Alerus Financial NA Buys New Stake in Alliance Data Systems Co. (NYSE:ADS)

Alerus Financial NA bought a new stake in Alliance Data Systems Co. (NYSE:ADS) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 15,045 shares of the business services provider’s stock, valued at approximately $1,568,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Victory Capital Management Inc. grew its stake in Alliance Data Systems by 285.9% during the first quarter. Victory Capital Management Inc. now owns 28,689 shares of the business services provider’s stock worth $3,215,000 after buying an additional 21,254 shares during the last quarter. Commerce Bank bought a new stake in Alliance Data Systems during the first quarter worth about $275,000. M&T Bank Corp bought a new stake in Alliance Data Systems during the first quarter worth about $254,000. Standard Life Aberdeen plc bought a new stake in Alliance Data Systems during the first quarter worth about $1,332,000. Finally, Alliancebernstein L.P. grew its stake in Alliance Data Systems by 1.7% during the first quarter. Alliancebernstein L.P. now owns 79,677 shares of the business services provider’s stock worth $8,931,000 after buying an additional 1,356 shares during the last quarter. 95.39% of the stock is currently owned by institutional investors and hedge funds.

NYSE ADS traded up $3.56 during trading hours on Wednesday, hitting $96.17. The company’s stock had a trading volume of 1,565 shares, compared to its average volume of 853,117. The stock has a fifty day moving average of $94.92 and a 200 day moving average of $106.10. Alliance Data Systems Co. has a twelve month low of $39.77 and a twelve month high of $128.16. The firm has a market capitalization of $4.79 billion, a P/E ratio of 6.50, a PEG ratio of 0.31 and a beta of 2.56. The company has a quick ratio of 1.77, a current ratio of 1.79 and a debt-to-equity ratio of 4.08.

Alliance Data Systems (NYSE:ADS) last posted its earnings results on Wednesday, July 28th. The business services provider reported $5.99 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $3.74 by $2.25. The company had revenue of $1.01 billion for the quarter, compared to analyst estimates of $1.05 billion. Alliance Data Systems had a net margin of 16.56% and a return on equity of 55.02%. On average, analysts predict that Alliance Data Systems Co. will post 17.31 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, September 17th. Shareholders of record on Friday, August 13th were issued a $0.21 dividend. The ex-dividend date of this dividend was Thursday, August 12th. This represents a $0.84 annualized dividend and a yield of 0.87%. Alliance Data Systems’s dividend payout ratio (DPR) is presently 9.27%.

Several analysts have weighed in on ADS shares. Bank of America raised shares of Alliance Data Systems from a “neutral” rating to a “buy” rating and set a $121.00 price objective on the stock in a research note on Tuesday, August 31st. JPMorgan Chase & Co. increased their price target on shares of Alliance Data Systems from $115.00 to $125.00 and gave the company an “overweight” rating in a research note on Tuesday, August 17th. cut shares of Alliance Data Systems from a “buy” rating to a “neutral” rating and set a $130.00 price target on the stock. in a research note on Friday, June 4th. Seaport Global Securities initiated coverage on shares of Alliance Data Systems in a research note on Monday, August 30th. They set a “buy” rating and a $121.00 price target on the stock. Finally, Citigroup cut shares of Alliance Data Systems from a “buy” rating to a “neutral” rating and set a $130.00 price target on the stock. in a research note on Friday, June 4th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $164.00.

Alliance Data Systems Company Profile

Alliance Data Systems Corp. engages in the provision of data-driven and transaction-based marketing, customer loyalty and payment solutions. It operates through the following segments: LoyaltyOne, Epsilon and Card Services. The LoyaltyOne segment provides coalition and short-term loyalty programs. The Epsilon segment offers end-to-end, integrated marketing solutions.

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

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