Rhumbline Advisers Has $18.95 Million Stake in Alliance Data (ADS)

Rhumbline Advisers cut its stake in Alliance Data (NYSE:ADS) by 2.0% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 89,037 shares of the business services provider’s stock after selling 1,853 shares during the period. Rhumbline Advisers owned 0.16% of Alliance Data worth $18,952,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Elkfork Partners LLC purchased a new stake in Alliance Data in the fourth quarter worth about $541,000. Xact Kapitalforvaltning AB lifted its holdings in Alliance Data by 4.0% in the fourth quarter. Xact Kapitalforvaltning AB now owns 11,317 shares of the business services provider’s stock worth $2,869,000 after buying an additional 434 shares during the period. CNB Bank purchased a new stake in Alliance Data in the fourth quarter worth about $506,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its holdings in Alliance Data by 12.9% in the fourth quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 22,857 shares of the business services provider’s stock worth $5,794,000 after buying an additional 2,603 shares during the period. Finally, Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp lifted its holdings in Alliance Data by 21.7% in the fourth quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 26,400 shares of the business services provider’s stock worth $6,692,000 after buying an additional 4,700 shares during the period. Institutional investors and hedge funds own 95.20% of the company’s stock.

Shares of ADS opened at $210.57 on Friday. The company has a market cap of $11.62 billion, a P/E ratio of 11.52, a PEG ratio of 0.57 and a beta of 1.76. The company has a quick ratio of 2.11, a current ratio of 2.14 and a debt-to-equity ratio of 7.86. Alliance Data has a twelve month low of $207.44 and a twelve month high of $211.57.

Alliance Data (NYSE:ADS) last announced its quarterly earnings results on Thursday, April 19th. The business services provider reported $4.44 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $3.98 by $0.46. The company had revenue of $1.88 billion during the quarter, compared to the consensus estimate of $1.93 billion. Alliance Data had a net margin of 10.44% and a return on equity of 61.30%. The firm’s quarterly revenue was up .3% compared to the same quarter last year. During the same quarter last year, the firm earned $3.91 earnings per share. sell-side analysts anticipate that Alliance Data will post 21.34 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 19th. Investors of record on Monday, May 14th will be given a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a dividend yield of 1.08%. The ex-dividend date is Friday, May 11th. Alliance Data’s dividend payout ratio (DPR) is currently 12.47%.

In related news, Director Holdings L.P. Valueact bought 125,000 shares of the business’s stock in a transaction on Tuesday, May 8th. The stock was acquired at an average price of $201.27 per share, with a total value of $25,158,750.00. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Valueact Capital Master Fund, bought 2,646 shares of the business’s stock in a transaction on Tuesday, May 15th. The stock was bought at an average cost of $205.00 per share, with a total value of $542,430.00. The disclosure for this purchase can be found here. Insiders have purchased 330,246 shares of company stock valued at $66,585,860 in the last three months. 2.60% of the stock is owned by insiders.

Several analysts have commented on the stock. JMP Securities raised their price objective on shares of Alliance Data from $285.00 to $310.00 and gave the stock a “market outperform” rating in a report on Friday, January 26th. Barclays lowered their price objective on shares of Alliance Data from $310.00 to $298.00 and set an “overweight” rating for the company in a report on Friday, January 26th. Cowen downgraded shares of Alliance Data from an “outperform” rating to a “market perform” rating in a research note on Monday, January 29th. Oppenheimer raised their target price on shares of Alliance Data from $219.00 to $227.00 and gave the company an “underperform” rating in a research note on Friday, January 26th. Finally, Zacks Investment Research raised shares of Alliance Data from a “hold” rating to a “buy” rating and set a $283.00 target price for the company in a research note on Friday, January 26th. Three research analysts have rated the stock with a sell rating, ten have issued a hold rating and eleven have given a buy rating to the company’s stock. Alliance Data presently has a consensus rating of “Hold” and an average price target of $262.37.

Alliance Data Profile

Alliance Data Systems Corporation provides data-driven marketing and loyalty solutions worldwide. It operates through three segments: LoyaltyOne, Epsilon, and Card Services. 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 (NYSE:ADS)

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