Stonebridge Capital Management Inc. Buys New Position in Alliance Data Systems Corporation (ADS)

Stonebridge Capital Management Inc. purchased a new stake in Alliance Data Systems Corporation (NYSE:ADS) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 1,910 shares of the business services provider’s stock, valued at approximately $423,000.

Other large investors have also added to or reduced their stakes in the company. Green Square Capital LLC lifted its holdings in Alliance Data Systems Corporation by 0.3% during the 2nd quarter. Green Square Capital LLC now owns 3,054 shares of the business services provider’s stock valued at $784,000 after purchasing an additional 8 shares during the last quarter. Citizens Financial Group Inc RI increased its position in Alliance Data Systems Corporation by 2.2% in the 2nd quarter. Citizens Financial Group Inc RI now owns 909 shares of the business services provider’s stock valued at $233,000 after acquiring an additional 20 shares in the last quarter. Benjamin F. Edwards & Company Inc. increased its position in Alliance Data Systems Corporation by 5.6% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 488 shares of the business services provider’s stock valued at $125,000 after acquiring an additional 26 shares in the last quarter. Suntrust Banks Inc. increased its position in Alliance Data Systems Corporation by 1.7% in the 2nd quarter. Suntrust Banks Inc. now owns 2,240 shares of the business services provider’s stock valued at $574,000 after acquiring an additional 37 shares in the last quarter. Finally, Advisor Partners LLC increased its position in Alliance Data Systems Corporation by 3.5% in the 2nd quarter. Advisor Partners LLC now owns 1,364 shares of the business services provider’s stock valued at $350,000 after acquiring an additional 46 shares in the last quarter. 95.96% of the stock is owned by institutional investors.

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Alliance Data Systems Corporation (NYSE ADS) traded up $1.97 during mid-day trading on Wednesday, hitting $226.17. 562,100 shares of the stock were exchanged, compared to its average volume of 599,661. The company has a market capitalization of $12,386.75, a PE ratio of 13.32, a P/E/G ratio of 0.97 and a beta of 1.78. Alliance Data Systems Corporation has a 52-week low of $207.27 and a 52-week high of $266.25. The company has a debt-to-equity ratio of 9.53, a current ratio of 2.11 and a quick ratio of 2.09.

Alliance Data Systems Corporation (NYSE:ADS) last issued its quarterly earnings data on Thursday, October 19th. The business services provider reported $5.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.80 by $0.55. The business had revenue of $1.91 billion during the quarter, compared to analyst estimates of $1.97 billion. Alliance Data Systems Corporation had a net margin of 7.09% and a return on equity of 62.95%. The firm’s quarterly revenue was up 1.4% on a year-over-year basis. During the same quarter last year, the business earned $4.74 EPS. sell-side analysts forecast that Alliance Data Systems Corporation will post 17.12 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 19th. Shareholders of record on Tuesday, November 14th will be given a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 0.92%. The ex-dividend date is Monday, November 13th. Alliance Data Systems Corporation’s dividend payout ratio is presently 22.06%.

Alliance Data Systems Corporation announced that its board has authorized a share repurchase plan on Thursday, July 27th that permits the company to buyback $500.00 million in shares. This buyback authorization permits the business services provider to reacquire shares of its stock through open market purchases. Shares buyback plans are often a sign that the company’s board believes its stock is undervalued.

ADS has been the subject of several analyst reports. Credit Suisse Group reiterated an “underperform” rating on shares of Alliance Data Systems Corporation in a research report on Tuesday, September 5th. Keefe, Bruyette & Woods restated a “buy” rating and set a $300.00 price objective on shares of Alliance Data Systems Corporation in a report on Thursday, August 31st. ValuEngine upgraded shares of Alliance Data Systems Corporation from a “hold” rating to a “buy” rating in a report on Saturday, October 21st. Oppenheimer Holdings, Inc. set a $208.00 price objective on shares of Alliance Data Systems Corporation and gave the company a “sell” rating in a report on Thursday, October 19th. Finally, Barclays PLC lowered shares of Alliance Data Systems Corporation from an “overweight” rating to an “equal weight” rating and cut their price target for the company from $285.00 to $265.00 in a research note on Friday, July 21st. Four equities research analysts have rated the stock with a sell rating, nine have given a hold rating and ten have given a buy rating to the company’s stock. Alliance Data Systems Corporation presently has an average rating of “Hold” and a consensus target price of $257.00.

Alliance Data Systems Corporation 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.

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

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