Piper Jaffray Companies restated their buy rating on shares of Alliance Data Systems (NYSE:ADS) in a report released on Thursday morning. The firm currently has a $368.00 price target on the business services provider’s stock.
A number of other research firms also recently commented on ADS. Zacks Investment Research upgraded shares of Alliance Data Systems from a hold rating to a buy rating and set a $310.00 price objective for the company in a research note on Tuesday, January 16th. Barclays restated an equal weight rating and set a $298.00 price objective (up from $278.00) on shares of Alliance Data Systems in a research note on Monday, January 8th. Royal Bank of Canada restated a buy rating and set a $293.00 price objective on shares of Alliance Data Systems in a research note on Thursday, January 4th. Robert W. Baird restated a hold rating and set a $270.00 price objective on shares of Alliance Data Systems in a research note on Tuesday, January 9th. Finally, Stephens set a $304.00 price objective on shares of Alliance Data Systems and gave the stock a buy rating in a research note on Tuesday, January 2nd. 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 company. The stock has an average rating of Hold and a consensus target price of $274.06.
Alliance Data Systems (NYSE:ADS) opened at $261.82 on Thursday. Alliance Data Systems has a one year low of $209.00 and a one year high of $278.33. The company has a debt-to-equity ratio of 9.53, a quick ratio of 2.09 and a current ratio of 2.11. The company has a market cap of $14,465.29, a PE ratio of 15.56, a PEG ratio of 0.94 and a beta of 1.79.
In other Alliance Data Systems news, CFO Charles L. Horn sold 2,128 shares of the stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $235.00, for a total value of $500,080.00. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 2.60% of the stock is owned by corporate insiders.
Institutional investors have recently added to or reduced their stakes in the business. ETF Managers Group LLC bought a new position in Alliance Data Systems in the 2nd quarter valued at about $128,000. WFG Advisors LP increased its holdings in shares of Alliance Data Systems by 135.9% during the second quarter. WFG Advisors LP now owns 677 shares of the business services provider’s stock worth $174,000 after purchasing an additional 390 shares during the period. Simonbaker & Partners LLC bought a new position in shares of Alliance Data Systems during the second quarter worth approximately $202,000. TLP Group LLC bought a new position in shares of Alliance Data Systems during the second quarter worth approximately $263,000. Finally, GSA Capital Partners LLP bought a new position in shares of Alliance Data Systems during the second quarter worth approximately $266,000. 94.59% of the stock is currently owned by hedge funds and other institutional investors.
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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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