Alliance Data Systems Corporation (ADS) Shares Sold by King Luther Capital Management Corp

King Luther Capital Management Corp decreased its position in Alliance Data Systems Corporation (NYSE:ADS) by 18.5% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 266,999 shares of the business services provider’s stock after selling 60,668 shares during the period. King Luther Capital Management Corp owned about 0.48% of Alliance Data Systems worth $59,154,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of ADS. Fiduciary Trust Co. acquired a new stake in Alliance Data Systems in the second quarter valued at $108,000. ETF Managers Group LLC acquired a new stake in Alliance Data Systems in the second quarter valued at $128,000. Acadian Asset Management LLC grew its holdings in 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 valued at $150,000 after purchasing an additional 580 shares during the last quarter. Paradigm Asset Management Co. LLC grew its holdings in 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 valued at $167,000 after purchasing an additional 50 shares during the last quarter. Finally, WFG Advisors LP grew its holdings in Alliance Data Systems by 135.9% in the second quarter. WFG Advisors LP now owns 677 shares of the business services provider’s stock valued at $174,000 after purchasing an additional 390 shares during the last quarter. 95.22% of the stock is currently owned by institutional investors.

In related news, CFO Charles L. Horn sold 2,128 shares of the stock in a transaction dated 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 filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 2.60% of the company’s stock.

ADS has been the topic of several research reports. ValuEngine raised Alliance Data Systems from a “hold” rating to a “buy” rating in a report on Saturday, October 21st. SunTrust Banks reissued a “buy” rating and issued a $310.00 target price on shares of Alliance Data Systems in a report on Friday, October 20th. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $300.00 target price on shares of Alliance Data Systems in a report on Thursday, August 31st. Credit Suisse Group reissued a “fair value” rating and issued a $232.44 target price (up previously from $174.00) on shares of Alliance Data Systems in a report on Thursday, August 10th. Finally, KeyCorp reissued a “hold” rating on shares of Alliance Data Systems in a report on Friday, August 25th. Four research analysts have rated the stock with a sell rating, nine have assigned a hold rating and nine have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $258.27.

Shares of Alliance Data Systems Corporation (NYSE:ADS) opened at $238.17 on Tuesday. The company has a debt-to-equity ratio of 9.53, a quick ratio of 2.09 and a current ratio of 2.11. The company has a market capitalization of $12,929.85, a price-to-earnings ratio of 13.91, a P/E/G ratio of 1.01 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.

Alliance Data Systems (NYSE:ADS) last posted its quarterly earnings data on Thursday, October 19th. The business services provider reported $5.35 EPS for the quarter, beating analysts’ consensus estimates of $4.80 by $0.55. The business 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%. The business’s revenue for the quarter was up 1.4% compared to the same quarter last year. During the same quarter last year, the company earned $4.74 earnings per share. research analysts expect that Alliance Data Systems Corporation will post 17.12 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 19th. Investors of record on Tuesday, November 14th will be paid a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.87%. The ex-dividend date is Monday, November 13th. Alliance Data Systems’s payout ratio is currently 22.06%.

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

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