Comerica Bank lowered its position in Alliance Data Systems Co. (NYSE:ADS) by 1.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 35,112 shares of the business services provider’s stock after selling 453 shares during the period. Comerica Bank’s holdings in Alliance Data Systems were worth $9,111,000 as of its most recent SEC filing.
Several other large investors have also recently made changes to their positions in ADS. Cryder Capital Partners LLP grew its stake in shares of Alliance Data Systems by 6.9% in the 3rd quarter. Cryder Capital Partners LLP now owns 140,071 shares of the business services provider’s stock worth $31,033,000 after buying an additional 9,063 shares during the last quarter. Atlanta Capital Management Co. L L C grew its stake in shares of Alliance Data Systems by 3.7% in the 3rd quarter. Atlanta Capital Management Co. L L C now owns 140,187 shares of the business services provider’s stock worth $31,059,000 after buying an additional 4,980 shares during the last quarter. Court Place Advisors LLC grew its stake in shares of Alliance Data Systems by 6.9% in the 3rd quarter. Court Place Advisors LLC now owns 11,013 shares of the business services provider’s stock worth $2,440,000 after buying an additional 715 shares during the last quarter. Macquarie Group Ltd. grew its stake in shares of Alliance Data Systems by 1,310.0% in the 2nd quarter. Macquarie Group Ltd. now owns 1,410 shares of the business services provider’s stock worth $362,000 after buying an additional 1,310 shares during the last quarter. Finally, Dupont Capital Management Corp grew its stake in shares of Alliance Data Systems by 33.6% in the 3rd quarter. Dupont Capital Management Corp now owns 14,833 shares of the business services provider’s stock worth $3,286,000 after buying an additional 3,733 shares during the last quarter. 94.82% of the stock is owned by hedge funds and other institutional investors.
Several research firms recently weighed in on ADS. Cowen downgraded Alliance Data Systems from an “outperform” rating to a “market perform” rating in a research note on Monday, January 29th. Barclays cut their price target on Alliance Data Systems from $310.00 to $298.00 and set an “overweight” rating on the stock in a research note on Friday, January 26th. JMP Securities upped their price target on Alliance Data Systems from $285.00 to $310.00 and gave the stock a “market outperform” rating in a research note on Friday, January 26th. Oppenheimer increased their target price on Alliance Data Systems from $219.00 to $227.00 and gave the company an “underperform” rating in a research note on Friday, January 26th. Finally, Zacks Investment Research upgraded Alliance Data Systems from a “hold” rating to a “buy” rating and set a $283.00 target price on the stock in a research note on Friday, January 26th. Four equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and thirteen have given a buy rating to the company’s stock. Alliance Data Systems has an average rating of “Hold” and an average target price of $276.44.
Alliance Data Systems (NYSE:ADS) last released its quarterly earnings results on Thursday, January 25th. The business services provider reported $6.10 earnings per share for the quarter, beating the consensus estimate of $4.72 by $1.38. The firm had revenue of $2.11 billion for the quarter, compared to analysts’ expectations of $2.15 billion. Alliance Data Systems had a return on equity of 66.17% and a net margin of 10.22%. The company’s revenue was up 15.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $4.67 EPS. equities research analysts anticipate that Alliance Data Systems Co. will post 21.49 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 20th. Stockholders of record on Wednesday, February 14th will be issued a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a dividend yield of 0.92%. This is a boost from Alliance Data Systems’s previous quarterly dividend of $0.52. The ex-dividend date of this dividend is Tuesday, February 13th. Alliance Data Systems’s dividend payout ratio is presently 14.72%.
In other news, CFO Charles L. Horn sold 2,128 shares of the 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 legal filing with the SEC, which can be accessed through this hyperlink. 2.60% of the stock is owned by corporate insiders.
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About Alliance Data Systems
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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