rating of “Hold” and a consensus price target of $258.50.
Shares of Alliance Data Systems Co. (NYSE:ADS) opened at $238.34 on Wednesday. The company has a debt-to-equity ratio of 9.53, a current ratio of 2.11 and a quick ratio of 2.09. The stock has a market capitalization of $12,943.66, a PE ratio of 13.92, a price-to-earnings-growth ratio of 1.01 and a beta of 1.79. Alliance Data Systems Co. 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 results on Thursday, October 19th. The business services provider reported $5.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.80 by $0.55. The company had revenue of $1.91 billion for the quarter, compared to analyst estimates of $1.97 billion. Alliance Data Systems had a return on equity of 62.95% and a net margin of 7.09%. Alliance Data Systems’s revenue for the quarter was up 1.4% compared to the same quarter last year. During the same quarter last year, the company earned $4.74 EPS. equities research analysts expect that Alliance Data Systems Co. will post 17.12 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 19th. Stockholders of record on Tuesday, November 14th will be given a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a dividend yield of 0.87%. The ex-dividend date is Monday, November 13th. Alliance Data Systems’s dividend payout ratio (DPR) is presently 22.06%.
In other news, CFO Charles L. Horn sold 2,128 shares of the firm’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 sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 2.60% of the stock is currently owned by company 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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