Hosking Partners LLP grew its holdings in Alliance Data (NYSE:ADS) by 4.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 48,008 shares of the business services provider’s stock after purchasing an additional 2,033 shares during the quarter. Hosking Partners LLP owned approximately 0.09% of Alliance Data worth $10,219,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also modified their holdings of the company. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its position in shares of Alliance Data by 12.9% in the 4th quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 22,857 shares of the business services provider’s stock valued at $5,794,000 after acquiring an additional 2,603 shares during the period. Mackenzie Financial Corp acquired a new stake in shares of Alliance Data in the 4th quarter valued at approximately $2,705,000. Folger Hill Asset Management LP raised its position in shares of Alliance Data by 88.4% in the 4th quarter. Folger Hill Asset Management LP now owns 9,103 shares of the business services provider’s stock valued at $2,307,000 after acquiring an additional 4,271 shares during the period. Two Sigma Advisers LP acquired a new stake in shares of Alliance Data in the 4th quarter valued at approximately $1,653,000. Finally, BlackRock Inc. raised its position in shares of Alliance Data by 1.5% in the 4th quarter. BlackRock Inc. now owns 3,060,167 shares of the business services provider’s stock valued at $775,693,000 after acquiring an additional 45,033 shares during the period. 95.22% of the stock is currently owned by institutional investors.
ADS has been the topic of several research analyst reports. Edward Jones upgraded shares of Alliance Data from a “hold” rating to a “buy” rating in a report on Monday, February 26th. ValuEngine upgraded shares of Alliance Data from a “strong sell” rating to a “sell” rating in a report on Wednesday. Zacks Investment Research upgraded shares of Alliance Data from a “hold” rating to a “buy” rating and set a $283.00 target price on the stock in a report on Friday, January 26th. Credit Suisse Group dropped their target price on shares of Alliance Data from $218.00 to $206.00 and set an “underperform” rating on the stock in a report on Friday, April 13th. Finally, Piper Jaffray Companies restated a “buy” rating and set a $313.00 target price on shares of Alliance Data in a report on Friday, April 6th. Three research analysts have rated the stock with a sell rating, ten have given a hold rating and eleven have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $262.37.
In other Alliance Data news, insider Valueact Capital Master Fund, bought 202,600 shares of Alliance Data stock in a transaction dated Wednesday, May 9th. The stock was bought at an average price of $201.80 per share, with a total value of $40,884,680.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Melisa A. Miller sold 12,246 shares of the business’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $245.09, for a total transaction 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 approximately $10,454,068.86. The disclosure for this sale can be found here. In the last three months, insiders bought 330,246 shares of company stock valued at $66,585,860. 2.60% of the stock is currently owned by company insiders.
Alliance Data opened at $214.80 on Thursday, MarketBeat Ratings reports. The company has a debt-to-equity ratio of 7.86, a current ratio of 2.14 and a quick ratio of 2.11. Alliance Data has a one year low of $192.02 and a one year high of $278.33. The firm has a market cap of $11.79 billion, a price-to-earnings ratio of 11.75, a P/E/G ratio of 0.58 and a beta of 1.76.
Alliance Data (NYSE:ADS) last released its quarterly earnings data on Thursday, April 19th. The business services provider reported $4.44 EPS for the quarter, topping the Zacks’ consensus estimate of $3.98 by $0.46. Alliance Data had a net margin of 10.44% and a return on equity of 61.30%. The firm had revenue of $1.88 billion during the quarter, compared to analysts’ expectations of $1.93 billion. During the same period in the previous year, the business posted $3.91 earnings per share. The company’s revenue for the quarter was up .3% compared to the same quarter last year. sell-side analysts anticipate that Alliance Data will post 21.34 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 19th. Stockholders of record on Monday, May 14th will be given a $0.57 dividend. The ex-dividend date of this dividend is Friday, May 11th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 1.06%. Alliance Data’s payout ratio is presently 12.47%.
Alliance Data Profile
Alliance Data Systems Corporation provides data-driven marketing and loyalty solutions worldwide. It operates through three segments: LoyaltyOne, Epsilon, and Card Services. 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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