Alliance Data Systems Corporation (ADS) Shares Bought by Turtle Creek Asset Management Inc.

Turtle Creek Asset Management Inc. increased its stake in shares of Alliance Data Systems Corporation (NYSE:ADS) by 3,379.9% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 259,250 shares of the business services provider’s stock after acquiring an additional 251,800 shares during the period. Alliance Data Systems makes up approximately 5.7% of Turtle Creek Asset Management Inc.’s holdings, making the stock its 10th largest holding. Turtle Creek Asset Management Inc. owned about 0.47% of Alliance Data Systems worth $57,437,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in ADS. Acadian Asset Management LLC lifted its position in Alliance Data Systems by 11,600.0% during the 2nd quarter. Acadian Asset Management LLC now owns 585 shares of the business services provider’s stock worth $150,000 after acquiring an additional 580 shares in the last quarter. Janney Montgomery Scott LLC lifted its holdings in shares of Alliance Data Systems by 12.2% in the second quarter. Janney Montgomery Scott LLC now owns 4,418 shares of the business services provider’s stock valued at $1,134,000 after buying an additional 482 shares during the period. Bessemer Group Inc. lifted its holdings in shares of Alliance Data Systems by 892.9% in the second quarter. Bessemer Group Inc. now owns 1,549 shares of the business services provider’s stock valued at $397,000 after buying an additional 1,393 shares during the period. Advisor Partners LLC lifted its holdings in shares of Alliance Data Systems by 3.5% in the second quarter. Advisor Partners LLC now owns 1,364 shares of the business services provider’s stock valued at $350,000 after buying an additional 46 shares during the period. Finally, Seven Bridges Advisors LLC lifted its holdings in shares of Alliance Data Systems by 27.6% in the second quarter. Seven Bridges Advisors LLC now owns 7,725 shares of the business services provider’s stock valued at $1,983,000 after buying an additional 1,673 shares during the period. 95.22% of the stock is currently owned by hedge funds and other institutional investors.

ADS has been the subject of several research analyst reports. Credit Suisse Group restated an “underperform” rating on shares of Alliance Data Systems in a report on Tuesday, September 5th. Oppenheimer set a $191.00 target price on Alliance Data Systems and gave the company a “sell” rating in a report on Thursday, August 24th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $300.00 target price on shares of Alliance Data Systems in a report on Friday, October 6th. SunTrust Banks reaffirmed a “buy” rating and set a $310.00 target price on shares of Alliance Data Systems in a report on Friday, October 20th. Finally, BMO Capital Markets reaffirmed a “hold” rating and set a $235.00 target price on shares of Alliance Data Systems in a report on Wednesday, November 22nd. Four equities research analysts have rated the stock with a sell rating, nine have given a hold rating and nine have given a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $258.27.

In related news, CFO Charles L. Horn sold 2,128 shares of the company’s stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $235.00, for a total transaction of $500,080.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 2.60% of the stock is currently owned by insiders.

Alliance Data Systems Corporation (NYSE ADS) opened at $232.50 on Wednesday. The firm has a market capitalization of $13,158.58, a price-to-earnings ratio of 14.15, a P/E/G ratio of 1.03 and a beta of 1.79. Alliance Data Systems Corporation has a 52-week low of $209.00 and a 52-week high of $266.25. The company has a current ratio of 2.11, a quick ratio of 2.09 and a debt-to-equity ratio of 9.53.

Alliance Data Systems (NYSE:ADS) last posted its quarterly earnings results on Thursday, October 19th. The business services provider reported $5.35 earnings per share for the quarter, beating the consensus estimate of $4.80 by $0.55. The firm had revenue of $1.91 billion for the quarter, compared to analyst estimates of $1.97 billion. Alliance Data Systems had a return on equity of 62.95% and a net margin of 7.09%. Alliance Data Systems’s quarterly revenue was up 1.4% on a year-over-year basis. During the same period in the previous year, the firm earned $4.74 earnings per share. equities analysts predict that Alliance Data Systems Corporation will post 17.12 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 19th. Investors 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 yield of 0.89%. The ex-dividend date is Monday, November 13th. Alliance Data Systems’s payout ratio is 22.06%.

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Alliance Data Systems Company 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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Institutional Ownership by Quarter for Alliance Data Systems (NYSE:ADS)

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