BlackRock Inc. raised its holdings in Alliance Data Systems Co. (NYSE:ADS) by 2.3% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 3,251,617 shares of the business services provider’s stock after acquiring an additional 72,130 shares during the quarter. BlackRock Inc. owned about 6.36% of Alliance Data Systems worth $455,649,000 as of its most recent SEC filing.
A number of other hedge funds have also made changes to their positions in the business. Veritable L.P. boosted its stake in Alliance Data Systems by 2.5% in the second quarter. Veritable L.P. now owns 2,725 shares of the business services provider’s stock valued at $382,000 after acquiring an additional 67 shares during the last quarter. Cim Investment Mangement Inc. raised its holdings in Alliance Data Systems by 3.4% in the second quarter. Cim Investment Mangement Inc. now owns 2,123 shares of the business services provider’s stock worth $297,000 after purchasing an additional 70 shares during the period. Patriot Financial Group Insurance Agency LLC raised its holdings in Alliance Data Systems by 11.1% in the second quarter. Patriot Financial Group Insurance Agency LLC now owns 1,000 shares of the business services provider’s stock worth $146,000 after purchasing an additional 100 shares during the period. Advisor Group Inc. raised its holdings in Alliance Data Systems by 7.1% in the second quarter. Advisor Group Inc. now owns 2,189 shares of the business services provider’s stock worth $309,000 after purchasing an additional 145 shares during the period. Finally, LS Investment Advisors LLC raised its holdings in Alliance Data Systems by 6.4% in the second quarter. LS Investment Advisors LLC now owns 2,459 shares of the business services provider’s stock worth $345,000 after purchasing an additional 147 shares during the period. 89.34% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NYSE:ADS traded up $1.51 during midday trading on Wednesday, reaching $104.30. 720,172 shares of the company were exchanged, compared to its average volume of 826,625. Alliance Data Systems Co. has a fifty-two week low of $99.20 and a fifty-two week high of $188.35. The company has a quick ratio of 2.08, a current ratio of 2.10 and a debt-to-equity ratio of 8.91. The stock has a fifty day simple moving average of $108.19 and a two-hundred day simple moving average of $131.29. The firm has a market cap of $4.92 billion, a PE ratio of 4.84, a P/E/G ratio of 0.46 and a beta of 1.65.
Alliance Data Systems (NYSE:ADS) last issued its quarterly earnings data on Thursday, October 24th. The business services provider reported $5.05 EPS for the quarter, missing analysts’ consensus estimates of $5.08 by ($0.03). Alliance Data Systems had a return on equity of 47.40% and a net margin of 7.54%. The company had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.45 billion. During the same quarter in the previous year, the business earned $5.37 earnings per share. The company’s revenue was up 1.1% on a year-over-year basis. As a group, analysts forecast that Alliance Data Systems Co. will post 16.44 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 17th. Shareholders of record on Thursday, November 14th will be paid a $0.63 dividend. The ex-dividend date is Wednesday, November 13th. This represents a $2.52 annualized dividend and a yield of 2.42%. Alliance Data Systems’s payout ratio is currently 11.69%.
In other Alliance Data Systems news, major shareholder Holdings L.P. Valueact sold 2,000,000 shares of Alliance Data Systems stock in a transaction on Monday, October 28th. The shares were sold at an average price of $101.50, for a total value of $203,000,000.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Valueact Capital Master Fund, sold 960,007 shares of Alliance Data Systems stock in a transaction on Tuesday, October 29th. The shares were sold at an average price of $16.43, for a total transaction of $15,772,915.01. 2.80% of the stock is currently owned by insiders.
ADS has been the topic of several analyst reports. Wells Fargo & Co lowered shares of Alliance Data Systems from an “outperform” rating to a “market perform” rating and set a $115.00 target price on the stock. in a report on Friday, October 25th. Edward Jones lowered shares of Alliance Data Systems from a “buy” rating to a “hold” rating in a report on Friday, October 25th. Goldman Sachs Group upgraded shares of Alliance Data Systems from a “neutral” rating to a “buy” rating and set a $152.00 target price on the stock in a report on Wednesday, September 11th. Wolfe Research set a $125.00 target price on shares of Alliance Data Systems and gave the stock a “hold” rating in a report on Friday, October 25th. Finally, Royal Bank of Canada set a $121.00 target price on shares of Alliance Data Systems and gave the stock a “buy” rating in a report on Friday, October 25th. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $142.64.
About Alliance Data Systems
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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