State Treasurer State of Michigan reduced its stake in Alliance Data Systems Co. (NYSE:ADS) by 4.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 14,103 shares of the business services provider’s stock after selling 600 shares during the period. State Treasurer State of Michigan’s holdings in Alliance Data Systems were worth $3,575,000 as of its most recent SEC filing.
Other hedge funds also recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. boosted its stake in Alliance Data Systems by 516.3% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 493 shares of the business services provider’s stock valued at $125,000 after acquiring an additional 413 shares during the period. WFG Advisors LP boosted its stake 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 acquiring an additional 390 shares during the period. FNY Managed Accounts LLC acquired a new position in Alliance Data Systems in the fourth quarter valued at approximately $190,000. Cubic Asset Management LLC acquired a new position in Alliance Data Systems in the fourth quarter valued at approximately $208,000. Finally, Commerzbank Aktiengesellschaft FI acquired a new position in Alliance Data Systems in the fourth quarter valued at approximately $265,000. Institutional investors own 94.82% of the company’s stock.
In other news, CFO Charles L. Horn sold 2,128 shares of the business’s stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $235.00, for a total transaction of $500,080.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 2.60% of the company’s stock.
Alliance Data Systems Co. (NYSE ADS) opened at $240.60 on Friday. The company has a current ratio of 1.91, a quick ratio of 2.09 and a debt-to-equity ratio of 8.02. The stock has a market capitalization of $13,632.61, a P/E ratio of 17.03, a PEG ratio of 0.88 and a beta of 1.71. Alliance Data Systems Co. has a 52-week low of $209.00 and a 52-week high of $278.33.
Alliance Data Systems (NYSE:ADS) last issued its quarterly earnings data on Thursday, January 25th. The business services provider reported $6.10 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $4.72 by $1.38. The business had revenue of $2.11 billion during the quarter, compared to the consensus estimate of $2.15 billion. Alliance Data Systems had a return on equity of 66.17% and a net margin of 10.22%. The business’s revenue was up 15.2% on a year-over-year basis. During the same period in the previous year, the firm posted $4.67 earnings per share. research analysts anticipate that Alliance Data Systems Co. will post 21.49 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 20th. Stockholders of record on Wednesday, February 14th will be given a dividend of $0.57 per share. The ex-dividend date of this dividend is Tuesday, February 13th. This is an increase from Alliance Data Systems’s previous quarterly dividend of $0.52. This represents a $2.28 annualized dividend and a dividend yield of 0.95%. Alliance Data Systems’s payout ratio is currently 14.72%.
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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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