Suntrust Banks Inc. cut its holdings in Alliance Data Systems Co. (NYSE:ADS) by 56.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 809 shares of the business services provider’s stock after selling 1,062 shares during the quarter. Suntrust Banks Inc.’s holdings in Alliance Data Systems were worth $204,000 at the end of the most recent quarter.
Several other hedge funds have also bought and sold shares of ADS. Northwestern Mutual Wealth Management Co. grew its holdings in shares of 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 purchasing an additional 413 shares in the last quarter. Tower Research Capital LLC TRC bought a new stake in Alliance Data Systems in the fourth quarter worth $152,000. FNY Managed Accounts LLC bought a new stake in Alliance Data Systems in the fourth quarter worth $190,000. Cubic Asset Management LLC bought a new stake in Alliance Data Systems in the fourth quarter worth $208,000. Finally, Groesbeck Investment Management Corp NJ bought a new stake in Alliance Data Systems in the fourth quarter worth $208,000. 94.61% of the stock is owned by hedge funds and other institutional investors.
In other news, insider Edward J. Heffernan sold 21,000 shares of Alliance Data Systems stock in a transaction on Friday, February 16th. The stock was sold at an average price of $244.83, for a total transaction of $5,141,430.00. Following the completion of the sale, the insider now directly owns 264,668 shares in the company, valued at $64,798,666.44. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Melisa A. Miller sold 12,246 shares of Alliance Data Systems stock in a transaction on Monday, February 26th. The stock was sold at an average price of $245.09, for a total value of $3,001,372.14. Following the sale, the executive vice president now owns 42,654 shares of the company’s stock, valued at $10,454,068.86. The disclosure for this sale can be found here. 2.60% of the stock is currently owned by company insiders.
Shares of Alliance Data Systems Co. (NYSE:ADS) opened at $239.19 on Monday. Alliance Data Systems Co. has a 52-week low of $209.00 and a 52-week high of $278.33. The firm has a market capitalization of $13,265.79, a price-to-earnings ratio of 16.93, a PEG ratio of 0.86 and a beta of 1.69. The company has a debt-to-equity ratio of 9.69, a quick ratio of 2.41 and a current ratio of 2.43.
Alliance Data Systems (NYSE:ADS) last released its earnings results on Thursday, January 25th. The business services provider reported $6.10 earnings per share for the quarter, topping the consensus estimate of $4.72 by $1.38. Alliance Data Systems had a return on equity of 66.17% and a net margin of 10.22%. The business had revenue of $2.11 billion during the quarter, compared to the consensus estimate of $2.15 billion. During the same period last year, the company earned $4.67 earnings per share. The business’s revenue for the quarter was up 15.2% compared to the same quarter last year. equities research analysts predict that Alliance Data Systems Co. will post 21.49 EPS for the current year.
The firm also recently announced 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. This represents a $2.28 annualized dividend and a dividend yield of 0.95%. This is an increase 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 (DPR) is 16.14%.
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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