Caisse DE Depot ET Placement DU Quebec grew its position in Alliance Data Systems Corporation (NYSE:ADS) by 67.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 304,511 shares of the business services provider’s stock after acquiring an additional 122,900 shares during the quarter. Caisse DE Depot ET Placement DU Quebec owned about 0.55% of Alliance Data Systems worth $67,748,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently made changes to their positions in ADS. Fiduciary Trust Co. bought a new position in shares of Alliance Data Systems in the second quarter worth about $108,000. ETF Managers Group LLC bought a new position in shares of Alliance Data Systems in the second quarter worth about $128,000. Acadian Asset Management LLC grew its holdings in shares of Alliance Data Systems by 11,600.0% in the second quarter. Acadian Asset Management LLC now owns 585 shares of the business services provider’s stock worth $150,000 after purchasing an additional 580 shares during the last quarter. Paradigm Asset Management Co. LLC grew its holdings in shares of Alliance Data Systems by 8.3% in the second quarter. Paradigm Asset Management Co. LLC now owns 650 shares of the business services provider’s stock worth $167,000 after purchasing an additional 50 shares during the last quarter. Finally, WFG Advisors LP grew its holdings in shares of Alliance Data Systems by 135.9% in the second quarter. WFG Advisors LP now owns 677 shares of the business services provider’s stock worth $174,000 after purchasing an additional 390 shares during the last quarter. 95.22% of the stock is currently owned by institutional investors and hedge funds.
A number of research analysts have recently commented on the stock. BidaskClub cut shares of Alliance Data Systems from a “hold” rating to a “sell” rating in a report on Thursday, August 24th. ValuEngine cut shares of Alliance Data Systems from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $300.00 target price on shares of Alliance Data Systems in a report on Thursday, August 31st. KeyCorp reiterated a “hold” rating on shares of Alliance Data Systems in a report on Friday, August 25th. Finally, BMO Capital Markets reiterated a “hold” rating and set a $235.00 target price on shares of Alliance Data Systems in a report on Wednesday, October 18th. Four investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and nine have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $258.27.
Alliance Data Systems (NYSE:ADS) last released its quarterly earnings results on Thursday, October 19th. The business services provider reported $5.35 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $4.80 by $0.55. The business had revenue of $1.91 billion during the quarter, compared to analyst estimates of $1.97 billion. Alliance Data Systems had a net margin of 7.09% and a return on equity of 62.95%. The company’s quarterly revenue was up 1.4% on a year-over-year basis. During the same period in the prior year, the firm posted $4.74 earnings per share. equities research analysts predict that Alliance Data Systems Corporation will post 17.12 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 19th. Shareholders of record on Tuesday, November 14th will be given a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a dividend yield of 0.87%. The ex-dividend date of this dividend is Monday, November 13th. Alliance Data Systems’s payout ratio is 22.06%.
In related news, CFO Charles L. Horn sold 2,128 shares of the stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $235.00, for a total value of $500,080.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 2.60% of the company’s stock.
Alliance Data Systems 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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