UBS Asset Management Americas Inc. increased its stake in Alliance Data Systems Co. (NYSE:ADS) by 5.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 215,659 shares of the business services provider’s stock after buying an additional 10,923 shares during the period. UBS Asset Management Americas Inc.’s holdings in Alliance Data Systems were worth $54,665,000 at the end of the most recent reporting period.
Several other large investors also recently modified their holdings of ADS. Macquarie Group Ltd. increased its stake in shares of Alliance Data Systems by 1,310.0% in the second quarter. Macquarie Group Ltd. now owns 1,410 shares of the business services provider’s stock worth $362,000 after buying an additional 1,310 shares during the last quarter. Raymond James Financial Services Advisors Inc. increased its stake in shares of Alliance Data Systems by 34.1% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 2,122 shares of the business services provider’s stock worth $545,000 after buying an additional 540 shares during the last quarter. Robeco Institutional Asset Management B.V. increased its stake in shares of Alliance Data Systems by 68.2% in the third quarter. Robeco Institutional Asset Management B.V. now owns 39,928 shares of the business services provider’s stock worth $8,845,000 after buying an additional 16,190 shares during the last quarter. Oakbrook Investments LLC bought a new stake in shares of Alliance Data Systems in the third quarter worth $554,000. Finally, APG Asset Management N.V. increased its stake in shares of Alliance Data Systems by 5.7% in the third quarter. APG Asset Management N.V. now owns 33,249 shares of the business services provider’s stock worth $7,366,000 after buying an additional 1,800 shares during the last quarter. Institutional investors and hedge funds own 94.00% of the company’s stock.
A number of equities analysts have commented on ADS shares. Zacks Investment Research raised shares of Alliance Data Systems from a “hold” rating to a “buy” rating and set a $310.00 price objective for the company in a report on Tuesday, January 16th. Credit Suisse Group reaffirmed an “underperform” rating and issued a $218.00 price objective (up previously from $193.00) on shares of Alliance Data Systems in a report on Wednesday, January 17th. Cowen downgraded shares of Alliance Data Systems from an “outperform” rating to a “market perform” rating in a report on Monday, January 29th. Stephens set a $304.00 price objective on shares of Alliance Data Systems and gave the stock a “buy” rating in a report on Tuesday, January 2nd. Finally, Piper Jaffray Companies reaffirmed a “buy” rating and issued a $368.00 price objective on shares of Alliance Data Systems in a report on Thursday, January 18th. Four research analysts have rated the stock with a sell rating, six have given a hold rating and thirteen have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $276.44.
In related news, insider Edward J. Heffernan sold 21,000 shares of the company’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $244.83, for a total value of $5,141,430.00. Following the completion of the sale, the insider now owns 264,668 shares of the company’s stock, valued at $64,798,666.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Charles L. Horn sold 2,128 shares of the company’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 disclosure for this sale can be found here. Insiders own 2.60% of the company’s stock.
Alliance Data Systems Co. (NYSE:ADS) opened at $242.09 on Friday. Alliance Data Systems Co. has a 1-year low of $209.00 and a 1-year high of $278.33. The stock has a market cap of $13,375.23, a price-to-earnings ratio of 13.10, a PEG ratio of 0.87 and a beta of 1.71. The company has a current ratio of 1.91, a quick ratio of 2.09 and a debt-to-equity ratio of 8.02.
Alliance Data Systems (NYSE:ADS) last announced its quarterly earnings results on Thursday, January 25th. The business services provider reported $6.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.72 by $1.38. Alliance Data Systems had a net margin of 10.22% and a return on equity of 66.17%. The company had revenue of $2.11 billion during the quarter, compared to the consensus estimate of $2.15 billion. During the same quarter in the previous year, the company posted $4.67 earnings per share. The company’s revenue for the quarter was up 15.2% compared to the same quarter last year. sell-side analysts expect that Alliance Data Systems Co. will post 21.49 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 20th. Stockholders of record on Wednesday, February 14th will be issued a dividend of $0.57 per share. This is an increase from Alliance Data Systems’s previous quarterly dividend of $0.52. The ex-dividend date of this dividend is Tuesday, February 13th. This represents a $2.28 annualized dividend and a dividend yield of 0.94%. Alliance Data Systems’s payout ratio is 16.14%.
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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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