Guggenheim Capital LLC decreased its position in Alliance Data Systems Co. (NYSE:ADS) by 3.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 246,308 shares of the business services provider’s stock after selling 9,536 shares during the quarter. Guggenheim Capital LLC’s holdings in Alliance Data Systems were worth $62,433,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. grew its holdings 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 worth $125,000 after purchasing an additional 413 shares during the last quarter. Tower Research Capital LLC TRC bought a new stake in shares of Alliance Data Systems in the 4th quarter worth about $152,000. FNY Managed Accounts LLC bought a new stake in shares of Alliance Data Systems in the 4th quarter worth about $190,000. Cubic Asset Management LLC bought a new stake in shares of Alliance Data Systems in the 4th quarter worth about $208,000. Finally, Groesbeck Investment Management Corp NJ bought a new stake in shares of Alliance Data Systems in the 4th quarter worth about $208,000. 94.61% of the stock is currently owned by institutional investors and hedge funds.
Several equities research analysts have recently weighed in on the stock. Royal Bank of Canada reaffirmed a “buy” rating and issued a $293.00 target price on shares of Alliance Data Systems in a report on Thursday, January 4th. Credit Suisse Group reaffirmed an “underperform” rating and issued a $218.00 target price (up previously from $193.00) on shares of Alliance Data Systems in a report on Wednesday, January 17th. Barclays raised shares of Alliance Data Systems from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $265.00 to $310.00 in a report on Wednesday, January 3rd. BMO Capital Markets reaffirmed a “hold” rating and issued a $235.00 target price on shares of Alliance Data Systems in a report on Wednesday, November 22nd. Finally, Zacks Investment Research raised shares of Alliance Data Systems from a “hold” rating to a “buy” rating and set a $310.00 target price on the stock in a report on Tuesday, January 16th. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and twelve have issued a buy rating to the company’s stock. Alliance Data Systems presently has an average rating of “Hold” and an average target price of $276.44.
Shares of Alliance Data Systems Co. (NYSE:ADS) opened at $232.63 on Wednesday. Alliance Data Systems Co. has a fifty-two week low of $209.00 and a fifty-two week high of $278.33. The company has a current ratio of 2.43, a quick ratio of 2.41 and a debt-to-equity ratio of 9.69. The company has a market cap of $13,203.12, a PE ratio of 12.88, a price-to-earnings-growth ratio of 0.85 and a beta of 1.69.
Alliance Data Systems (NYSE:ADS) last issued its 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. The company had revenue of $2.11 billion for the quarter, compared to analyst estimates of $2.15 billion. Alliance Data Systems had a net margin of 10.22% and a return on equity of 66.17%. The company’s revenue for the quarter was up 15.2% on a year-over-year basis. During the same quarter last year, the firm earned $4.67 EPS. equities analysts forecast that Alliance Data Systems Co. will post 21.49 earnings per share for the current year.
The firm also recently announced 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. This represents a $2.28 annualized dividend and a dividend yield of 0.98%. The ex-dividend date of this dividend is Tuesday, February 13th. This is a positive change from Alliance Data Systems’s previous quarterly dividend of $0.52. Alliance Data Systems’s dividend payout ratio (DPR) is 16.14%.
In other news, EVP Melisa A. Miller sold 12,246 shares of the firm’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $245.09, for a total value of $3,001,372.14. Following the transaction, the executive vice president now owns 42,654 shares of the company’s stock, valued at approximately $10,454,068.86. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Edward J. Heffernan sold 21,000 shares of the firm’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $244.83, for a total transaction of $5,141,430.00. Following the completion of the transaction, the insider now directly owns 264,668 shares in the company, valued at approximately $64,798,666.44. The disclosure for this sale can be found here. 2.60% of the stock is currently owned by company insiders.
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About Alliance Data Systems
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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