Teacher Retirement System of Texas cut its position in Alliance Data Systems Co. (NYSE:ADS) by 88.9% during the fourth quarter, Holdings Channel reports. The fund owned 13,365 shares of the business services provider’s stock after selling 106,522 shares during the period. Teacher Retirement System of Texas’ holdings in Alliance Data Systems were worth $3,388,000 at the end of the most recent reporting period.
Several other large investors have also recently modified their holdings of ADS. Northwestern Mutual Wealth Management Co. lifted its position in Alliance Data Systems by 516.3% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 493 shares of the business services provider’s stock worth $125,000 after buying an additional 413 shares in the last quarter. FNY Managed Accounts LLC purchased a new position in Alliance Data Systems during the fourth quarter worth approximately $190,000. Cubic Asset Management LLC purchased a new position in Alliance Data Systems during the fourth quarter worth approximately $208,000. Commerzbank Aktiengesellschaft FI purchased a new position in Alliance Data Systems during the fourth quarter worth approximately $265,000. Finally, CAPROCK Group Inc. purchased a new position in Alliance Data Systems during the fourth quarter worth approximately $268,000. 94.00% of the stock is currently owned by hedge funds and other institutional investors.
In other Alliance Data Systems news, CFO Charles L. Horn sold 2,128 shares of Alliance Data Systems stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $235.00, for a total value of $500,080.00. The transaction was disclosed in a filing with the SEC, which is available at this link. 2.60% of the stock is owned by insiders.
Shares of Alliance Data Systems Co. (ADS) opened at $244.68 on Monday. Alliance Data Systems Co. has a 1 year low of $209.00 and a 1 year high of $278.33. The company has a quick ratio of 2.09, a current ratio of 1.91 and a debt-to-equity ratio of 8.02. The company has a market capitalization of $13,518.25, a price-to-earnings ratio of 17.32, a price-to-earnings-growth ratio of 0.88 and a beta of 1.71.
Alliance Data Systems (NYSE:ADS) last posted its earnings results on Thursday, January 25th. The business services provider reported $6.10 EPS for the quarter, beating the Zacks’ consensus estimate of $4.72 by $1.38. Alliance Data Systems had a return on equity of 66.17% and a net margin of 10.22%. The company had revenue of $2.11 billion for the quarter, compared to the consensus estimate of $2.15 billion. During the same quarter in the previous year, the business earned $4.67 earnings per share. The company’s revenue for the quarter was up 15.2% on a year-over-year basis. equities research analysts expect that Alliance Data Systems Co. will post 21.49 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 20th. Shareholders of record on Wednesday, February 14th will be given a $0.57 dividend. The ex-dividend date is Tuesday, February 13th. This represents a $2.28 dividend on an annualized basis and a yield of 0.93%. This is an increase from Alliance Data Systems’s previous quarterly dividend of $0.52. Alliance Data Systems’s payout ratio is currently 16.14%.
A number of equities analysts recently commented on ADS shares. Zacks Investment Research upgraded Alliance Data Systems from a “hold” rating to a “buy” rating and set a $296.00 price objective on the stock in a research report on Friday, January 5th. Barclays reiterated an “equal weight” rating and set a $298.00 price objective (up previously from $278.00) on shares of Alliance Data Systems in a research report on Monday, January 8th. Royal Bank of Canada reiterated a “buy” rating and set a $293.00 price objective on shares of Alliance Data Systems in a research report on Thursday, January 4th. Oppenheimer set a $208.00 price objective on Alliance Data Systems and gave the stock a “sell” rating in a research report on Thursday, October 26th. Finally, BMO Capital Markets reiterated a “hold” rating and set a $235.00 price objective on shares of Alliance Data Systems in a research report on Wednesday, November 22nd. Four investment analysts have rated the stock with a sell rating, six have issued a hold rating and thirteen have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $276.44.
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Alliance Data Systems Company 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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