Point72 Asset Management L.P. Invests $19.62 Million in Alliance Data Systems Co. (ADS)

Point72 Asset Management L.P. purchased a new position in Alliance Data Systems Co. (NYSE:ADS) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 88,572 shares of the business services provider’s stock, valued at approximately $19,623,000. Point72 Asset Management L.P. owned 0.16% of Alliance Data Systems at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Fiduciary Trust Co. bought a new stake in Alliance Data Systems during the 2nd quarter valued at $108,000. ETF Managers Group LLC bought a new stake in Alliance Data Systems during the 2nd quarter valued at $128,000. Acadian Asset Management LLC grew its position in shares of Alliance Data Systems by 11,600.0% during the 2nd quarter. Acadian Asset Management LLC now owns 585 shares of the business services provider’s stock valued at $150,000 after purchasing an additional 580 shares in the last quarter. Paradigm Asset Management Co. LLC grew its position in shares of Alliance Data Systems by 8.3% during the 2nd quarter. Paradigm Asset Management Co. LLC now owns 650 shares of the business services provider’s stock valued at $167,000 after purchasing an additional 50 shares in the last quarter. Finally, WFG Advisors LP grew its position in shares of Alliance Data Systems by 135.9% during the 2nd quarter. WFG Advisors LP now owns 677 shares of the business services provider’s stock valued at $174,000 after purchasing an additional 390 shares in the last quarter. 95.35% of the stock is currently owned by institutional investors.

In other Alliance Data Systems news, CFO Charles L. Horn sold 2,128 shares of the firm’s stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $235.00, for a total transaction of $500,080.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 2.60% of the stock is owned by corporate insiders.

A number of research firms have recently commented on ADS. BMO Capital Markets restated a “hold” rating and set a $235.00 price target on shares of Alliance Data Systems in a research report on Wednesday, November 22nd. Oppenheimer set a $208.00 price target on shares of Alliance Data Systems and gave the company a “sell” rating in a research report on Thursday, October 26th. ValuEngine upgraded shares of Alliance Data Systems from a “hold” rating to a “buy” rating in a research report on Saturday, October 21st. SunTrust Banks restated a “buy” rating and set a $310.00 price target on shares of Alliance Data Systems in a research report on Friday, October 20th. Finally, Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $300.00 target price on shares of Alliance Data Systems in a research report on Friday, October 6th. Four analysts have rated the stock with a sell rating, eight have assigned a hold rating and nine have given a buy rating to the company’s stock. Alliance Data Systems currently has an average rating of “Hold” and a consensus target price of $258.50.

Alliance Data Systems Co. (NYSE:ADS) opened at $236.29 on Friday. Alliance Data Systems Co. has a one year low of $209.00 and a one year high of $266.25. The stock has a market cap of $12,930.95, a PE ratio of 13.91, a P/E/G ratio of 1.01 and a beta of 1.79. The company has a quick ratio of 2.09, a current ratio of 2.11 and a debt-to-equity ratio of 9.53.

Alliance Data Systems (NYSE:ADS) last released its quarterly earnings results on Thursday, October 19th. The business services provider reported $5.35 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $4.80 by $0.55. Alliance Data Systems had a net margin of 7.09% and a return on equity of 62.95%. The company had revenue of $1.91 billion during the quarter, compared to the consensus estimate of $1.97 billion. During the same period in the prior year, the firm earned $4.74 earnings per share. Alliance Data Systems’s revenue was up 1.4% on a year-over-year basis. analysts anticipate that Alliance Data Systems Co. will post 17.12 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 19th. Investors of record on Tuesday, November 14th will be paid a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a yield of 0.88%. The ex-dividend date is Monday, November 13th. Alliance Data Systems’s payout ratio is currently 22.06%.

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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.

Institutional Ownership by Quarter for Alliance Data Systems (NYSE:ADS)

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