Alps Advisors Inc. increased its stake in shares of Alliance Data Systems Co. (NYSE:ADS) by 182.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,581 shares of the business services provider’s stock after buying an additional 4,251 shares during the quarter. Alps Advisors Inc.’s holdings in Alliance Data Systems were worth $1,554,000 at the end of the most recent quarter.
A number of other institutional investors also recently made changes to their positions in the stock. Empowered Funds LLC grew its holdings in Alliance Data Systems by 1.5% during the second quarter. Empowered Funds LLC now owns 14,164 shares of the business services provider’s stock worth $3,336,000 after buying an additional 210 shares in the last quarter. Fiera Capital Corp grew its holdings in Alliance Data Systems by 21.5% during the second quarter. Fiera Capital Corp now owns 1,392 shares of the business services provider’s stock worth $325,000 after buying an additional 246 shares in the last quarter. Vista Investment Management grew its stake in Alliance Data Systems by 4.2% in the 2nd quarter. Vista Investment Management now owns 6,638 shares of the business services provider’s stock valued at $1,548,000 after purchasing an additional 265 shares during the period. First Interstate Bank grew its stake in Alliance Data Systems by 45.2% in the 2nd quarter. First Interstate Bank now owns 864 shares of the business services provider’s stock valued at $201,000 after purchasing an additional 269 shares during the period. Finally, Benjamin F. Edwards & Company Inc. grew its stake in Alliance Data Systems by 29.8% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 1,192 shares of the business services provider’s stock valued at $278,000 after purchasing an additional 274 shares during the period. Institutional investors and hedge funds own 93.75% of the company’s stock.
ADS stock opened at $201.58 on Wednesday. The company has a quick ratio of 2.12, a current ratio of 1.10 and a debt-to-equity ratio of 2.53. The firm has a market cap of $10.94 billion, a PE ratio of 11.03, a PEG ratio of 0.76 and a beta of 1.76. Alliance Data Systems Co. has a fifty-two week low of $192.02 and a fifty-two week high of $278.33.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 19th. Stockholders of record on Wednesday, November 14th will be paid a dividend of $0.57 per share. The ex-dividend date of this dividend is Tuesday, November 13th. This represents a $2.28 annualized dividend and a dividend yield of 1.13%. Alliance Data Systems’s payout ratio is 12.47%.
Alliance Data Systems declared that its board has authorized a stock repurchase program on Monday, July 30th that permits the company to buyback $500.00 million in shares. This buyback authorization permits the business services provider to reacquire up to 4% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board believes its shares are undervalued.
ADS has been the subject of a number of recent analyst reports. Zacks Investment Research upgraded Alliance Data Systems from a “hold” rating to a “buy” rating and set a $258.00 price objective for the company in a research note on Wednesday, August 8th. Jefferies Financial Group restated a “buy” rating and issued a $280.00 price objective on shares of Alliance Data Systems in a research note on Tuesday, August 7th. Stephens restated a “buy” rating and issued a $288.00 price objective on shares of Alliance Data Systems in a research note on Friday, July 20th. Bank of America initiated coverage on Alliance Data Systems in a research note on Monday, September 17th. They issued a “buy” rating and a $290.00 price objective for the company. Finally, Deutsche Bank set a $253.00 price objective on Alliance Data Systems and gave the company a “buy” rating in a research note on Thursday, September 20th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and thirteen have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $262.74.
In other news, EVP Bryan A. Pearson sold 3,424 shares of the stock in a transaction on Tuesday, August 14th. The stock was sold at an average price of $231.67, for a total transaction of $793,238.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.60% of the stock is currently owned by corporate insiders.
Alliance Data Systems Company 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.
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