Courant Investment Management LLC increased its position in Alliance Data Systems Co. (NYSE:ADS) by 181.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 31,000 shares of the business services provider’s stock after purchasing an additional 20,000 shares during the quarter. Alliance Data Systems makes up 5.5% of Courant Investment Management LLC’s holdings, making the stock its 9th largest position. Courant Investment Management LLC owned about 0.06% of Alliance Data Systems worth $7,858,000 at the end of the most recent reporting period.
Other hedge funds have also recently modified their holdings of the company. Cryder Capital Partners LLP raised its holdings in shares of Alliance Data Systems by 6.9% in the 3rd quarter. Cryder Capital Partners LLP now owns 140,071 shares of the business services provider’s stock valued at $31,033,000 after purchasing an additional 9,063 shares during the period. Atlanta Capital Management Co. L L C raised its holdings in shares of Alliance Data Systems by 3.7% in the 3rd quarter. Atlanta Capital Management Co. L L C now owns 140,187 shares of the business services provider’s stock valued at $31,059,000 after purchasing an additional 4,980 shares during the period. Court Place Advisors LLC grew its stake in Alliance Data Systems by 6.9% in the 3rd quarter. Court Place Advisors LLC now owns 11,013 shares of the business services provider’s stock valued at $2,440,000 after buying an additional 715 shares during the last quarter. Macquarie Group Ltd. grew its stake in Alliance Data Systems by 1,310.0% in the 2nd quarter. Macquarie Group Ltd. now owns 1,410 shares of the business services provider’s stock valued at $362,000 after buying an additional 1,310 shares during the last quarter. Finally, Dupont Capital Management Corp grew its stake in Alliance Data Systems by 33.6% in the 3rd quarter. Dupont Capital Management Corp now owns 14,833 shares of the business services provider’s stock valued at $3,286,000 after buying an additional 3,733 shares during the last quarter. 94.59% of the stock is currently owned by institutional investors.
In other Alliance Data Systems news, CFO Charles L. Horn sold 2,128 shares of the 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 is available at this hyperlink. Corporate insiders own 2.60% of the company’s stock.
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 the Zacks’ consensus estimate of $4.80 by $0.55. Alliance Data Systems had a net margin of 7.09% and a return on equity of 62.95%. The firm had revenue of $1.91 billion for the quarter, compared to analyst estimates of $1.97 billion. During the same quarter in the prior year, the business posted $4.74 EPS. The business’s revenue was up 1.4% compared to the same quarter last year. analysts forecast that Alliance Data Systems Co. will post 17.08 earnings per share for the current fiscal year.
A number of research analysts recently commented on ADS shares. Zacks Investment Research upgraded shares of Alliance Data Systems from a “hold” rating to a “buy” rating and set a $296.00 price target on the stock in a research note on Friday, January 5th. Royal Bank of Canada reiterated a “buy” rating and issued a $293.00 price target on shares of Alliance Data Systems in a research note on Thursday, January 4th. Stephens set a $304.00 price target on shares of Alliance Data Systems and gave the company a “buy” rating in a research note on Tuesday, January 2nd. ValuEngine upgraded shares of Alliance Data Systems from a “hold” rating to a “buy” rating in a research note on Saturday, October 21st. Finally, SunTrust Banks reiterated a “buy” rating and issued a $310.00 price target on shares of Alliance Data Systems in a research note on Friday, October 20th. Four analysts have rated the stock with a sell rating, nine have issued a hold rating and ten have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $270.18.
ILLEGAL ACTIVITY NOTICE: This piece of content was originally posted by Week Herald and is the sole property of of Week Herald. If you are reading this piece of content on another site, it was illegally stolen and reposted in violation of US & international copyright & trademark legislation. The original version of this piece of content can be viewed at https://weekherald.com/2018/01/18/courant-investment-management-llc-has-7-86-million-stake-in-alliance-data-systems-co-ads.html.
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.
Receive News & Ratings for Alliance Data Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alliance Data Systems and related companies with MarketBeat.com's FREE daily email newsletter.