Barings LLC Trims Stake in Alliance Data Systems Corporation (ADS)
Barings LLC lessened its holdings in shares of Alliance Data Systems Corporation (NYSE:ADS) by 56.7% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,270 shares of the business services provider’s stock after selling 2,970 shares during the quarter. Barings LLC’s holdings in Alliance Data Systems were worth $503,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds have also modified their holdings of the company. Fiduciary Trust Co. purchased a new stake in shares of Alliance Data Systems during the second quarter worth approximately $108,000. ETF Managers Group LLC purchased a new position in Alliance Data Systems in the second quarter valued at approximately $128,000. Acadian Asset Management LLC increased its stake 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 increased its stake 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 increased 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 purchasing an additional 390 shares during the last quarter. 95.22% of the stock is currently owned by institutional investors and hedge funds.
Alliance Data Systems Corporation (NYSE ADS) opened at $232.50 on Wednesday. The company has a current ratio of 2.11, a quick ratio of 2.09 and a debt-to-equity ratio of 9.53. The stock has a market cap of $13,158.58, a P/E ratio of 14.15, a PEG ratio of 1.03 and a beta of 1.79. Alliance Data Systems Corporation has a 1 year low of $209.00 and a 1 year high of $266.25.
Alliance Data Systems (NYSE:ADS) last announced its earnings results on Thursday, October 19th. The business services provider reported $5.35 earnings per share (EPS) for the quarter, topping 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 net margin of 7.09% and a return on equity of 62.95%. The company’s revenue for the quarter was up 1.4% compared to the same quarter last year. During the same period last year, the firm posted $4.74 earnings per share. research analysts predict that Alliance Data Systems Corporation will post 17.12 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 19th. Stockholders of record on Tuesday, November 14th will be given a dividend of $0.52 per share. The ex-dividend date is Monday, November 13th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.89%. Alliance Data Systems’s dividend payout ratio (DPR) is presently 22.06%.
In other news, CFO Charles L. Horn sold 2,128 shares of the firm’s stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $235.00, for a total transaction of $500,080.00. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 2.60% of the company’s stock.
ADS has been the topic of several recent analyst reports. Credit Suisse Group reiterated a “fair value” rating and issued a $232.44 price target (up from $174.00) on shares of Alliance Data Systems in a research note on Thursday, August 10th. BidaskClub lowered shares of Alliance Data Systems from a “hold” rating to a “sell” rating in a research note on Thursday, August 24th. KeyCorp reiterated a “hold” rating on shares of Alliance Data Systems in a research note on Friday, August 25th. Oppenheimer set a $191.00 price target on shares of Alliance Data Systems and gave the company a “sell” rating in a research note on Thursday, August 24th. Finally, Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $300.00 price target on shares of Alliance Data Systems in a research note on Thursday, August 31st. Four analysts have rated the stock with a sell rating, nine have assigned a hold rating and nine have given a buy rating to the stock. Alliance Data Systems has an average rating of “Hold” and a consensus target price of $258.27.
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Alliance Data Systems Company 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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