US Bancorp DE raised its position in shares of Alliance Data (NYSE:ADS) by 2.0% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 19,392 shares of the business services provider’s stock after purchasing an additional 382 shares during the period. US Bancorp DE’s holdings in Alliance Data were worth $4,128,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in ADS. Centaurus Financial Inc. bought a new position in shares of Alliance Data during the first quarter valued at about $106,000. Northwestern Mutual Wealth Management Co. grew its stake in shares of Alliance Data by 516.3% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 493 shares of the business services provider’s stock valued at $125,000 after buying an additional 413 shares during the last quarter. Tower Research Capital LLC TRC bought a new position in shares of Alliance Data during the fourth quarter valued at about $152,000. Groesbeck Investment Management Corp NJ bought a new position in shares of Alliance Data during the fourth quarter valued at about $208,000. Finally, Dynamic Advisor Solutions LLC bought a new position in shares of Alliance Data during the first quarter valued at about $208,000. Institutional investors and hedge funds own 95.22% of the company’s stock.
Alliance Data opened at $213.13 on Friday, according to MarketBeat.com. The company has a current ratio of 2.14, a quick ratio of 2.11 and a debt-to-equity ratio of 7.86. The stock has a market capitalization of $11.85 billion, a P/E ratio of 11.66, a price-to-earnings-growth ratio of 0.58 and a beta of 1.76. Alliance Data has a 1 year low of $192.02 and a 1 year high of $278.33.
Alliance Data (NYSE:ADS) last posted its earnings results on Thursday, April 19th. The business services provider reported $4.44 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $3.98 by $0.46. The company had revenue of $1.88 billion for the quarter, compared to analysts’ expectations of $1.93 billion. Alliance Data had a return on equity of 61.30% and a net margin of 10.44%. Alliance Data’s quarterly revenue was up .3% on a year-over-year basis. During the same period last year, the firm earned $3.91 earnings per share. analysts anticipate that Alliance Data will post 21.34 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 19th. Investors of record on Monday, May 14th will be paid a $0.57 dividend. The ex-dividend date is Friday, May 11th. This represents a $2.28 annualized dividend and a dividend yield of 1.07%. Alliance Data’s payout ratio is presently 12.47%.
A number of brokerages have recently issued reports on ADS. UBS raised Alliance Data from an “underperform” rating to a “market perform” rating in a research note on Friday, April 20th. Robert W. Baird reaffirmed a “hold” rating and set a $235.00 price objective on shares of Alliance Data in a research note on Friday, April 20th. Edward Jones raised Alliance Data from a “hold” rating to a “buy” rating in a research note on Friday, January 26th. BMO Capital Markets reduced their price objective on Alliance Data to $250.00 and set a “market perform” rating on the stock in a research note on Friday, January 26th. Finally, Zacks Investment Research cut Alliance Data from a “hold” rating to a “sell” rating in a research note on Wednesday, March 28th. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and eleven have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $265.83.
In other news, Director Holdings L.P. Valueact acquired 125,000 shares of the business’s stock in a transaction on Tuesday, May 8th. The shares were acquired at an average cost of $201.27 per share, with a total value of $25,158,750.00. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Valueact Capital Master Fund, acquired 2,646 shares of the business’s stock in a transaction on Tuesday, May 15th. The shares were purchased at an average cost of $205.00 per share, for a total transaction of $542,430.00. The disclosure for this purchase can be found here. Insiders purchased 330,246 shares of company stock worth $66,585,860 over the last three months. 2.60% of the stock is owned by insiders.
Alliance Data Company 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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