Viking Global Investors LP acquired a new stake in Alliance Data Systems Co. (NYSE:ADS) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 14,286 shares of the business services provider’s stock, valued at approximately $3,621,000.
Other large investors have also made changes to their positions in the company. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Alliance Data Systems by 516.3% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 493 shares of the business services provider’s stock valued at $125,000 after purchasing an additional 413 shares during the period. Tower Research Capital LLC TRC acquired a new position in shares of Alliance Data Systems in the 4th quarter valued at about $152,000. FNY Managed Accounts LLC acquired a new position in shares of Alliance Data Systems in the 4th quarter valued at about $190,000. Cubic Asset Management LLC acquired a new position in shares of Alliance Data Systems in the 4th quarter valued at about $208,000. Finally, Groesbeck Investment Management Corp NJ acquired a new position in shares of Alliance Data Systems in the 4th quarter valued at about $208,000. 94.61% of the stock is currently owned by institutional investors.
A number of brokerages have recently issued reports on ADS. Zacks Investment Research raised Alliance Data Systems from a “hold” rating to a “buy” rating and set a $310.00 price objective on the stock in a research note on Tuesday, January 16th. Barclays reissued an “equal weight” rating and issued a $298.00 price objective (up from $278.00) on shares of Alliance Data Systems in a research note on Monday, January 8th. Royal Bank of Canada reissued a “buy” rating and issued a $293.00 price objective on shares of Alliance Data Systems in a research note on Thursday, January 4th. Robert W. Baird reissued a “hold” rating and issued a $270.00 price objective on shares of Alliance Data Systems in a research note on Tuesday, January 9th. Finally, JMP Securities upped their price target on Alliance Data Systems from $285.00 to $310.00 and gave the stock a “market outperform” rating in a research note on Friday, January 26th. Four investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and twelve have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $276.44.
Shares of Alliance Data Systems Co. (NYSE:ADS) remained flat at $$239.19 during trading on Monday. The company had a trading volume of 42,210 shares, compared to its average volume of 650,866. The stock has a market capitalization of $13,265.79, a PE ratio of 16.93, a P/E/G ratio of 0.86 and a beta of 1.69. Alliance Data Systems Co. has a one year low of $209.00 and a one year high of $278.33. The company has a quick ratio of 2.41, a current ratio of 2.43 and a debt-to-equity ratio of 9.69.
Alliance Data Systems (NYSE:ADS) last issued its quarterly earnings data on Thursday, January 25th. The business services provider reported $6.10 EPS for the quarter, topping the consensus estimate of $4.72 by $1.38. The firm had revenue of $2.11 billion during the quarter, compared to the consensus estimate of $2.15 billion. Alliance Data Systems had a return on equity of 66.17% and a net margin of 10.22%. The company’s quarterly revenue was up 15.2% compared to the same quarter last year. During the same period in the prior year, the business posted $4.67 earnings per share. equities analysts forecast that Alliance Data Systems Co. will post 21.49 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 20th. Stockholders of record on Wednesday, February 14th will be paid a $0.57 dividend. The ex-dividend date is Tuesday, February 13th. This is an increase from Alliance Data Systems’s previous quarterly dividend of $0.52. This represents a $2.28 annualized dividend and a dividend yield of 0.95%. Alliance Data Systems’s dividend payout ratio is 16.14%.
In other news, EVP Melisa A. Miller sold 12,246 shares of the stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $245.09, for a total value of $3,001,372.14. Following the completion of the sale, the executive vice president now directly owns 42,654 shares of the company’s stock, valued at $10,454,068.86. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Edward J. Heffernan sold 21,000 shares of the stock in a transaction that occurred on Friday, February 16th. The stock was 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 directly owns 264,668 shares of the company’s stock, valued at $64,798,666.44. The disclosure for this sale can be found here. Corporate insiders own 2.60% of the company’s stock.
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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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